Global Zeolite Market Overview 2018, Demand by Regions, Share and Forecast to 2023
This has been a result of the various properties of zeolites such as porous structure, resistance to high temperature, oxidation and pressure, and environment-friendly nature.
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According to the latest report by IMARC Group, titled “Zeolite Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global zeolite market reached a value of more than US$ 33 Billion in 2016. Zeolites are hydrated minerals consisting of interlinked alumina (AlO4) and silica molecules (SiO4) which create open, three-dimensional crystal structures that can trap water, cations and other small molecules. These minerals are resistant to high pressure, temperature and oxidation, and do not dissolve in inorganic solvents and water. Zeolites are naturally found in volcanic and sedimentary rocks, and can also be produced synthetically on an industrial level. Presently, there are around 40 naturally occurring zeolites and 150 synthetic zeolites designed for different purposes.
Highlights of the global zeolite market:
The environment-friendly nature and unique structure of zeolites are the major forces driving their demand.Detergent production represents the leading application segment globally.North America dominates the global zeolite market, accounting for the largest share.
On account of their porous structure and advantageous properties, zeolites are extensively used in a variety of applications. Their demand in the detergents industry has been growing as they assist in reducing the hardness of water rich in magnesium and calcium, thereby assisting in the cleaning action of the detergents. Moreover, growing concerns regarding the use of sulphates in detergents and the subsequent ban in many countries have further stimulated the consumption of zeolites in the detergents industry. Zeolites are also being used in cleaning commercial and nuclear wastes which contain heavy metals and radioactive isotopes, respectively. Additionally, the selective sieving property, recyclability, ease of use and low cost of zeolites have made them attractive as catalysts for use in the petrochemical industry. Owing to this, they have been replacing environmentally harmful materials used in several processes in this industry. Looking forward, the market value is projected to exceed US$ 42 Billion by 2022, expanding at a CAGR of 4% during 2017-2022.
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The market has been analysed on the basis of type, covering natural and synthetic zeolites. Currently, natural zeolites dominate the market, holding the largest share. On the basis of application, detergents represent the largest segment. It is followed by catalyst and adsorbent applications. The market has further been segmented on a regional basis into Middle East and Africa, North America, Asia Pacific, Europe and Latin America. Amongst these, North America is the leading market, accounting for the majority of the total market. On assessing the import and export scenario of the market, Germany and Netherland are the biggest importer and exporter of zeolites, respectively. The competitive landscape of the market has also been examined with some of the key players being Arkema, BASF, Honeywell International, Tosoh Corporation and Zeochem.
The report by IMARC Group has examined the global zeolite market on the basis of:
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