Market Size of Zeolites Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 2.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Zeolite Market Analysis
The zeolites market is expected to record a CAGR of over 2.5% during the forecast period.
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. It is due to the raw materials, labor shortage, and government-mandated plant shutdowns. However, the market is recovering after the pandemic with the growing demand in the water treatment industry.
- The major factors driving the market studied are increasing demand from the water treatment industry and increasing zeolite use as refrigeration adsorbents.
- The usage of zeolite substitutes is expected to hinder the market's growth.
- Moreover, the increasing demand for compact detergents will likely act as an opportunity for the market studied in the forecast period.
- Asia-Pacific dominated the global market, with the largest consumption from countries such as China and India.
