The CAGR (growth rate) of the India Zeolites Market is anticipated to be approximately 4.3% during the forecast period, according to the MRFR analysis.
The India Zeolites Market is experiencing several significant trends that are being influenced by a variety of factors. Farmers are utilizing zeolite-based fertilizers and soil amendments to improve crop yields and improve soil health, which is an indication of the growing demand for zeolites in the agricultural sector. Government initiatives that advocate for sustainable agricultural practices bolster this trend. Additionally, the increasing emphasis on water purification and treatment in India is resulting in a significant increase in the use of zeolites. This is since zeolites are capable of effectively removing impurities and hard minerals from water sources, which is consistent with the national aim of providing pure drinking water to all citizens.
The India Zeolites Market Industry is undergoing substantial development because of the growing demand for zeolites in a variety of sectors, including agriculture, pharmaceuticals, and water treatment. The Indian agriculture sector is anticipated to expand in response to the increasing population, which will result in a heightened demand for zeolites-based soil conditioners and fertilizers. The agricultural output of the country has demonstrated a positive trend, with an anticipated annual growth rate of 3.6%, as per the Ministry of Agriculture and Farmers Welfare. This has prompted a variety of enterprises, including the Indian Farmers Fertilizer Cooperative (IFFCO), to investigate the potential of zeolite utilization to improve soil health and crop yields. Therefore, the zeolite market in India is significantly influenced by the ongoing expansion of the agriculture sector.
Market segment insights
The zeolites market is segmented based on the following: Type, Function, Application, End Use Industry, and Region.
The market is segmented into natural and synthetic categories based on type.
The market is segmented into ion-exchange, catalyst, molecular sieve, and other categories based on function.
The market is segmented into the following categories: detergents, absorbents, catalysts, construction materials, soil remediation, animal feed, adsorption and filtration, and others.
The market is segmented into the following end-use industries: oil and gas, petrochemicals, agriculture and animal husbandry, construction, water and wastewater treatment, chemicals, and others.
The zeolites market has been categorized into four regions: north India, south India, east India, and west India. The market was primarily dominated by the south India region in 2023, with a 33.54% share. It is anticipated that the region will experience a compound annual growth rate (CAGR) of 4.5% during the forecast period.
Primary Players
Vikram Chhaya, Saurav Chemicals, Alchem Chemical, Jain Irrigation Systems, Gujarat Mineral Development Corporation, Rashtriya Chemical and Fertilizers, Tata Chemicals, BASF, Hindustan Zinc, Feldspar India, Satyam Magnetics, National Fertilizers Limited, Sanjay Chemicals, and Hindustan Petroleum Corporation Limited are among the key companies in the India Zeolites Market.
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