Global Zeolites Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Zeolites Market By Type, Function and Application: Global Opportunity Analysis and Industry Forecast, 2018–2025,” the Zeolites Market was valued at XX million in 2017, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
According to the US Geological Survey, there are 40 types of naturally occurring zeolites, forming in both volcanic and sedimentary rocks. Zeolites have higher melting points so higher temperatures do not affect their properties. Zeolites are commonly used in water softeners, water filters, odor control and pet litter. Zeolites are also used to remove radioactive particles from nuclear waste and cleaning up soils contaminated with toxic heavy metals. One of the major uses of zeolites is as heterogeneous catalysts in the petrochemical industry where they are used to break large hydrocarbon molecules into gasoline, diesel, kerosene, waxes and all kinds of other byproducts of petroleum.
This report provides a detailed analysis of zeolites market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
Rising disposable income and improved living standard have positively impacted the detergent industry over the past few years. Therefore, constant demand for phosphorus-free detergents and the strength of zeolitic acidity among the amorphous aluminosilicates for the petrochemical industry is expected to drive the growth of this market globally. The production of a synthetic zeolite is marked at providing the material with certain specific properties i.e. it tends to be custom-made to specific industrial needs which presents immense potential for various applications.
Global Zeolites market is majorly segmented on the basis of Type (Natural zeolite and Synthetic zeolite), Function (Catalysts, Adsorbents and Separators & ion exchange) & Applications (Chemical, Agriculture, Petrochemicals, Water treatment and others).
By geography, Global zeolites market is studied across North America, Europe, Asia-Pacific, and LAMEA. Growing use of zeolites in in thermal and nuclear applications, increased production of bio-based chemicals are the major factors driving the growth of zeolites market in Europe region. Growth of zeolites market in Asia Pacific region is driven by factors such as increased use of zeolites in water treatment plants, detergent industry, nuclear industry and refineries.
Key Question Answered: • What will be the market size in 2025 and at what rate it will grow? • What trends, barriers, challenges are influencing its growth? • Who are the major key players in Global Zeolites Market and what are their strategies? • Which vertical industry is expected to show major growth? • What segment and region will lead the market and why?
The major companies profiled in the report include: Tosoh Corporation, BASF SE, Interra Global Corporation, Arkema Group, Zeochem AG, Zeox Corporation, Honeywell International Inc, Clariant, Eurecat, Yingkou Zhongbao molecular sieve co, .ltd, KNT Group, and Dalian Haixin Chemical Industrial Co. Ltd.
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