ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has recently published a market study that presents complete information and detailed analysis of the synthetic zeolite market for detergents, adsorbents, catalysts and various other applications.
According to the research report, titled “Synthetic Zeolite Market for Detergents, Adsorbents, Catalysts and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, the global market for synthetic zeolite was worth US$1.30 billion in 2013. Developing at a moderate CAGR of 4.4% during the period of 2014 to 2020, the global market is estimated to attain a value of US$1.76 billion by end of the forecast period.
The research study provides a comprehensive study of the market for synthetic zeolite all over the world, analyzing it on the basis of application and regional distribution.
Synthetic zeolite is a group of synthetically hydrated aluminosilicate minerals, which contains alkali and alkaline metals. The ion exchange property is a major characteristic of synthetic zeolite that enables it to be used in a number of applications, such as adsorbents, detergents, catalysts and others.
According to application, the detergents market holds the largest share of the global synthetic zeolite industry, taking up over 65% of the global demand. The demand for synthetic zeolites in the detergents industry is boosted by government initiatives to curb pollution due to phosphorus compound in water bodies. However, this market is experiencing a decline currently, as synthetic zeolites have almost entirely replaced phosphates from detergents.
Regionally, Asia Pacific held the largest share, accounting for 40% of the total demand for synthetic zeolite in 2013. The synthetic zeolite market in this region is expected to develop at the fastest rate in the next few years.
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Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.