Rockville, MD -- (SBWIRE) -- 09/09/2019 -- According to the study, sales of zeolites will remain relatively larger in the manufacturing of detergents, accounting for ~30% shares. The shifting focus of the detergent manufacturers from phosphates to zeolites, in light of the favorable ecological attributes, will remain a key growth influencer for the zeolites market.
The agriculture industry expected to create incremental opportunities for the zeolite manufacturers, as the high water retention and ion exchange capacity of natural zeolites are eyed for production of fertilizers. Additionally, the ability of zeolites to prevent the entry of undesirable metals such as lead, zinc, and copper into the food chain, will further underpin their demand in the production of fertilizers.
According to the study, Europe and East Asia collectively account for ~60% share of the zeolites market. Rapid industrialization and growing investments in the industrial sectors across these regions, are likely to remain leading influencers of growth for the zeolites market. Growing number of research demonstrations and tests apropos of zeolites across Asian nations has further attracted the attention of the market players for investments.
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Zeolites in both, natural and synthetic form, are being widely used across a plethora of end-use industries. Accounting for ~60% volume share of the global market, natural zeolites remain the sought-after category, significantly complemented by their use in the water treatment industry. Environment concerns relating to the presence of heavy metals in wastewater, and the potential of natural zeolites to resolve these have been driving their adoption in recent years.
The synthetic zeolites will also remain attractive among end-users, in light of their greater thermal stability and unmatched properties as specific catalysts. From purification of industrial and municipal wastewater, to restoration of degraded soil and soil modification, adoption of synthetic zeolites will remain significant in the foreseeable future.
Companies operating in the zeolites market are concentrating their efforts towards developments in the synthetic variant, apart from their focus on capacity expansions and new product developments for remaining ahead of the curve. For instance, BASF launched a new generation of FCC catalysts, based on a novel Improved Zeolite Y (IZY) technology for gasoil refiners, which is tailored to offer superior conversion and improve coke selectivity, thereby being able to aid refineries in maximizing profitability.
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