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The Global Synthetic Zeolite Market Size accounted for USD 4,825 Million in 2021 and is estimated to achieve a market size of USD 6,808 Million by 2030 growing at a CAGR of 4% from 2022 to 2030. The rising need for synthetic zeolites in industries such as oil and gas, chemical, construction, and environmental remediation is driving the synthetic zeolite market growth. Furthermore, the discovery of novel applications for synthetic zeolites, such as in the food and medical sector, is expected to propel the synthetic zeolite market value over the forecasting year.
Synthetic Zeolite Market Report Key Highlights
Zeolites are synthetic or naturally hydrated aluminosilicate minerals that are used as commercial catalysts and adsorbents and contain alkali and alkaline metals. Natural zeolites are available in abundance; however, they offer a limited range of atomic structures and properties. Contrarily, synthetic zeolites offer larger cavities, and thus, an ample range of properties as compared to natural zeolites. Hence, there are a number of zeolites manufactured across the globe, annually, to cater to a variety of applications.
Global Synthetic Zeolite Market Trends
Market Drivers
Market Restraints
Market Opportunities
Synthetic Zeolite Market Report Coverage
Market | Synthetic Zeolite Market |
Synthetic Zeolite Market Size 2021 | USD 4,825 Million |
Synthetic Zeolite Market Forecast 2030 | USD 6,808 Million |
Synthetic Zeolite Market CAGR During 2022 - 2030 | 4% |
Synthetic Zeolite Market Analysis Period | 2018 - 2030 |
Synthetic Zeolite Market Base Year | 2021 |
Synthetic Zeolite Market Forecast Data | 2022 - 2030 |
Segments Covered | By Product, By Application, And By Geography |
Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled | Zeolyst International Inc., Albemarle Corporation, Fujian Risheng Chemical Co. Ltd., W.R. Grace & Company, Anten Chemical Co. Ltd., BASF SE, Chemiewerk Bad Kostritz GmbH, Clariant AG, Honeywell International Inc., and Huiying Chemical Industry Co. Ltd. |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Synthetic zeolite is developed through the slow crystallization of silica-alumina gel in presence of alkalis and organic templates. Sol-gel processing is an important step involved in the manufacture of synthetic zeolite. Zeolite is used in a wide range of industrial and domestic applications including nuclear, petrochemical, and biogas production industries. The majority of synthetic zeolites manufactured are used in the detergents industry. Synthetic zeolites are environmental-friendly and are increasingly used as an alternative over phosphates as a raw material in detergent manufacturing. The growing population is expected to boost the demand for detergents, which, in turn, is projected to drive the demand for synthetic zeolites. Synthetic zeolites also find application in the petrochemical industry as catalysts. They are popularly used in fluid catalytic cracking and hydrocracking of petroleum. Thus, the growing petrochemical sector is expected to boost the adoption of synthetic zeolites. Synthetic zeolite is also used as an additive in the production of asphalt concrete. Another major application of synthetic zeolite is as an adsorbent. Zeolite molecular sieves are employed as adsorbents by various end-use industries.
Synthetic Zeolite Market Segmentation
The worldwide synthetic zeolite market segmentation is based on the product, application, and geography.
Synthetic Zeolite Market By Product
According to the synthetic zeolite industry analysis, the zeolite A segment held the largest market share in 2021. Zeolite A also referred to as sodium zeolite, is a synthetic zeolite, which is commonly used in water softeners, detergents, and catalysis. The rising demand from end-user industries is anticipated to propel the market for Zeolite A at a moderate rate in the upcoming years. Zeolite A is employed as a catalyst in the manufacturing of chemicals such as detergents, petroleum, and polymers. It is also utilized in the manufacture of treatment processes, which are employed to eliminate ions that cause water hardness.
Synthetic Zeolite Market By Application
According to the synthetic zeolite market forecast, the catalyst segment is predicted to increase significantly in the coming years. The chemical industry is one of the largest end-user industries in synthetic zeolites, capturing a sizable portion of the market. Synthetic zeolites are employed as catalysts in the manufacture of chemicals such as detergents, gasoline, and chemicals. Zeolite A is a synthetic zeolite that is commonly employed as a catalyst in the chemical process industries. It is used to make anionic surfactants, that are employed for domestic and industrial cleaning.
Synthetic Zeolite Market Regional Outlook
North America
Europe
Asia-Pacific
Latin America
The Middle East & Africa
Asia-Pacific Holds The Largest Share Of The Global Synthetic Zeolite Market
Asia-Pacific is expected to be the fastest-growing region in terms of demand for synthetic zeolites, owing to high demand from detergent manufacturers. Phosphate-based detergents are almost totally replaced by zeolites in North America and Europe, leaving low scope for growth in the region. However, the market is expected to be compensated by growth in Asia-Pacific and RoW. Adsorbents and catalysts applications are likely to grow at a fast pace in North America and Europe during the forecast period.
Synthetic Zeolite Market Players
Some of the top synthetic zeolite market companies offered in the professional report include Zeolyst International Inc., Albemarle Corporation, Fujian Risheng Chemical Co. Ltd., W.R. Grace & Company, Anten Chemical Co. Ltd., BASF SE, Chemiewerk Bad Kostritz GmbH, Clariant AG, Honeywell International Inc., and Huiying Chemical Industry Co. Ltd.
The estimated value of global synthetic zeolite market in 2021 was accounted to be USD 4,825 Million.
The projected CAGR synthetic zeolite market during the analysis period of 2022 to 2030 is 4%.
The prominent players of the global synthetic zeolite market are Zeolyst International Inc., Albemarle Corporation, Fujian Risheng Chemical Co. Ltd., W.R. Grace & Company, Anten Chemical Co. Ltd., BASF SE, Chemiewerk Bad Kostritz GmbH, Clariant AG, Honeywell International Inc., and Huiying Chemical Industry Co. Ltd.
Asia-Pacific held the dominating synthetic zeolite during the analysis period of 2022 to 2030.
Asia-Pacific region exhibited fastest growing CAGR for synthetic zeolite during the analysis period of 2022 to 2030.
Rising demand for synthetic zeolites in various industries, such as chemical, oil and gas, construction, and environmental remediation drives the growth of global synthetic zeolite market.
Based on product, zeolite A segment is expected to hold the maximum share of the synthetic zeolite market.
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