Zeolites Market

Zeolites Market Size-2023-2028                                                                                                

The Zeolites Market size is estimated to reach US$17.2 billion by 2028, and it is projected to grow at a CAGR of 5.9% during the forecast period of 2023-2028

Zeolites market overview:

Zeolites are hydrated aluminosilicate minerals of alkaline and alkaline earth metals. Zeolites are formed when volcanic rocks change at low temperatures. In the three-dimensional structure of silicon dioxide, silicon atoms are replaced by aluminum atoms to form aluminosilicate. It contains alkali and alkaline earth metals. Zeolites are used as catalysts in a number of catalytic processes. Zeolites have a microporous structure that can be used to sieve molecules of a specific size and allow them to enter the pores.

Zeolites Market Drivers:

Rising demand for natural zeolite:

The need for desalinated water has increased due to factors such as population growth, rural-to-urban migration, depletion of freshwater sources, and the overall scarcity of consumable water worldwide. Natural zeolites are increasingly being utilized in water treatment applications, thanks to their ion-exchange properties, which are crucial in managing radioactive waste from various sources like petroleum production, nuclear reactors, gas purification, and wastewater treatment. Moreover, these zeolites possess an outstanding absorption capacity, allowing them to absorb approximately 50.0% of their weight in liquid without expanding. This exceptional absorption capacity, coupled with the growing demand for natural zeolites in water treatment applications, is expected to drive the market's growth rate.

Growth in Nuclear Energy:

Zeolites have unique properties that make them effective at absorbing and binding hydrocarbons and radioactive isotopes, making them valuable for decontaminating low-level radioactive waste. The growth in nuclear energy production is driving the demand for zeolites, as they are used in ion exchange processes for decontamination. Nuclear power plants are favored for their reliability and continuous electricity supply, contributing to their increasing usage compared to coal or natural gas-fired plants.

Growth in animal feed:

Zeolites also play a role in animal feed production. By adding zeolite to animal feed, weight gain and animal growth can be improved due to enhanced feed conversion. Zeolite additives stabilize rumen fermentation and provide benefits in terms of nitrogen availability. They act as anti-caking agents, absorbing excess rumen ammonium and gradually releasing it when exposed to cations in the environment. With the global commercial feed manufacturing industry worth billions of dollars annually and involving numerous countries, the potential for growth in animal feed presents a significant opportunity for the zeolites market.

Zeolites Market Restraints:

Toxic nature of synthetic zeolites:

Toxicity concerns surround certain zeolite specks of dust, categorizing them as nuisance specks of dust due to their potential harm. The use of zeolites in personal care products raises significant concerns regarding their toxicity as well. Zeolites, being a complex group of silicates, can cause pulmonary diseases if inhaled. Synthetic zeolites used as catalysts are also prone to clogging, which poses a risk of toxicity. Consequently, toxicity emerges as a major limitation in the application of synthetic zeolites and acts as a significant market restraint, impeding the growth of the zeolites market during the forecast period.

Deactivation of Zeolite by Irreversible Adsorption:

Despite its numerous industrial applications, zeolite is limited by certain drawbacks. One major limitation is its susceptibility to deactivation through irreversible adsorption or steric blocking by heavy secondary products. Additionally, zeolites cannot be effectively utilized for the production of bulky compounds due to their microporosity. The shape selectivity of zeolites for reactions involving functional compounds, which are more polar than hydrocarbons, is also challenging. Moreover, the adverse impact of highly acidic water on minerals restricts its use in zeolite-related processes, and the water used must be free from turbidity, leading to additional costs associated with purified water. Consequently, the functional limitations of zeolite hinder the zeolite market demand.

Recent Developments in the zeolites market:

Honeywell partnered with the Defence Research Development Organisation (DRDO), the Council of Scientific and Industrial Research-Indian Institute of Petroleum (CSIR-IIP), and the Government of India. The objective of the partnership is to supply zeolites to the country's Medical Oxygen Plants (MOP), addressing the critical need for medical oxygen.         

Zeolites Market Opportunities:

High demand for zeolite in the petrochemical industry:

Rising demand for zeolites from the petrochemical industry is expected to create lucrative opportunities for market growth. The rapid growth of the petrochemical industry has generated an expansion in demand for zeolites for the manufacturing of several gases and chemicals. Also, growing investments in petrochemicals are expected to augment the demand for zeolites during the forecast period.

COVID-19 Impact on the Zeolites Market:

The COVID-19 had an adverse impact on the zeolites market. The stoppage in the manufacturing process and supply-chain operations affected the market growth rate. As per the government order, the lockdown was imposed, leading to financial setbacks. People were focusing on removing non-essential expenses from their budgets, which decreased the zeolite market demand. So, the demand for zeolites decreased during the pandemic.

REPORT COVERAGE:

Zeolites Market segmentation:

By Product type

• Natural 

• Synthetic

 By Function 

• Ion-Exchange

• Catalyst

• Molecular Sieve

The ion exchange segment dominates the market. Zeolite ion exchange properties are highly valued in water treatment applications, including water softening, purification, and wastewater treatment. The need for efficient and sustainable water management solutions drives the demand for zeolite ion exchange, making it a prominent segment of the market. Zeolites are extensively utilized as catalysts in various industrial processes, such as petroleum refining and chemical production. The catalytic properties of zeolites make them a crucial component in these industries, indicating a substantial market share for this segment. Zeolite with precise pore structures is used as a molecular sieve to selectively adsorb and separate molecules based on size and shape. They find applications in gas separation, dehydration, and purification processes.

By Application

• Adsorbents

• Catalysts

• Detergents

• Refining

• Biogas

Adsorbents are used widely in the zeolites market. Adsorbents are solids that are used to absorb dissolved substances, liquids, or gases. As the demand for industrial gas drying applications is rising, the use of adsorbents has also increased. They are used in the removal of natural gases such as CO2, H2O, and SO2. In natural gas streams, adsorbents can be used to separate noble gases. Adsorbents are used in industrial gas drying, purification, and separation. 

By End-user industry

• Water treatment

• Air purification

• Agriculture

• Petrochemical

• Construction

The construction material sector is a leading market segment for zeolite, primarily driven by the high demand for lightweight construction products. Zeolite is gaining popularity as a pozzolan in the construction industry, addressing concerns related to building strength and durability. Furthermore, zeolite's exceptional characteristics, including fire resistance and sound absorption capacity, contribute to its widespread use in construction materials. These properties make zeolite an attractive choice for creating durable and safe building structures.

By Geography 

• Asia-Pacific

•  North America

•  Europe

•  Latin America

•  Middle East and Africa

Asia Pacific is the region with the largest market share due to the increase in industrialization and urbanization; some countries with a higher population consumed more petroleum products, which increased the demand for fluid catalysts and automobiles. North America also has a higher demand for zeolites in the oil and gas industry. Also, zeolites are used in the manufacturing of detergents, construction materials, and catalysts. North America Zeolite market is next in holding prominent shares of the market owing to rising investments and a growing number of industries.  

 Zeolites Market Key Players:

• Albermale Corporation

• BASF SE

• Clariant

• KMI Zeolite

• Zeolyst International