[FURL=https://www.industryarc.com/Research/Specialty-Zeolites-Market-Research-503087?utm_source=freeprnow&utm_medium=pressrelease&utm_campaign=paidpressrelease]Specialty Zeolites Market[/FURL] Specialty Zeolites Market size is forecast to reach US$55 million by 2026 and is growing at a CAGR of 3.2% during 2021-2026 due to increasing demand from building & construction, pain & coatings, automotive, cosmetics & personal care, and petroleum industry. Specialty zeolites are used to produce high petroleum products and lightweight concrete is also likely to remain a major driver for the market. Zeolites are used commercially because of their unique adsorption, ion-exchange, molecular sieve, and catalytic properties. Ultra stable zeolite Y is an effective catalyst, which is used for catalytic cracking in petroleum refineries.Key Takeaways
Asian countries such as India and China investing in the residential and commercial sector such as offices, affordable houses, tall buildings, highways, road construction, and so on, is likely to propel the demand for specialty zeolites.
Increasing demand for specialty zeolites as they help to reduce volatile organic compounds, which are very useful in the paint & coatings industry. Furthermore, the increasing demand for lightweight concrete from the construction industry is boosting the demand for specialty zeolites.
Zeolites are extremely useful as catalysts for several important reactions involving organic molecules. The most important are cracking, isomerization, and hydrocarbon synthesis.
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Specialty Zeolites Market Segment Analysis – By Geography
Asia Pacific dominated the specialty zeolites market size in 2020 with 30% due to the increasing infrastructure investment in Asian Countries such as India and China. The construction sector in India is the second-largest contributor to economic activity, after the agriculture sector. According to Infrastructure & Construction Equipment Industry in India, Indian Urban Infrastructure investment is estimated to reach US$ 650 billion over the next 20 years. According to the Council on Tall Buildings and Urban Habitat (CTBUH), China constructed 11 tall buildings more than 300 meters in 2018.
Specialty Zeolites Market Drivers
Increasing Consumption from Paints & Coatings Industry
Robust Growth in Building and Construction Industry
Specialty Zeolites Market Landscape
Major players in the specialty zeolites market top 10 companies are Albemarle Corporation, Arkema Group, BASF SE, Clariant AG, Eurecat, Honeywell International Inc., Tosoh Corporation, W. R. Grace, Zeochem, Zeolyst Internation, and among others.
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