Albany, NY -- (SBWire) -- 03/24/2017 --Global Zeolite 4A Market: Overview
The environment-friendly nature and excellent ion exchange capacity of zeolite 4A make it an attractive substitute for Sodium Tri Poly Phosphate (STPP) in the detergent industry. Its use provides benefits such as high sequestering power at extreme temperatures and no fertilizing effect. Water treatment, packaging, gas separation, oil refining, and drying are some of its key applications. Zeolite 4A is being studied extensively as a heterogeneous catalyst that can be regenerated and recycled with the lower expense and better ease, leading to fewer byproducts. The research report is a professional study on the global market for zeolite 4A, offering insights into various critical aspects.
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Global Zeolite 4A Market: Key Trends
A large share of the revenue of the global zeolite 4A market is generated from the detergent industry. Zeolite 4A is majorly used as a substitute for phosphorous for manufacturing detergents, as it possesses high efficiency in preventing foreign particle deposition and dirt removal. In addition, the increasing consumer awareness regarding the harmful effects of phosphate-based detergent on environment is working in favor of the market. Moreover, stringent government measures pertaining to environment conservation are augmenting the market.
On the flip side, the growing penetration of cheaper eco-friendly catalyst materials and chemicals is creating pricing pressure on players in the market. Furthermore, the presence of numerous substitutes such as metals and other compounds is hampering the growth of the market.
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Global Zeolite 4A Market: Market Potential
The demand for zeolite 4A in the refining industry is anticipated to increase in the near future due to the rising volume of refinery output in the Middle East, Africa, and Asia Pacific regions. The global refinery output was 76,865.1 thousand barrels per day in 2015. Because of the high selectivity, cost-effectiveness, and efficiency of zeolite catalysts, they are often the most preferred method for a number of refinery conversions. The growing research and development activities in product-based catalyst applications to keep pace with the flourishing refining industry are also likely to facilitate the uptake of zeolite 4A. Moreover, the increasing usage of catalysts in various processes in the petrochemicals industry such as fluid cracking is estimated to bode well for the growth of the market in the foreseeable future.
Global Zeolite 4A Market: Geographical Segmentation
The key segments analyzed in the report on the basis of geography are North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Europe will be a prominent market throughout the review period, with countries such as France, Germany, Belgium, and the Netherlands being the major contributors. Stringent regulatory framework for greenhouse gasses (GHG) emissions along with high-capacity manufacturing units for detergents and refrigerants is contributing to the growth of the region.
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North America will also account for a noteworthy share in the market, owing to the increasing demand for zeolite 4A for infrastructural applications, particularly in the U.S. Asia Pacific will post a significant CAGR during the same period. The mounting infrastructural expenditure in emerging countries such as India and China is fuelling the growth of the region. The rising demand in Latin America can be attributed to the growing application in animal feed to improve nutrition intake.
Global Zeolite 4A Market: Competitive Landscape
The global zeolite 4A market is a highly fragmented arena. Players are willing to invest sizeable funds in research and development activities to launch a wide range of zeolite 4A grades over the forthcoming years. Some of the key global participants in the market are Clariant International Ltd., Zeolyst International (a subsidiary of PQ Corporation), Tosoh Corporation, and BASF.
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Zeolite 4A Market Deep Research Study with Forecast by 2025
A large share of the revenue of the global zeolite 4A market is generated from the detergent industry. Zeolite 4A is majorly used as a substitute for phosphorous for manufacturing detergents, as it possesses high efficiency in preventing foreign particle deposition and dirt removal.