TechNavio recognizes the following companies as the key players in Global Zeolite Market: Arkema Inc., BASF SE Corp., Honeywell International Inc., and Tosoh Corp.
Commenting on the report, an analyst from TechNavio’s team said: “Increase in production capacities of major vendors is a trend being witnessed in the Global Zeolite market. As a result of the growing demand for zeolite in applications such as catalysis, and detergent and adsorbent manufacturing, major players are investing heavily in exploration and development of new production sites to tap the surge in demand. Moreover, many vendors are increasingly adopting and investing in the production of synthetic zeolites to cater to the Catalyst Manufacturing sector, which is currently growing at a high rate.”
According to the report, one of the key drivers in this market is the increased use of zeolite as a catalyst in petroleum refining, which is leading to the production of sustainable and pollution-free automobile fuels.
Further, the report states that one of the serious challenges faced by this market is the increase in competition among vendors in the Global Zeolite market which has resulted in price wars.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-zeolite-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report – Global Zeolite Market 2014-2018
