According to the new market research report "Zeolites Market by Type (Natural, Synthetic), Function (Ion-Exchange, Catalyst, Molecular Sieve), Synthetic Zeolites Application (Detergents, Absorbent, Catalysts), Natural Zeolites Application, and Region", published by MarketsandMarkets™, the global Zeolites Market size is estimated to be USD 12.1 billion in 2021 and is projected to reach USD 14.1 billion by 2026, at a CAGR of 3.1% between 2021 and 2026, owing to an increase in demand of zeolites in detergent industry.
The Asia Pacific dominated the global Zeolites Market in 2020. It is majorly due to the increase in demand for zeolites from major countries such as China, Japan, and India. China is the largest market for Zeolites Market in Asia Pacific. Surging demand for transportation fuels is driving the market for refinery catalysts in the Asia Pacific region.
The key market players include Albemarle Corporation (US), BASF SE (Germany), Honeywell International Inc. (US), Clariant (Switzerland), W.R. Grace & Co. (US), TOSOH Corporation (Japan), Union Showa KK, (Japan), Zeochem AG (Switzerland), KNT Group (Russia), Arkema (France), Zeolyst International (US), Huiying Chemical Industry(Xiamen) Co., Ltd. (China), Chemiewerk Bad Köstritz GmbH (Germany), NALCO India (India), and PQ (US).
