Global Zeolite Market 2017-2021
Zeolites are alumina silicate and microporous minerals, which are predominantly used by the detergent industry. They are also commercially consumed as catalysts and adsorbents by the chemical industry. Zeolites are gaining popularity owing to the growing public sensitivity toward environmental issues. It is increasingly being used as an alternative to various materials in applications such as detergents, catalyst, and absorbents.
Technavio’s analysts forecast the global zeolite market to grow at a CAGR of 8.16% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global zeolite market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Zeolite Market 2017-2021
Technavio recognizes the following companies as the key players in the global zeolite market: Arkema, BASF, Honeywell International, Tosoh International, and W.R.Grace.
Other Prominent Vendors in the market are: Bear River Zeolite, Blue Pacific Minerals, Eurecat, and Zeolyst International.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing use of zeolites as a substitute for sodium phosphate. The use of sodium tripolyphosphates (STPPs) is decreasing as builders in laundry detergents, especially in Europe and North America. Also, the use of phosphates has also decreased in developing markets including India and China, where household detergents are extensively used.”
According to the report, one driver in the market is increasing use of zeolite as refrigeration adsorbent. In developing countries, the penetration of low-cost refrigeration methods is quite high. This is owing to the requirements of consumers for the preservation of food products, particularly in rural areas where conventional refrigeration systems are not affordable. Moreover, the electric power supply is not frequently available in the rural areas. The refrigeration adsorption system generally requires the use of zeolite to provide the cooling effect. In the last two to three years, owing to the technological advances, the adoption of refrigerators using water as refrigerant and zeolite as an absorber is quite high.
Further, the report states that one challenge in the market is high logistics cost. Zeolites are usually transported in huge volumes. They are transported through railroads and highways from manufacturers to end users. Since the rail transportation and highways are the major means of supply, end-user industries are significantly affected due to high logistics costs. This, in turn, is resulting in the demand-supply outages, and, causing the interruption in the overall production processes. The fluctuations in fuel prices is a major factor increasing the transportation costs. The availability of carriers at the right time is a major challenge faced by the end-users.
Arkema, BASF, Honeywell International, Tosoh International, W.R.Grace, Bear River Zeolite, Blue Pacific Minerals, Eurecat, and Zeolyst International.