The report “Zeolites Market by Type (Natural, Synthetic), Function (Ion-Exchange, Catalyst, Molecular Sieve), Synthetic Zeolites Application (Detergents, Absorbent, Catalysts), Natural Zeolites Application, and Region – Global Forecast to 2026” The global zeolites market size is estimated to be USD 12.1 billion in 2021 and is projected to reach USD 14.1 billion by 2026, at a CAGR of 3.1% between 2021 and 2026, owing to an increase in demand of zeolites in detergent industry.
Browse
• 335 Market data Tables
• 54 Figures
• 245 Pages and in-depth TOC on “Zeolites Market – Global Forecast to 2026″
Some of the prominent key players are:
- Albemarle Corporation (US)
- BASF SE (Germany)
- Honeywell International Inc. (US)
- Clariant (Switzerland)
- W.R. Grace & Co. (US)
- TOSOH Corporation (Japan)
- Union Showa KK, (Japan)
Opportunity: Rising demand for adsorbents to drive market growth
Volatile Organic Compounds (VOCs), by-products of petrochemical reactions, are hazardous to health and environment. These are present in solvent-based paints, adhesives, sealants, printing inks, and several consumer products and are emitted the highest by chemical and petrochemical industries. VOC emissions cause difficulty in breathing and damage the central nervous system. For instance, formaldehyde, a VOC, is carcinogenic in nature. Organizations such as the Environmental Protection Agency (EPA) and Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH) have formulated stringent regulations for the control of VOC emissions. This is contributing to the increasing demand for materials having low VOC content. Zeolites encompass properties, such as non-flammability, thermal stability, and hydrophobicity, which makes them efficient adsorbents for the removal of VOCs. Zeolites have proven to be more effective than activated carbon for the removal of VOCs.
By function, the molecular sieve segment is the fastest-growing market during the forecast period.
Zeolites can be used as molecular sieves by mixing the powdered form of zeolites with binders and subjecting the mixture to high pressure to form molecular sieves. Molecular sieves have a microporous structure and, hence, can sieve molecules as well as selectively absorb or separate certain substances. These sieves are widely used in drying, separation, and adsorption applications. Molecular sieves are widely used in drying applications to remove moisture from solvents and produce anhydrous solvents. Molecular sieves are widely used in insulating glass, package protection, pollution & VOC (Volatile Organic Compounds) control, medical, natural gas dehydration, carbon dioxide removal, drying, and hydrogen purification applications.
Asia Pacific is the fastest-growing region in the zeolites market.
Asia Pacific dominated the global zeolites market in 2020. It is majorly due to the increase in demand for zeolites from major countries such as China, Japan, and India. China is the largest market for zeolites market in Asia Pacific. Surging demand for transportation fuels is driving the market for refinery catalysts in the Asia Pacific region.
