PUBLISHER: Market Research Future | PRODUCT CODE: 1744415
PUBLISHER: Market Research Future | PRODUCT CODE: 1744415
Report Information on India Zeolites Market Research by Type (Natural and Synthetic), Function (Ion-Exchange, Catalyst, Molecular Sieve and Others), Application, End Use Industry and Region. By Application (Detergents, Absorbent, Catalysts, Construction Materials, Soil Remediation, Animal Feed, Adsorption & Filtration and Others) Forecast to 2032
The India Zeolites Market's CAGR (growth rate) is anticipated to be approximately 4.3% over the course of the projected year, according to MRFR analysis.
Numerous factors are driving numerous significant trends in the Indian zeolites market. Since farmers are using zeolite-based fertilizers and soil additives to improve soil health and crop yields, the growing demand for zeolites in the agricultural sector is significant. Government programs encouraging sustainable farming methods are supporting this development. Furthermore, the increasing focus on water purification and treatment in India is leading to a boom in the use of zeolites since they efficiently eliminate contaminants and hard minerals from water sources, supporting national goals to guarantee clean drinking water for all residents.
The growing need for zeolites across a range of industries, including water treatment, medicines, and agriculture, is driving the India Zeolites Market Industry's notable expansion. Due to the country's expanding population, the Indian agriculture industry is expected to rise, which will raise demand for zeolites-based fertilizers and soil conditioners. With an anticipated growth rate of 3.6% annually, the nation's agricultural output has demonstrated a good trend, according to the Ministry of Agriculture and Farmers Welfare. As a result, some businesses, including the Indian Farmers Fertilizer Cooperative (IFFCO), are investigating the use of zeolite to improve soil health and agricultural yields. Thus, one of the main factors propelling the Indian zeolite market is the agriculture sector's steady expansion.
Perspectives on Market Segments
Type, Function, Application, End Use Industry, and Region are the factors used to segment the zeolites market.
The market is divided into two segments based on type: natural and synthetic.
The market is divided into segments based on function, such as molecular sieve, catalyst, and ion-exchange.
The market is divided into segments based on application, including adsorption and filtration, construction materials, soil remediation, animal feed, detergents, absorbents, and catalysts.
The market is divided into segments based on end-use industries, including chemicals, petrochemicals, construction, agricultural and animal husbandry, water and wastewater treatment, and oil and gas.
The market for zeolites has been divided into four regions: north, south, east, and west India. With a 33.54% market share in 2023, the south Indian region led the industry and is anticipated to grow at a CAGR of 4.5% during the projected period.
Important Players
Hindustan Zinc, Feldspar India, Satyam Magnetics, National Fertilizers Limited, Sanjay Chemicals, Rashtriya Chemical and Fertilizers, Tata Chemicals, BASF, Gujarat Mineral Development Corporation, Vikram Chhaya, Saurav Chemicals, Alchem Chemical, Jain Irrigation Systems, and Hindustan Petroleum Corporation Limited are some of the major players in the Indian zeolites market.