Zeolite: Key market research findings
- Europe dominates the market geographically
- The detergent segment accounts for a majority share of the market’s revenue
- Key vendors – Arkema, BASF, Honeywell, Tosoh, and Zeochem
Technavio’s market research analysts predict the global zeolite market to grow at a CAGR of around 8% between 2016 and 2020. The demand for zeolite is augmented by its increasing use as a refrigeration adsorbent. Refrigeration adsorption systems use zeolites to provide cooling. These systems can operate over a wide range of temperatures and do not corrode the cooling equipment, thus proving efficient. Furthermore, the mineral is non-flammable, nonpoisonous, and is available naturally. During 2015, Europe dominated the global zeolite market by accounting for around 34% of the overall market space. Factors such as the increased need for removing nuclear waste, government support for the production of bio-based chemicals, and abundance of natural zeolite in Turkey and Russia will fuel the growth of the zeolite market in Europe during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the zeolite segments based on the end-user.
“The growing use of compact detergents is propelling the growth of the zeolite market across the globe. One of the prominent features of zeolites is their effective adsorptive capacity for liquid components, i.e., surfactants. This property enables the advancement of the surfactant-rich compact detergents that are being used. Besides, detergent tablets, a recent advancement in laundry detergent, also use zeolites as adsorptive builders,” says Chandrakumar Badala Jaganathan, Lead Analyst, Chemicals & Materials, Technavio Research.
Our research analysts expect the detergent segment to account for more than 73% of the overall market revenue to continue its dominance as they key revenue generator in the global zeolite market. Zeolite is being used to replace sodium tripolyphosphate in the detergent industry owing to the latter’s harmful effects on the environment. Zeolite removes ions from heavy metals such as copper, iron, and manganese, allowing cloth whitening and bleaching. It is used in detergents due to its ability to demineralize water through calcium ion exchange, which helps in effectively removing stains and dirt from clothes.
The key vendors in the global zeolite market include Arkema, BASF, Honeywell, Tosoh, and Zeochem. This market is moderately consolidated due to the presence of a few established players. Vendors in the market compete on the basis of innovation, price, operational cost, and product quality to foster their hold over the market. The level of competition in the market is expected to intensify in the next four years owing to the growing pressure on vendors to develop better zeolite products and catalysts.
A more detailed analysis is available in the Technavio report, Global Zeolite Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
