Report ID: SQMIG15F2178
Synthetic Zeolites Market Size, Share, Growth Analysis, By Type(Zeolite A, Type X, Type Y, USY), By Product(Synthetic, and Natural), By Function(Ion exchange, and adsorbent/Molecular sieves), By End-Use(Detergents, Refining, Catalyst, Petrochemicals), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15F2178 |
Region:
Global |
Published Date: March, 2024
Pages:
157
|
Tables:
127 |
Figures:
67
Synthetic Zeolites Market Regional Insights
North America dominated the market and accounted for over 22.0% of the revenue by 2022. Growth in animal feed and petrochemical production coupled with the ability to increase consumption in this regional Region third in global feed production by 2020, at 237.2 million tons, up 1% in 2019. The United States and Mexico are among the world’s largest feed producers Asia-Pacific demand for new petrochemical plants, water recycling, detergents, cement growing. The market is expected to witness significant growth due to livestock and food processing.
Asia Pacific held a market size of $2.16 billion (about $7 per person in the US) (about $7 per person in the US) (about $7 per person in the US) (about $7 per person in the US) by 2022. China, India and South Korea accounted for the highest zeolite expenditure in the region due to increase in infrastructure spending and movement of public infrastructure. The market share was South Korea’s construction industry is a major source of export earnings for the country’s economy. The domestic market is expected to grow during the forecast period owing to increasing government expenditure on public infrastructure and industrial and commercial projects.
Synthetic Zeolites Market Report Snapshots
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