Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 49.87 Billion | USD 64.81 Billion | 3.33% | 2022 |
The global specialty zeolites market size was worth around USD 49.87 billion in 2022 and is predicted to grow to around USD 64.81 billion by 2030 with a compound annual growth rate (CAGR) of roughly 3.33% between 2023 and 2030.
The specialty zeolites are the type of zeolites that involve specialty synthesis, mainly the high-pressure synthesis. At the time of crystallization/synthesis, some specialty organic additives are also added. Small amounts of specialty zeolites are utilized for the adsorption purposes in plastics, paints & coatings, construction materials, and personal care.
The increased use of the specialty zeolites in the paints and coatings industry is the major factor driving the growth of the market. The specialty zeolites are used to eliminate the odor and in improving the adsorption of the volatile organic compounds. Due to the implementation of the strict government regulations in order to eliminate the volatile organic compounds that are present in the paints and coatings the use of the specialty zeolites has increased widely thus increasing the demand for specialty zeolites market.
The specialty zeolites are also being used widely in the construction industry as they can be used in manufacturing lightweight blocks required in the construction. They are also used to produce lightweight concretes which are of high quality. Owing to these benefits the demand for the specialty zeolites market is growing in the emerging economies due to the increasing constructional projects. The other end-user industry that is having an increased demand for the specialty zeolites is the plastic industry.
The availability of other adsorbents and their growing utilization, for instance, silica gel and activated carbon, is limiting the growth of the specialty zeolites market.
Report Attributes | Report Details |
---|---|
Report Name | Specialty Zeolites Market Research Report |
Market Size in 2022 | USD 49.87 Billion |
Market Forecast in 2030 | USD 64.81 Billion |
Growth Rate | CAGR of 3.33% |
Number of Pages | 215 |
Key Companies Covered | Tosoh Corporation, Honeywell UOP, BASF SE, Zeochem AG, Clariant, Arkema Group, Albermarle Corporation, W. R Grace & Company, and Zeolyst International among others. |
Segments Covered | By End User and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The specialty zeolites market is classified on the basis of end-user and geography. Based on end-user, the specialty zeolites market has been classified into paints & coatings, plastics, personal care, and construction materials. The paints & coatings segment is anticipated to be the most dominating segment followed by plastics and construction materials.
Regionally, the specialty zeolites market can be segmented into Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa. Europe is expected to be in the leading position for specialty zeolites market, followed by the Asia Pacific and North America. North America is expected to develop at a reasonable rate in the years to come owing to mature end-user industries. It is also estimated that Asia Pacific countries will witness a high growth rate in the future due to the healthy economic growth rate, infrastructural advancement, and quick growth rate in both industrialization and urbanization. India is projected to show a considerable development in construction division, as compared to China, which is going to boost the growth of the specialty zeolites market in the years to come.
The global specialty zeolites market is led by players like:
By End User
Global Specialty Zeolites Market: Regional Segment Analysis
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FrequentlyAsked Questions
Specialty zeolites are widely used as catalysts in various chemical processes. Their unique structure and acidity make them effective in catalyzing reactions in industries such as petrochemicals, refining, and fine chemicals.
Specialty zeolites are widely used as catalysts in various industrial processes. The growth of industries such as petrochemicals, chemicals, and refining can drive the demand for specialty zeolites.
The global specialty zeolites market size was worth around USD 49.87 billion in 2022 and is predicted to grow to around USD 64.81 billion by 2030.
The global specialty zeolites market with a compound annual growth rate (CAGR) of roughly 3.33% between 2023 and 2030.
Regionally, the specialty zeolites market can be segmented into Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa. Europe is expected to be in the leading position for specialty zeolites market, followed by the Asia Pacific and North America.
Some of the major companies in the global specialty zeolites market are Tosoh Corporation, Honeywell UOP, BASF SE, Zeochem AG, Clariant, Arkema Group, Albermarle Corporation, W. R Grace & Company, and Zeolyst International among others.
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