CAGR: 3.7%Current Market Size: USD 11.5 BillionFastest Growing Region: Europe
Largest Market: APACProjection Time: 2021-2028Base Year: 2020
The global Zeolites market is expected to grow from USD 11.5 Billion in 2020 to USD 15.2 Billion by 2028, at a CAGR of 3.7% during the Projection period 2021-2028. This growth of the zeolites market is significantly driven by extensive demand for zeolites in the detergent industry coupled with the rising concerns associated with hygiene.
Zeolites are crystalline solid structures that are made of silicon, aluminum, and oxygen. They are microporous, crystalline, hydrated aluminosilicates and are obtained from hydrothermal crystallization of aluminosilicate gels. They have a porous framework, making them suitable for employment in detergents, petrochemical, nuclear, refrigeration, and concrete among other end-user markets.
In addition, the Federal Drug Administration (FDA) has rated Zeolite as the Generally Regarded As Safe (GRAS) for human consumption and has been used commercially for water filtration for years. Moreover, it finds a range of usage in industrial applications for water and wastewater treatment, catalysis, agriculture, animal feed additives, nuclear waste, and biochemical applications.
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Market Dynamics
Drivers:
There is an extensive demand for synthetic zeolites in the detergent industry as they have exceptional ion-exchange properties. In addition, they are ideal for use as water softeners for the removal of calcium, magnesium, and other ions. Hence, the Zeolites are seeing huge growth in usage as the ion exchange builders replace the water hardness ions with sodium ions. Further, a number of regulations have been implemented in different countries to stop and restrict the phosphate builders’ usage for the manufacture of detergents, resulting in demand for zeolites.
The Federal Drug Administration (FDA) has rated natural Zeolite as the Generally Regarded As Safe (GRAS) for human consumption. Also, they are effective in cleaning up the contaminated water from heavy metals as well as other toxins. This feature of non-toxicity created a demand for zeolites in various applications. In addition to this, natural zeolites are cheaper and have advantages over other cation exchange materials. This factor is further projected to fuel the growth of the zeolites market.
Restraints:
Some of the synthetic zeolite dust are considered nuisance dust owing to their toxicity. The accidental inhaling of such particles raises health and safety concerns. For instance, as e zeolites are a complex group of silicates, they can cause pulmonary diseases if inhaled. Hence, such scenarios of toxicity may limit adoption of the synthetic zeolites, hampering the global market.
Opportunities:
Volatile Organic Compounds (VOCs) emissions caused by petrochemical reactions have become a significant concern and hazard for human health and the environment. For instance, such emissions can lead to damage to the central nervous system and difficulty in breathing. However, a number of environmental protection organizations such as Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH) and Environmental Protection Agency (EPA) are formulating strict regulations to control VOC emissions. While on the other hand, the demand for Zeolites is growing due to such environmental concerns as they are proven to be efficient adsorbents for removing VOCs. This factor is expected to provide lucrative growth opportunities for the growth of the market during the Projection period.
Challenges:
Owing to the unprecedented crisis of COVID-19, a number of countries have employed nationwide lockdowns. However, as they are reopening, safety measures such as social distancing are still being applied. This has caused significant economic downturns across the globe. Due to the slowdown in industrial and commercial activities, the demand for Zeolites has been hampered along with the fluctuations in the raw material prices. Hence, the emergence of the COVID-19 pandemic has posed challenges to the global Zeolites market.
Segmentation Analysis
The global zeolites market has been segmented based on product type, function, framework, pore size, end-use, application, and regions.
By Product type
By Function
By Framework
By Pore Size
By End User
By Application
By Regional Analysis
The regions analyzed for the zeolites market include North America, Europe, South America, Asia Pacific, and the Middle East, and Africa. The Asia-Pacific region dominated the Zeolites market and held the 32.1% share of the market revenue in 2020.
Key Industry Players Analysis
The key players are now concentrating on implementing strategies such as adopting new mineral types, product innovations, mergers & acquisitions, joint ventures, alliances, and partnerships to improve their market position in the global Zeolites industry.
For instance, in July 2021, BASF, a German multinational chemical company expanded its chemical catalyst recycling capability and capacity with the acquisition of Zodiac Enterprises LLC in Caldwell, Texas.
In April 2021, Clariant, a specialty chemical company announced the opening of a new production facility for process and light stabilizers. The facility is cooperatively owned by Clariant and Beijing Tiangang Auxiliary Co., Ltd. (Tiangang), a producer and supplier of light stabilizers in China.
Latest Development
Report Metrics
Report Attribute |
Details |
Projection period |
2021-2028 |
Base year considered |
2020 |
CAGR (%) |
3.7% |
Market Size |
11.5 Billion in 2020 |
Projection unit |
Value (USD) |
Segments covered |
Product Type, Function, Framework, Pore Size, End use, Application, and Regions |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Albemarle Corporation, BASF SE, TOSOH Corporation, Arkema, Honeywell International Inc., Union Showa KK, Zeochem AG, KNT Group, Clariant, W.R. Grace & Co., Zeolyst International, Huiying Chemical Industry(Xiamen) Co., Ltd., Chemiewerk Bad Köstritz GmbH, NALCO India, PQ among others. |
By Product type |
|
By Function |
|
By Framework |
|
By Pore Size |
|
By End use |
|
By Application |
|
Regional scope |
|
Scope of the Report
Global Zeolites Market by Product type:
Global Zeolites Market by Function:
Global Zeolites Market by Framework:
Global Zeolites Market by Pore Size:
Global Zeolites Market by End-use:
Global Zeolites Market by Application:
Global Zeolites Market by Region:
The market value of the Zeolites Market in 2020 is $11.5 Billion.
Asia-Pacific held the major share in the market over the Projection period 2021- 2028.
Natural segment is the most influencing segment in the Zeolites market.
The leading market players active in the global Zeolites market are Albemarle Corporation, BASF SE, TOSOH Corporation, Arkema, Honeywell International Inc., Union Showa KK, Zeochem AG, KNT Group, Clariant, W.R. Grace & Co., Zeolyst International, Huiying Chemical Industry(Xiamen) Co., Ltd., Chemiewerk Bad Köstritz GmbH, NALCO India, and PQ among others.
Product Type, Function, Framework, Pore Size, End-use, Application, and Regions are the Seven segments of the report.
Yes, the market includes qualitative and quantitative insights for COVID-19 impact on the zeolites market.
The Zeolites market is studied from 2020 - 2028.
Political- A number of environmental protection organizations such as Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH) and Environmental Protection Agency (EPA) are formulating strict regulations to control VOC emissions. While on the other hand, the demand for Zeolites is growing due to such environmental concerns as they are proven to be efficient adsorbents for removing VOCs. This factor is expected to provide lucrative growth opportunities for the growth of the market during the Projection period.
Economic- The Federal Drug Administration (FDA) has rated natural Zeolite as the Generally Regarded As Safe (GRAS) for human consumption. Also, they are effective in cleaning up the contaminated water from heavy metals as well as other toxins. This feature of non-toxicity created a demand for zeolites in various applications. In addition to this, natural zeolites are cheaper and have advantages over other cation exchange materials. This factor is further projected to fuel the growth of the zeolites market.
Social- The growth of the Asia-Pacific Zeolites market is driven by a number of factors government’s focus on environmental protection and ongoing emphasis on the development of bio-based products. In addition to this, ongoing government infrastructure spending across countries such as India and China fuels demand zeolite for the production of lightweight construction materials.
Technological- Clariant, a specialty chemical company announced the opening of a new production facility for process and light stabilizers. The facility is cooperatively owned by Clariant and Beijing Tiangang Auxiliary Co., Ltd. (Tiangang), a producer and supplier of light stabilizers in China.
Environmental- Some of the synthetic zeolite dust are considered nuisance dust owing to their toxicity. The accidental inhaling of such particles raises health and safety concerns. For instance, as e zeolites are a complex group of silicates, they can cause pulmonary diseases if inhaled. Hence, such scenarios of toxicity may limit adoption of the synthetic zeolites, hampering the global market. Volatile Organic Compounds (VOCs) emissions caused by petrochemical reactions have become a significant concern and hazard for human health and the environment. For instance, such emissions can lead to damage to the central nervous system and difficulty in breathing.
Legal- BASF, a German multinational chemical company expanded its chemical catalyst recycling capability and capacity with the acquisition of Zodiac Enterprises LLC in Caldwell, Texas.
List of Table
List of Figures