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Global Synthetic Zeolites Market Research Report- by Type (Zeolite A, Zeolite Y, Zeolite X, Zeolite Zsm-5), by Application (Detergents, Catalysts, Adsorbents and Others) – Forecast till 2023Synthetic Zeolites are produced from sodium aluminum solution which is acquired by dissolving aluminum oxide hydrate in sodium hydroxide. These materials are manufactured depending on conditions of reaction, acidity, temperature and pressure. They have excellent ability to remove toxic or radioactive ions from water. Moreover, softening nature, high efficiency, and non-toxic properties of the product are the important trends and factors that are influencing the market. Therefore, they are used in various applications such as detergents, catalysts, adsorbents, and others.
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Global Top 10 Key Players in Synthetic Zeolites Industry
Some of the prominent players operating in the Global Synthetic Zeolites Market are Albemarle Corporation (U.S.), BASF SE (Germany), Honeywell International Inc. (U.S.), Clariant (Switzerland), W. R. Grace & Co.-Conn. (U.S.), Tosoh Corporation (Japan), Union Showa K.K. (Japan), Zeochem AG (Switzerland), Arkema S.A. (France), and Zeolyst International (U.S.) among others.
Intended Audience
Synthetic Zeolites Market Manufacturers
Traders and Distributors of Synthetic Zeolites Market
Production Process Industries
Potential Investors
Raw Material Suppliers
Nationalized Laboratory
Among the various segments in the Synthetic Zeolites Market, Zeolite Y segment holds a major portion on account of its growing use in fluid catalytic cracking (FCC) to produce diesel, gasoline and other products on a higher rate. This segment offers higher thermal stability owing to its greater silica content in Si/Al ratio. Zeolites are also used as catalysts and is estimated to grow at a higher CAGR due to its extensive use, in hydrocracking systems to produce diesel and petrol from naphtha. Moreover, they are also used in gas separation and water purification systems. On the other hand, the adsorbents segment is estimated to witness a rapid growth in the market due to the increasing consumption of zeolite pellets in waste water, refrigeration and air-conditioning systems.
Regional Analysis:
The Synthetic Zeolites Market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market due to the growing adoption of zeolite pellets in detergents, adsorbents, catalyst, and others. The catalyst segment holds the major portion and is anticipated to continue its dominance in the market due to increasing demand of synthetic materials in catalytic cracking, hydrocracking processes, during the forecast period. Therefore, countries such as China, Japan, and India are the major players in this market.
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The Latin American region is estimated to witness a recognized development in the market due to the growing consumption of synthetic materials in agriculture, petrochemical, and other sectors. Moreover, the Middle East & Africa is anticipated to witness a higher growth in the market due to increasing demand for zeolite catalyst in end-use industries.
Segmental Analysis:
The Global Synthetic Zeolites Market is segmented into the type, and application. On the basis of the type, the market is further categorized into Zeolite A, Zeolite Y, Zeolite X, Zeolite Zsm-5 segments. Among these, the Zeolite Y segment holds a majority of the market share due to extraordinary features such as thermal stability, durable and reliable nature offered by the product. This segment is set to continue its dominance due to the growing consumption of product in automobile, oil & gas, and petrochemical sectors. The market by application is further categorized into detergents, catalysts, adsorbents, and others. Among these, the catalyst segment accounts for major share of the market owing to boundless use of catalyst in purification, refining and other systems as it increases the aromatic content of refined products. The growing demand for adsorbents in refrigeration, air-conditioning systems is set to drive the market during the assessment period. Therefore, the ability of zeolite catalyst to break the complex hydrocarbon molecules into gasoline, diesel, kerosene, waxes are the major reasons behind their growing demand in most of the heavy-end industries.
Contact Info:
Name: Abhishek
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Organization: Market Research Future
Website: https://www.marketresearchfuture.com/reports/synthetic-zeolites-market-5018
Release ID: 430947
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