WiseGuyReports.Com Publish a New Market Research Report On –“ Zeolites Industry Global Production,Growth,Share,Demand and Applications Forecast to 2026”.
PUNE, INDIA, November 1, 2019 /EINPresswire.com/ —
Zeolites are primarily hydrated three-dimensional microporous aluminosilicate minerals that are used in water filters and water softeners. Due to their porous structure, zeolites minerals are commonly used in detergents, nuclear, refrigeration, petrochemicals, concrete, and various other end-user industries. Its wide application has created a steady need for the mineral across the globe, and thanks to its increasing use in various user-end industries, the demand for zeolites is expected to grow even more during the forecast period.
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Key Players Included In This Report:
The key players operating in the zeolite market includes Tosoh Corporation, KNT Group, Clariant, Zeochem AG, BASF SE, Interra Global Corporation, Arkema Group,UOP LLC, and others.
Composed of silicon-oxygen-aluminum linkages that form pores of identical size on the upper crest of the mineral, zeolites have a relatively porous structure. The minerals also have regular internal cavities and interconnected channels of distinct shapes and sizes. The varied internal structure of zeolites is caused as a result of their diverse crystal structure and chemical composition.
The global zeolites market size is expected to be valued at US$ 34.5 billion by 2023 and during the forecast years, the market will grow at a high CAGR. The increasing demand for detergents, increasing refining output as well as rising awareness about hygiene among consumers have all contributed to the growth of the global zeolites market. Moreover, the growing demand water treatment activities, the increasing need for natural products in pet litters, agriculture, as well as concrete industries are also accelerating market growth.
Adsorbents are the key application segment of zeolites market. They have various unique properties such as a high degree of hydration, low density with significant permeability and porosity, large molecular void volume and channel ways in the dehydrated crystal, and the stability of the crystal structure when dehydrated, and more. These qualities make them ideal for absorbing a variety of materials. On top of this, they can be regenerated for re-use. They can be used in molecular sieves that primarily trap molecules of a certain perimeter when they are being passed through its framework.
The global zeolites market was dominated by the Asia-Pacific region in 2018, with China being the largest producer as well as consumer in the world. In 2018 alone, the country produced approximately 410,000 metric tons of zeolites. A major reason why the demand for zeolites has increased and will continue to do so is because of the growing water requirement from the industrial sector, as well as the changing government regulations over the use of desalinized seawater for residential purposes. Moreover, the Chinese government plans to invest heavily in the water treatment industry. Considering all these, the Asia-Pacific region is expected to dominate the market in the coming years too.
The global zeolites market is a highly competitive market as there are plenty of international, regional, and local vendors. As more and more key players are investing in R&D, the demand for zeolites is expected to increase in the coming years. Apart from such investments, these key players are also adopting various strategies to strengthen their position, which includes capacity expansion in Asia Pacific and Europe to meet the growing demand in these regions. The global zeolites market is driven heavily by new product launches and acquisitions.
Table of Contents – Major Key Points
• Report Description
• Executive Summary
• Market Dynamics
• Global Zeolites Market, by Product Type
• Global Zeolites Market, by Application
• Global Zeolites Market, by Region
• Competitive Intelligence
• Company Profiles
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Source: EIN Presswire