Synthetic Zeolite Market Size is Expected to Reach at USD 6,808 Million by 2030, Registering a CAGR of 4%, Owing to Increasing Use in Environmental Applications
The Global Synthetic Zeolite Market Size is predicted to reach USD 6,808 Million by 2030 from USD 4,825 Million in 2021, at a CAGR of 4% between 2022 and 2030, as per the Acumen Research and Consulting
The synthetic zeolite market size is expected to grow in the coming years, driven by rising demand for these materials in a variety of industrial applications such as catalysts, adsorbents, and ion exchangers. Synthetic zeolites are a sort of porous crystal structure artificial aluminosilicate mineral. They are utilized in a variety of industrial applications, including catalysts, adsorbents, and ion exchangers. In recent years, there has been a surge of interest in the production of novel synthetic zeolites with improved properties such as increased catalytic activity, stability, and selectivity. The increased demand for these materials in numerous industrial applications, especially in the petrochemical and environmental sectors, is driving the synthetic zeolite market growth.
In the petrochemical sector, synthetic zeolites are widely utilized as catalysts, particularly in the manufacturing of gasoline, diesel, as well as other fuels. The desire for synthetic zeolites will rise in tandem with the demand for these goods. Synthetic zeolites are also employed in environmental applications such as air and water filtration, as well as waste treatment. The demand for these applications is likely to rise as the world population expands and environmental concerns grow. Overall, ongoing research on synthetic zeolites aims to create materials with enhanced properties that can be employed in a variety of commercial applications, such as catalysts, adsorbents, as well as ion exchangers. The development of novel synthetic zeolites with improved properties is projected to expand the use of these materials in a variety of industries, including the petrochemical, environmental, and biomedical sectors.
Synthetic Zeolite Market Statistics
- Global Synthetic Zeolite market value was worth USD 4,825 Million in 2021, with a 4% CAGR from 2022 to 2030
- Asia-Pacific synthetic zeolite market share occupied around 40.7% in 2021
- According to market analysis, Grace Catalysts Technologies, Tosoh Corporation, and UOP LLC have a sizable market share in 2021
- Increasing used in biomedical applications, propel the synthetic zeolite market revenue
- High cost of producing synthetic zeolites, limits the market growth
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Synthetic Zeolite Market Trends
The primary driver for the synthetic zeolite market is government restrictions that limit the use of phosphates in detergents due to environmental concerns. Additional prominent applications that account for a large market share include the use of synthetic zeolite as molecular sieves for adsorption and petrochemical catalysts. Adsorbent applications are predicted to grow at the fastest rate in the world due to increasing demand in a variety of end-use sectors, including automotive and petrochemical processing. The cost of synthesized zeolites varies with their application. Detergent-grade zeolites are the least expensive, but zeolites utilized as catalysts and molecular sieve adsorbents are significantly more expensive.
Growing Use of Zeolites in Environmental Applications Drives the Synthetic Zeolites Market Growth
Synthetic zeolites are used in numerous environmental applications, including air and water filtration as well as waste treatment. These materials are useful for environmental applications because of their unique characteristics such as high surface area, large pore volume, & chemical resilience. Air purification is a prominent application of synthetic zeolites in the environmental industry. Adsorbents such as synthetic zeolites are used to remove contaminants from the air such as volatile organic compounds (VOCs) and carbon monoxide (CO). These pollutants can harm both the environment and human health and their elimination is becoming increasingly crucial as worldwide concerns about air quality develop.
In water treatment, synthetic zeolites are often utilized as an ion exchanger to remove contaminants such as toxic substances, radioactive ions, and dissolved salts. They can also be employed to remove dissolved gases from water, such as carbon dioxide and hydrogen sulfide. To summarise, the growing use of synthetic zeolites in environmental applications is propelling the synthetic zeolite market forward. As public concern about air and water quality grows, demand for these materials is projected to rise, presenting new opportunities for synthetic zeolite producers.
Synthetic Zeolite Market Segmentation
Acumen Research and Consulting has segmented the global synthetic zeolite market by product, and application.
- Based on the product, the market is categorized into Zeolite ZSM-5, Zeolite Y, Zeolite X, Zeolite A, and others. According to the synthetic zeolite market forecast, the Zeolite ZSM-5 segment is estimated to grow significantly over the next several years.
- Based on the application, the industry is divided into masking agent, catalysts, adsorbent, wastewater treatment, detergents, and others.
Synthetic Zeolite Market Regional Overview
Geographically, the global synthetic zeolite market can be divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. A synthetic zeolite industry analysis found that Asia-Pacific has the biggest demand for zeolite, followed by North America and Europe. In the coming years, the demand for zeolite is predicted to grow at the fastest rate in Asia-Pacific. Furthermore, synthetic zeolites are widely employed as FCC catalysts in petrochemical refineries, particularly in North America. However, zeolitic molecular sieves as adsorbents are expected to be the fastest-growing application category due to their use in a variety of end-use industries such as petrochemical, manufacturing, and automotive.
Synthetic Zeolite Market Players
Some of the prominent synthetic zeolite market companies are Honeywell International Inc., Anten Chemical Co. Ltd., Albemarle Corporation, W.R. Grace & Company, BASF SE, Clariant AG, Huiying Chemical Industry Co. Ltd., Fujian Risheng Chemical Co. Ltd., Zeolyst International Inc., and Chemiewerk Bad Kostritz GmbH.
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