Global Synthetic Zeolites Market Analysis, 2013-2023
発行: Market Krystal
ページ情報: 英文 120 Pages
Synthetic zeolites are sodium aluminum solutions. Its chemical formula is retrieved by dissolving aluminum oxide hydrate in sodium hydroxide. This solution has excellent toxin removal properties. Thus, the industries where it is used are mostly detergents, adsorbents, catalysts, and antiseptics. Synthetic zeolites can also remove radioactive ions from water.
The report on global synthetic zeolite market is based on secondary and primary research performed by the analysts at Market Krystal. As per the report, zeolite Y segment of the solution is the most used one, because of its fluid catalytic cracking for production of gasoline, diesel and some other fuels. For the same properties, gas separation and water purification need zeolites as well. Zeolite A, zeolite X, and zeolite zsm-5 are the other common segments.
Global synthetic zeolites market has been valued at US $ XXX billion in the year 2017. This figure registers a growth of XXX% on an annual basis since the market value of 2013. After this forecast period, it is like to become US $ XXX billion by 2026 translating into a CAGR of XXX% every year.
The significant growth drivers behind the increased demand for synthetic zeolites is increased investment in consumer durables by customers as refrigerators, and air conditioners consume zeolite pellets in massive quantities. Thus, the adsorbents industry needs more and more synthetic zeolites every day. Since most of Europe, America, and Asia are using petrochemical, nuclear, oil and gas extensively, it has increased the need for synthetic zeolites. Additionally, the government regulations against using phosphorus in detergents, because it used to flow into the water bodies and destroyed the marine ecosystem, have worked brilliantly in favor of the zeolites market. To name a roadblock facing the market, the places where phosphorus regulations are yet to be strictly controlled by the government, the zeolite is missing out on more global market opportunities.
The Asia Pacific, North and South America, the Middle East, Europe and Africa - all of these places have a big market for synthetic zeolites. But Asia has a much higher number of households which use more detergents, adsorbents, and catalysts - the primary segments of the market. China, Japan, and India lead the market because of the popularity of processes like catalytic cracking and hydrocracking.
The leading companies in the market of synthetic zeolites are Honeywell International and Albemarle Corporation.
The research process at Market Krystal begins with the bifurcation of synthetic zeolites market into smaller segments, followed by tracking the factors affecting each segment of the market. All types of material were tracked for different application in different countries across the globe. The findings were validated by conducting interviews with business leaders from diverse background.