Global Zeolite Market

Zeolite Market Size, Share, Growth Analysis, By Type, (Natural, Synthetic), By Function (Ion-Exchange, Molecular Sieve), By Synthetic Application, By Natural Application, By Framework, By Pore Size, By Region - Industry Forecast 2025-2032


Report ID: SQMIG15E2414 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 118 | Figures: 77

Zeolite Market Insights

Zeolite Market size was valued at USD 15.98 Billion in 2023 and is poised to grow from USD 17.99 Billion in 2024 to USD 46.48 Billion by 2032, growing at a CAGR of 12.60% during the forecast period (2025-2032).

The increasing investments in expanding petrochemical manufacturing as well as industry expansion for detergents are considered prominent growth drivers for the global zeolite market. Zeolites are frequently used in the petrochemicals sector as a catalyst for quickening chemical reactions because of their stability, high activity, and selectivity in conversion procedures. Additionally, due to their high capacity for collecting liquid ingredients, they are frequently used in the production of detergents.

The U.S. was the largest zeolite market in North America, and it is projected that this pattern will hold during the projection period. In the upcoming years, it is anticipated that the development of petrochemical facilities, along with rising demand for agricultural products, detergents, animal feed, and water treatment, will increase product consumption in the U.S. The demand for artificial zeolite as a catalyst is anticipated to be facilitated by expanding investment in the U.S. petrochemicals sector.

In addition, Reliance Industries, Limited and the Abu Dhabi National Oil Co. (ADNOC) decided to construct a petrochemical plant in the UAE for USD 2.0 billion. The partnership will result in the creation of a new joint venture at Ta'ziz. Over the projection period, it is anticipated that rising petrochemical investment will increase product demand. However, the introduction of the coronavirus in 2020 had an impact on demand. The petrochemicals business was impacted by the social and travel restrictions that many nations put in place, and several plants had to temporarily shut down. Due to different end-use industry intensities, the petrochemicals demand was erratic across its value chain. The opening months of 2020 saw a short-term influence on the demand for zeolite globally.

US Zeolite Market is poised to grow at a sustainable CAGR for the next forecast year.

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FAQs

Global Zeolite Market size was valued at USD 14.19 billion in 2022 and is poised to grow from USD 15.98 billion in 2023 to USD 41.28 billion by 2031, growing at a CAGR of 12.60% during the forecast period (2024-2031).

There are many players in the market that are very competitive. firms that mine natural zeolite face fierce competition from not only other zeolite mining firms but also businesses that produce replacements like perlite, diatomite, and fuller's earth. In the expanding industry, key competitors are working to broaden their consumer bases and increase their market penetration. One of the primary strategies that many important players have embraced is aggressive R&D. For instance, Metalsearch Limited, an Australian manufacturer of minerals and compounds, has obtained a license from UniQuest, the University of Queensland's technology transfer firm, to create zeolite. The company will benefit from a reduction in manufacturing time and expense thanks to the technology. 'Albemarle Corporation ', 'BASF ', 'Clariant ', 'KMI Zeolite ', 'Zeolite ', 'Zeolyst International ', 'HONEYWELL INTERNATIONAL INC. ', 'Clariant ', 'Arkema ', 'W. R. Grace & co. ', 'Huiying chemical industry(xiamen) co., ltd. ', 'Tosoh corporation ', ' union showa kk ', 'Zeochem ag ', 'Knt group'

Zeolites are used as catalysts in various chemical reactions, including petroleum refining and petrochemical production. The growth of these industries is driving the demand for zeolite catalysts.

Growing Demand for Zeolites in Catalysis: Zeolites are widely used as catalysts in various industries, including petrochemicals, refining, and chemical manufacturing. The increasing demand for cleaner fuels and environmentally friendly processes has led to the extensive use of zeolites in catalytic applications.

North America dominated the industry with a market share of around 22.0%. The production of petrochemicals & animal feed has increased, which is what is causing the region's growing product consumption. The region ranked third in the world with a production of 237.2 million tonnes of feed in 2022, a rise of 1% from 2021. Two of the top three producers of animal feed worldwide are the US and Mexico.

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Global Zeolite Market

Report ID: SQMIG15E2414

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