Asia Pacific Synthetic Zeolites market size was around USD 4.79 billion in 2017. It is expected to grow at a CAGR of 4.6% to reach USD 6 billion by 2022.
Zeolites are microporous, aluminosilicate minerals generally utilized as commercial adsorbents and catalysts. These minerals have a comparatively porous structure which makes them appropriate for utilization in numerous end-user industries. Zeolites are normally available in natural and synthetic forms, with the latter being utilized on a much larger scale than the former. Structure of zeolites largely consists of silicon-oxygen-aluminium linkages, having regular internal cavities and interconnected channels of distinctive sizes and shapes.
Natural zeolite structure has more acid resistant silica to hold the structure together in comparison to the synthetic class of zeolites. This makes them more suitable for usage in the field of agriculture as feed additives. On the other hand, Synthetic zeolites may be categorized into three groups based on the ratio of aluminium and silicon (<1,2-5,>10) in the zeolite structure.
Zeolites are extensively utilized in the detergent industry owing to their exquisite ion exchange property and is the foremost driver for the growth of the market. The development of the market is also driven by the increasing demand for Zeolites from the paints and coating business. However, the market is anticipated to face tough competition in the next few years due to the introduction of liquid detergents and zeolite-free detergents.
The Synthetic Zeolites market is segmented by type and application. By type, the market is categorized into Zeolite A, Zeolite Y, Zeolite X, and Zeolite Zsm-5. Zeolite Y accounts for a major chunk of the overall market and is also predicted to witness the highest growth during the forecast period. Zeolite Y is utilized in Fluid chemical process Cracking (FCC) to extend the yield of fuel, diesel, and other alternative products from petroleum. Zeolite Y is also employed as a cracking catalyst to extend the aromatic content of reformulated industrial plant products. On the basis of the application, the market is segregated into Detergents, Catalysts, and Adsorbents. Synthetic zeolites are being largely employed as catalysts as they have a well-defined pore structure and adjustable acidity. These are helpful in fluid chemical process cracking and cracking processes within the organic compound business. These catalysts facilitate in the enhanced extraction of gasoline and diesel from crude.
By geography, the market is segmented into India, China, Korea, Japan, Australia, and others. The Asia Pacific region has been the leading client of synthetic zeolites in the recent few years and this trend is not expected to change anytime soon. The region accounted for more than 35% of the entire global market, with the detergents segment playing a vital role in contributing to this high figure.
Key players operating in the synthetic zeolites market include Albemarle Corporation, BASF SE, Honeywell International Inc., Clariant AG, W. R. Grace & Co., Tosoh Corporation, Union Showa K.K., Zeochem AG, KNT Group, and Arkema S.A.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Zeolite A
5.1.3 Zeolite Y
5.1.4 Zeolite X
5.1.5 Zeolite Zsm-5
5.1.6 Y-o-Y Growth Analysis, By Type
5.1.7 Market Attractiveness Analysis, By Type
5.1.8 Market Share Analysis, By Type
5.2 Application
5.2.1 Introduction
5.2.2 Detergents
5.2.3 Catalysts
5.2.4 Adsorbents
5.2.5 Y-o-Y Growth Analysis, By Applicayion
5.2.6 Market Attractiveness Analysis, By Application
5.2.7 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Application
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Albemarle Corporation
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 BASF SE
8.3 Honeywell International Inc.
8.4 Clariant AG
8.5 W.R Grace & Co.
8.6 Tosoh Corporation
8.7 Union Showa K.K.
8.8 Zeochem AG
8.9 KNT Group
8.10 Arkema
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
