With a purpose to edify readers about the actual scenario prevailing across the global zeolites market, Fact.MR has published a new study titled “Zeolites Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019 to 2029”. The assessment discourses that zeolite synthesis has developed as an active area of research, since zeolites with uniform microscopes continue to behave as a key imperative concerned with industrial processes like separation, catalysis and adsorption, while pursuing new applications in chemical sensors, medical, electronics and magnetism.
According to research insights, the global zeolites market acquired ~US$ 10.6 Bn in 2018, and is projected to rise at a CAGR of 3% through 2029. Steady gains can be accredited to the swelling demand of zeolites as catalysts, molecular sieves and ion exchangers across diverse end-use industries. This report diligently spotlights some of the prime market facets such as key trends, macro-economic factors, value chain analysis, and market dynamics.
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Natural Zeolites Acquire Major Volume Share
It is vital to know that zeolites in both, natural and synthetic form, are widely used across diverse end-use industries. Interestingly, natural zeolites function as the sought-after category accounting for ~60% volume share in the global market. This growth is directly linked to their use in the water treatment industry. Furthermore, the potential of natural zeolites to tackle environment concerns associated to the presence of heavy metals in wastewater is influencing adoption in recent years.
Europe and East Asia Expected to Serve as Rewarding Markets for Zeolites
Based on this study, Europe and East Asia together account for ~60% share of the zeolites market. It should be known that rapid industrialization as well as growing investments in the industrial sectors within these regions, are anticipated to function as leading growth motivators for the zeolites market. Furthermore, growing count of research demonstrations and tests fitting to zeolites across Asian nations has pulled in higher traction from various investors active in the global zeolites market.
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Agricultural Sector Promises Better Revenues
Quite recently, the agriculture industry has scratched out ways to make efficient use of zeolite, thereby, offering incremental opportunities to zeolite manufacturers. Some of the high-end features of natural zeolites such as high water retention and ion exchange capacity are viewed for production of fertilizers. Furthermore, the ability of zeolites to avert the entry of undesirable metals like zinc, lead and copper into the food chain, would further fortify their demand concerned with the production of fertilizers.
As the report concludes, readers are offered information related to key companies and their contributions made in the global zeolites market. The report highlights that while leading companies obey to vertical integration, mid-level competitors are focusing towards efforts concerning product portfolio expansion as well as customer base enhancement. Some of the leading players operative in the global zeolites market are PQ Corporation, Sachem Inc. , ROTA MINING CORPORATION, Blue Pacific Minerals Ltd. , Clariant AG, Tosoh Corporation, KNT group.
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