Industry Outlook and Trend Analysis
The Synthetic Zeolites Market was worth USD 1367.5 Million in the year 2014 and is expected to reach approximately USD 1963.4 Million by 2023, while registering itself at a compound annual growth rate (CAGR) of 4.10% during the forecast period. Synthetic Zeolites is powdered element that is used in resins, sealants, coatings, adhesives, etc. for removal for evident water. It also has the ability to curb smell from the manufactured entities. The manufacturing of Synthetic Zeolites involves the process of mixing aluminum oxide hydrate in sodium hydroxide and forming a solution of sodium aluminum. Manufacturing of these materials is done based on different circumstances like acidity, pressure reaction and temperature. The factors of Synthetic Zeolites that are responsible for manipulating the market; non-toxic properties, softening nature and high efficiency.
Type Outlook and Trend Analysis
On the basis of type Synthetic Zeolites are divided into Zeolite Y, Zeolite A, Zeolite X, Zeolite Zsm-5 and others. Out of these types Zeolite Y holds the more market shares considered to other types, due to its use in variety of products like gasoline, fluid catalytic cracking (FCC) to produce diesel and some other products. The more amount of silica in Si/Al ratio gives it increased thermal strength.
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Application Outlook and Trend Analysis
On the basis of application the market is divided into absorbents, catalyst, detergents and others. The more influential among them are catalysts. Catalysts have a variety of uses like gas separation, refining, water purification and others like increasing the aroma in finished products. Absorbents in this division hold the position after catalysts due to increasing use in; air-conditioning, waste water management and absorbents in refrigeration. Also used in detergent industry due the property of producing aromatic effect.
Regional Outlook and Trend Analysis
The market of Synthetic Zeolites is spread over the globe looking to the extensive are of application. Catalysts are holding the lead in Synthetic Zeolites market due rising demand for catalytic cracking, hydrocracking process, etc. Asia Pacific region is leading the market owing to the use of Synthetic Zeolites in catalysts, detergents, absorbents and other uses. Countries like India, Japan and China are the key players in Asia Pacific region. North American region is booming due to use of Synthetic Zeolites zeolite molecular sieve for petrochemical, oil & gas and other industries. The countries like Canada, US and Mexico are leading in this region due to products with non-toxic nature and excellent softening properties in heavy end-use industries. The applications of Synthetic Zeolites like water purification, air conditioning, refrigeration and other applications is the reason of growth in the European market. The increased use of synthetic materials in petroleum, agriculture and other sectors is the reason for boom of Synthetic Zeolites market in Latin American region.
Competitive Insights
The leading players in the Synthetic Zeolites market are; Zeochem AG, Arkema S.A., Global Synthetic Zeolites Market are Albemarle Corporation, Zeolyst International, BASF SE, Clariant, Tosoh Corporation, W. R. Grace & Co.-Conn., Union Showa K.K., and Honeywell International Inc.
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The Synthetic Zeolites market is segmented as follows-
By Type:
Zeolite Y
Zeolite A
Zeolite X
Zeolite Zsm-5
Others
By Applications:
Catalyst
Detergents
Absorbents
Other
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Some of the key questions answered by the report are:
What was the market size in 2012 and forecast from 2013 to 2022?
What will be the industry market growth from 2013 to 2022?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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