Global Synthetic Zeolites Market 2015-2019
About Synthetic Zeolites
Zeolites are a group of hydrated aluminum silicates, which are abundantly available in nature. Zeolites are further synthesized to meet specific application demands. Synthetic zeolite is a three-dimensional structure with ion exchange properties. Few popular synthetic zeolites are Zeolite A, Zeolites X and Y, ZSM-5, and titanium silicates.
Rising demand for adsorbents, detergents, and catalysts is expected to fuel the global synthetic zeolites market during the forecast period. APAC is the leading consumer of synthetic zeolite products, followed by Europe and North America.
Technavio’s analysts forecast the global synthetic zeolites market to grow at a CAGR of 12.80% by volume during 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global synthetic zeolites market for 2015-2019. The report provides data on the following segments of the market:
Technavio Announces the Publication of its Research Report – Global Synthetic Zeolite Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Synthetic Zeolite Market: Albemarle, BASF, Honeywell International, Clariant, and W.R. Grace.
Other Prominent Vendors in the market are: Anten Chemical, Chemiewerk Bad Köstritz GmbH, Fujian Risheng Chemical Co. Ltd., Huiying Chemical Industry, National Aluminium Company Limited (Nalco), Tricat Inc., and Zeolyst International Inc.
Commenting on the report, an analyst from Technavio’s team said: “One trend that positively impacts the market is the heat retaining ability of synthetic zeolites. When these zeolites come in contact with water vapor, they successfully bind the steam into their pores by a physiochemical reaction, which produces heat. The water is later removed from the material by heat and energy. ”
According to the report, the increasing use of zeolites in refrigeration systems is a major driver that augments growth in this market. Synthetic zeolites are used in refrigeration as they have a mineral that can adsorb water vapor while emitting heat at the same time. The new system is environmentally friendly and economically feasible.
Further, the report states that one challenge faced by this market is the high production cost of synthetic zeolites. The production costs of synthetic zeolite are significantly more expensive than naturally occurring zeolites because the manufacture of these zeolites involves energy-intensive chemical processes.
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