The global zeolite market size is expected to reach USD 36.98 billion by 2027 according to a new study by Polaris Market Research. The report “Zeolite Market Share, Size, Trends, Industry Analysis Report, By Product Type [Natural (Clinoptilolite, Mordenite, Others), Synthetic Zeolite (Zeolite A, Type X, Type Y, USY, ZSM 5)]; By End-Use (Building & Construction, Water Treatment, Animal Nutrition, Odor Control & Desiccant, Detergent, Agriculture, Others); By Regions; Segment Forecast, 2020 - 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
A number of synthetic zeolite manufacturers produce different grades, where low-grade zeolites are used in detergents and high grades are used in the petrochemical industry. Manufacturers of the product include Tosoh Corporation, Honeywell International Inc., BASF SE, Albemarle Corporation, and Clariant AG. Apart from the large-scale manufacturers, numerous small- and medium-scale manufacturers are present in Asia Pacific, owing to the rising demand from the region which is likely to drive market growth.
Raw materials required to synthesize zeolite industrially are sodium silicate (Na2O3Si), sodium hydroxide (NaOH), and aluminum oxide (Al2O3). These chemical compounds are manufactured in bulk and can be categorized as commodity chemicals for a wide range of applications. Several companies across the world manufacture these compounds such as BASF SE, Bayer AG, and The Dow Chemical Company, among others.
Na2O3Si is manufactured by companies such as Evonik Industries, BASF SE, and W.R. Grace. & Co. Raw materials are easily available in different concentrations as per the requirements of zeolite manufacturers. Zeolite manufacturers such as W.R. Grace & Co., Albemarle Corporation, and BASF SE manufacture and market raw materials required for the manufacture of zeolite.
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One of the important applications of synthetic zeolite is for FCC (Fluid Catalytic Cracking) catalysts. FCC is a process by means of which complex hydrocarbon molecules are broken down into simple hydrocarbon molecules. FCC is a type of secondary unit operation, used to produce gasoline in the refining process. Increasing demand for petroleum across the world has resulted in high demand for synthetic over natural products, which are used as catalysts.
Furthermore, FCC has higher application in North America compared to other regions where hydrocracking is more prevalent. The high demand for energy in the region resulted in the sustained growth of productivity. Production in this region is expected to exhibit continued growth in the near future. Global application of zeolitic catalysts in petroleum and refineries is expected to grow in the next few years. This, in turn, would contribute to the growth of the market.
Market participants such as BASF SE, Honeywell International Inc., Steelhead Specialty Minerals, Arkema SA, Tosoh Corporation, KNT Group, Clariant AG, National Aluminium Company Limited, PQ Group Holdings Inc., Albemarle Corporation, and Rota Mining Corporation. are some of the key players operating in the global market.
NALCO has lined up investment worth USD 2.4 billion for increasing its production capacity, reaching untapped areas, and increasing coal production. Approximately half of the investment would be made in association with its joint venture. The majority of the funds would be used to enhance its alumina and aluminum business to increase its share in the market.
Polaris Market Research has segmented the zeolite market report on the basis of product, end-use, and region
Zeolite, By Product Outlook (Revenue - USD Million, 2016 - 2027)
Zeolite, By End-Use Outlook (Revenue - USD Million, 2016 - 2027)
Zeolite Regional Outlook (Revenue - USD Million, 2016 - 2027)