#Liquid Sodium Silicate Market Size
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Liquid Sodium Silicate Market Size, Share and Growth Forecast, 2031
Global liquid sodium silicate market is projected to witness a CAGR of 4.4% during the forecast period 2024-2031, growing from 575.4 kilotons in 2023 to 812.03 kilotons in 2031. Asia-Pacific will have a dominant share in the global liquid sodium silicate market in 2022 due to the increasing detergent production activities. According to the recent report published by the Chemicals and Petrochemicals Manufacturers’ Association (CPMA), the production of synthetic detergent intermediates in India was 733.2 thousand tons in 2020-21 and 780 thousand tons in 2021-22, representing a year-on-year growth rate of 6.0%.
The recently inaugurated wastewater treatment plants are spurring the demand for liquid sodium silicate. For illustration, in September 2022, LANXESS, a chemical products manufacturer with a global presence, launched a USD 12.65 million wastewater treatment plant in Belgium. The wastewater treatment plant has a processing capacity of 260,000 liters per hour.
The increase in production activities related to cleaning products is mainly favoring market growth. This can be attributed to several factors, including increasing consumer demand, technological advancements, shifting consumer preferences, and growing health and wellness awareness. Thus, the increase in the production of cleaning products is boosting the demand for liquid sodium silicate to enhance the cleaning efficiency of products. The increasing emphasis on replacing the aging infrastructure, rising development of residential complexes, surging investments in commercial construction projects, and technological innovations are some of the major elements contributing to the growth of the building & construction industry. Hence, the increase in construction activities is fueling the adoption of cement, adhesives & sealants, and fillers, thereby fostering the growth of the liquid sodium silicate market.
Additionally, the stringent regulatory norms for wastewater treatment, the development of new plants for water treatment, and growing awareness about the need for water conservation and reuse are proliferating the development of new wastewater and water treatment projects. This, in turn, will create a favorable potential for the liquid sodium silicate market growth. For instance, the Waitsfield, Vermont Wastewater Treatment Plant in the United States, is in the design phase and aims to construct water distribution lines to serve failing infrastructure elements. The plan is to begin construction in 2024. However, the stringent regulatory norms for the manufacturing of liquid sodium silicate are restraining the market growth.
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Increasing Adoption of Liquid Sodium Silicate in Cleaning Products
The liquid sodium silicate solution is ideal in the composition of cleaning products, such as detergents and soaps, to prevent the emulsion of fats and organic oils, corrosion, alkalization, reduce the calcium, and minimize magnesium hardness. Furthermore, the deployment of liquid sodium silicate in cleaning products acts as an alkaline buffer, thereby ensuring the superior consistency and strength of the cleaning product against low and high acidic agents. The rising disposable income, growing awareness of the health benefits of a clean environment, increasing health consciousness, and rapid urbanization are some of the key trends accelerating the growth in the production of cleaning products.
For instance, according to the recent data published by the International Association for Soaps, Detergents and Maintenance Products (A.I.S.E.), a European Union cleaning products association, in 2021, the cleaning products industry in the European region was valued at USD 34.0 billion and in 2022, it was USD 35.9 billion, showcasing a year-on-year growth rate of 5.2%. Likewise, the industrial cleaning sector in Europe was valued at USD 7.4 billion in 2021 and USD 9.2 billion in 2022, an annual growth rate of 19.1% as opposed to the year 2021. Therefore, the increase in the production of cleaning products is fueling the utilization of liquid sodium silicate to control viscosity, thereby propelling the market growth.
The Booming Building and Construction Activities is Amplifying the Market Growth
Liquid sodium silicate is an important material in the construction industry, particularly for producing concrete as a self-healing agent to improve the structure’s durability and strength. Additionally, liquid sodium silicate is used on concrete floors to harden them, leading to dust-free concrete floors and to shield previous building elements from the damaging effects of moisture. The increase in the development of new construction projects is ascribed to prominent determinants, such as increasing infrastructure development for airports, new office building development, increasing investment in residential houses in developing economies, and rising renovation activities.
For example, according to the recent statistics published by the Construction Products Association, a global association for the construction industry, the global construction industry registered a year-on-year growth rate of 2.8% in 2022. Furthermore, according to Statistics Canada, an official government of Canada website, Canada residential construction registered a monthly growth of 1.6%, reaching USD 11.9 billion in August 2023. Also, according to the recent statistics published in the 2023 European Construction Industry Federation (FIEC) report, the investments in European Union housebuilding projects were valued at USD 576,826.5 million in 2022, showcasing an annual growth rate of 2.2%. Henceforth, the rise in building and construction activities is spurring the demand for liquid sodium silicate, which, in turn, is boosting the market growth.
Beneficial Technical Properties of Liquid Sodium Silicate is Boosting the Market Growth
The key technical properties associated with liquid sodium silicate include a molecular weight of 140.08, density of 1.37 g/mL, melting point at 0°C, boiling point at 100°C, pH of 11-12.5 (20°C), and refractive index of 1.42. Thus, liquid sodium silicate is a viscous liquid that is deployed in a wide variety of applications, including as a deflocculant in casting slips, a cement for producing cardboard, a drilling fluid to stabilize borehole walls, and an adhesive for glass or porcelain. It is also used in powdered laundry and dishwasher detergents, as it aids in removing fats and oils, neutralizing acids, and breaking starches and proteins.
The recent innovations in cleaning products range are creating a lucrative opportunity for the liquid sodium silicate industry growth. For instance, in February 2023, Ecolab, a leading manufacturer of cleaning products at the global level, unveiled Ecolab Scientific Clean, the latest range of consumer retail product lines ideal for application in residential, industrial, and commercial facilities. The primary focus of the products is to ensure high-quality sanitization. Hence, the significant technical properties associated with liquid sodium silicate are fostering their adoption across a wide range of end-use industries, further augmenting the market growth.
The Revenue Advancement of Various End-use Industries in the Asia-Pacific Region
The Asia-Pacific region is experiencing substantial construction activities, driven by urbanization, infrastructure development, and population growth, which has increased demand for liquid sodium silicate in the construction industry. Furthermore, the demand for professional cleaning services is increasing in Asia-Pacific since consumers are becoming highly concerned about cleanliness and hygiene. As a result, the end-use industries, such as building & construction and cleaning products, are registering growth in the Asia-Pacific region.
For instance, China’s 14th Five-Year Plan focuses on energy efficiency, green building development, and urban renewal, with estimates of overall investment in new infrastructure during the 14th Five-Year Plan period (2021-2025). These developments indicate China’s commitment to and investment in the commercial space and construction industries by 2025. As a result, the growth of the various end-use industries in the Asia-Pacific is driving the growth of the liquid sodium silicate market in the region.
Impact of COVID-19
The COVID-19 pandemic in 2020 resulted in revenue losses for various end-use industries, such as building and construction, oil and gas, and pulp, as the production activities were halted, the supply chain was disrupted, and there was a workforce shortage. The decline in the revenue growth of the above end-use industries resulted in losses for the liquid sodium silicate.
However, the demand for cleaning products was exponentially high as the need for hygiene products increased in 2020. For instance, according to the International Association for Soaps, Detergents and Maintenance Products (A.I.S.E.), in 2020, the European cleaning products industry registered an annual growth rate of 4.7% compared to 2019. Hence, the sudden surge in the sales of cleaning products due to the COVID-19 pandemic accelerated the market growth.
Impact of Russia-Ukraine War
The Russia-Ukraine war led to sanctions and supply chain disruptions, increased prices and product shortages, and environmental damage. These factors resulted in several major players exiting their business operations in Russia.
In March 2022, Procter & Gamble (P&G) announced the reduction of its product portfolio in the Russian market, focusing only on basic health, hygiene, and personal care items. The company also stated that it was ending all new capital investments in Russia and “significantly reducing” its portfolio to prioritize these essential products.
Report Scope
“Liquid Sodium Silicate Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of the global liquid sodium silicate market, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.
Click here for full report- https://www.marketsandata.com/industry-reports/liquid-sodium-silicate-market
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Smart Buildings Market Size, Share, Growth, Trends [2032]
Smart Buildings Market provides in-depth analysis of the market state of Smart Buildings manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Smart Buildings in these regions till the forecast period
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The report offers a comprehensive and broad perspective on the global Smart Buildings Market.
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Major stakeholders, key companies Smart Buildings, investment feasibility and new market entrants study is offered.
Development scope of Smart Buildings in each market segment is covered in this report. The macro and micro-economic factors affecting the Smart Buildings Market
Advancement is elaborated in this report. The upstream and downstream components of Smart Buildings and a comprehensive value chain are explained.
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Sodium Silicate Market Insights, Status And Forecast to 2030
Global Sodium Silicate Market Report from Market Research Forecast highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player’s market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions. Major Players in This Report Include: Occidental Petroleum Corporation (U.S.), Evonik Industries (Germany), CIECH Group (Poland), Silmaco NV (Belgium), Oriental Silicas Corporation (Taiwan), PQ Corporation (U.S.), Nippon Chemical Industrial CO.LTD (Japan), Kiran Global Chem Limited (India), Ankit Silicates (India), BASF SE (Germany). Free Sample Report + All Related Graphs & Charts @: https://marketresearchforecast.com/report/sodium-silicate-market-1401/sample-report The Sodium Silicate Marketsize was valued at USD 6.25 USD Billion in 2023 and is projected to reach USD 8.85 USD Billion by 2032, exhibiting a CAGR of 5.1 % during the forecast period. Market Drivers:
Growing Demand for the Product from Various Application Areas to Drive the Market Growth
Market Trend:
Restrains:
Toxic Nature of the Product to Impede Market Growth
Enquire for customization in Report @: https://marketresearchforecast.com/report/sodium-silicate-market-1401/enquiry-before-buy In this research study, the prime factors that are impelling the growth of the Global Sodium Silicate market report have been studied thoroughly in a bid to estimate the overall value and the size of this market by the end of the forecast period. The impact of the driving forces, limitations, challenges, and opportunities has been examined extensively. The key trends that manage the interest of the customers have also been interpreted accurately for the benefit of the readers. The Sodium Silicate market study is being classified Type: Solid and Liquid","Application: Detergents, Pulp & Paper, Derivative Silicates, Construction, Water Treatment, Adhesives, and Others The report concludes with in-depth details on the business operations and financial structure of leading vendors in the Global Sodium Silicate market report, Overview of Key trends in the past and present are in reports that are reported to be beneficial for companies looking for venture businesses in this market. Information about the various marketing channels and well-known distributors in this market was also provided here. This study serves as a rich guide for established players and new players in this market. Get Reasonable Discount on This Premium Report @ https://marketresearchforecast.com/report/sodium-silicate-market-1401/request-discount Extracts from Table of Contents Sodium Silicate Market Research Report Chapter 1 Sodium Silicate Market Overview Chapter 2 Global Economic Impact on Industry Chapter 3 Global Market Competition by Manufacturers Chapter 4 Global Revenue (Value, Volume*) by Region Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions Chapter 6 Global Revenue (Value, Volume*), Price* Trend by Type Chapter 7 Global Market Analysis by Application ………………….continued This report also analyses the regulatory framework of the Global Markets Sodium Silicate Market Report to inform stakeholders about the various norms, regulations, this can have an impact. It also collects in-depth information from the detailed primary and secondary research techniques analysed using the most efficient analysis tools. Based on the statistics gained from this systematic study, market research provides estimates for market participants and readers. Contact US : Craig Francis (PR & Marketing Manager) Market Research Forecast Unit No. 429, Parsonage Road Edison, NJ New Jersey USA – 08837 Phone: (+1 201 565 3262, +44 161 818 8166) [email protected]
#Global Sodium Silicate Market#Sodium Silicate Market Demand#Sodium Silicate Market Trends#Sodium Silicate Market Analysis#Sodium Silicate Market Growth#Sodium Silicate Market Share#Sodium Silicate Market Forecast#Sodium Silicate Market Challenges
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#Sodium Silicate Market#Sodium Silicate Market Trends#Sodium Silicate Market Growth#Sodium Silicate Market Research#Sodium Silicate Market Report#Sodium Silicate Market Research Report
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Sodium Silicate Market | Global Industry Size, Share, Analysis Report, 2035 | ChemAnalyst
According to ChemAnalyst report, “Sodium Silicate Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Type, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2035”, The Sodium Silicate market is likely to experience a significant increase by reaching 14.5 million tonnes in 2035, at an expected CAGR of 3.71% during the forecast period. The increasing demand for Sodium Silicate from Precipitated Silica, Detergents, Paper Production, Titanium White, Ceramic Materials, and other end-use industries, is expected to boost the demand for Sodium Silicate market in the coming years.
Sodium Silicate or waterglass is prepared industrially by when silica (quartz sand), caustic soda, and water are treated with hot steam in a reactor. This compound is readily soluble in water and displays properties like stability at high temperature, binding properties, resistance to acidic medium and basic medium. The applications include detergents, paper making, drilling fluids, soaps, refractory cement, zeolites, adhesives, mineral processing, and more. Further it is used as a corrosion inhibitor and useful in various industries.
Moreover, across the globe, the expansion of the Sodium Silicate market is primarily driven to produce Precipitated Silica. Precipitated Silica have various applications like paints, varnish, coatings, adhesives, soaps, adhesives, and others. Moreover, Sodium silicate also tends to have applications in the Paper Industry as well. It is frequently used as an adhesive to bond paper boards and cardboard, as well as a stabiliser for pulp bleaching and an additive for de-inkling recycled paper. Thus, it is a commercially significant chemical for recycling paper and this industry to swell the Sodium Silicate in the forecast period.
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The Sodium Silicate market is segmented based on type, end-use, sales channel, and region. The market is segmented on type: Based on type, the Sodium Silicate market is segregated into Liquid and Dry Solid. Liquid type currently dominates the global Sodium Silicate market and expects to dominate the market in the coming years.
Based on end-uses, the Sodium Silicate market is segregated into Precipitated Silica, Detergents, Paper Production, Titanium White, Ceramic Materials, and others. The Precipitated Silica industry is the dominating the Sodium Silicate market with the demand of approximately 37% in 2021. It will most likely stay the biggest industry during the forecast period due to growing demand of sealants in future. Furthermore, Detergents and Paper Production Industry are also the prominent consumers of the Sodium Silicate market.
Asia Pacific dominates the global Sodium Silicate market, consuming about with a demand of approximately 49% of the global million tonnes of Sodium Silicate among all other regions. In construction of infrastructure, sodium silicate is used as a binder, concrete refractories, and concrete strengthening to provide the structures more strength. As a result, during the projected period, infrastructure development in developing countries like India and China will drive growth in the global Sodium Silicate market. Based on production, USA is leading across the globe. In 2021, the Sodium Silicate production by companies situated in USA produced more than 35% of the global Sodium Silicate production.
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“Sodium Silicate Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Type, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2035”, the significant players functional in the Sodium Silicate market include PQ Corp., Occidental Petroleum Corporation-Oxy (Diamond Shamrock), CIECH Vitrosilicon S.A., DuPont de Nemours, Qingdao Dongyue Sodium Silicate Co., Ltd., Kiran Global Chems Limited, Wecan Industrial Corporation, and others.
“The rapidly increasing demand for precipitated silica and paper is expected to boost the Sodium Silicate market in the forecast period until 2035. Consistently growing demand for Sodium Silicate, for pulp bleaching and de-inkling paper implies its significance in paper making and paper recycling. Furthermore, its employment for preparation of precipitated silica which is further employed for making adhesives for usage in the construction industry is anticipated to further Global Sodium Silicate market expansion in the coming years “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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Liquid Sodium Silicate Market 2021 Industry Growth and Product Scope 2031
Liquid Sodium Silicate Market 2021 Industry Growth and Product Scope 2031
insightSLICE offers overarching research and analysis-based study on, “Global Liquid Sodium Silicate Market 2021-2031 the research report explores the analysis of historical data along with size, share, growth, demand, and revenue of the Liquid Sodium Silicate and estimates the future trend of the market on the basis of this detailed study. The study shares market performance both in terms of…
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Polysulfone Fiber Market: Global Industry Analysis and Opportunity Assessment 2023
12-apr-2019 Liquid Sodium Silicate Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). The report firstly introduced the Liquid Sodium Silicate basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis. The report includes six parts, dealing with: 1.) Basic Information; 2.) Asia Liquid Sodium Silicate Market; 3.) North American Liquid Sodium Silicate Market; 4.) European Liquid Sodium Silicate Market; 5.) Market Entry and Investment Feasibility; 6.) Report Conclusion. Request a Sample Copy of This Report:https://www.radiantinsights.com/research/global-liquid-sodium-silicate-market-research-report-2019/request-sample If you have any special requirements, please let us know and we will offer you the report as you want.
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Report sodium silicate market size was valued at USD 8.55 Billion in 2016 and is projected to reach USD 11.03 Billion by 2022, at a CAGR of 4.4% between 2017 and 2022. The base year considered for the study is 2016, while the forecast period is from 2017 to 2022.
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Industrial Wastewater Treatment Plant Market Scope & Growth Projection till 2032
Industrial Wastewater Treatment Plant Market provides in-depth analysis of the market state of Industrial Wastewater Treatment Plant manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.
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The report offers a comprehensive and broad perspective on the global Industrial Wastewater Treatment Plant Market.
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Market growth drivers, challenges affecting the development of Industrial Wastewater Treatment Plant are analyzed in detail.
The report will help in the analysis of major competitive market scenario, market dynamics of Industrial Wastewater Treatment Plant.
Major stakeholders, key companies Industrial Wastewater Treatment Plant, investment feasibility and new market entrants study is offered.
Development scope of Industrial Wastewater Treatment Plant in each market segment is covered in this report. The macro and micro-economic factors affecting the Industrial Wastewater Treatment Plant Market
Advancement is elaborated in this report. The upstream and downstream components of Industrial Wastewater Treatment Plant and a comprehensive value chain are explained.
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Sodium Silicate Plant Manufacturers In India
We are a specific Manufacturer and Exporter of Sodium Silicate Plant. We have made and provided various Sodium Silicate Plants to various nations with and without mechanization. These Sodium Silicate Plants are manual worked and furthermore completely automated model with auto taking care of element. These Sodium Silicate Plants are engaged with Touch Screen HMI.
Our organization has reached to the zenith of accomplishment in this business by assembling and providing fantastic scope of Sodium Silicate Plant Machinery. Offered apparatus is fabricated using best grade of unrefined components and most recent strategies according to the most recent market patterns. Most massively utilized in sodium silicate plant, these are profoundly requested in substance ventures. To suit changed requests of ventures, we are offering this Sodium Silicate Plant Machinery in assortment of sizes and determinations.
Sodium silicates are glasslike solids that have a smooth appearance. The normal terms for a watery arrangement of sodium silicate are water glass and fluid glass.
This substance compound is dissolvable is steady as well as nonpartisan arrangements. Nonetheless, acidic medium, the particles of silicate respond with the particles of hydrogen to create silicic corrosive, which tends to deteriorate into hydrated silicon dioxide gel. The eventual outcome acquired, subsequent to driving off the water is silica gel, which is a hard-clear substance.
Sodium Silicate Plant comprises of areas, for example, unrefined substances dosing, response and filtration. The creation cycle of sodium silicate depends on clump astute activities. Sodium silicate can be created by dissolving silica in liquid sodium carbonate. It can likewise be delivered in a reactor, by treating a combination of harsh pop, water and silica as quartz sand with hot steam. The substance compound can be likewise be created from sodium sulfate with carbon as a diminishing specialist.
Sodium silicate is a significant glass industry synthetic compound, because of the presence of silica and sodium oxide. The fluid type of sodium silicate finds numerous applications, for example, iron deflocculant in wastewater treatment plants, glass fabricating, fire assurance, cleanser helpers, concrete definition, boring liquids, material handling, desiccant, creation of silica gel and assembling of obstinate pottery.
Sodium silicate arrangement is utilized as a paper concrete in the development of cardboard. Fluid glass is utilized as a penetrating liquid for the adjustment of borehole dividers. In the car business, this substance compound is utilized as a break sealer and fumes framework joint for fixing resonators, tailpipes, suppressors and different parts.
Sodium silicate flocculant is utilized to explain lager and wine, through precipitation of colloidal particles. Gels of sodium silicate are utilized as substrates for the development of green growth in hydroponics incubators.
The future interest for sodium silicate is an element of development of the end-client enterprises. Data got from Investment Authority give solid sign that private interest in the previously mentioned enterprises will undoubtedly develop.
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Zeolite Molecular Sieve Market Growth Drivers, Business Challenges & Development Trends
The global Zeolite Molecular Sieve Market size is expected to value at USD 4.27 billion by 2022. The zeolite molecular sieve industry is subject to witness a substantial growth due to the rising demand for production of detergent and catalysts. Additionally, zeolite molecular sieve is increasingly utilized as an absorbent due to of its sieve-like structure. Zeolite molecular sieve are crucial for separation and adsorption in various manufacturing process for production of detergents.
Zeolite molecular sieve used as an absorbent, particularly in oil & gas sector and for water treatment. Rising demand for detergents due to increase in hygiene awareness among consumers is anticipated to boost demand for zeolite molecular sieve as a builder in liquid and powder detergents. Globally, the zeolite molecular sieve market is predicted to grow at CAGR of 2.3% in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.
Rapid expansion of oil & gas industry, particularly in the North America & South America region, and end-use demand for catalysts to provide higher yield are estimated to aggravate market growth over the next seven years. In addition, substantial increase in the number of water treatment activities for wastewater treatment and purification of water are propelling market demand for zeolite molecular sieve, in the recent years.
However, availability of various alternatives such as enzymes, metals and other chemical compounds and their relatively lower cost in comparison with zeolite molecular sieve are expected to limit market demand to a certain extent. Additionally, volatility in cost of raw materials is restraining market growth, in the last few years. Yet, introduction of silver infused sieves as an antimicrobial is expected to amplify market expansion in the near future.
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Zeolites, which are micro-porous in nature and contains alumino-silicate minerals are commonly used as industrial adsorbents and catalysts. Zeolites are naturally found compounds. However, zeolites are manufactured for industrial use on a large scale. Industrially important zeolites are manufactured via various synthetic technique. Industrial zeolites are produced by heating aqueous solutions of alumina and silica with sodium hydroxide, while sodium aluminate and sodium silicate acts as a catalyst. Industrial application of zeolites include ion-exchange beds in residential and commercial water purification, softening, and other applications. Primary use of zeolites is in production of detergents.
The zeolite molecular sieve industry is broadly categorized into four major segments based on the application type such as detergents, catalysts, wastewater management and oil & gas industry. The detergents is considered as one of the fastest growing segment in the zeolite molecular sieve market with substantial revenue generation in the last few years. Growing popularity of zeolite molecular sieve in the detergents segment is attributed to the extensive use as binders. The oil & gas industry segment has also witnessed substantial growth owing to the increasing demand for absorbents.
The zeolite molecular sieve industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest techniques in detergents manufacturing sector, increase in the number of research & development activities in the region, expansion of oil & gas industry, and existence of well-established industrial infrastructure.
Asia-Pacific region is predicted to hold major market share in the zeolite molecular sieve market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with increasing adoption for production of lightweight construction material, growing use in production of asphalt concrete mix, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the zeolite molecular sieve industry are Tosoh Co., Arkema, Inc., BASF SE, Honeywell UOP LLC, Grace Catalysts Technologies, Inc., Zeox Co., Chemiewerk Bad Köstritz GmbH, and Union Showa K K.
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