Pune, Oct. 28, 2020 (GLOBE NEWSWIRE) -- The global zeolite market size is set to gain traction from its ever-increasing usage in creating laundry detergents. Zeolite A is extensively utilized to produce phosphate-free detergents owing to its non-toxic nature. Fortune Business Insights™ published this information in a new study, titled, “Zeolite Market Size, Share & COVID-19 Impact Analysis, By Type (Natural [By Application {Construction & Building Materials, Animal Feed, Wastewater Treatment, Soil Remediation, and Others}], Synthetic [By Application {Detergents, Catalysts, and Adsorbents}]), and Regional Forecast, 2020-2027.” The study further states that the market size was USD 4,326.2 million in 2019 and is projected to reach USD 6,190.0 million by 2027, exhibiting a CAGR of 4.7% during the forecast period.
COVID-19 to Affect Demand Backed by Disruptions in Supply Chain
The outbreak of the COVID-19 pandemic is affecting the demand for zeolite-based products worldwide. This is occurring because of the rising disruptions in supply chains owing to the complete lockdown in various cities. Hence, manufacturers are investing hefty amounts in sustaining their production capacities to boost growth. We are delivering specially curated reports that would enlighten you on the effects of this pandemic on the market. You can select the best available strategy for intensifying competition.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/industry-reports/zeolite-market-101921
List of the Leading Companies Profiled in the Global Market are:
- Honeywell International Inc. (U.S.)
- Arkema Group (France)
- Tosoh Corporation (Japan)
- BASF SE (Germany)
- W. R. Grace & Co.-Conn (U.S.)
- Clariant AG (Switzerland)
- Zeochem AG (Switzerland)
- Zeolyst International (U.S.)
- Bear River Zeolite Co. (U.S.)
- Blue Pacific Minerals Ltd. (New Zealand)
- St. Cloud Mining (U.S.)
- Zeotech Corporation (U.S.)
- Hengye Inc. (U.S.)
- Shijiazhuang Jianda High-Tech Chemical Co., Ltd. (China)
- KNT Group (Russia)
- Canadian Zeolite Corp (Canada)
Drivers & Restraints:
Increasing Usage in Cement and Concrete Industry to Bolster Growth
Nowadays, natural zeolite is being used more in the production of construction materials, as well as in the cement and concrete industry. This is because it is capable of surging the durability of concrete and cement composites. At the same time, it can enhance mechanical strength. Also, it is eco-friendly and cost-effective which makes it the most preferable mineral in the construction industry. However, the availability of numerous substitutes, such as enzymes and metals may hamper the zeolite market growth in the near future.
Segment
Animal Feed Sub-Segment Held 28.2% Share Fueled by Usage in Additives
Based on the application, the market is bifurcated into natural and synthetic. The animal feed sub-segment under the natural segment held 28.2% in terms of zeolite market share in 2019. This growth is attributable to the rising usage of the mineral as animal feed additives for poultry, swine, sheep, cattle, and dairy cows. On the other hand, the catalysts sub-segment under the synthetic segment generated 19.3% market share in 2019.
Get Sample PDF Brochure with Impact of COVID19:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/zeolite-market-101921
This Report Answers the Following Questions:
- Which organization is likely to succeed and why?
- What market trends should you be aware of?
- Where should you target your business strategy?
- What business models should you adopt?
Regional Analysis
Rising Number of Public Infrastructure Projects to Augment Growth in Asia Pacific
Geographically, North America procured USD 748.5 million in terms of revenue in 2019. The region is expected to showcase significant growth in the coming years owing to the expansion of the animal feed industry. Asia Pacific is set to generate the highest share in terms of revenue throughout the forthcoming period on account of the increasing number of public infrastructure projects and the rising expenditure in infrastructure development in South Korea, China, and India.
Competitive Landscape
Key Players Aim to Strengthen Positions by Opening New Plants & Launching Detergents
Majority of the key companies are located in Europe and North America. They are persistently striving to strengthen their positions by launching new laundry detergents equipped with zeolites or are focusing on opening new manufacturing plants to surge productivity.
Below are two industry developments:
July 2019: Reckitt Benckiser launched its latest product called Vanish Oxi Action Stain Removal Powder. As per the company, it has 10 times more active oxygen, unlike the other high-quality detergents. It also contains zeolites and enzymes that would help in eliminating several types of complex stains.
May 2018: Zeochem opened its new plant in Zvornik for the processing of chromatographic gels and zeolite. The company invested around USD 9 million for the same. It would strengthen the company’s position.
Inquire Before Buying This Research Report:
https://www.fortunebusinessinsights.com/enquiry/queries/zeolite-market-101921
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Emerging Trends
- Key Insights
- Key Emerging Trends – For Major Countries
- Industry SWOT Analysis
- Regulatory Analysis
- Recent Industry Developments - Policies, New Product Launches, and Mergers & Acquisitions
- Global Zeolite Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Type (Volume/Value)
- Natural Zeolite
- Synthetic Zeolite
- By Application (Volume/Value)
- Natural Zeolite
- Construction & Building Materials
- Animal Feed
- Wastewater Treatment
- Soil Remediation
- Others
- Synthetic Zeolite
- Detergents
- Catalysts (Refining & Petrochemical)
- Adsorbent/Desiccant
- Natural Zeolite
- By Region (Volume/Value)
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Type (Volume/Value)
TOC Continued…!
Get your Customized Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/zeolite-market-101921
Have a Look at Related Research Insights:
Water and Wastewater Treatment Market Size, Share & Industry Analysis, By Segment (Chemicals {pH Conditioners, Coagulants & Flocculants, Disinfectants & Biocidal Products, Scale & Corrosion Inhibitors, Antifoam Chemicals, Other Chemicals}, Equipment {Biological, Filtration, Sludge Treatment, Disinfection, and Other Equipment}, Services), By Application, and Regional Forecast, 2019-2026
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Read Press Release:
https://www.fortunebusinessinsights.com/press-release/zeolite-market-9489