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Synthetic Zeolite Market 2020 - 2024: Post-Pandemic Industry Planning Structure | Technavio


The global synthetic zeolite market size is expected to grow by USD 346.39 million during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. Download latest version with COVID-19 analysis Free Sample Report

The demand from catalysts and absorbents is one of the major factors propelling market growth. However, factors such as increasing price wars will hamper the market growth.

The rising demand for catalysts and absorbents will be one of the major factors that will drive synthetic zeolite market growth. The R&D activities to manufacture advanced absorbents is increasing due to the growing environmental concerns and the rising demand from the automotive and air conditioning industries. This, in turn, will drive the growth of the market during the forecast period since synthetic zeolite is used as an absorbent in the automotive, compressed gas, and air conditioning industry for removing impurities and for drying gases and fluids.

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Global Synthetic Zeolite Market: End-user Landscape

Synthetic zeolites are mainly used in the detergent industry as detergent builders. Common zeolites used in detergents are Zeolite P, X, and AY. The global detergent market is growing significantly due to changing washing habits, a change in lifestyle, rapid urbanization, increasing disposable incomes, and the rising demand for industrial and household detergents. This growing detergent market is increasing the consumption of synthetic zeolites.

Global Synthetic Zeolite Market: Geographic Landscape

APAC was the largest synthetic zeolite market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising demand from the detergent, catalyst, absorbent, and paint industries will significantly drive synthetic zeolite market growth in this region over the forecast period. 40% of the market's growth will originate from APAC during the forecast period. Japan, South Korea (Republic of Korea), and India are the key markets for synthetic zeolite in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Synthetic Zeolite Market 2020-2024: Key Highlights

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by End-user

Customer landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

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