Synthetic zeolite is used as a heterogeneous catalyst in different traditional and emerging catalytic processes. The aluminosilicate form of synthetic zeolite is gaining increasing demand due it its use in the petrochemical industry as a shape selective acid. The demand for synthetic zeolites is rising by the day due to the discovery of aluminophosphate zeolites. It is mostly used in the detergent industry for the removal of hardness and heavy metal ions gas, water retention, adsorption, and neutralization of acid water properties.
MARKET SCOPE
The "Global Synthetic Zeolites Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Synthetic zeolites market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading Synthetic zeolites market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global Synthetic zeolites market is segmented into Zeolite A, Type X, Type Y, USY, and ZSM-5.
- Based on application, the global Synthetic zeolites market is segmented into detergent builder, drying, separation, & adsorption, and catalytic cracking, & specialties
MARKET DYNAMICS
Drivers:
- The rising demand of absorbents in various industries all around the globe.
- Rising demand for synthetic zeolites in the detergent industry, coupled with the increasing number of end-use industries for synthetic zeolites.
Restraints:
- Low exploitation of synthetic zeolite.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Synthetic zeolites market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Synthetic zeolites market in these regions.
IMPACT OF COVID-19 ON SYNTHETIC ZEOLITES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the Synthetic zeolites market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Synthetic zeolites market are anticipated to lucrative growth opportunities in the future with the rising demand for Synthetic zeolites in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Synthetic zeolites market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Albemarle Corporation
- Arkema S.A
- BASF SE
- Clariant AG
- Honeywell International Inc
- Knt Group
- Tosoh Corporation
- Union Showa K.K.
- W. R. Grace & Co.
- Zeochem AG
- Zeolyst International
- Huiying Chemical Industry
- Chemiewerk Bad Kostritz GMBH
- National Aluminium Company Limited
- PQ Corporation
- ANTEN CHEMICAL CO., LTD.
- International Zeolite Corp
- Industrias Qu?micas del Ebro, S.A
- Rive Technology
- Dalian Haixin Chemical Industrial Co., Ltd.