- The key vendors in the global synthetic zeolite market 2015-2019 are Albemarle, BASF, Honeywell International, Clariant and W.R. Grace
London, 22 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global synthetic zeolite market 2015-2019. Increased investments in manufacturing capacities is one of the major trends upcoming in the market. Major vendors are investing heavily in the exploration and development of new production sites to cater to the rising demand. Also, vendors looking at the catalyst manufacturing sector, which is currently growing at a fast pace, are investing in synthetic zeolite production to cater the needs of catalyst manufacturing. The global synthetic zeolite market is expected to grow at a CAGR of 12.80% during the period 2015-2019.
The majority of the demand for synthetic zeolite is generated from laundry detergents because of its ionizing properties and water-softening characteristics. Phosphates, which are currently used in the manufacture of laundry detergents, when entering water bodies through laundry waste, will pollute the water by forming water algae, thereby jeopardizing marine ecosystems and polluting drinking water. Therefore, synthetic zeolites are significantly replacing phosphates as builders in detergents.
“Synthetic zeolites are used predominantly in fertilizers as they have the capacity to retain nutrients in the soil and are released gradually over a period of time,” says Faisal Ghaus, Vice President of Technavio Research.
“Because of their high porosity, synthetic zeolites can store larger amounts of water. Hence, synthetic zeolites have the ability to maintain water levels in soil by hydrating and rehydrating, which prevents soil drying during drought and times of water deficit.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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