Zeolite Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Zeolite Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global zeolite market size reached 2.1 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 2.4 Million Tons by 2028, exhibiting a growth rate (CAGR) of 2.3% during 2023-2028.

Zeolites are solid minerals made using silicon, oxygen, and aluminum, which form a framework of cavities to hold water or other small molecules. They are three-dimensional crystalline structures with gaps that are either mined from the volcanic rocks or synthesized industrially on a large scale from aluminosilicate gels. They have interconnected channels of distinct sizes and shapes due to diverse crystal structures and chemical compositions. At present, they find extensive applications in the refinery, biogas, construction, detergents, agriculture, medical, and nuclear industries across the globe.

Zeolite Market Trends:

At present, there is a rise in the utilization of zeolites in the detergent industry as a substitute for phosphates due to their water softening properties. This, along with their increasing employment in the petrochemical industry as a catalyst for accelerating chemical reactions, represents one of the key factors driving the market. Moreover, there is a rise in the usage of zeolites in the production of high-quality transportation fuels and chemical products on account of their stability, cleansing ability, and superior activity. This, coupled with stringent regulations implemented by governments of several countries to use cleaner fuels is propelling the growth of the market. In addition, the rising employment of zeolites in the water treatment industry to adsorb various materials in drying, purifying, and separating processes is positively influencing the market. Besides this, the growing usage of zeolites in fertilizers and soil amendment procedures due to their high ion exchange and water retention capacity is catalyzing the demand for zeolites around the world.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global zeolite market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type and application.

Breakup by Type:

Natural
Synthetic

At present, natural zeolites dominate the market due to their unique structure.

Breakup by Application:

Construction Material
Detergent
Animal Feed
Catalyst
Absorbent
Soil Remediation
Others

Zeolites currently find extensive application in construction materials around the world.

Breakup by Region:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Asia Pacific dominates the market on account of the burgeoning water treatment industry in the region.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Arkema Group, BASF Group, Honeywell International Inc., Tosoh Corporation and Zeochem Group.

Key Questions Answered in This Report:

What was the size of the global zeolite market in 2022?

What is the expected growth rate of the global zeolite market during 2023-2028?

What are the key factors driving the global zeolite market?

What has been the impact of COVID-19 on the global zeolite market?

What is the breakup of the global zeolite market based on the type?

What is the breakup of the global zeolite market based on the application?

What are the key regions in the global zeolite market?

Who are the key players/companies in the global zeolite market?