Global Synthetic Zeolites Market

Synthetic Zeolites Market Size, Share, Growth Analysis, By Type(Zeolite A, Type X), By Product(Synthetic, and Natural), By Function(Ion exchange, and adsorbent/Molecular sieves), By End-Use(Detergents, Refining) - Industry Forecast 2024-2031

Report ID: SQMIG15F2178 | Region: Global | Published Date: March, 2024
Pages: 157 | Tables: 127 | Figures: 67

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Synthetic Zeolites Market size was valued at USD 5.1 billion in 2022 and is poised to grow from USD 5.22 billion in 2023 to USD 6.36 billion by 2031, growing at a CAGR of 2.50% in the forecast period (2024-2031).

The competitive environment of the Synthetic Zeolites market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'Zeolyst International Inc.', 'Albemarle Corporation', 'Fujian Risheng Chemical Co., Ltd', 'W.R. Grace & Company', 'Anten Chemical Co., Ltd.', 'Chemiewerk Bad Kostritz GmbH', 'BASF SE', 'Clariant AG', 'Honeywell International, Inc.', 'Huiying Chemical Industry (Quanzhou) Co., Ltd.'

Growing Need for Synthetic Zeolites as Liquid Catalytic Cracking Catalysts

The increasing demand for detergents across the globe due to increasing sanitation awareness is expected to boost the synthetic zeolites market. Synthetic zeolites are used in detergents whereas contributes to the increased washing. Moreover, due to increasing environmental concerns, synthetic zeolites are being used worldwide in detergents to replace phosphate-based detergents phosphate-based products have a negative impact on the marine and aquatic environment. Thus, increased demand for bleach accelerates market growth. For example, detergent company Procter & Gamble’s revenue rose from the US. $67.2 billion (about $210 per person in the US) (about $210 per person in the US) (about $210 per person in the US) in 2021 to the US. $69.1 billion (about $210 per person in the US) (about $210 per person in the US) (about $210 per person in the US) by 2022.

North America dominated the market and accounted for over 22.0% of the revenue by 2022. Growth in animal feed and petrochemical production coupled with the ability to increase consumption in this regional Region third in feed production by 2020, at 237.2 million tons, up 1% in 2019. The United States and Mexico are among the world’s largest feed producers Asia-Pacific demand for new petrochemical plants, water recycling, detergents, cement growing. The market is expected to witness significant growth due to livestock and food processing.

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Global Synthetic Zeolites Market

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