Global Market for Synthetic Zeolite to Expand at 4.4% CAGR Due to Rising Demand from Detergents Industry
The global synthetic zeolite market has been studied in detail in a recent market research report recently published by Transparency Market Research (TMR). The report, titled “Synthetic Zeolite Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, states that the market, which had a valuation of US$1.30 bn in 2013, will expand at a moderate 4.4% CAGR between 2014 and 2020 and reach US$1.76 bn by 2020.
Browse the full Synthetic Zeolite Market for Detergents, Adsorbents, Catalysts and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at https://www.transparencymarketresearch.com/synthetic-zeolites-market.html
The report segments the global synthetic zeolite market on the basis of two criteria: application and geography. On the basis of application, the market is segmented into catalysts, detergents, adsorbents, and other applications such as wound care, dietary supplements, silver zeolite, etc. On the basis of geography, the market has been segmented into Asia Pacific, Europe, North America, and Rest of the World.
Of the key application areas of synthetic zeolite analyzed in the report, the segment of detergents held the leading market position by accounting for over 65% of the global market. Synthetic zeolites are rapidly replacing phosphates in detergents. Phosphates traditionally have been used in large proportion in a variety of detergents. Because phosphates are nutrients that aid growth in animals and plants, their high proportion in water bodies as a result of washed-off detergents can disturb the balance of aquatic ecosystem, causing rapid growth of aquatic plants such as water algae. This can also lead to water pollution, the discharge of phosphates in sewage systems and waste water is regulated in some regions. As a result, industries are adopting strict regulations to control the level of phosphates present in cleaners that are used in industrial processes. This, in turn, is driving the demand for synthetic zeolite.
Of the key regional markets for synthetic zeolite studied in the report, Asia Pacific accounted for the largest share in the global market, an estimated 40%, in 2013. The high demand for synthetic zeolite in this region can be attributed to the high demand for detergents. Demand for synthetic zeolite in Asia Pacific was followed by Europe and North America in the same year. The segment of adsorbents led to the highest demand for synthetic zeolite in North America and Europe in terms of value in 2013. However, the detergents segment surpassed the application segment of adsorbents in terms of volume.
The report also presents an extensive overview of the competitive landscape of the global synthetic zeolite market with the help of detailed business profiles, a SWOT analysis, financial and business data of some of the key companies operating in the market. Recent developments in the market, investment feasibility analysis, and Porter’s five force model analysis. Some of the key companies operating in the market are Zeolyst International Inc, Fujian Risheng Chemical Co.,Ltd., Albemarle Corporation, Anten Chemical Co.,Ltd., W.R. Grace & Company, BASF SE, Chemiewerk Bad Köstritz GmbH, Honeywell International, Inc., Clariant AG, and Huiying Chemical Industry(Quanzhou) Co., Ltd.
The market is segmented as:
Synthetic Zeolite Market - Application Analysis
- Others (Including dietary supplements, wound care, silver zeolite, etc.)
Synthetic Zeolite Market - Regional Analysis
- North America
- Asia Pacific
- Rest of the World
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