Market Segmentation
The global zeolite market has witnessed growth in the past and is anticipated to register a steady growth during the forecasted period. Because of its high absorption capacity for liquid components, zeolite is widely used in the production process of detergents. The utilization of zeolites in detergent as a cleaning agent in laundry and dishes is expected to lead to the growth of the zeolite market. Although certain industries witnessed a decline in growth due to the outbreak of the COVID-19 pandemic, the detergent industry was able to able to retain robust growth during this period. Rising awareness among consumers regarding hygiene during the pandemic has led to an increased demand for detergents. For instance, the laundry and care business of Henkel observed a growth of over 5% in sales in 2020 owing to a rise in the demand for cleaning products globally. Similarly, many detergent companies witnessed an increase in their detergent sales during 2020. The table below depicts the sales revenue of key detergent companies worldwide for the years 2019 & 2020 in terms of USD. Growth in detergent sales is anticipated to augment their production, thereby boosting zeolite consumption.
The increasing use of zeolite as a catalyst in the petroleum industry is expected to drive the market growth during the forecast period. Zeolites are used as a catalyst for accelerating chemical reactions in the refining process of petroleum into useful products such as gasoline, diesel, kerosene, and liquefied petroleum gas (LPG). The growing demand for petroleum byproducts will lead to a rise in zeolite production, thus augmenting the market growth. However, the availability of substitutes such as diatomite, perlite, pumice, and vermiculite in the cement industry and bentonite, gypsum, montmorillonite, peat, perlite, silica sand, and vermiculite in soil remediation and pet litter applications is anticipated to restrain the growth of the zeolite market.
Zeolites are versatile minerals with several applications in various industries, making them popular worldwide. However, the availability of substitutes is a major threat to both synthetic and natural zeolite products. For instance, in the cement industry, natural zeolites have been used as a pozzolanic material in the construction industry for centuries. They are used in concrete and cement owing to their economic, environmental, and technical benefits. However, the use of other aggregates such as diatomite, perlite, pumice, and vermiculite poses a threat to natural zeolites in this application. Similarly, in soil remediation, the presence of alternatives such as bentonite, gypsum, montmorillonite, peat, perlite, silica sand, and vermiculite is anticipated to restrain the growth of the natural zeolites market. Additionally, the availability of other materials that can be used in the production of pet litter is expected to restrain the demand for zeolite as a raw material in pet litter applications. The substitutes of zeolite are both minerals and non-minerals such as bentonite, diatomite, fuller’s earth, sepiolite, organic litter (made from shredded corn stalks, paper, straw, wood shavings), and silica gel.
This section will provide insights into the contents included in this zeolite market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
Company overview
Financial performance
Product benchmarking
Latest strategic developments
Market size, estimates, and forecast from 2017 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance