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Zeolite Market is expected to reach USD 2810 million by 2022

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Zeolite Market is expected to reach USD 2810 million by 2022

November 15
18:40 2018

Zeolite Market | Research Cosmos
The European region is the main sector that is emerging with great success for the global zeolite market. Much of the development in this region comes from the increased need for FCC (catalytic cracked fluidized bed) fuel and catalyst transportation.

Zeolite Market Overview:

Zeolite is a collection of raw materials based on three-dimensional microporous hydrophobic aluminosilicate, mainly used as water softeners or in water filters. These reserves have a relatively porous framework. This makes them suitable for use in the petrochemical, detergent, refrigeration, nuclear, concrete and many other end-user markets. Zeolites can be typically obtained in synthetic and natural types. In contrast, synthetic zeolites are used on a much larger scale than natural zeolites. The structure of zeolites mainly comprises oxygen, silicon and aluminum bonds, which form pore size identical to the upper surface of the mineral. Zeolites have normal interconnected channels and internal cavities of different shapes and sizes.

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Zeolite Market was valued at USD 2690 million in 2017 and poised to touch USD 2810 million by 2022 growing at a CAGR of 1.01% during the forecast period 2017 to 2022.

Zeolite Market Drivers and Restraints:

A major driving factor for the global zeolite market is the increasing use of zeolites as refreshing adsorbents due to their natural availability and non-flammable, non-toxic nature. Zeolites are normally used as cooling catalysts in refrigeration adsorption systems. Adsorption cooling systems are renowned because they can be powered by a low thermal power. In addition, these systems use refrigerants that do not release CFCs (chlorofluorocarbons). This has indirectly stimulated the world zeolite market. Increasing demands for food preservation for refrigeration purposes will increase the need for zeolite support systems in the next period. The increasing use of zeolites as a substitute for sodium tripolyphosphates is an important trend that is invading the global market. Several efforts have limited the use of phosphates in washing powders, as their use reduces the quality of the water. Zeolite-A has become an environmentally friendly option for sodium tripolyphosphate, which supplements the global zeolite market. Sodium tripolyphosphate maintains the maximum softness and effectiveness of construction for wash water. As competent manufacturers of detergents, zeolites offer economical and superior washing, which will enhance the growth prospects of the zeolite market over the forecast period.

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Zeolite Market Geographical Segmentation:

The European region is the main sector that is emerging with great success for the global zeolite market. Much of the development in this region comes from the increased need for FCC (catalytic cracked fluidized bed) fuel and catalyst transportation. It is also expected that the region will see increased use of zeolite in the treatment of wastewater and the drying and purification of gases, which will ultimately contribute to the development of the global zeolite market.

Key Players of Zeolite Market:

Lenntech BV, Albemarle Corporation, W.R. Grace & Co-Conn, Bear River Zeolite, GruppoApostolicoTanagro, Anten Chemical Co., Ltd., IDA-ORE, Mining LLC., Gordes Zeolite, Clariant, Silkem proizvodnja Zeolitov d.o.o., NanoScape AG, Teague Mineral Products, Zeocem Ltd., and Zeolyst International are the major players of the market.

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