Specialty Zeolites Market Size, Share | Industry Trends Analysis Report, 2024
Specialty Zeolites Market was valued at US$40.1 mn in 2015 and is expected to reach US$53.4 mn by the end of 2024, after expanding at a CAGR of 3.2% within a forecast period from 2016 and 2024
Specialty Zeolites Market was valued at US$40.1 mn in 2015 and is expected to reach US$53.4 mn by the end of 2024, after expanding at a CAGR of 3.2% within a forecast period from 2016 and 2024
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Transparency <strong>Market</strong><br />
Research<br />
<strong>Specialty</strong> <strong>Zeolites</strong> <strong>Market</strong> - Global <strong>Industry</strong> <strong>Analysis</strong>,<br />
<strong>Size</strong>, <strong>Share</strong>, Growth, <strong>Trends</strong> and Forecast 2016 - <strong>2024</strong><br />
Published Date<br />
30-Jan-2017<br />
120 Page <strong>Report</strong><br />
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Press Release<br />
Global <strong>Specialty</strong> <strong>Zeolites</strong> <strong>Market</strong>: High Value Applications in<br />
Booming Construction and Plastics Industries, notes TMR<br />
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<strong>Specialty</strong> <strong>Zeolites</strong> <strong>Market</strong><br />
REPORT DESCRIPTION<br />
<strong>Specialty</strong> <strong>Zeolites</strong> <strong>Market</strong> - Global <strong>Industry</strong> <strong>Analysis</strong>, <strong>Size</strong>, <strong>Share</strong>, Growth, <strong>Trends</strong> and Forecast 2016 -<br />
<strong>2024</strong><br />
A large number of players are currently operational in the global specialty zeolites market. For 2015,<br />
the leaders in this market were BASF SE, Arkema Group, Tosoh Corporation, and W.R. Grace & Co.,<br />
held a collective share of 34.7% in its overall value. The overall player spread-out is wide and diverse<br />
with a large number of enterprises present in all sizes. The leaders of the global specialty zeolites<br />
market are largely concerned with the applications of technological innovations that will give way to<br />
reducing processing costs and introduce high-quality products on a commercial level.<br />
According to a research publication by Transparency <strong>Market</strong> Research, the global specialty zeolites<br />
market is expected to hold a strong degree of competition among key players. The majority of the<br />
players in the market depend on goodwill and the formation of long-terms contracts for sustainable<br />
business. Although the cost of raw materials is largely classified as volatile, the global specialty<br />
zeolites market is relatively easy for new entrants to consider due to the easy availability of the raw<br />
materials. However, the market is likely to consistently face high levels of challenges from substitutes<br />
such as activated carbon and silica gel.<br />
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By <strong>2024</strong>, the global specialty zeolites market is expected to reach US$53.4 mn in terms of sales. Its<br />
sales figure is projected at a CAGR of 3.2% within a forecast period from 2016 to <strong>2024</strong>, and was<br />
calculated to reach 41.3 mn at the end of 2016.<br />
Construction <strong>Industry</strong> Ups Demand for <strong>Specialty</strong> <strong>Zeolites</strong><br />
Transparency <strong>Market</strong> Research<br />
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<strong>Specialty</strong> <strong>Zeolites</strong> <strong>Market</strong><br />
“<strong>Specialty</strong> zeolites have consistently found a solid scope of demand from the construction industry. The<br />
surge in construction activities in construction across the world and across different sectors is currently<br />
the leading factor contributing to the increasing revenue stream of the global specialty zeolites market.<br />
This is especially visible across Latin America and Asia Pacific, two regions that are scaling up their<br />
infrastructures in healthcare, industries, businesses, and residential areas,” states a TMR analyst.<br />
Urbanization is a key proponent of the construction industry and consequently, the global specialty<br />
zeolites market. This can be seen across the swiftly growing urban areas in China, India, and Brazil.<br />
Another factor promoting the global specialty zeolites market at the moment is the growing demand for<br />
them from the global paints and coatings industry, which is again, directly driven by the construction<br />
industry. The demand for specialty zeolites takes a positive turn due to the increasingly stringent<br />
regulations regarding the use of volatile organic compounds. A similar hike in demand for specialty<br />
zeolites can be seen in the plastics industry.<br />
High Costs of <strong>Specialty</strong> <strong>Zeolites</strong> to Prevent Faster <strong>Market</strong> Growth<br />
One of the key factors hindering a more favorable growth rate for the global specialty zeolites market is<br />
the high product costs. <strong>Specialty</strong> zeolites are known to be much more expensive than basic synthetic<br />
zeolites or even natural zeolites, due to the increased complexity of manufacturing. At the same time,<br />
the global specialty zeolites market is being restricted by the increasing availability of substitutes,<br />
especially silica gels and activated carbon. Both substitutes are finding a greater range of use in the<br />
paints and coatings industry, jeopardizing the overall demand for specialty zeolites in it.<br />
Browse <strong>Market</strong> Research <strong>Report</strong> with ToC & <strong>Analysis</strong> :<br />
http://www.transparencymarketresearch.com/specialty-zeolites-market.html<br />
“Currently, the larger players in the global specialty zeolites market are creating greater opportunities<br />
for themselves through the upkeep of loyalty with existing clients. This allows them to harness the<br />
generation of goodwill between enterprises while successfully expanding their overall client pool.<br />
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<strong>Specialty</strong> <strong>Zeolites</strong> <strong>Market</strong><br />
Several players are also making the most out of opportunities through enhanced product development<br />
programs and the diversification of application of specialty zeolites,” adds the analyst.<br />
The information presented in this review is based on a Transparency <strong>Market</strong> Research report, titled,<br />
“<strong>Specialty</strong> <strong>Zeolites</strong> <strong>Market</strong> - Global <strong>Industry</strong> <strong>Analysis</strong>, <strong>Size</strong>, <strong>Share</strong>, Growth, <strong>Trends</strong> and Forecast<br />
2016 - <strong>2024</strong>.”<br />
Key segments of the Global <strong>Specialty</strong> <strong>Zeolites</strong> <strong>Market</strong><br />
<strong>Specialty</strong> <strong>Zeolites</strong> <strong>Market</strong>: End-use <strong>Analysis</strong><br />
• Plastics<br />
• Paints & Coatings<br />
• Construction Materials<br />
• Personal Care<br />
Browse All Chemical & Materials <strong>Market</strong> Research <strong>Report</strong>s:<br />
http://www.transparencymarketresearch.com/chemical-market-reports-2.html<br />
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