Synthetic Zeolites Market Outlook 2017-2023 Opportunities, Industry Analysis, Segmentation and Forecast Report
The market expansion is the result of increasing demand for detergents, growing hygiene awareness among consumers, and rising refining output. Moreover, escalating need for natural products in pet litters, agriculture, and concrete industries is touted to buoy the market growth in the coming years. Furthermore, low-cost and non-toxicity of synthetic zeolites make them desirable to be used for antimicrobial protection including bacteria, yeasts, and spores.
Global Key Players and Competition Analysis
Some of the prominent players operating in the Global Synthetic Zeolites Market are Albemarle Corporation (U.S.), BASF SE (Germany), Honeywell International Inc. (U.S.), Clariant (Switzerland), W. R. Grace & Co.-Conn. (U.S.), Tosoh Corporation (Japan), Union Showa K.K. (Japan), Zeochem AG (Switzerland), Arkema S.A. (France), and Zeolyst International (U.S.) among others.
- Synthetic Zeolites Market
is segmented into the type, and application. Based on the type, the market is further categorized into Zeolite A, Zeolite Y, Zeolite X, Zeolite Zsm-5 segments. The market by application is further categorized into detergents, catalysts, adsorbents, and others. Among these, the catalyst segment accounts for major share of the market owing to boundless use of catalyst in purification, refining and other systems as it increases the aromatic content of refined products. Therefore, the ability of zeolite catalyst to break the complex hydrocarbon molecules into gasoline, diesel, kerosene, waxes are the major reasons behind their growing demand in most of the heavy-end industries.
The Synthetic Zeolites Market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market due to the growing adoption of zeolite pellets in detergents, adsorbents, catalyst, and others. The North America region is growing significantly due to an increased consumption of zeolite molecular sieve in oil & gas, petrochemical, and other industries. It is estimated that the growing innovation and technological advancement are predicted to propel the growth in the countries such as the U.K, Italy, Germany, and France during the forecast period. Moreover, the Middle East & Africa is anticipated to witness a higher growth in the market due to increasing demand for zeolite catalyst in end-use industries.
Synthetic Zeolites are produced from sodium aluminum solution which is acquired by dissolving aluminum oxide hydrate in sodium hydroxide. These materials are manufactured depending on conditions of reaction, acidity, temperature and pressure. They have excellent ability to remove toxic or radioactive ions from water.
Browse the market data and information spread across 138 pages with 36 data tables and 11 figures of the report “Synthetic Zeolites Market Research Report- Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/synthetic-zeolites-market-5018
August, 2018 Market Research Future Published a Half-Cooked Research Report on Global Synthetic Zeolites Market Research Report.
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