The zeolites market is expanding rapidly due to increased usage in a variety of sectors. Zeolites are microporous crystalline minerals with exceptional adsorption and ion-exchange capabilities. The global Zeolites Market size is estimated to be USD 12.1 billion in 2021 and is projected to reach USD 14.1 billion by 2026, at a CAGR of 3.1% between 2021 and 2026, owing to an increase in demand for zeolites in detergent industry.
Rising Demand in Environmental Applications: Zeolites are important in environmental applications such as water filtration and air quality control. Their ability to adsorb pollutants and hazardous gases positions them as a long-term solution to environmental problems.
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Growing Adoption in Catalysis: Zeolites are widely employed as catalysts in the petrochemical and refining industries. Their distinct pore structure and acidity make them excellent for catalytic reactions, aiding in the optimization of different industrial processes.
Expanding Use in Detergent Formulations: Zeolites are an important component in phosphate-free detergents. They improve cleaning efficiency while lowering environmental impact, in line with the global trend toward eco-friendly consumer goods.
Zeolites in Gas Separation and Adsorption: Gas separation and adsorption applications are growing in popularity, particularly in the natural gas industry. Zeolites are utilized to efficiently separate and store gases, allowing cleaner fuels to be produced.
Market Players and Competition: Major industry players are investing in research and development to expand their product portfolios and improve zeolite production processes. Albemarle Corporation (US), BASF SE (Germany), Honeywell International Inc. (US), Clariant (Switzerland), W.R. Grace & Co. (US), TOSOH Corporation (Japan), Union Showa KK, (Japan), Zeochem AG (Switzerland), KNT Group (Russia), Arkema (France), Zeolyst International (US), Huiying Chemical Industry(Xiamen) Co., Ltd. (China), Chemiewerk Bad Köstritz GmbH (Germany), NALCO India (India), and PQ (US) and others.
Geographic Market Trends: The zeolite market is not limited to one region. It’s witnessing growth across North America, Europe, Asia Pacific, and other regions. Emerging economies are becoming significant consumers and producers of zeolites. Asia Pacific dominated the global zeolites market. This is majorly due to the increase in demand for zeolites from major countries such as China, Japan, and India.
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Sustainability and Green Chemistry: Zeolites’ eco-friendly properties align with the growing emphasis on sustainability and green chemistry. Their use in various applications contributes to reducing environmental impact.
BASF SE is among the leading manufacturers in the zeolites market. The company is one of the major German manufacturers and marketers of chemicals in the world. In July 2020, BASF SE launched Altrium, a Fluid Catalytic Cracking (FCC) catalyst with Advanced Innovative Matrix (AIM) and IZY (Improved Zeolite-Y) technology. Atrium helps to increase transportation fuels yield (gasoline and distillate). This development strengthens the position of the company in the zeolites market.
Another important player in the zeolites market is Albemarle. In June 2018, Albemarle Corporation signed an agreement with Sinopec Catalyst Co. Ltd. (SCC), one of the manufacturers of oil refining and chemical catalysts; and Sinopec Fushun Research Institute of Petroleum and Petrochemicals (FRIPP), a research institute under SINOPEC. The agreement is related to catalytic hydrocracking for the global refining industry. The development enhanced the catalysts business unit of Albemarle and strengthened its position in the zeolites market.
