Zeolites Market Expected To Witness Growth As Usage In Petroleum Refining Industry Increases: Grand View Research, Inc.
New Market Research Reports Title Global Zeolites Market Analysis Size And Segment Forecasts To 2020 Has Been Added to GrandViewReseach.com Report Database
Zeolites market is expected to witness significant growth on account of increasing use in petroleum refining and catalysis. Growing detergent industry is expected to be a major driver for market growth over the forecast period. In addition, increasing use of zeolites as catalysts in petroleum refining of products such as gasoline, diesel and other fuels owing to less carbon emissions is expected to propel market demand. Asia pacific is expected to fuel demand for zeolites as a result of increasing consumption in petroleum refining and detergent industry mainly in China, Australia and India.
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In addition, increasing refining capacities particularly in China, India and Malaysia is expected to supplement zeolites demand over the next six years. Moreover, pollution free nature of zeolites is expected to propel its market growth. However, bulky nature and high logistics cost is expected to restrain market growth over the next six years.
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Increasing application of zeolites in antiseptics, concrete and dietary supplements and as a replacement to activated carbon applications is further expected to accelerate market demand over the forecast period. Key market players include Honeywell International Inc., BASF SE, Bear River Zeolite Co. Inc., Tosoh Corp., Arkema Inc., Zeolyst International Inc., Clariant Corp., Tricat Inc., W.R. Grace&Co. and Zeox Corp. Tricat Inc. produces high quality zeolites which find application in petrochemical and refining sector. Zeolyst provides zeolites which upgrade refinery stream to high octane gasoline blends. BASF produces fuel efficient zeolites catalysts which find wide application in automotive industry and comply with US 2010 standard and EURO 6 standards for air emissions.
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