DUBLIN--(BUSINESS WIRE)--The "Zeolite Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The global zeolite market reached a value of US$ 33 Billion in 2017.
Zeolites are largely used in the production of laundry detergents as substitutes for phosphates on account of their water softening properties. Restriction on the usage of phosphates due to environmental concerns has stimulated the demand for zeolites. This has further been supported by a rising demand for detergents in the emerging regions. Further, zeolites are extensively used as catalysts and adsorbents in the oil refining and petrochemical industry.
This can be attributed to their stability, cleansing ability and superior activity which help in the production of high quality transportation fuels and chemical products. A surging demand for fuels and chemical products worldwide coupled with a growing emphasis by the governments to use cleaner fuels has further enhanced the market growth.
Owing to these factors, the market is expected to reach a value of US$ 41 Billion by 2023, exhibiting a CAGR of 3.8% during 2018-2023.
The report has segmented the global zeolite market on the basis of type, covering natural and synthetic zeolites. The market is further analysed on the basis of applications which include detergent, catalyst, adsorbent and others. Amongst these, detergent represents the largest segment. Region-wise, North America is the leading market, accounting for the majority of the global share.
Some of the key players operating in the market include Arkema, BASF, Honeywell International, Tosoh Corporation and Zeochem.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Zeolite Market
6 Market Breakup by Type
7 Market Breakup by Application
8 Market Breakup by Region
9 Imports and Exports
10 Zeolite Manufacturing Process
11 Competitive Landscape
- Honeywell International
- Tosoh Corporation
For more information about this report visit https://www.researchandmarkets.com/research/ftj9bc/zeolite_market?w=4