Information on Product:
· Zeolite is a group of three-dimensional microporous hydrated aluminosilicates which are mainly used in water purifiers and water softeners.
· Due to the above reason, they are used in several end user industries such as, detergents, petrochemical, nuclear, concrete among others.
· Type- Natural and synthetic. Synthetic Zeolites are used on a much higher rate that natural ones. Natural ones- mined from volcanic rocks; synthetic zeolites- as name suggests are manufactured.
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Information on recent market trends and development:
· Zeolites market is set to lose its share in developed regions to the developing region, as liquid-based detergents and zeolites-free detergents are gaining ground in these areas.
· Investment in a new plant in Ludwigshafen, Germany by BASF SE is set to double its global capacity of specialty zeolites production, giving a push to zeolites market in Germany and Europe.
· New regulations worldwide, in the light of climate change, has given a boost to low emissions catalyst which led to push in demand for specialty zeolites.
· Increased climate awareness has led to boost in the demand for emission catalysts. Large competitors like TOSOH are increasing its manufacturing capacity of High Silicate Zeolites (HSZ) among others, to meet the demands of the market.
· With the boom in the petroleum products around the world, the demand of Zeolites for fluid catalytic cracking (FCC) process is skyrocketing. In addition to this, proliferation of water treatment plants, abundance of raw materials for production, increasing demand in refrigeration, together form the major drivers of the zeolites market.
· Increasing demand in specialty zeolites is expected to boost the demand for synthetic zeolites. Growing population and increasing demand for detergents is the major reason behind the improving demand for specialty zeolites in the market.
