BUSINESS: The Worldwide Zeolites Industry Is Expected To Reach $14.1 Billion By 2026 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Global Zeolites Market by Type (Natural, Synthetic), Function (Ion-Exchange, Catalyst, Molecular Sieve), Synthetic Zeolites Application (Detergents, Absorbent, Catalysts), Natural Zeolites Application, and Region – Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The global zeolites market size is estimated to be USD 12.1 billion in 2021 and is projected to reach USD 14.1 billion by 2026, at a CAGR of 3.1% between 2021 and 2026. The market is growing because of the increasing demand for zeolites in fluid catalytic cracking applications (FCC) in the oil & gas industry and petroleum industry.

Zeolites, inorganic materials, are used extensively in the chemical industry as catalysts and adsorbents. Because zeolites are able to selectively sort molecules by using the size exclusion method, they are also called molecular sieves. Zeolites were previously considered porous aluminosilicates that had a high affinity for cations. Depending on the structure of the structural rings, zeolites can be either macroporous or mesoporous. Due to their excellent adsorption, cation-exchange, dehydration-rehydration, and catalysis properties, zeolites are used for wastewater treatment, air purification, and soil treatment.

Natural Zeolites are expected to dominate the zeolites market during 2021-2026

By type, natural zeolite segment is projected to lead the market. Natural zeolites are in high demand due to their use in many applications, including construction and soil remediation, animal feed, wastewater treatment, among others.

Catalyst is expected to dominate the zeolites market, by function, during the forecast period

Based on function, catalyst segment is estimated to account for the largest share of the overall zeolites market, in terms of value, in 2020. The most important inorganic material in the oil and gas production in the petrochemical, oil refining and petrochemical industries is zeolites. They are used in fluid catalytic cracking and hydrocarbon cracking applications. Zeolite catalysts can remove hydrogen from alkanes at acidic sites and reaction sites.

Asia Pacific is expected to dominate the zeolites market during 2021-2026

Asia Pacific dominated the global zeolites market in 2020. This is mainly due to increased demand from countries like India, Japan, China and China for zeolites. China is Asia Pacific’s largest zeolites market. The Asia Pacific region is experiencing a boom in demand for transport fuels.

Market Dynamics

Drivers

Rising Demand for Synthetic Zeolites from the Detergent Industry
Growing Demand for Natural Zeolites from Agriculture Sector
Significant Usage of Zeolites for Catalytic Cracking in Petroleum Industry

Restraints

High Selectivity Leads to Lower Exploitation of Zeolites for Various Applications

Opportunities

Rising Demand for Adsorbents

Challenges

Toxic Nature of Synthetic Zeolites

Companies Mentioned

Albemarle Corporation
Arkema
BASF SE
Chemiewerk Bad Kostritz GmbH
Clariant
Dalian Haixin Chemical Co., Ltd.
Eurecat
Fujian Anten Chemical Co. Ltd
Gordes Zeolite
Gujarat Credo Mineral Industries Ltd (GCMIL)
Gujarat Multi Gas Base Chemicals Pvt. Ltd. (GMGBC)
Honeywell International Inc.
Huiying Chemical Industry(Xiamen) Co., Ltd.
IQE Group
KNT Group
Manek Group
Nalco India
Ningbo Jiahe New Materials Technology Co., Ltd
PQ
Sorbead India
Tosoh Corporation
Union Showa K.K
W. R. Grace & Co.
Zeochem AG
Zeolyst International

For more information about this report visit https://www.researchandmarkets.com/r/jvr2sd

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