The global zeolites market is expected to reach USD 6,520.2 Million by 2028, according to a new report by Reports and Data. The major benefits of synthetic zeolites, when compared with naturally occurring zeolites, are that they can be engineered with an extensive range of chemical properties and pore sizes and possess a high thermal stability and radiation resistance.
A major portion of synthetic zeolites produced are deployed in the detergents industry. Synthetic zeolites are environment-friendly and are used at an increasing rate as a raw material substitute to phosphates in detergent manufacturing. A rising population is expected to boost the demand for detergents, which, in turn, is projected to drive the demand for synthetic zeolites. Synthetic zeolites also find applications in the petrochemical industry as catalysts. They are commonly deployed in fluid catalytic cracking and hydrocracking of petroleum. Hence, the growing petrochemical sector is estimated to fuel the demand for synthetic zeolites. Synthetic zeolites are also beneficial as an additive in the making of asphalt concrete.
Synthetic zeolite finds application as a concrete stabilizing agent in several building mixes. By adding even a small amount of the product in the course of making cement suspensions used in the underground consolidating walls along with injectable mixes for filling cable voids, significantly enhances the mix stability.
Synthetic zeolites owing to their unique physicochemical properties have found widespread usage in many fields associated with agriculture. They are increasingly used in the production of mineral fertilizers with slow-release and as carriers of active ingredients of herbicides, fungicides, and pesticides.
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Synthetic Zeolites Market: Drive factors
The zeolites market is influenced by several drive factors that contribute to its growth and demand. Here are some of the key factors driving the synthetic zeolites market:
- Increasing demand in various industries: Synthetic zeolites find applications in various industries such as petrochemicals, detergents, construction, automotive, healthcare, and more. The growing demand for zeolites in these industries, particularly in catalysts, adsorbents, and molecular sieves, is a major driver for the market.
- Environmental regulations and sustainability: Synthetic zeolites are known for their exceptional adsorption and ion-exchange properties, making them valuable in environmental applications. With increasing environmental regulations and the need for sustainable solutions, zeolites are being extensively used for wastewater treatment, air purification, and soil remediation, driving the market growth.
- Growth in the detergent industry: Zeolites are commonly used as builders in detergents to improve cleaning efficiency and reduce environmental impact. As the detergent industry continues to grow, particularly in emerging economies, the demand for synthetic zeolites as detergent builders is expected to increase, positively impacting the market.
- Advancements in the oil and gas industry: Synthetic zeolites are widely used in the oil and gas industry as catalysts and adsorbents for various processes, including refining, petrochemical production, and gas separation. With the increasing demand for petroleum products and the need for efficient refining processes, the demand for synthetic zeolites in the oil and gas sector is expected to grow.
- Growing construction activities: Zeolites are used in construction materials such as concrete, adhesives, and coatings due to their moisture absorption properties, improved durability, and reduced environmental impact. With rapid urbanization and infrastructure development in emerging economies, the demand for synthetic zeolites in the construction sector is expected to witness significant growth.
- Technological advancements and innovation: Continuous research and development efforts to enhance the properties and applications of synthetic zeolites are driving market growth. The development of new zeolite structures, improved manufacturing techniques, and the discovery of novel applications are expanding the market opportunities for synthetic zeolites.
- Increasing focus on renewable energy: Zeolites play a crucial role in various renewable energy technologies, including adsorption-based heat pumps, gas separation, and catalytic processes for biomass conversion. As the world shifts towards cleaner and sustainable energy sources, the demand for synthetic zeolites in renewable energy applications is expected to rise.
- Growing demand in emerging economies: Rapid industrialization, urbanization, and improving living standards in emerging economies like China, India, and Brazil are driving the demand for synthetic zeolites. These countries have significant potential for growth in industries such as construction, automotive, and consumer goods, which are major consumers of synthetic zeolites.
Overall, the combination of increasing industrial applications, environmental regulations, technological advancements, and market demand from various sectors contributes to the drive factors behind the synthetic zeolites market.
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