Zeolite Market Size, Share, Growth Analysis, By Product(Natural, and Synthetic), By Application(Catalysts, Adsorbents) - Industry Forecast 2024-2031

Zeolite Market size was valued at USD 12.6 billion in 2021 and is poised to grow from USD 13.2 billion in 2022 to USD 21.7 billion by end of 2030, at a CAGR of 6.2 % during the forecast period (2023-2030).

There are many players in the market that are very competitive. firms that mine natural zeolite face fierce competition from not only other zeolite mining firms but also businesses that produce replacements like perlite, diatomite, and fuller's earth. In the expanding industry, key competitors are working to broaden their consumer bases and increase their market penetration. One of the primary strategies that many important players have embraced is aggressive R&D. For instance, Metalsearch Limited, an Australian manufacturer of minerals and compounds, has obtained a license from UniQuest, the University of Queensland's technology transfer firm, to create zeolite. The company will benefit from a reduction in manufacturing time and expense thanks to the technology. 'Arkema Group', 'BASF SE', 'Clariant AG', 'Honeywell International Inc.', 'Tosoh Corporation', 'Zeochem AG', 'W.R. Grace & Co.', 'Chemiewerk Bad Köstritz GmbH', 'KNT Group', 'Zeolyst International', 'Zeochem LLC', 'UOP LLC (Honeywell)', 'Tricat Group', 'PQ Corporation', 'Anten Chemical Co., Ltd.', 'Zeolites & Allied Products Pvt. Ltd.', 'Bear River Zeolite Company', 'Blue Pacific Minerals', 'Gujarat Credo Mineral Industries Ltd.', 'Shijiazhuang Xinghaigaoke Non-Metallic Mining Material Co., Ltd.'

Zeolites are used as catalysts in various chemical reactions, including petroleum refining and petrochemical production. The growth of these industries is driving the demand for zeolite catalysts.

Growing Demand for Zeolites in Catalysis: Zeolites are widely used as catalysts in various industries, including petrochemicals, refining, and chemical manufacturing. The increasing demand for cleaner fuels and environmentally friendly processes has led to the extensive use of zeolites in catalytic applications.

North America dominated the industry with a market share of around 22.0%. The production of petrochemicals & animal feed has increased, which is what is causing the region's growing product consumption. The region ranked third in the world with a production of 237.2 million tonnes of feed in 2022, a rise of 1% from 2021. Two of the top three producers of animal feed worldwide are the US and Mexico.