Global zeolite market size was valued at USD 27.9 billion in 2014 and is expected to witness significant growth over the next seven years owing to growing demand for detergents, increasing hygiene awareness among consumers and rising refining output. Furthermore, escalating need for natural products in pet litters, agriculture and concrete industries is expected to increase market share over the forecast period.
Rising disposable income along with growing focus on environmental protection is expected to augment industry growth particularly in Asia Pacific, Latin America, and MEA. Also, improving infrastructure in these regions is expected to propel consumption over the forecast period.
Low cost and non-toxicity of the product allow them to be used for antimicrobial protection including bacteria, yeasts, and spores. Increasing zeolite antiseptics use in end-use application is expected to augment growth over the forecast period. Zeolite requires low technical complexity and initial infrastructure investment. Also, high demand for catalysts, adsorbents, and builders has resulted in significant growth.
Technological innovations aimed at improving manufacturing processes coupled with low complexity in the production are expected to have a positive impact on the industry. However, the threat of substitution as catalysts is expected to restrain demand over the next seven years.
Natural zeolite dominated the global market accounting for over 60% in 2014. Availability of reserves globally and rising demand from concrete, water treatment, and pet litter applications are expected to augment growth over the next seven years. Moreover, escalating product demand from China, Brazil and India is expected to have a positive impact on the industry.
Synthetic zeolite is expected to grow at a CAGR of over 2.5% in terms of volume from 2015 to 2022 owing to increasing need from detergent industry. Consumer awareness regarding health and hygiene has led to increased use of these products in water treatment. Also, they are increasingly used in oil & gas industry which is expected to have a positive impact over the forecast period.
Zeolite is employed in numerous applications including catalysts, adsorbents, and detergent builders. The detergent builder was the largest application segment in 2014 valued over USD 19,000.0 million of global revenue. It is expected to grow significantly as a result of rising consumption as ion exchangers. Furthermore, properties including low toxicity, high chemical stability, minimized fiber damage, and decreased graying of clothes are expected to augment demand in detergents over the next seven years.
Product demand in adsorbents is expected to grow at CAGR of over 1.5% from 2015 to 2022 in light of high demand from applications including water treatment, air separation & drying, packaging, gas separation, and petroleum refining. Moreover, government initiatives promoting the use of the product for water treatment in various regions coupled with increasing application in oil & gas industry is expected to drive market growth over the next seven years.
Europe was the dominant market in 2014, accounting for over 1,600 kilo tons in 2014 owing to government support for the production of bio-based chemicals, utilization in the disposal of nuclear waste and abundance of the natural zeolite in Russia and Turkey. Moreover, increasing application scope of the product in wastewater treatment and purification & drying of gases in Europe is expected to augment the industry over the forecast period.
Asia Pacific is expected to witness significant rise with CAGR of over 3.0% in terms of volume from 2015 to 2022 on account of growing infrastructure investment in China, India, Indonesia, Malaysia, and other Southeast Asian countries.
The market for zeolite is fragmented with numerous players present globally. Key companies include Tosoh Corporation, Arkema Group, BASF SE, Interra Global Corporation, UOP LLC, Zeochem AG, Grace Catalysts Technologies, Tricat Group, Zeox Corporation, Clariant, and KNT Group.
These manufacturers employ various strategies to strengthen their position in global zeolite market including capacity expansion in Asia Pacific and Europe to adhere to rising demand in the regions.
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