Global Synthetic Zeolite Market is Expected to Reach USD 1.76 billion in 2020
Transparency Market Research has published a new report titled “Synthetic Zeolite Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.” According to the report, the global synthetic zeolite market was valued at USD 1.30 billion in 2013 and is likely to reach USD 1.76 billion in 2020, expanding at a CAGR of 4.4% between 2014 and 2020.
Zeolites are a group of hydrated aluminium silicates, which are available abundantly in nature. Zeolites are also synthesized industrially to suit specific application demands that are not met by natural zeolites. The three dimensional structural framework of synthetic zeolite allows for the manufacture of zeolites with different cavity sizes suitable for application as adsorbents and catalysts. The ion exchange property of synthetic zeolite is its most important characteristic, enabling its usage in applications such as detergents, adsorbents and catalysts, and providing scope for future applications such as anti-microbial agent.
Browse Market Research Report with TOC & Analysis: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3128
Synthetic zeolites can be segregated into detergents, adsorbents, catalysts and others by application type. Detergents application is the largest application, accounting for over 65% of the global demand. Demand for synthetic zeolites in detergents application is led by government initiatives to control phosphorus compound pollution in water bodies. Phosphates that are dominantly used in detergents enter water bodies through waste laundry water. Phosphates are known to be plant growth promoters.
These lead to growth of water algae, thereby endangering marine ecosystem and polluting drinking water. Synthetic zeolites are used as substitutes for phosphates in detergents. This application is a driving factor for the synthetic zeolite market. However, the market growth for the application has slackened, as zeolites have almost completely substituted phosphates from detergents. Growth of the segment depends on the development of the detergents market.
Asia Pacific accounted for the largest demand for synthetic zeolite in 2013. The synthetic zeolite market in the region is estimated to grow at the fastest pace globally in the next few years. Asia Pacific accounted for more than 40% of the global demand for synthetic zeolite in 2013. The synthetic zeolite market in Asia Pacific is dominated by demand for detergents application. Demand for synthetic zeolite in Asia Pacific is followed by demand in Europe and North America. Adsorbents application is the high growth segment in North America and Europe, although volume demand is dominated by detergents application.
Browse The Full Report at:
The report provides in-depth analysis of the synthetic zeolite market in terms of volume (kilo tons) and revenue (USD million). Additionally, the report includes current demand analysis and forecast for each product and application segment both globally and regionally. Regions analyzed include North America, Europe, Asia Pacific and Rest of the World.
The report comprises the following segments:
Synthetic Zeolite Market – Application Analysis
• Others (Including dietary supplements, wound care, silver zeolite, etc.)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyses information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.