Global Demand for Zeolite to Reach US$ 12.19 Billion by 2024, Says Fact.MR

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The global demand for zeolite is projected to reach a market valuation of US$ 12.19 billion by 2024 and US$ 19.85 billion by 2034, according to a study published by Fact.MR, a market research and competitive intelligence provider. Zeolite, a lightweight material, is in high demand in the construction industry for its ability to increase the durability and mechanical strength of construction materials such as concrete and cement. The growing investments in the production of petrochemicals have also contributed to the market expansion for zeolite suppliers.

As regulations have been imposed to reduce the use of phosphate in detergent production, the demand for zeolites has increased due to their low toxicity compared to other alternatives. Additionally, zeolites are being used as refrigeration adsorbents and in water treatment procedures, further driving their sales.

The study reveals that worldwide sales of zeolite are estimated at US$ 12.19 billion in 2024, with a projected growth rate of 5% CAGR from 2024 to 2034. East Asia is expected to account for a significant share of the global market revenue, with South Korea leading in sales growth at a CAGR of 6.3% during the same period. The demand for zeolites in East Asia is anticipated to increase due to the growing demand for water recycling plants, petrochemical plants, and the production of animal feed and cement.

Key market players in the zeolite industry include BASF, Albemarle Corporation, Blue Pacific Minerals, Clariant AG, and Zeolyst International.

Overall, the rising investments in petrochemical production and the growth of the detergent industry are key factors driving the demand for zeolite.

Zeolite is a lightweight material that finds extensive use in the construction industry due to its ability to enhance the durability and mechanical strength of construction materials like concrete and cement. Its demand in the market has been steadily increasing, and according to a study by Fact.MR, the global zeolite market is projected to be valued at US$ 12.19 billion by 2024, and it is expected to reach US$ 19.85 billion by 2034.

One of the major factors contributing to the growth of the zeolite market is the rising investments in petrochemical production. Zeolites play a crucial role in petrochemical plants by acting as catalysts and adsorbents, improving the efficiency of various chemical reactions. As a result, zeolites have become essential in the production processes of various petrochemicals, driving the demand for zeolite suppliers.

Additionally, the regulations imposed to reduce the use of phosphate in detergent production have also fueled the demand for zeolites. With their low toxicity compared to other alternatives, zeolites have become preferred ingredients in detergents. Their ability to remove calcium and magnesium ions from hard water makes them highly effective in cleaning applications.

Furthermore, zeolites are also being increasingly employed as refrigeration adsorbents and in water treatment procedures. Their unique molecular structure allows them to adsorb and release water molecules, making them useful in refrigeration systems. In water treatment, zeolites are utilized for ion exchange and filtration processes, aiding in the removal of contaminants.

In terms of market forecast, the study predicts a compound annual growth rate (CAGR) of 5% for zeolite sales from 2024 to 2034. East Asia is expected to be a significant market for zeolite, with South Korea leading in sales growth with a CAGR of 6.3% during the same period. The increasing demand for water recycling plants, petrochemical plants, and the production of animal feed and cement are driving the Zeolite market in this region.

Some of the key players in the zeolite industry include BASF, Albemarle Corporation, Blue Pacific Minerals, Clariant AG, and Zeolyst International. These companies are actively engaged in the production and distribution of zeolite to cater to the growing market demand.

Overall, the growing investments in petrochemical production, the regulations on phosphate usage in detergents, and the expanding applications of zeolite in refrigeration and water treatment are the main factors contributing to the increasing demand for zeolite in the market.