DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/pzpf5n/global_zeolite) has announced the addition of the "Global Zeolite Market 2014-2018" report to their offering.
The analysts forecast the Global Zeolite market to grow at a CAGR of 7.33 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increased use of zeolites in catalysis and petroleum refining. The Global Zeolite market has also been witnessing the trend of increase in production capacities. However, the intense competition leading to price wars could pose a challenge to the growth of this market.
Key vendors dominating this space are Arkema Inc., BASF SE, Honeywell International Inc., and Tosoh Corp.
Other vendors mentioned in the report are Bear River Zeolite Co. Inc., Blue Pacific Minerals Ltd., Clariant Corp., Tricat Inc., W. R. Grace & Co., Zeolyst International Inc., and ZEOX Corp.
Commenting on the report, an analyst from the team said: Increase in production capacities of major vendors is a trend being witnessed in the Global Zeolite market. As a result of the growing demand for zeolite in applications such as catalysis, and detergent and adsorbent manufacturing, major players are investing heavily in exploration and development of new production sites to tap the surge in demand. Moreover, many vendors are increasingly adopting and investing in the production of synthetic zeolites to cater to the Catalyst Manufacturing sector, which is currently growing at a high rate.
According to the report, one of the key drivers in this market is the increased use of zeolite as a catalyst in petroleum refining, which is leading to the production of sustainable and pollution-free automobile fuels.
For more information visit http://www.researchandmarkets.com/research/pzpf5n/global_zeolite
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