The significant usage
of zeolites for fluid catalytic cracking (FCC) in the petroleum industry is the
major factor accelerating growth of the Zeolites Market. Zeolite is the major
and active component of the catalyst used in the FCC process for refining
petroleum. This can be attributed to their special properties such as good
stability, high
activity, large pore size, good resistance to
attrition, cleansing ability, and low coke production, which helps in synthesis
of high-quality transportation fuels and chemical products. The exponentially growing
consumption of petroleum and petrochemical products is consequently increasing demand
for high
petroleum refining and thereby raising the usage of adsorbents
and catalysts such as zeolites. According to the information furnished by
Wikipedia, the total worldwide oil consumption is around 99
million barrels per day (bbl/day) on average in 2018 and the demand is
increasing considerably. This has majorly propelled demand for zeolites
and the market will devise abundant opportunities for itself in the
coming years.
The high prevalence of
wastewater across the globe and subsequent growth in the water treatment
industry is likely to boost demand for the zeolites market. Zeolites are
microporous aluminosilicate minerals that have a three-dimensional crystalline
structure, and is also known as molecular sieve due to the gaps in it. The
microporous structure of zeolite makes it suitable for wastewater treatment and
water purification processes. According to the International Water Association,
around 80% of all wastewater is discharged into the world's waterways and the
current wastewater treatment capacity is 70% of the generated wastewater in
high-income countries, and only 8% in low-income countries. Owing to the high discharge of wastewater, the government
and the private sector are investing heavily to deploy water treatment
facilities. Therefore the increasing demand for the water treatment industry is
leading to growth of the zeolites market. The global zeolites market attained a
market value of $29 billion in 2018, and is expected to grow with a CAGR of
2.55% during the forecast period of 2019-2025.
Moreover, non-toxicity and cleansing properties of zeolites make it suitable for usage as antimicrobial protection including yeasts, bacteria, and spores. Thus, the increasing zeolite antiseptics usage is expected to enhance growth over the aforementioned forecast period. The further areas of application of zeolites are ion exchange, cat litter, as water softener in detergents, self-cooling beer keg, and fertilizer additive. These aspects of zeolites are tremendously increasing growth of the global zeolite market.
Zeolites Market: Leading Segments
Geographically, Europe
held the major share in the global zeolites market, and generated a share of
30% in 2018. Technological innovations that improve performance and minimize
the complexity of zeolite manufacturing processes are driving the market in
this region. Stringent regulations pertaining to the restriction of greenhouse
emissions in Germany, France, the Netherlands, and Belgium have led to the
adoption of bio-based zeolite in various applications such as refrigerants. For
instance, in 2009, the European Commission passed the Renewable Energy
Directive (RED), mandating that 20% share of EU energy consumption must be from
renewable energy sources such as biomass, wind power, solar power, geothermal
energy, and biofuels, by 2020. Additionally, abundance of natural
zeolite coupled with supportive government regulations for production of
bio-based chemicals is the major factor that has granted Europe the highest
share.
On the basis of
application, the zeolites market is segmented into catalysts, adsorbents,
detergent builders, and others. Among these, detergent builders is the most
significant application segment of the market. This is attributed to growing
demand for detergents on account of increasing hygiene awareness among
consumers, coupled with the increasing global population. Owing to its enhanced
cleansing ability, there is an increasing demand for zeolite as builder in
detergents. The other properties such as high dirt removal efficiency,
preventing foreign particle deposition, fine dispersibility, and low abrasiveness, has ensued in
increased utilization of zeolites for manufacturing detergents. As a result, detergent manufacturers have started focusing on
replacing phosphorus materials with zeolites to produce effective detergents.
Thus, the key application segment is anticipated to propel at a CAGR of 2.31%
through to 2025.
Global Zeolites Market
Growth Drivers:
· Abundant Availability of Raw Materials:
The principle raw
materials used for manufacturing zeolites are silica, aluminum, and kaolin.
These raw materials are among the most abundant mineral components on earth. According to
the data provided by Wikipedia, silicon, and aluminum are the second and third
most abundant elements on the earth’s crust respectively. The abundant availability of these raw
materials is driving market growth.
· Application of Zeolite in Refrigeration:
The properties of zeolite including high heat
of adsorption and ability to hydrate and dehydrate while maintaining structural
stability, are exploited for the application of zeolites in adsorption
refrigeration. The thriving refrigeration industry is
expected to augment demand for Zeolites. According to the “Global Cold Chain
Alliance,” the overall volume of cold storage around the globe, in the
refrigerated storage sector, is about 616 million cubic meters in 2018, which
is an increase of 2.67% over 2016. Thus, the rapidly increasing cold storage
capacity is fuelling demand for the global zeolites market.
· Increasing Demand from End-User Industries:
The relatively porous
structure of zeolite makes it suitable for catalytic, separation, and
adsorption applications in end-user industries such as oil and gas, detergents,
agriculture, automotive, aerospace, aviation, concrete, petrochemical, nuclear,
refrigeration, concrete, and water treatment. With end-user industries
witnessing remarkable growth in leading economies such as China, Japan, and
India, the demand for zeolite products is also growing.
Global Zeolites
Market: Major Players
The prominent players
in the global zeolites market are BASF SE, Tosoh Corporation, Clariant,
Arkema Group, Zeochem AG, UOP LLC, Interra Global Corporation, W. R. Grace,
KNT Group, and Honeywell International Inc. These players are continuously
focusing on strategic plans such as expansions, investments, acquisitions, partnerships,
agreements, and joint ventures, to consolidate their presence in the market.
BASF SE became one of
the largest producers of specialty zeolites worldwide, by expanding its zeolite
production capacity with a new facility for specialty zeolites at Germany in
September 2017. This facility is intended to develop emissions catalysts for
heavy-duty and light-duty diesel vehicles. These specialty zeolites help in
chemical, petrochemical, and refining applications.
Tosoh Corporation, in
2018, expanded its production capacity for high-silica zeolite (HSZ) at its
Nanyo Complex in Yamaguchi Prefecture. Tosoh produces HSZ in Japan at its
Yokkaichi Complex as well as its Nanyo Complex and overseas in Malaysia. Nanyo
Complex’s new facilities will increase Tosoh’s overall HSZ production capacity
by 30% of its current level.
Talk to one of our
sales representative about the full report by providing your details in the
link below:
https://www.industryarc.com/support.php?id=
16416
Related Reports:
A. Synthetic Zeolites
Market
https://www.industryarc.com/Research/Synthetic-Zeolites-Market-Research-500086
B. Natural Zeolites
Market
https://www.industryarc.com/Research/Natural-Zeolites-Market-Research-503619
Any other custom
requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting
services.
To request for a quote, provide your details in the below link:
https://www.industryarc.com/reports/request-quote?id=16416
Media Contact:
Mr. Venkat Reddy
Sales
Manager
Email:
[email protected]
Contact Sales:
+1-614-588-8538 (Ext-101)
About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.