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Zeolites Market Comprehensive Study by Key Players

August 16, 2019 by Steve Blade  

According to a new Fact.MR report, sales of zeolites in 2018 were 8.3 Mn tons, and are expected to record ~2% Y-o-Y in 2019. The zeolites industry remains fostered by a myriad factors, ranging from the application in soil amendment procedures, and water treatment, to growing utilization as key refrigeration absorbents.

The study finds that the zeolite synthesis has emerged as an active area of research, as zeolites with uniform microscopes continue to become a key imperative across industrial processes such as separation, adsorption, and catalysis, while seeking new applications in medical, chemical sensors, magnetism, and electronics.

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Key Growth Determinants of the Zeolites Market

  • Demand for zeolites continues to grow among detergent manufacturers, driven by stringent regulations on the use of phosphate-based detergents. The environmental concerns related to phosphates, owing to discharge through wastewater have led the shift toward adoption of zeolites in detergents.
  • Proliferation in the production of petroleum in recent years has created opportunities for the zeolites manufacturers, in light of the chemical’s use for separation of mixtures, such as the olefins and paraffin hydrocarbons.
  • Zeolite’s antimicrobial applications are expected to remain key influencers of growth, as the demand for silver zeolites grows significantly among end users. Studies suggest that zeolite formulations could be blended with several materials used in manufacturing medical devices, textiles, and household items, where antimicrobial property is an essential requirement.
  • The generation of hydrogen-based energy has been paramount and widespread, with the focus of governments to move toward a sustainable economy and seek long-term energy sources. Zeolites play a vital role in the energy generation process, making it sustainable by acting as catalysts.

Europe and East Asia – Lucrative Markets for Zeolites

According to the study, Europe and East Asia collectively account for ~60% share of the zeolites market. Rapid industrialization and growing investments in the industrial sectors across these regions, are likely to remain leading influencers of growth for the zeolites market. Growing number of research demonstrations and tests apropos of zeolites across Asian nations has further attracted the attention of the market players for investments.

Zeolites in both, natural and synthetic form, are being widely used across a plethora of end-use industries. Accounting for ~60% volume share of the global market, natural zeolites remain the sought-after category, significantly complemented by their use in the water treatment industry. Environment concerns relating to the presence of heavy metals in wastewater, and the potential of natural zeolites to resolve these have been driving their adoption in recent years.

Zeolites Market: Competitive Analysis

According to Fact.MR’s recent publication, the zeolites market remains moderately consolidated in nature, with ~40% shares held by leading companies in 2018. Key companies are focused on technology advances and optimizing operations to remain ahead of the curve. While leading companies adhere to vertical integration, mid-level competitors are concentrating efforts towards product portfolio expansion and enhancing customer base, while emerging players emphasize brand recognition.

 The frontrunners in the zeolites market continue to focus on new product developments, to come up with solutions built on next-gen zeolite technologies. These players are also making profuse investments in capacity expansions, and upgrading their manufacturing techniques. Clariant AG and BASF SE are among the key companies incorporating these strategies.

Increasing utilization of zeolite across untapped applications, including energy & power and healthcare, is likely to create opportunities for the market players. Zeolites manufacturers are therefore focusing bespoke offerings that suit the distinct requirements of end-users. Global rise in spending on the construction industry is likely to pave opportunities for the zeolites manufacturers. While the zeolites market is characterized by long-term manufacturer-supplier relationships, companies are engaging in acquisition and collaboration strategies in an attempt to expand their customer base.

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