The global natural zeolites market size is projected to be worth USD 7.2 Billion in 2026, growing at a CAGR of 3.2% during the forecast period.
Construction industry all across the world is growing with rapid pace owing to increase in population base and also growing need for better and efficient construction infrastructure. Both the factors drive the need for efficient construction material such as natural zeolites. Therefore increasing natural zeolites applications in constructions sector drives the natural zeolites market during the fourth coming years.
|Market||Natural Zeolites Market|
|Analysis Period||2015 - 2026|
|Forecast Data||2018 - 2026|
|Segments Covered||By Application and By Geography|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Zeolyst International, Lenntech BV, Zeocem Ltd., Albemarle Corporation, Teague Mineral Products,W.R. Grace & Co-Conn, GruppoApostolicoTanagro, Bear River Zeolite, SilkemproizvodnjaZeolitovd.o.o., Anten Chemical Co., Ltd., NanoScape AG, IDA-ORE, Gordes Zeolite,Clariant, and Mining LLC|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
|Customization Scope||10 hrs of free customization and expert consultation|
The growingneed for lightweight concrete in mining and construction sector is expected to push the use of the application. Lightweight concrete is chosen over ordinary concrete due to numerous reasons for instancebetter-qualityless thermal expansion, fire resistance, and better sound absorption. Other than concrete, the usage of natural zeolites is predominant in dimension stones, lightweight aggregates, and soil stabilizers under construction and mining materials.
The construction sector is observingthe substantialdevelopment not only in developing economies but also in emergednations such as the U.S. In 2017, construction expenditure in U.S. was around 5.0% higher than in 2016. The development of global construction sector has led to the augmented use of cement. Cement manufacturing is a main contributor to greenhouse gas emissions, and therefore, natural zeolites are used in construction and mining materials as a partial alternative for cement.
The global natural zeolites market is segmented into two major segment named application, and region. On the basis of application the Natural Zeolites market is segmented intoconstruction materials, animal feed, soil remediation and others.On the basis of region the global Natural Zeolites market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Asia Pacific captures the largest market share with respect to global natural zeolites market, and captures for 65.2% market volume share in 2018. The natural zeolites market in developing economies such as India is gaining momentum, particularly in soil amendment application. Considering the significance and vastness of India’s agricultural and farming industry, natural zeolite producers are encompassing their reach in the nation.
In terms of revenue, Latin Americanatural zeolites market is expected to progress at a CAGR of 3.2% during the forthcoming years. The need for the product is widespread in Latin America due to the growing water and soil contamination and animal feed production. As of 2016, this region had around 4,287 mills for feed production and owing to the growing urbanization, the area is in immediate need for water treatment projects as well.
The major players associated with the natural zeolites market are Zeolyst International, Lenntech BV, Zeocem Ltd., Albemarle Corporation, Teague Mineral Products,W.R. Grace & Co-Conn, GruppoApostolicoTanagro, Bear River Zeolite, SilkemproizvodnjaZeolitovd.o.o., Anten Chemical Co., Ltd., NanoScape AG, IDA-ORE, Gordes Zeolite,Clariant, and Mining LLC. Capacity development is a main approach accepted by key market players. Such as aian June 2016, the United States Antimony Corporation declared the addition of a production line to its Bear River Zeolite plant. Similarly, in October 2018, Xiao Ben and SDIC Shengshi formed a joint venture, the objective of the venture is anticipated to aid both the businesses extend their world reach and rise their natural zeolites market share. These players are significantly involved in continuous product launch, merger & acquisition and strategic partnership to scale their business operation.
Market By Application
Market By Geography