Zeolites Market by Type (Natural and Synthetic) and End-Use Industry (Agriculture, Petrochemical, Water Treatment, Building & Construction, Personal Care, and Others): Global Market Size Estimates and Forecast (2022-2030)
The market crossed US$ 12.6 billion mark in 2022 and is expected to hit US$ 16.5 billion by 2030, recording an approximate CAGR of 3.4% during the forecast period.
Rapid growth of the global petrochemical industry
Zeolites are microporous, three-dimensional crystalline solids of aluminium silicate. There are two types of zeolites: natural and synthetic. Zeolites are widely used as catalysts in several reactions such as cracking, isomerisation, and hydrocarbon synthesis. In the petrochemical industry, zeolites are used as catalysts, adsorbents, and ion exchangers. The global petrochemicals industry has witnessed massive growth in the recent years. According to IEA, petrochemical feedstock accounts for 12% of global oil demand which is mainly driven by increasing demand for plastics, fertilizers, packaging materials, tyres, polymers, and other products. Thus, with the rapid growth of the global petrochemicals industry, the demand for zeolites is expected to grow at a significant rate in the coming years.
Within the report, the market is segmented into type, end-use industry, and geography. By type, the market is segmented into natural and synthetic. Based on end-use industry, the market is segmented into agriculture, petrochemical, water treatment, building & construction, personal care, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Rising Demand for Water Treatment Application
Zeolites are used as adsorbents for water and wastewater treatment applications due to their high porosity, large specific surface area, and high cation exchange capacity. Zeolites adsorb the contaminants in water by ion exchange mechanism. Therefore, zeolites are used in water purifiers and water softeners. Zeolites can treat turbidity in water, remove heavy metal concentration, and adsorb pathogens and bacteria. Zeolites are also largely used for wastewater treatment, pollution control, radioactive water treatment, and treatment of water in fishing and aquaculture. With improving lifestyle of people and increasing prevalence of waterborne diseases, the demand for zeolites for water treatment has increased significantly. This factor is driving the market growth.
Benefits of Zeolite-based Personal Care Products
Zeolites are widely used in personal care products such as facial scrubs, body scrubs, lotions, cleansers, and face masks. Zeolites are used as anticaking agents in powdered cosmetics. Moreover, they are used to adsorb odors in lotions and creams. Zeolites produce smoothening and warming effect when activated with water. Moreover, zeolites control the rheological properties in face masks and facial makeup products. Thus, the versatile applications of zeolites in personal care products are driving their demand across the personal care industry which is further propelling the market growth.
Recent strategic developments in zeolites market
The zeolites market has undergone several significant developments, and a few of these have been mentioned below:
- In July 2020, BASF launched a Fluid Catalytic Cracking (FCC) catalyst with Advanced Innovative Matrix (AIM) and IZY (Improved Zeolite-Y) technologies under the name Altrium
- In June 2018, Albemarle Corporation went into partnership with Sinopec Catalyst Co. Ltd. (SCC) and Sinopec Fushun Research Institute of Petroleum and Petrochemicals (FRIPP) which will strengthen its position in the zeolites market
The zeolites market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Albermarle Corporation, Arkema Group, BASF SE, Honeywell International Inc., Clariant AG are among the prominent players operating in the market.
Target audience for the report:
- Raw material providers
- Manufacturers and distributors of zeolites
- Government bodies, such as regulating authorities and policy makers
- Manufacturers of personal care products
- Water treatment agencies
- Petrochemical industries
- Raw material providers for the building and construction sector
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Type:
- Natural
- Synthetic
- End-Use Industry:
- Agriculture
- Petrochemical
- Water Treatment
- Building & Construction
- Personal Care
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- Albermarle Corporation
- Arkema Group
- BASF SE
- Honeywell International Inc.
- Clariant AG
The List of Companies
- Albermarle Corporation
- Arkema Group
- BASF SE
- Honeywell International Inc.
- Clariant AG