Global Specialty Zeolites Market was valued US$ XX Mn. in 2019 and is expected to grow US$ XX Mn. by 2027, at a CAGR of 3.4% during the forecast period.
Global Specialty Zeolites Market
The specialty zeolites involve specialty synthesis, mostly the high-pressure synthesis. At the time of synthesis, some specialty organic additives are also added. The unique honeycomb lattice framework of oxygen, hydrogen, silicon, and aluminum gives the product special properties that enable it to be used in a wide variety of industries. Small amounts of specialty zeolites are utilized for adsorption purposes in plastics, paints & coatings, construction materials, and personal care.
Key players of the market for specialty zeolites profiled in the report include Tosoh Corporation, Arkema Group, BASF SE, Clariant, W. R. Grace & Co., Albermarle Corporation, Zeochem AG, Zeolyst International, Eurecat, Honeywell UOP, and other fifteen players. Company profiles consist of attributes like a company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent developments, acquisitions, and financial overview (wherever applicable).
The demand from the paints & coatings industry, growing preference & rate of use of other adsorbents correspondingly. Also, the factors like rising in the product use, because of stringent government rules and guidelines in place to eliminate volatile organic compounds are expected to drive the global specialty zeolites market. The surge in construction activities across different segments around the world is contributing to business growth, mainly in emerging economies, such as China, Japan, India, Brazil, and Mexico. The product demand in these countries will promote, thanks to infrastructural raise together with permission for Foreign Direct Investment (FDI) in the construction sector. It also positively boost product demand across residential as well as non-residential construction projects, due to reformed and encouraging government policies, trade regulations, tariffs, and taxes.
Specialty zeolites market share contributors are putting efforts into R&D for discovering some new properties and prospective applications of the product. Also, high product features, like superior cation exchangeability, crystalline structure, and chemical composition will cover new specialty zeolites market growth opportunities by 2024.
Global Specialty Zeolites Market1
One of the key trends in the global specialty zeolites market is increasing consumption in the paints & coatings industry. The Asia-Pacific and the Middle Eastern regions are expected to witness massive demand for paints and coatings, because of major investments being made into the construction sector. In Asia-Pacific, the growth of the construction sector is majorly driven by rising in residential construction projects, to meet the accommodation requirements of the rising population. The Middle East & African region, conversely, have been observing a vast rise in industrial and institutional construction. The Middle Eastern countries, like Saudi Arabia, the United Arab Emirates, and Qatar, have been trying to grow its tourism, healthcare, and manufacturing industry, with a purpose to reduce their economic dependence on the oil & gas industry. Therefore, all such encouraging trends in the global construction sector are expected to drive the demand for, and growth of, the paints and coating market, during the forecast period.
On the other hand, the manufacturing process of the product is very complex, which makes it more costly than other forms of zeolites that are a hurdle in the growth of the specialty zeolites market. Also, the demand for product substitutes, like silica gel and activated carbon in the paints & coatings and construction materials industry is resulting in declining product demand. Both the substitutes are relatively reasonable and are thus chosen over the product.
Region-wise, Europe is expected to hold the largest market share of the global specialty zeolites market, followed by the Asia Pacific and North America. North America is expected to hold the leading position in the global market in the future, on account of mature end-user industries. It is also expected that Asia Pacific countries, such as China, India, Malaysia, Singapore, and Thailand will witness a high growth rate in the future, thanks to the healthy economic growth rate, infrastructural advancement, and quick growth rate in both industrialization and urbanization. India is expected to show significant development in the construction division, as compared to China, which is going to boost the growth of the specialty zeolites market in the future.
BASF launched its new FCC catalyst Luminate™, which is based on improved zeolite Y technology. Commercial trials were carried out in multiple FCC units that showed increase in liquid yields with low delta coke. BASF announced the construction of its third production plant of specialty zeolites that are used for the production of mobile emission catalysts. This will double its production capacity of special zeolites.
The objective of the report is to present a comprehensive analysis of the Global Specialty Zeolites Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Specialty Zeolites Market dynamics, structure by analyzing the market segments and project the Global Specialty Zeolites Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Specialty Zeolites Market make the report investor’s guide.
Scope of the Global Specialty Zeolites Market
Global Specialty Zeolites Market, By End-user
• Paints & Coatings
• Construction Materials
• Personal Care
Global Specialty Zeolites Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Specialty Zeolites Market
• Tosoh Corporation
• Arkema Group
• BASF SE
• W. R. Grace & Co.
• Albermarle Corporation
• Zeochem AG
• Zeolyst International
• Honeywell UOP
• PQ Corporation
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