Zeolite Market Size Expected to Reach US$16.5 Billion at a CAGR of 5.2% by 2030 – IndustryARC

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Growing Nuclear Power Generation Fuels Global Zeolite Market Growth

HYDERABAD, TELANGANA, INDIA, September 20, 2022 /EINPresswire.com/ — IndustryARC, in its latest report, predicts that Zeolite market the size is expected to reach US$16.5 billion by 2027 and is expected to grow at a CAGR of 5.2% during the forecast period 2022-2027. Zeolites are aluminosilicate minerals that form when volcanic and feldspathic rocks are weathered at low temperatures. In a three-dimensional structure of silicon dioxide, silicon atoms are replaced by aluminum atoms to form aluminosilicate. It contains alkali and alkaline earth metals. The majority of important catalytic processes use zeolites as catalysts, or more broadly molecular sieves, in many industries. The microporous structure of zeolites can be used to sieve molecules of specific size and allow them to penetrate the pores. This microporous structure of zeolite has an important application in the separation of gases. The increase in nuclear power generation and the potential scope of animal feed production in the future are the driving factors of the zeolite industry, while the deactivation of zeolite by irreversible adsorption is the restraining factor of the zeolite market. The report offers a comprehensive analysis of the market, its main segments, growth factors, trends, drivers and challengers, key players and more.

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https://www.industryarc.com/Report/16416/zeolites-market.html

Key points to remember:

1. Asia-Pacific holds the largest share of the global zeolite market. This growth is mainly due to increased demand for consumer products and fuels in the petrochemical industry.

2. Water treatment is expected to be an important segment due to huge investment opportunities in sewage treatment and waste water treatment.

3. Zeolites play an important role in several industries such as medical & healthcare and building & construction which is expected to provide significant growth opportunities for the global market.

4. As a catalyst, zeolite is used in various applications such as nuclear power plants, agriculture, household and industrial cleaning, etc., which contributes to the growth of the market.

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https://www.industryarc.com/pdfdownload.php?id=16416

Segmental analysis:

1. The catalysis segment held the largest share of the zeolite market in 2021 and it is expected to grow with a CAGR of around 4.8% during the forecast period 2022-27. Zeolites are exceptionally effective catalysts for a variety of critical organic chemical processes.

2. The water treatment segment held the largest share of the zeolite market in 2021 and it is expected to grow with a CAGR of around 5.6% during the forecast period 2022-27. Zeolite is an excellent filter media for water filtration.

3. According to India Investment Grid, in 2021, there are 635 water treatment plant investment opportunities in India across different states worth US$106.46 billion. In addition, there were 432 wastewater treatment investment opportunities worth US$10.7 billion. Thus, the potential reach of the water treatment industry is expected to drive the global zeolite market.

4. Asia-Pacific is the leading region and accounts for the largest zeolite market share in 2021 up to 38%. This growth is mainly attributed to the increase in demand for zeolites in several end-use industries in this region, such as petrochemicals, water treatment, nuclear power plants, and medicine and healthcare.

5. According to White & Case LLP, China’s refining capacity is expected to increase from 17.5 million barrels per day at the end of 2020 to 20 million barrels per day by 2025. Chinese crude oil imports have reached a new high. peak in 2020, and the Energy Agency estimates that China will overtake the United States as the world’s largest refiner of crude oil by 2022. India aims to more than double its refining capacity to 8 million barrels per day by 2025.

Competitive Landscape:

The top 5 players in the zeolite industry are –

1. Clarifying

2. BASF SE

3. WR Grace & Co.

4. KMI Zeolite

5. Rota Mining Corporation

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Why choose IndustryARC?

IndustryARC is one of the world’s leading market research and consulting companies. It produces over 500 unique market reports every year. If you are looking for a detailed overview of a particular market, you can simply connect with the team at IndustryARC. You can not only buy your favorite market report from the website, but also get personalized support on specific reports.

Related reports:

A. Synthetic Zeolite Market

https://www.industryarc.com/Research/Synthetic-Zeolites-Market-Research-500086

B. Market for natural zeolites

https://www.industryarc.com/Research/Natural-Zeolites-Market-Research-503619

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