The Global Zeolite Market Forecast to 2028 - Synthetic Segment to Register the Highest CAGR of 6.6% in Terms of Revenue from 2021 to 2028

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Dec 08, 2021, 10:45 ET

DUBLIN, Dec. 8, 2021 /PRNewswire/ -- The "Zeolite Market Size, Share & Trends Analysis Report By Product (Natural, Synthetic), By Application (Adsorbents, Catalysts, Detergent Builders), By Region, And Segment Forecasts, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.

The global zeolite market size is expected to reach USD 44.24 billion by 2028. It is expected to expand at a CAGR of 6.5% from 2021 to 2028. 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 the market growth in the coming years.

Zeolites are alumino silicate minerals that are microporous in nature. The U.S. FDA has approved the use of sodium alumino silicate for direct contact with consumable products. However, according to the OSHA Hazard Communication Standard under 29 CFR 1910.1200, the products are classified as hazardous chemicals. Increased exposure to such products is associated with an increased risk for developing malignant mesothelioma; thus stringent government regulations are positively influencing the market growth.

Zeolite chemical compositions are extensively used in several industries, including medical, petroleum, detergents, and animal feed. Growing demand for zeolites as a platform for drug delivery is augmenting the market growth as the products are used for drug delivery owing to their hydrophilicity structures.

Europe is anticipated to register a lucrative growth rate over the forecast period. The government of Russia has developed certain scientific programs for environmental conservation with the help of zeolites by utilizing them for waste water treatment, purifying and drying of gas, and the preparation of drinking water. This is expected to increase the demand for zeolites over the forecast years.

Rising focus on producing environmentally safe products has led to the utilization of zeolites as a replacement for phosphorus for manufacturing detergents. Zeolite detergents have proven to be more successful in the removal of dirt and any other foreign particles. This has resulted in tremendous growth of the market.

Zeolite Market Report Highlights

Based on product, the synthetic segment is likely to register the highest CAGR of 6.6% in terms of revenue from 2021 to 2028 owing to the increasing demand for water purification and filtration
In terms of application, detergent builders held the largest revenue share of over 55.0% in 2020 and are expected to maintain their position over the forecast period. This can be credited to the growing detergent industry owing to the rising concern sover cleanliness
Europe held the second-largest share in 2020 in terms of revenue on account of the rising preference for capacity expansions by producers, especially in the chemical industry
In North America, the U.S. held the largest revenue share of over 75.0% in 2020. Rising advancement in the medical industry, particularly for the drug delivery systems, is expected to prove fruitful for the market growth during the coming years

Companies Mentioned

International Zeolite Corp.
Blue Pacific Minerals
Cooperative La Minera ltda
Gordes Zeolite
Imerys
BASF SE
KMI Zeolite
Rota Mining Corporation
Zeolyst International

Key Topics Covered:

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope and Assumptions
1.3. List of Data Sources

Chapter 2. Executive Summary
2.1. Market Snapshot, 2020 (USD Million)
2.2. Segmental Outlook

Chapter 3. Zeolite Market Variables, Trends, and Scope
3.1. Market Segmentation & Scope
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Major Raw Material Trends
3.3.2. List of Key End-Users
3.4. Technology Overview
3.5. Regulatory Framework
3.6. Impact of COVID-19
3.7. Market Dynamics
3.7.1. Market Driver Analysis
3.7.2. Market Restraint Analysis
3.7.3. Industry Opportunity
3.7.4. Industry Challenge
3.8. SWOT Analysis, By Factor (Demographic, Political & Legal, Economic, Ecological, Socio-culture and Technological)
3.9. Industry Analysis - Porter's Five Forces
3.9.1. Supplier Power
3.9.2. Buyer Power
3.9.3. Substitution Threat
3.9.4. Threat from New Entrant
3.9.5. Competitive Rivalry
3.10. PESTEL Analysis

Chapter 4. Zeolite Market: Product Estimates & Forecasts
4.1. Definition & Scope
4.2. Product Movement Analysis, 2020 & 2028
4.3. Natural
4.3.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
4.4. Synthetic
4.4.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)

Chapter 5. Zeolite Market: Application Outlook Estimates & Forecasts
5.1. Definition & Scope
5.2. Application Movement Analysis, 2020 & 2028
5.3. Adsorbents
5.4. Catalysts
5.5. Detergent Builders
5.6. Others

Chapter 6. Zeolite Market Regional Outlook Estimates & Forecasts
6.1. Zeolite Market: Regional Movement Analysis, 2020 & 2028
6.2. North America
6.3. Europe
6.4. Asia Pacific
6.5. Central & South America
6.6. Middle East & Africa

Chapter 7. Competitive Analysis
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company Categorization (Key Innovators, Market Leaders, Emerging Players)
7.3. Vendor Landscape
7.3.1. Company Market Position Analysis (Revenue, Geographic Presence, Product Portfolio, Key Serviceable Industries, Key Alliances)
7.3.2. Synergy Analysis: Major Deals & Strategic Alliances
7.3.3. List of Key Suppliers or Traders

Chapter 8. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/yr7352

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