The synthetic zeolites market attained $5.3 billion in 2021 and is projected to reach $7.3 billion by 2031, growing at a CAGR of 3.3% from 2022 to 2031.
Powdered synthetic zeolite is a molecular sieve. It is the most effective method for removing water from coatings, sealants, adhesives, and resins. In addition, it is used to communicate information regarding nanoparticles to the visible world. Their primary applications are medicinal, and they provide entry points for the development of numerous Nano-based products. Increasing demand for synthetic zeolites catalyst, adsorbents, and detergent builders is currently driving the need for zeolites in synthetic form.
In the manufacturing of detergents, synthetic zeolites are frequently utilized as binding agents. The institutional, commercial, and industrial sectors' increasing demand for synthetic zeolites as detergents will drive the expansion of the synthetic zeolites market. In addition, rising per capita income and per capita spending, as well as rising awareness regarding the use of home care products, will boost the usage of detergents, which will result in an increase in demand for synthetic zeolites during the forecast period. It is expected that the increase in detergent manufacturing to fulfill the steady demand from the population will stimulate the market for synthetic zeolites for detergent and encourage manufacturers to increase their production and supply of zeolites. Zeolites are a large class of hydrated aluminum silicates, both natural and synthetic. The content of the raw materials and the parameters of the reaction, such as water pressure, acidity, and temperature, determine the creation of synthetic zeolite. Zeolite A, one of the most well-known synthetic zeolites, is used extensively in laundry detergents. X and Y zeolites are utilized for catalytic cracking. Byproducts of petrochemical operations and volatile organic compounds (VOCs) are dangerous to human health and the environment. These are found in sealants, adhesives, solvent-based paints, printing inks, and various consumer products. Chemical and petrochemical industries release the most volatile organic compounds.
Emissions of volatile organic compounds impede respiration and harm the central nervous system. For example, VOC VOC formaldehyde is naturally carcinogenic. Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) have developed tough laws for the management of volatile organic compound (VOC) emissions. This contributes to the rising demand for materials with low VOC levels. Synthetic zeolites have characteristics such as non-flammability, thermal stability, and hydrophobicity, which renders them effective VOC adsorbents. For the elimination of volatile organic compounds, synthetic zeolites have been demonstrated to be more effective than activated carbon. Thus, the increased need for absorbents for the elimination of VOCs presents makers of synthetic zeolites with lucrative growth opportunities. The toxicity of some zeolite dust makes them undesirable. Concerns about the potential toxicity of zeolites used in personal care products have been raised. Even accidental inhalation of these dust particles poses safety and health risks. If inhaled, zeolites, a complex class of silicates, can induce lung illnesses. According to Organization for Economic Co-operation and Development (OECD), Zeolite A, Y, and X can cause mild to moderate eye irritation. As catalysts, synthetic zeolites are susceptible to clogging, which may result in toxicity. Thus, the toxicity of manufactured zeolites is a major challenge in their application.
The synthetic zeolites market is segmented into zeolite type, application, and region. On the basis of zeolite type, the market is divided into zeolite A, type X, type Y, zeolite ZSM-5 and others. On the basis of application, it is categorized into adsorbents, detergents, catalysts, masking agents, wastewater treatment, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global synthetic zeolites market are BASF SE, Albemarle Corporation, Arkema, Clariant, CWK Chemiewerk Bad Köstritz GmbH, Honeywell International Inc., KNT Group, Tosoh Corporation, W. R. Grace & Co. -Conn., Zeolyst International. Other players operating in the market are Huiying Chemical Industry (Quanzhou) Co., Ltd, National Aluminum Company Limited (NALCO), PQ Corporation, and SHOWA DENKO K. K.
Depending on the application, the detergents segment is expected to grow at a CAGR of 3.6%, in terms of revenue, during the forecast period.
Region-wise, Asia-Pacific garnered the highest share in 2021 in terms of revenue.
Powdered synthetic zeolite is a molecular sieve. It is the most effective method for removing water from coatings, sealants, adhesives, and resins. In addition, it is used to communicate information regarding nanoparticles to the visible world. Their primary applications are medicinal, and they provide entry points for the development of numerous Nano-based products. Increasing demand for synthetic zeolites catalyst, adsorbents, and detergent builders is currently driving the need for zeolites in synthetic form.
In the manufacturing of detergents, synthetic zeolites are frequently utilized as binding agents. The institutional, commercial, and industrial sectors' increasing demand for synthetic zeolites as detergents will drive the expansion of the synthetic zeolites market. In addition, rising per capita income and per capita spending, as well as rising awareness regarding the use of home care products, will boost the usage of detergents, which will result in an increase in demand for synthetic zeolites during the forecast period. It is expected that the increase in detergent manufacturing to fulfill the steady demand from the population will stimulate the market for synthetic zeolites for detergent and encourage manufacturers to increase their production and supply of zeolites. Zeolites are a large class of hydrated aluminum silicates, both natural and synthetic. The content of the raw materials and the parameters of the reaction, such as water pressure, acidity, and temperature, determine the creation of synthetic zeolite. Zeolite A, one of the most well-known synthetic zeolites, is used extensively in laundry detergents. X and Y zeolites are utilized for catalytic cracking. Byproducts of petrochemical operations and volatile organic compounds (VOCs) are dangerous to human health and the environment. These are found in sealants, adhesives, solvent-based paints, printing inks, and various consumer products. Chemical and petrochemical industries release the most volatile organic compounds.
Emissions of volatile organic compounds impede respiration and harm the central nervous system. For example, VOC VOC formaldehyde is naturally carcinogenic. Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) have developed tough laws for the management of volatile organic compound (VOC) emissions. This contributes to the rising demand for materials with low VOC levels. Synthetic zeolites have characteristics such as non-flammability, thermal stability, and hydrophobicity, which renders them effective VOC adsorbents. For the elimination of volatile organic compounds, synthetic zeolites have been demonstrated to be more effective than activated carbon. Thus, the increased need for absorbents for the elimination of VOCs presents makers of synthetic zeolites with lucrative growth opportunities. The toxicity of some zeolite dust makes them undesirable. Concerns about the potential toxicity of zeolites used in personal care products have been raised. Even accidental inhalation of these dust particles poses safety and health risks. If inhaled, zeolites, a complex class of silicates, can induce lung illnesses. According to Organization for Economic Co-operation and Development (OECD), Zeolite A, Y, and X can cause mild to moderate eye irritation. As catalysts, synthetic zeolites are susceptible to clogging, which may result in toxicity. Thus, the toxicity of manufactured zeolites is a major challenge in their application.
The synthetic zeolites market is segmented into zeolite type, application, and region. On the basis of zeolite type, the market is divided into zeolite A, type X, type Y, zeolite ZSM-5 and others. On the basis of application, it is categorized into adsorbents, detergents, catalysts, masking agents, wastewater treatment, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global synthetic zeolites market are BASF SE, Albemarle Corporation, Arkema, Clariant, CWK Chemiewerk Bad Köstritz GmbH, Honeywell International Inc., KNT Group, Tosoh Corporation, W. R. Grace & Co. -Conn., Zeolyst International. Other players operating in the market are Huiying Chemical Industry (Quanzhou) Co., Ltd, National Aluminum Company Limited (NALCO), PQ Corporation, and SHOWA DENKO K. K.
Key findings of the study
On the basis of zeolite type, the type Y segment is expected to grow at a CAGR of 3.7%, in terms of revenue, during the forecast period.Depending on the application, the detergents segment is expected to grow at a CAGR of 3.6%, in terms of revenue, during the forecast period.
Region-wise, Asia-Pacific garnered the highest share in 2021 in terms of revenue.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the synthetic zeolites market analysis from 2021 to 2031 to identify the prevailing synthetic zeolites market opportunities.
- Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the synthetic zeolites market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global synthetic zeolites market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
- Adsorbents
- Detergents
- Catalysts
- Masking agent
- Wastewater Treatment
- Others
By Zeolite type
- Zeolite A
- Type X
- Type Y
- Zeolite ZSM 5
- Others
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Clariant
- tosoh corporation
- KNT Group
- W. R. Grace & Co. -Conn.
- zeolyst international
- CWK Chemiewerk Bad Köstritz GmbH
- BASF SE
- Albemarle Corporation
- Arkema
- Honeywell International Inc.
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market
3.6. Value Chain Analysis
3.7. Patent Landscape
3.8. Pricing Analysis
3.9. Regulatory Guidelines
CHAPTER 4: SYNTHETIC ZEOLITES MARKET, BY ZEOLITE TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Zeolite A
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Type X
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4 Type Y
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5 Zeolite ZSM 5
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country
4.6 Others
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market share analysis by country
CHAPTER 5: SYNTHETIC ZEOLITES MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Adsorbents
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Detergents
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Catalysts
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5 Masking agent
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
5.6 Wastewater Treatment
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market share analysis by country
5.7 Others
5.7.1 Key market trends, growth factors and opportunities
5.7.2 Market size and forecast, by region
5.7.3 Market share analysis by country
CHAPTER 6: SYNTHETIC ZEOLITES MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Zeolite type
6.2.3 North America Market size and forecast, by Application
6.2.4 North America Market size and forecast, by country
6.2.4.1 U. S.
6.2.4.1.1 Key market trends, growth factors and opportunities
6.2.4.1.2 Market size and forecast, by Zeolite type
6.2.4.1.3 Market size and forecast, by Application
6.2.4.2 Canada
6.2.4.2.1 Key market trends, growth factors and opportunities
6.2.4.2.2 Market size and forecast, by Zeolite type
6.2.4.2.3 Market size and forecast, by Application
6.2.4.3 Mexico
6.2.4.3.1 Key market trends, growth factors and opportunities
6.2.4.3.2 Market size and forecast, by Zeolite type
6.2.4.3.3 Market size and forecast, by Application
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Zeolite type
6.3.3 Europe Market size and forecast, by Application
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Key market trends, growth factors and opportunities
6.3.4.1.2 Market size and forecast, by Zeolite type
6.3.4.1.3 Market size and forecast, by Application
6.3.4.2 UK
6.3.4.2.1 Key market trends, growth factors and opportunities
6.3.4.2.2 Market size and forecast, by Zeolite type
6.3.4.2.3 Market size and forecast, by Application
6.3.4.3 France
6.3.4.3.1 Key market trends, growth factors and opportunities
6.3.4.3.2 Market size and forecast, by Zeolite type
6.3.4.3.3 Market size and forecast, by Application
6.3.4.4 Spain
6.3.4.4.1 Key market trends, growth factors and opportunities
6.3.4.4.2 Market size and forecast, by Zeolite type
6.3.4.4.3 Market size and forecast, by Application
6.3.4.5 Italy
6.3.4.5.1 Key market trends, growth factors and opportunities
6.3.4.5.2 Market size and forecast, by Zeolite type
6.3.4.5.3 Market size and forecast, by Application
6.3.4.6 Rest of Europe
6.3.4.6.1 Key market trends, growth factors and opportunities
6.3.4.6.2 Market size and forecast, by Zeolite type
6.3.4.6.3 Market size and forecast, by Application
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Zeolite type
6.4.3 Asia-Pacific Market size and forecast, by Application
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Key market trends, growth factors and opportunities
6.4.4.1.2 Market size and forecast, by Zeolite type
6.4.4.1.3 Market size and forecast, by Application
6.4.4.2 India
6.4.4.2.1 Key market trends, growth factors and opportunities
6.4.4.2.2 Market size and forecast, by Zeolite type
6.4.4.2.3 Market size and forecast, by Application
6.4.4.3 Japan
6.4.4.3.1 Key market trends, growth factors and opportunities
6.4.4.3.2 Market size and forecast, by Zeolite type
6.4.4.3.3 Market size and forecast, by Application
6.4.4.4 South Korea
6.4.4.4.1 Key market trends, growth factors and opportunities
6.4.4.4.2 Market size and forecast, by Zeolite type
6.4.4.4.3 Market size and forecast, by Application
6.4.4.5 Australia
6.4.4.5.1 Key market trends, growth factors and opportunities
6.4.4.5.2 Market size and forecast, by Zeolite type
6.4.4.5.3 Market size and forecast, by Application
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Key market trends, growth factors and opportunities
6.4.4.6.2 Market size and forecast, by Zeolite type
6.4.4.6.3 Market size and forecast, by Application
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Zeolite type
6.5.3 LAMEA Market size and forecast, by Application
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Key market trends, growth factors and opportunities
6.5.4.1.2 Market size and forecast, by Zeolite type
6.5.4.1.3 Market size and forecast, by Application
6.5.4.2 Saudi Arabia
6.5.4.2.1 Key market trends, growth factors and opportunities
6.5.4.2.2 Market size and forecast, by Zeolite type
6.5.4.2.3 Market size and forecast, by Application
6.5.4.3 South Africa
6.5.4.3.1 Key market trends, growth factors and opportunities
6.5.4.3.2 Market size and forecast, by Zeolite type
6.5.4.3.3 Market size and forecast, by Application
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Key market trends, growth factors and opportunities
6.5.4.4.2 Market size and forecast, by Zeolite type
6.5.4.4.3 Market size and forecast, by Application
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Players
7.4. Top player positioning, 2021
7.5. Competitive Dashboard
7.6. Competitive Heatmap
7.7. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 Clariant
8.1.1 Company overview
8.1.2 Key Executives
8.1.3 Company snapshot
8.1.4 Operating business segments
8.1.5 Product portfolio
8.1.6 Business performance
8.1.7 Key strategic moves and developments
8.2 CWK Chemiewerk Bad Köstritz GmbH
8.2.1 Company overview
8.2.2 Key Executives
8.2.3 Company snapshot
8.2.4 Operating business segments
8.2.5 Product portfolio
8.2.6 Business performance
8.2.7 Key strategic moves and developments
8.3 zeolyst international
8.3.1 Company overview
8.3.2 Key Executives
8.3.3 Company snapshot
8.3.4 Operating business segments
8.3.5 Product portfolio
8.3.6 Business performance
8.3.7 Key strategic moves and developments
8.4 W. R. Grace & Co.-Conn.
8.4.1 Company overview
8.4.2 Key Executives
8.4.3 Company snapshot
8.4.4 Operating business segments
8.4.5 Product portfolio
8.4.6 Business performance
8.4.7 Key strategic moves and developments
8.5 KNT Group
8.5.1 Company overview
8.5.2 Key Executives
8.5.3 Company snapshot
8.5.4 Operating business segments
8.5.5 Product portfolio
8.5.6 Business performance
8.5.7 Key strategic moves and developments
8.6 BASF SE
8.6.1 Company overview
8.6.2 Key Executives
8.6.3 Company snapshot
8.6.4 Operating business segments
8.6.5 Product portfolio
8.6.6 Business performance
8.6.7 Key strategic moves and developments
8.7 Albemarle Corporation
8.7.1 Company overview
8.7.2 Key Executives
8.7.3 Company snapshot
8.7.4 Operating business segments
8.7.5 Product portfolio
8.7.6 Business performance
8.7.7 Key strategic moves and developments
8.8 Arkema
8.8.1 Company overview
8.8.2 Key Executives
8.8.3 Company snapshot
8.8.4 Operating business segments
8.8.5 Product portfolio
8.8.6 Business performance
8.8.7 Key strategic moves and developments
8.9 tosoh corporation
8.9.1 Company overview
8.9.2 Key Executives
8.9.3 Company snapshot
8.9.4 Operating business segments
8.9.5 Product portfolio
8.9.6 Business performance
8.9.7 Key strategic moves and developments
8.10 Honeywell International Inc.
8.10.1 Company overview
8.10.2 Key Executives
8.10.3 Company snapshot
8.10.4 Operating business segments
8.10.5 Product portfolio
8.10.6 Business performance
8.10.7 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Synthetic Zeolites Market,' The synthetic zeolites market was valued at $5.3 billion in 2021, and is estimated to reach $7.3 billion by 2031, growing at a CAGR of 3.3% from 2022 to 2031.Synthetic zeolites, a family of inorganic silicate materials, are widely used as heterogeneous catalysts in numerous conventional and new catalytic processes. The aluminosilicate forms of these materials are highly well-known due to their considerable employment in the petrochemical sector as shape-selective, Brnsted acid catalysts, with the fluid catalytic cracking (FCC) of petroleum crude oil serving as an illustrative example. Recently, similar zeolites with high Lewis acidity levels have also been produced.
Zeolites are synthetic or naturally occurring hydrated aluminosilicate minerals that are commercially employed as catalysts and adsorbents and consist of alkali and alkaline metals. Natural zeolites are abundant; yet, they offer a limited variety of atomic shapes and characteristics. In contrast to natural zeolites, manufactured zeolites have wider voids and consequently an extensive spectrum of characteristics. Therefore, a number of zeolites are produced annually throughout the world to serve a variety of purposes. The progressive crystallization of silica-alumina gel in the presence of alkalis and organic templates produces synthetic zeolite. Sol-gel processing is a necessary step in the production of synthetic zeolite.
Zeolites (A-type, LTA) in detergents are essentially water softeners that prevent carbonate precipitation from wash water by removing calcium and magnesium cations by sodium ion exchange. The enormous pore capacity of Zeolite X allows liquid soaps to be included in washing powders without causing caking. The significant growth of the zeolite detergent business over the past ten years has been driven by the increasing public awareness of environmental issues and the subsequent ban on the use of phosphate builders. To date, almost 90% of the production of zeolite A for use in detergents has been consumed in Europe, the U.S.,, and Japan, with the Asia-Pacific area predicted to show the greatest development potential.
The chemical industry uses zeolite Y in two significant ways. First, this type of material is utilized in procedures involving organic synthesis or biochemistry to eliminate contaminants from solvents such as acetone or octane due to their huge surface areas and higher reactivity rates compared to other types of zeolites. Second, chemical manufacturing businesses frequently use these materials as adsorbents for water or volatile organic compounds (VOCs) because they are more effective at removing refinery emissions containing mercaptans, amines, and chlorine. In addition, zeolite-Y can be utilized to remove hydrogen sulfide (HSS) from the process of transforming heavy petroleum oils into lighter products with less sulfur-hydrocarbon contaminants for simpler storage, transportation, and burning.
Synthetic zeolites are more expensive due to the high energy expenditures connected with their production process. Zeolites may be made in the lab in a matter of hours to days, with high thermal stability, controlled pore size, and surface properties of the adsorbent. This creates a far more homogeneous product than naturally occurring zeolites, although at a little greater cost. From numerous sources with various chemical compositions and Physico-chemical characteristics, synthetic zeolite can be created. In the presence of alkalis and organic templates, synthetic zeolites are typically produced through the gradual crystallization of a silica-alumina gel. Interestingly, this procedure might be used to create a wide variety of structures. Due to variations in raw material, compounding, filing, and processing costs, synthetic zeolites prices may also fluctuate substantially. High production costs may function as a hurdle to market expansion.
Byproducts of petrochemical operations and volatile organic compounds (VOCs) are dangerous to human health and the environment. These are found in sealants, adhesives, solvent-based paints, printing inks, and various consumer products. Chemical and petrochemical industries release the most volatile organic compounds. Emissions of volatile organic compounds impede respiration and harm the central nervous system. For example, VOC formaldehyde is naturally carcinogenic. Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) have developed tough laws for the management of volatile organic compound (VOC) emissions. This contributes to the rising demand for materials with low VOC levels. Synthetic zeolites have characteristics such as non-flammability, thermal stability, and hydrophobicity, which renders them effective VOC adsorbents. For the elimination of volatile organic compounds, synthetic zeolites have been demonstrated to be more effective than activated carbon. Thus, the increased need for absorbents for the elimination of VOCs presents makers of synthetic zeolites with lucrative growth opportunities.
For the purpose of analysis, the global performance elastomers market scope covers segmentation based on zeolite type, application, and region. The report provides information on various zeolite types, including zeolite A, type X, type Y, zeolite ZSM-5, and others. Furthermore, the application covered in the study includes adsorbents, detergents, catalysts, masking agents, wastewater treatment, and others. In addition, it analyzes the current market trends across different regions, such as North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global synthetic zeolites market are BASF SE, Albemarle Corporation, Arkema, Clariant, CWK Chemiewerk Bad Köstritz GmbH, Honeywell International Inc., KNT Group, Tosoh Corporation, W. R. Grace & Co.-Conn., Zeolyst International.
Key findings of the study
On the basis of zeolite type, the type Y segment is expected to grow at a CAGR of 3.7%, in terms of revenue, during the forecast period.Depending on the application, the detergents segment is expected to grow at a CAGR of 3.6%, in terms of revenue, during the forecast period.
Region-wise, Asia-Pacific garnered the highest share in 2021 in terms of revenue.
Companies Mentioned
- Clariant
- Tosoh Corporation
- Knt Group
- W. R. Grace & Co.-Conn.
- Zeolyst International
- Cwk Chemiewerk Bad Köstritz GmbH
- BASF SE
- Albemarle Corporation
- Arkema
- Honeywell International Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 300 |
| Published | November 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 5.3 billion |
| Forecasted Market Value ( USD | $ 7.3 billion |
| Compound Annual Growth Rate | 3.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
