Global Specialty Zeolites Market Size By Type, By Application, By Geographic Scope And Forecast

Report Highlights

Specialty Zeolites Market Size And Forecast

Specialty Zeolites Market was valued at USD 45 Million in 2019 and is projected to reach USD 59.10 Million by 2027, growing at a CAGR of 3.5% from 2020 to 2027.

Global Specialty Zeolites Market Outlook

Increasing demand from paints and coating industry as well as rise in plastic market and automobile market is fueling specialty zeolites market. Another end user of specialty zeolite is construction industry which uses specialty zeolite for manufacturing lightweight blocks thus, increasing construction and building business in emerging economies is boosting the market growth of specialty zeolites. Furthermore, strict regulations on elimination of volatile organic compounds are propelling market growth of specialty zeolites nowadays. In addition, increase in energy demand throughout the world is supposed to augment specialty zeolite for filtration and separation. Moreover, specialty zeolite acts as a catalyst for many processes and growing demand for petroleum and petrochemical products causes increase in the use of catalyst. But on the other side, use of alternate absorbents like silica gel and activated carbon is restricting the growth of specialty zeolites market. In spite of this, rapid industrialization and growing infrastructures in emerging economies are expected to generate huge opportunities for specialty zeolites market over the forecast period.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Specialty Zeolites Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.