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$5 Billion Synthetic Zeolites (Zeolite A, Type X, Type Y, USY, ZSM-5) Market - Global Forecast to 2023 - ResearchAndMarkets.com

December 18, 2018

DUBLIN--(BUSINESS WIRE)--Dec 18, 2018--The “Synthetic Zeolites Market by Type of Zeolite (Zeolite A, Type X, Type Y, USY, ZSM-5), Application (Detergent Builder, Drying, Separation, & Adsorption, Catalytic Cracking, & Specialties), Function & Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering

Increasing demand for synthetic zeolites for use in specialty applications is expected to drive the overall growth of synthetic zeolites market

The synthetic zeolites market is projected to grow from USD 5.2 billion in 2018 to USD 5.9 billion by 2023 at a Compound Annual Growth Rate (CAGR) of 2.6% during the forecast period.

The growth of the synthetic zeolites market can be attributed to the increased consumption of detergents due to the growing population and demand for zeolites for use in specialty applications. Some zeolite dusts are considered nuisance dusts due to their toxicity, such as zeolites used in personal care products.

Even inadvertently inhaling these dust particles raise safety and health concerns. This is one of the major challenges restricting the growth of the market.

Market Dynamics

Drivers

Rising Demand for Synthetic Zeolites From the Detergent Industry Increasing Number of End-Use Industries for Synthetic Zeolites Significant Usage of Synthetic Zeolites for Catalytic Cracking in the Petroleum Industry

Restraints

High Selectivity Leads to Lower Exploitation of Synthetic Zeolites for Various Applications

Opportunities

Rising Demand for Adsorbents Recovering Oil Prices

Challenges

Toxic Nature of Synthetic Zeolites

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Synthetic Zeolites Market, By Framework

7 Synthetic Zeolites Market, By Pore Size

8 Synthetic Zeolites Market, By Function

9 Synthetic Zeolites Market, By Application

10 Synthetic Zeolites Market, By Type of Zeolite

11 Synthetic Zeolites Market, By Region

12 Competitive Landscape

13 Company Profiles

Albemarle Corporation Arkema S.A BASF SE Chemiewerk Bad Kstritz Gmbh Clariant AG Dalian Haixin Chemical Industrial Co., Ltd Eurecat Services Inc Fujian Anten Chemical Co., Ltd Gujarat Credo Mineral Industries Ltd Gujarat Multi Gas Base Chemicals Pvt. Ltd Honeywell International Inc Huiying Chemical Industry (Quanzhou) Co., Ltd. Iqe Group Knt Group Manek Minerals National Aluminum Company Limited (NALCO) Ningbo Jiahe New Materials Technology Co., Ltd PQ Corporation Rive Technology Sorbead India Tosoh Corporation Union Showa K.K. W. R. Grace & Co. Zeochem AG Zeolyst International

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Related Topics:Metals and Minerals

KEYWORD:

INDUSTRY KEYWORD: NATURAL RESOURCES MINING/MINERALS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/18/2018 12:09 PM/DISC: 12/18/2018 12:09 PM

http://www.businesswire.com/news/home/20181218005660/en

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