The global Zeolite market size is expected to be worth around US$ 50.27 billion by 2030, according to a new report by Vision Research Reports.
The global Zeolite market size was valued at US$ 27.48 billion in 2020 and is anticipated to grow at a CAGR of 8.5% during forecast period 2021 to 2030.
|Market Size||US$ 50.27 Billion by 2030|
|Growth Rate||CAGR of 8.5% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Clariant; International Zeolite Corp.; Blue Pacific Minerals; Cooperative La Mineraltda; Gordes Zeolite; Imerys; BASF SE; KMI Zeolite; Rota Mining Corporation; Zeolyst International|
The growth of the chemical sector, coupled with the increasing demand for natural products in industries such as agriculture and concrete, is expected to propel market growth in the coming years.
Growing concerns over hygiene and the rising demand for detergents are projected to fuel the market growth across the forecast period. The increasing need for natural products in agriculture, pet litters, and concrete is further augmenting the product demand. The U.S. is one of the major consumers and producers of zeolite. Growing natural zeolite demand in the country owing to the dominating animal feed applications is driving the market. Easy-to-use technologies and cost-effective materials are the factors propelling the product demand in the country.
By Application Analysis
The detergent builders segment held the largest revenue share of more than 56.0% in 2020. The rising production volume of zeolites as builders in detergents owing to their improved cleaning characteristics is expected to boost the industry's growth.
The growing industrial use of zeolite as catalysts in the hydrocarbon industry has resulted in industrial growth. Zeolites are used for the cracking of petroleum during the chemical reaction, which results in structural changes.
Other applications of zeolite include water treatment and nuclear reactors and gas separation. Increasing refinery output at a global level is expected to be a primary factor for the growth of the market.
By Product Analysis
Natural products accounted for the largest volume share of over 61.0% in 2020. These products are primarily used in various end-use industries including pet litter, odor control, wastewater cleanup, and various horticulture applications including growth media and soil conditioners, desiccant, wastewater cleanup, gas absorbents, animal feed, aquaculture, and catalysts.
Pet litter, animal feed, and horticulture applications account for almost 70% share in the market for natural zeolite. The rising demand for detergents owing to the awareness regarding hygiene among consumers is likely to promote market growth and benefit zeolite-based products such as powder and liquid detergents
By Regional Analysis
Asia Pacific dominated the market and accounted for over 31.0% share of the global revenue in 2020. The government’s focus on environmental protection has resulted in the growing usage of zeolites for the purification of gas and water streams.
Increasing government infrastructure spending in economies, including India and China, is projected to propel the product demand owing to the rising deployment of zeolite in the production of lightweight construction materials, coupled with being a vital ingredient in manufacturing asphalt concrete.
Europe held the second-largest revenue share in 2020 and is projected to expand at a CAGR of 7.3% over the forecast period. Oxygen concentrator systems that are based on zeolites are being produced on account of their ability to remove impurities from the air and provide purified oxygen.
International Zeolite Corp.
Blue Pacific Minerals
Cooperative La Mineraltda
Rota Mining Corporation
Central & South America
Middle East & Africa
The Zeolite market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Zeolite market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Zeolite market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Zeolite market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Zeolite market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Zeolite capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Zeolite by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Zeolite market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Zeolite market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Zeolite market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Zeolite industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Zeolite market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Zeolite market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Zeolite market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Zeolite market. These factors have benefited the growth of the global market for Zeolite. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Zeolite. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Zeolite are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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