Zeolite Market

Market​ ​Dynamics
A major driver for the growth of the global zeolite market is rising demand for the
detergents for the domestic and industrial application. For instance, According to the
department of consumer affairs, in India, the market for synthetic detergents was
valued at about US $1.63 billion in 2013, with a compounded annual growth rate
(CAGR) of three percent. Zeolites remove dyes from the washing liquor by
hetero-coagulation and adsorption. Zeolites can exchange hard ions with soft ions
and are used for softening of water.
However, increasing adoption of catalysts, which are equally cost competitive may
hamper the growth of the global zeolite market. For instance, Rare earth metal ions
which are costly are being replaced by Copper, Zinc, Cobalt etc.
Market Outlook
Europe held the dominant position in the market in 2017. Radiation modified natural
zeolites are used for treating nuclear waste and natural zeolite minerals as storage
of solar energy. Europe is projected to maintain its dominance throughout the
forecast period, owing to the rising use of bio-based raw materials and renewable
sources of energies such as nuclear or solar. This factor will contribute towards the
lucrative growth of global zeolite market.
According to US Geological Survey Minerals Yearbook, in 2015, natural zeolites
production was increased by 20% to 75,100 metric tons in the U.S. and global
production was estimated at around 2.7-3.2 million metric tons. According to this
survey, China was the leading producer of natural zeolites in 2015, with production
likely in the range of 1.8 to 2.2 million metric tons.
Among function, catalyst segment is projected to gain major traction over the
forecast period, owing to high demand from chemical and petrochemicals industries.
Properties of zeolites such as acidity and shape selectivity play a major role in their
use as a catalyst and therefore is used in the manufacturing of chemicals and
premium quality fuels.
Key players in Global Zeolite Market
Key players operating in the global zeolite market include BASF SE, Arkema Group,
Tosoh Corporation, Zeochem AG, Grace Catalyst Technologies, Zeox Corporation,
Honeywell International Inc., Clariant, Eurecat, Yingkou Zhongbao Molecular Sieve
Co, Ltd, KNT Group, Dalian Haixin Chemical Industrial Co. Ltd, Zeolyst International,