Zeolite Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Zeolite MarketThe Zeolite market size was valued at USD 6.39 billion in 2023, and the market is now projected to grow from USD 6.65 billion in 2024 to USD 9.28 billion by 2032, exhibiting a CAGR of 4.2% during the forecast period of 2024-2032.
Zeolite is a natural, solid, crystalline volcanic mineral that is made up of aluminosilicates that contains silica and alumina. Zeolites can be formed naturally or can be synthesized and it is known for its chemical and physical properties.
The pre and post COVID-19 pandemic has created challenges in the global demand of the product because the manufacturers raised their expenditure costs in order to channelize the Zeolite market growth and development. However, the consequent disruption in the supply chain and global lockdown resulted into slowing down of the operations of construction, petroleum and detergent and other industries’ fall of the market.
There is a rapid demand and development in the construction and chemical industrydue to urbanization and industrialization. Additionally, the higher cost of expenditure on the newly developed projects channels the higher demand for detergents for varied applications such as household , laundry, services and textile industries is fueling the expansion zeolite resulting into the expansion of the Zeolite market share globally.
Comprehensive Analysis of Zeolite Market
The Chemicals and Advanced Material industry is rising at an exponential rate due to high demand of Zeolite. This market segmentationeffectively provides a detailed regional assessments considering the dominant supply and demand chain that impact the chemical industry. These segmentations are methodically segregated by Type and By Application. The Zeolite is used for the application of Detergents, Catalysts, and Adsorbents. It is also used in Animal Feed, Wastewater Treatment, Soil Remediation, Construction & Building Materials and others.
The Asia Pacific region shows its dominance and lead in the Zeolite market by benefitting a market size of USD 2.26 billion in 2023 due to increasing infrastructure, industrial and commercial projects on a larger scale.
Honeywell International Inc. (U.S.) Arkema S.A. (France) Tosoh Corporation (Japan) BASF SE (Germany) W. R. Grace & Co. (U.S.) Clariant AG (Switzerland) Zeochem AG (Switzerland) Zeolyst International (U.S.) Bear River Zeolite Co. (U.S.) Blue Pacific Minerals Ltd (New Zealand) St. Cloud Mining (U.S.) Zeotech Corporation (U.S.) Hengye Inc. (U.S.) Shijiazhuang Jianda High-tech Chemical Co., Ltd. (China) KNT Group (Russia) International Zeolite Corp (Canada)
The top players in the market play a crucial role in the Chemical industry assuring industrial prospectus growth and setting market standards. These players include, Honeywell International Inc. (U.S.) Arkema S.A. (France) Tosoh Corporation (Japan) BASF SE (Germany) W. R. Grace & Co. (U.S.) Clariant AG (Switzerland) Zeochem AG (Switzerland) Zeolyst International (U.S.) Bear River Zeolite Co. (U.S.) Blue Pacific Minerals Ltd (New Zealand) St. Cloud Mining (U.S.) Zeotech Corporation (U.S.) Hengye Inc. (U.S.) Shijiazhuang Jianda High-tech Chemical Co., Ltd. (China) KNT Group (Russia) International Zeolite Corp (Canada) these market players provide a level-playing competitive landscape.
In March 2023, International Zeolite launched a new production plant in Ontario, Jordan. This newly developed plan will assure manufacture nutrient deliveryand NEREA products. This facility will channelize and pace up the production of the company’s capacity up to 25 tons per day.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 4.2% from 2024 to 2032
Unit Value (USD Billion); Volume (Million Ton)
Segmentation By Type
Natural
Synthetic
By Application
Natural
-Construction & Building Materials
-Animal Feed
-Wastewater Treatment
-Soil Remediation
-Others
Synthetic
-Detergents
-Catalysts
-Adsorbents
By Geography
North America (By Type, By Application, By Country)
-U.S.
-Canada
-Mexico
Europe (By Type, By Application, By Country)
-Germany
-U.K.
-France
-Italy
-Russia
-Rest of Europe
Asia Pacific (By Type, By Application, By Country)
-China
-India
-Japan
-South Korea
-Rest of Asia Pacific
South America (By Type, By Application, By Country)
-Brazil
-Argentina
-Colombia
-Rest of South America
Middle East & Africa (By Type, By Application, By Country)
-Saudi Arabia
-South Africa
-Egypt
-Turkey
-Nigeria
-Rest of Middle East & Africa