Synthetic Zeolite Market 2020 - 2024: Post-Pandemic Industry Planning Structure | Technavio

LONDON--(BUSINESS WIRE)--The global synthetic zeolite market size is expected to grow by USD 346.39 million during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. Download latest version with COVID-19 analysis Free Sample Report

The demand from catalysts and absorbents is one of the major factors propelling market growth. However, factors such as increasing price wars will hamper the market growth.

The rising demand for catalysts and absorbents will be one of the major factors that will drive synthetic zeolite market growth. The R&D activities to manufacture advanced absorbents is increasing due to the growing environmental concerns and the rising demand from the automotive and air conditioning industries. This, in turn, will drive the growth of the market during the forecast period since synthetic zeolite is used as an absorbent in the automotive, compressed gas, and air conditioning industry for removing impurities and for drying gases and fluids.

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Global Synthetic Zeolite Market: End-user Landscape

Synthetic zeolites are mainly used in the detergent industry as detergent builders. Common zeolites used in detergents are Zeolite P, X, and AY. The global detergent market is growing significantly due to changing washing habits, a change in lifestyle, rapid urbanization, increasing disposable incomes, and the rising demand for industrial and household detergents. This growing detergent market is increasing the consumption of synthetic zeolites.

Global Synthetic Zeolite Market: Geographic Landscape

APAC was the largest synthetic zeolite market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising demand from the detergent, catalyst, absorbent, and paint industries will significantly drive synthetic zeolite market growth in this region over the forecast period. 40% of the market’s growth will originate from APAC during the forecast period. Japan, South Korea (Republic of Korea), and India are the key markets for synthetic zeolite in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Companies Covered

• Albemarle Corp.
• Arkema SA
• BASF SE
• Clariant International Ltd.
• CWK Chemiewerk Bad Kostritz GmbH
• Honeywell International Inc.
• PQ Corp.
• SHOWA DENKO K.K.
• Tosoh Corp.
• W. R. Grace and Co.

What our reports offer:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers market data for 2019, 2020, till 2024
• Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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Synthetic Zeolite Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist in synthetic zeolite market growth during the next five years
• Estimation of the synthetic zeolite market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the synthetic zeolite market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of synthetic zeolite market, vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five Forces Analysis
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Detergents - Market size and forecast 2019-2024
• Catalysts - Market size and forecast 2019-2024
• Adsorbents - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by End-user

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Albemarle Corp.
• Arkema SA
• BASF SE
• Clariant International Ltd.
• CWK Chemiewerk Bad Kostritz GmbH
• Honeywell International Inc.
• PQ Corp.
• SHOWA DENKO K.K.
• Tosoh Corp.
• W. R. Grace and Co.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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