Specialty Zeolites Market by latest Key Players Zeochem AG, BASF SE, Arkema Group, Clariant, Albermarle Corporation, Zeolyst International and W. R Grace & Company
Global Specialty Zeolites Market valued at over USD 40 million in 2015, is likely to reach USD 50 million by 2024, registering a moderate CAGR of over 3% during the forecast timespan.
(EMAILWIRE.COM, August 06, 2018 ) In 2015, Europe accounted for largest specialty zeolites market share, followed by North America and Asia Pacific. However, North America and Europe shall witness moderate gains from 2016 to 2024 due to prevalence mature end-user industries in the region. Asia Pacific countries possess high potential growth owing to the robust economic growth, infrastructural boom and rapid industrialization & urbanization. China is investing heavily in infrastructural development mostly in construction of healthcare centers and commercial institutions. India is likely to show substantial growth in construction sector, surpassing the demand from China, which is going to boost the regional specialty zeolites market size by 2024.
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Global Specialty Zeolites Market size valued at over USD 40 million in 2015, is likely to reach USD 50 million by 2024, registering a moderate CAGR of over 3% during the forecast timespan. The product is a particular type of zeolites that require high pressure synthesis. The unique honeycomb lattice framework of oxygen, hydrogen, silicon and aluminum gives the product special properties that enables it to be used in wide variety of industries.
The prime driver for the specialty zeolites market size is the paints & coatings industry, which is driven by the plastics and construction material industry. The paints & coatings industry is exhibiting a rise in the product use due to stringent government rules and guidelines in place to eradicate volatile organic compounds (VOCs) usage in paints & coatings. A similar hike in the product demand can be seen in plastics industry.
The surge in construction activities across different segments around the world is contributing towards business growth, specially in developing economies including China, Japan, India, Brazil and Mexico. The product demand in these countries will elevate due to infrastructural upliftment along with permission for Foreign Direct Investment (FDI) in the construction sector, which will positively boost product demand across residential as well non-residential construction projects on account of reformed and favorable government policies, trade regulations, tariffs and taxes.
The product finds applications in the cosmetic industry as an essential ingredient in makeup, skin care and bath products. Rise in disposable income of people across the globe along with improving consumer spending pattern is likely to drive the personal care industry and eventually raising the product demand across the globe. In addition, the personal care business will display positive growth due to increased awareness among consumers about hygiene and other health & beauty related products.
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The major end-users of specialty zeolites market size are plastics, paints & coatings, construction material and personal care industry. The product is used to make construction materials that satisfy requirements of energy efficient and green buildings. It is also used in preparation of high-performing light-weight concrete used for construction activities.
Increasing government initiatives towards promoting energy efficient or green buildings will subsequently boost the product demand, thereby boosting the specialty zeolites market size by 2024. Across paints & coatings, the product is widely used in odor control, as it helps in adsorbing toxic substances such as ammonia, ammonium and hydrogen sulfide, which makes it useful for the paints & coatings industry.
Key specialty zeolites market share contributors are Honeywell UOP, Tosoh Corporation, Zeochem AG, BASF SE, Arkema Group, Clariant, Albermarle Corporation, Zeolyst International and W. R Grace & Company. These major players in the industry has presence across multiple stages of the industry ecosystem, which offers them competitive advantage in the business.
Market share calculation in this report is not done based on companies covered in it. The calculation of specialty zeolites market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1274
Global Specialty Zeolites Market size valued at over USD 40 million in 2015, is likely to reach USD 50 million by 2024, registering a moderate CAGR of over 3% during the forecast timespan. The product is a particular type of zeolites that require high pressure synthesis. The unique honeycomb lattice framework of oxygen, hydrogen, silicon and aluminum gives the product special properties that enables it to be used in wide variety of industries.
The prime driver for the specialty zeolites market size is the paints & coatings industry, which is driven by the plastics and construction material industry. The paints & coatings industry is exhibiting a rise in the product use due to stringent government rules and guidelines in place to eradicate volatile organic compounds (VOCs) usage in paints & coatings. A similar hike in the product demand can be seen in plastics industry.
The surge in construction activities across different segments around the world is contributing towards business growth, specially in developing economies including China, Japan, India, Brazil and Mexico. The product demand in these countries will elevate due to infrastructural upliftment along with permission for Foreign Direct Investment (FDI) in the construction sector, which will positively boost product demand across residential as well non-residential construction projects on account of reformed and favorable government policies, trade regulations, tariffs and taxes.
The product finds applications in the cosmetic industry as an essential ingredient in makeup, skin care and bath products. Rise in disposable income of people across the globe along with improving consumer spending pattern is likely to drive the personal care industry and eventually raising the product demand across the globe. In addition, the personal care business will display positive growth due to increased awareness among consumers about hygiene and other health & beauty related products.
Request for customization of this report @ https://www.gminsights.com/roc/1274
The major end-users of specialty zeolites market size are plastics, paints & coatings, construction material and personal care industry. The product is used to make construction materials that satisfy requirements of energy efficient and green buildings. It is also used in preparation of high-performing light-weight concrete used for construction activities.
Increasing government initiatives towards promoting energy efficient or green buildings will subsequently boost the product demand, thereby boosting the specialty zeolites market size by 2024. Across paints & coatings, the product is widely used in odor control, as it helps in adsorbing toxic substances such as ammonia, ammonium and hydrogen sulfide, which makes it useful for the paints & coatings industry.
Key specialty zeolites market share contributors are Honeywell UOP, Tosoh Corporation, Zeochem AG, BASF SE, Arkema Group, Clariant, Albermarle Corporation, Zeolyst International and W. R Grace & Company. These major players in the industry has presence across multiple stages of the industry ecosystem, which offers them competitive advantage in the business.
Market share calculation in this report is not done based on companies covered in it. The calculation of specialty zeolites market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results