The global zeolites market is poised for robust growth, driven by the increasing demand for efficient adsorbents in the removal of volatile organic compounds (VOCs). These compounds, often present in paints, inks, adhesives, and other consumer products, pose significant environmental and health risks. Regulatory bodies such as the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) and the Environmental Protection Agency (EPA) have imposed stringent norms to control VOC emissions, fueling the demand for low-VOC materials and driving the growth of the zeolites market.
Zeolites, known for their thermal stability, hydrophobicity, and non-flammability, have emerged as highly effective adsorbents for VOC removal, surpassing traditional activated carbon. The increasing demand for eco-friendly materials has propelled the utilization of zeolites in VOC removal applications, opening new avenues for market expansion.
Agricultural Applications, Particularly Soil Management Demands Use of Effective Nutrient Carriers such as Zeolites
Zeolites have gained prominence in agriculture due to their superior water retention capacity and ion exchange properties. They are utilized in soil amendment procedures, fertilizers, and as carriers for fungicides, pesticides, and herbicides. Zeolites also help retain ammonia content in soil, contributing to efficient soil management and nutrient utilization. With a steady growth trajectory in the agriculture industry, particularly in emerging economies, zeolites are expected to play a pivotal role in enhancing agricultural practices.
Synthetic Zeolites Likely to Gain High Traction
The demand for synthetic zeolites is on the rise, primarily due to their extensive use in detergent production. With approximately 200 known synthetic zeolite structures that can be tailored for various applications, they offer versatility and recyclability. Synthetic zeolites find applications in water filtration, petrochemicals, and animal feed industries, contributing significantly to the markets value growth. However, natural zeolites continue to dominate in terms of volume due to their cost-effectiveness, making them a preferred choice in the construction industry.
Asia Pacific Poised to Prevail as a Lucrative Revenue Pocket for Zeolites
Asia Pacific has witnessed a surging demand for zeolites, driven by the growing construction industry in developing nations and government initiatives to improve infrastructure. The region has also seen the development of new water recycling plants, increased detergent demand, and expanded production of animal feed and cement. Notably, Chinas construction industry has gained momentum, with construction output accounting for about 25% of the countrys GDP in 2021. Government efforts to enhance infrastructure in smaller cities are expected to boost the use of zeolites in various construction applications. Investments in petrochemical plants, such as Kumho Mitsui Chemicals Inc.s expansion in South Korea and Lion Corporations plans to expand detergent production facilities in Myanmar and Thailand, are set to drive zeolite demand further in the region.
Zeolites Market: Competitive Landscape
Leading players in the zeolites market include BASF SE, Arkema Group, Clariant, Honeywell International Inc., Tosoh Corporation, Shijiazhuang Jianda High-Tech Chemical Co. Ltd., and Blue Pacific Minerals Ltd.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/zeolites-market
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COMTEX_442085760/2840/2023-10-18T16:49:25
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