Global Zeolites Market - 2023-2030

Market Overview

The global zeolites market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 3.40% during the forecast period (2023-2030).

Zeolites are aluminosilicate minerals that occur at a low temperature of less than 200°C and their alteration products are volcanic and feldspathic rocks. Zeolites are well known in basalt cavities, having crystallized due to diagenetic or hydrothermal alteration. It replaces rhyolitic tuff in saline-alkaline lacustrine environments or through groundwater percolation. The thick sediment sequences from arc-source terranes contain several kinds of zeolite formed through diagenetic alteration and very low-grade metamorphism. The occurrences of zeolites have major economic significance as they affect the porosity of reservoir rocks and produce useful rocks.

Market Dynamics

The increased demand for catalysts, adsorbents and detergents

Zeolites are used in manufacturing less technically complex antiseptics with low production costs. Antibacterial protection against spores, yeasts and bacteria is becoming increasingly popular in modernity. The growing demand for zeolites growth has stemmed from increased demand for catalysts, adsorbents and detergents due to their inexpensive cost and non-toxicity.

The high toxicity and ability to cause severe degradation to human health

Zeolites are a complicated set of silicates that can induce lung illness if breathed. Synthetic zeolites are prone to clogging when employed as catalysts, which can lead to toxicity. As a result, toxicity is a significant drawback of using manufactured zeolites. Thus, the high toxicity and ability to cause severe degradation to human health is a major market restraint for the global zeolite market, capable of reducing their demand and sales.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global zeolites market is segmented based on type, application, end-user and region.

Increased awareness about the health benefits of clean air

The air purification end-user segment dominates the global zeolite market due to the increasing demand for air purifiers in residential and commercial settings. In residential settings, people are becoming increasingly aware of the negative effects of indoor air pollution on their health. They are investing in air purifiers to remove pollutants such as VOCs, dust and allergens from their homes. The increased awareness of the health benefits of clean air has led to a growing demand for air purifiers in residential settings.

Geographical Analysis

Increasing environmental awareness, governmental regulations and initiatives to reduce air pollution and the presence of a well-developed manufacturing industry

The Asia-Pacific region has a large population, which leads to high demand for air purifiers in residential and commercial settings. Governments in the Asia-Pacific have implemented regulations and initiatives to improve indoor air quality, which has increased the demand for zeolites. Many Asian-Pacific countries have a well-developed manufacturing industry and zeolite manufacturers, which helps keep costs low and availability high. Further, the increasing awareness of air pollution in Asia-Pacific has led to a growing demand for zeolite air purifiers as people become more concerned about their health and air quality.

Competitive Landscape

The major global players in the market include Honeywell International Inc, Arkema Group, BASF SE, Clariant, SHOWA DENKO KK, Tosoh Corporation, W. R. Grace & Co., ZEOCEM AS, Zeolyst International Inc. and Zeomex.

Why Purchase the Report?

• To visualize the global zeolites market segmentation based on type, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of zeolites market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global zeolites market report would provide approximately 61 tables, 60 figures and 198 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies