Dublin, Dec. 18, 2018 (GLOBE NEWSWIRE) -- The "Synthetic Zeolites Market by Type of Zeolite (Zeolite A, Type X, Type Y, USY, ZSM-5), Application (Detergent Builder, Drying, Separation, & Adsorption, Catalytic Cracking, & Specialties), Function & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
Increasing demand for synthetic zeolites for use in specialty applications is expected to drive the overall growth of synthetic zeolites market
The synthetic zeolites market is projected to grow from USD 5.2 billion in 2018 to USD 5.9 billion by 2023 at a Compound Annual Growth Rate (CAGR) of 2.6% during the forecast period.
The growth of the synthetic zeolites market can be attributed to the increased consumption of detergents due to the growing population and demand for zeolites for use in specialty applications. Some zeolite dusts are considered nuisance dusts due to their toxicity, such as zeolites used in personal care products. Even inadvertently inhaling these dust particles raise safety and health concerns. This is one of the major challenges restricting the growth of the market.
Type X zeolites belong to the Faujasite family of zeolites and are used as sorbents and catalysts. They have a Faujasite framework and are used in gas drying applications. 13X is a commercially used type X zeolite which has the largest pore size of 10A. 13X with sodium as a cation has a pore size of 8A. It is an alumina zeolite and has a wide range of industrial applications such as gas adsorption and separation, besides being used as a catalyst.
Synthetic zeolites are used for the removal of H2O, CO2, and SO2 from low-grade natural gas. They are also used to separate noble gases, such as N2 and O2, as well as formaldehyde from natural gas streams. They are used widely in industrial gas drying, purification, and separation applications. They are also used in the liquid or gas phase separation process as adsorbents.
The Chinese oil market is controlled by four national oil companies - China National Petroleum Corporation (CNPC), China Petroleum and Chemical Corporation (Sinopec), China National Offshore Oil Corporation (CNOOC), and China National Chemicals Import and Export Corporation (Sinochem). Over the past few years, China's oil consumption has increased rapidly.
China is the largest market in Asia Pacific in terms of production and consumption of synthetic zeolites. The country is taking efforts to boost various industries, which includes the oil & gas refining and industrial sectors. This has resulted in a huge demand for adsorbents in the country.
Key players in the market include Albemarle Corporation (US), BASF SE (Germany), Honeywell International Inc. (US), Clariant AG (Switzerland), W. R. Grace & Co. (US), and others.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Stakeholders
1.6 Limitations
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Synthetic Zeolites Market
4.2 Synthetic Zeolites Market, By Type of Zeolite
4.3 Synthetic Zeolites Market, By Application
4.4 Synthetic Zeolites Market, By Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Demand for Synthetic Zeolites From the Detergent Industry
5.2.1.2 Increasing Number of End-Use Industries for Synthetic Zeolites
5.2.1.3 Significant Usage of Synthetic Zeolites for Catalytic Cracking in the Petroleum Industry
5.2.2 Restraints
5.2.2.1 High Selectivity Leads to Lower Exploitation of Synthetic Zeolites for Various Applications
5.2.3 Opportunities
5.2.3.1 Rising Demand for Adsorbents
5.2.3.2 Recovering Oil Prices
5.2.4 Challenges
5.2.4.1 Toxic Nature of Synthetic Zeolites
5.3 Porter's Five Forces Analysis
5.4 Economic Indicators
5.4.1 Industry Outlook
5.4.1.1 Oil & Gas
5.4.2 Industry Outlook - Petrochemicals
6 Synthetic Zeolites Market, By Framework
6.1 Introduction
6.2 Linde Type A
6.3 Faujasite
6.4 MFI
7 Synthetic Zeolites Market, By Pore Size
7.1 Introduction
7.2 3A-7A
7.3 7A-10A
8 Synthetic Zeolites Market, By Function
8.1 Introduction
8.2 Ion-Exchange
8.3 Molecular Sieve
8.4 Catalyst
9 Synthetic Zeolites Market, By Application
9.1 Introduction
9.2 Detergent Builder
9.3 Drying, Separation, and Adsorption
9.4 Catalytic Cracking
9.5 Specialties
10 Synthetic Zeolites Market, By Type of Zeolite
10.1 Introduction
10.2 Zeolite A
10.3 Type X
10.4 Type Y
10.5 Ultra-Stable Y (USY)
10.6 Zsm-5
11 Synthetic Zeolites Market, By Region
12 Competitive Landscape
12.1 Overview
12.2 Market Ranking of Key Players
12.3 Competitive Scenario
13 Company Profiles
13.1 Albemarle Corporation
13.2 BASF SE
13.3 Honeywell International Inc
13.4 Clariant AG
13.5 W. R. Grace & Co.
13.6 Tosoh Corporation
13.7 Union Showa K.K.
13.8 Zeochem AG
13.9 Knt Group
13.10 Arkema S.A
13.11 Zeolyst International
13.12 Huiying Chemical Industry (Quanzhou) Co., Ltd.
13.13 Chemiewerk Bad Kstritz Gmbh
13.14 National Aluminum Company Limited (NALCO)
13.15 PQ Corporation
13.16 Other Key Players
13.16.1 Ningbo Jiahe New Materials Technology Co., Ltd
13.16.2 Sorbead India
13.16.3 Dalian Haixin Chemical Industrial Co., Ltd
13.16.4 Gujarat Credo Mineral Industries Ltd
13.16.5 Gujarat Multi Gas Base Chemicals Pvt. Ltd
13.16.6 Iqe Group
13.16.7 Rive Technology
13.16.8 Eurecat Services Inc
13.16.9 Fujian Anten Chemical Co., Ltd
13.16.10 Manek Minerals
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