Zeolites Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

Zeolites Market Analysis

The zeolites market is expected to record a CAGR of over 2.5% during the forecast period (2022-2027).

The COVID-19 pandemic significantly impacted the manufacturing operations of zeolites and their raw materials. Global zeolite production witnessed a decline during the first half of 2021. This is majorly due to the shortage of raw material and labor as well as government-mandated plant shutdowns. However, the market excepted to recover during the forecast period.

• The major factors driving the market studied are increasing demand from the water treatment industry and increasing the use of zeolite as refrigeration adsorbents.
• The usage of substitutes for zeolites is expected to hinder the growth of the market studied.
• Moreover, the increasing demand for compact detergents is likely to act as an opportunity for the market studied in the forecast period.
• Asia-Pacific dominated the market across the world, with the largest consumption from countries such as China and India.

Zeolites Industry Segments

Zeolites are solid minerals composed of aluminum, silicon, and oxygen, forming a framework of cavities that can hold water or other small molecules. This three-dimensional crystalline structure is also known as a molecular sieve due to the gaps in it. Zeolites are either mined from volcanic rocks or synthesized industrially on a large scale from aluminosilicate gels. The zeolites market is segmented by product type, application, end-user industry, and geography. By product type, the market is segmented into natural and synthetic. On the basis of application, the market is segmented into adsorbents, catalysts, detergents, and other applications (refining, biogas). On the basis of end-user industry, the market is segmented into water treatment, air purification, agriculture, petrochemical, construction, and other end-user industries (medical, nuclear industry). The report also covers the market sizes and forecasts for the flat glass market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Report scope can be customized per your requirements. Click here.

Zeolites Market Trends

This section covers the major market trends shaping the Zeolites Market according to our research experts:

Agriculture Industry to Dominate the Market

• Due to their high ion exchange and water retention capacity, natural zeolites are extensively used in fertilizers and soil amendment procedures. Zeolites are also used to increase the ammonia retentively of the soil.
• In the fertilizer industry, zeolites trap undesirable metals and prevent the intake of heavy metals in the food chain. Zeolites trap metals like copper, cadmium, lead, and zinc. Due to their high ion exchange capacity, zeolites are seen as effective carriers of herbicides, fungicides, and pesticides.
• The North American agriculture sector is growing steadily, owing to the decrease in the demand for fertilizer, as well as the drop in grain prices in the domestic market and at the global level. The margin for growers declined, which, in turn, reduced the economic potential of farmers to buy fertilizers for crops.
• In Europe, there is an increase in the consumption of biofuel and bioenergy, which has increased the demand for fodder crops. As fodder crops are the largest consumers of fertilizers, they are expected to boost the demand for zeolites.
• In Asia-Pacific, the agricultural sector is expected to grow for various reasons. Along with meat and dairy, urban consumers eat more freshly produced and processed fruits, vegetables, juices, etc. Therefore, freshly produced food items will continue to grow as the population shifts from rural areas to the cities.​
• The aforementioned growth in the global agriculture industry is likely to contribute to the demand for zeolites during the forecast period (2022-2027).

To understand key trends, Download Sample Report