The zeolite global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Zeolite Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The zeolite market size has grown strongly in recent years. It will grow from $17.96 billion in 2023 to $18.91 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to increasing demand for eco-friendly materials, growth in the agricultural sector, growth in the global pet industry, increasing focus on sustainable agriculture practices, and increasing awareness of zeolite’s health benefits.
The zeolite market size is expected to see strong growth in the next few years. It will grow to $23.32 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to increasing investments in expanding petrochemicals production, rising demand for phosphate-free detergents, rising number of public infrastructure projects, increasing use of zeolite as refrigeration adsorbents, and growing demand in the water treatment industry. Major trends in the forecast period include technological advancements, natural deodorizing agents, zeolite in food packaging, advanced zeolite-based adsorbents, and zeolite-based membranes.
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Scope Of Zeolite Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Zeolite Market Overview
Market Drivers –
The growing construction industry is expected to propel the growth of the zeolite market going forward. Construction refers to the process of building or assembling infrastructure and buildings, including residential, commercial, and industrial projects. The construction industry is growing due to increasing urbanization, rising housing and infrastructure demand, and government investment in development projects. Zeolite is required in the construction industry for its lightweight properties, ability to improve concrete strength, enhance durability, and provide thermal insulation, making it an effective mineral additive in building materials. For instance, in September 2024, according to the US Census Bureau, a US-based government agency, construction spending was estimated at a seasonally adjusted annual rate of $2,162.7 billion in July 2024, marking a 6.7% increase (±1.8%) compared to the $2,027.4 billion spent in July 2023. For the first seven months of this year, total construction spending reached $1,237.5 billion, up 8.8% (±1.2%) from the $1,137.4 billion spent during the same period in 2023. Therefore, the growing construction industry is driving the growth of the zeolite market.
Market Trends –
Major companies operating in the zeolite market are focusing on the launch of production plants to produce nutrient-infused zeolite. A production plant refers to a facility or building where goods are manufactured or produced in large quantities. For instance, in March 2023, International Zeolite Corp., a Canada-based company that explores, develops, produces, and distributes natural zeolite and zeolite-infused products, launched its first production plant in Jordan, Ontario (Canada), marking a significant milestone in the company’s growth. The plant can produce nutrient-infused zeolite through its NEREA technology, which aims to transform agricultural practices by increasing crop size and yield and reducing problematic waste from traditional fertilizer methods. The future expansion of the plant will enable the production of up to 25,000 kilograms of agricultural nutrient growth system products daily.
The zeolite market covered in this report is segmented –
1) By Type: Natural, Synthetic
2) By Application: Gas Separation, Odor Control, Ion Exchange, Catalysis, Adsorbent, Oil Refining, Detergent, Artificial Grass, Animal Feed, Other Applications
3) By End-Use Industry: Water Treatment, Agriculture, Petrochemical, Waste Treatment, Air Purification, Building And Construction, Nuclear Plants, Medical And Healthcare, Home And Industrial Cleaning, Other End-Use Industry
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Regional Insights –
Asia-Pacific was the largest region in the zeolite market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the zeolite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the zeolite market are BASF SE, Honeywell International Inc., Arkema Group, Tosoh Corporation, Clariant AG, W.R. Grace & Co., Zeochem AG, Zeolyst International, Gordes Zeolite, St. Cloud Mining Company, Zeolite Australia Pty Ltd., KNT Group, Blue Pacific Minerals Ltd., Zeotech Corporation, Ningbo Jiahe New Materials Technology Co. Ltd., Zeo Inc., International Zeolite Corp., Bear River Zeolite Co. Inc., Ida-Ore Zeolite, Teague Mineral Products, Rota Mining Corporation, KMI Zeolite, Shijiazhuang Jianda High-Tech Chemical Co. Ltd
Table of Contents
1. Executive Summary
2. Zeolite Market Report Structure
3. Zeolite Market Trends And Strategies
4. Zeolite Market – Macro Economic Scenario
5. Zeolite Market Size And Growth
…..
27. Zeolite Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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