Zeolite 4A Market to achieve 5% growth by 2024
Date: 2018-12-03   Author: Rahul Varpe  Category: #market

Zeolite 4A Market to achieve  5% growth by 2024

Global Market Insights, Inc. adds a new Zeolite 4A Market research report for the period of 2018-2024 focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

Zeolite 4A Market size is likely to exceed USD 2 billion by 2024; according to a new research report by Global Market Insights, Inc. Growing preference towards adopting phosphate free based ingredients in detergent formulation will favor the global zeolite 4A market. Stringent regulations along with restrictions on the use of phosphate formulations across EU, with China, India and Brazil also on the verge of following suit will play a key role in demand evolution.

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Increasing application scope for use as an adsorbent in oil & gas, chemical and waste water treatment industry will drive zeolite 4A market demand. A crystalline structure makes it suitable for adsorption which makes this product as an efficient agent for drying and purifying liquids and gases in end-use industries such as chemical and oil & gas. A number of bulk separations, such as separating oxygen from air, olefins from paraffin and para xylene from mixed xylenes, makes use of these adsorbents.

Zeolite 4A market size from catalyst applications will witness highest gains at over 3% owing to its increasing usage in petroleum refining for cracking and downstream petrochemical production. It is mostly used in fluid cracking process and is a key ingredient in the reaction. In addition, these products are low cost catalysts with high yield which has led to demand within the oil & gas industry.

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Absorbents, detergents, and catalysts are the key applications in zeolite 4A industry size. The escalating demand for detergents surpassed a revenue of USD 535 million in 2015 and is projected to witness an eye-catching growth over the coming years. The growth can be attributed to the high dirt removal capability of zeolite 4A based detergents along with its ability to prevent deposition of foreign particles.

Absorbents application will exhibit an annual growth rate of 3% over the coming seven years, driven by its increasing requirement by the oil & gas industry. Additionally, supportive initiation taken by the government about its usage for water treatment will further enhance the zeolite 4A market growth. The zeolite-based catalyst is predicted to register a notable annual growth rate of more than 3% over the coming period of 2016-2024, owing to its increasing usage across the petrochemical industry.

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U.S. zeolite 4A market size may surpass USD 340 million by 2024. Increasing product demand for its usage in asphalt concrete mix formulations for infrastructure applications should drive regional industry growth.  Brazil zeolite 4A market size in detergent applications may register close to 10 kilo tons by 2024. Increasing use in animal feed to enhance nutrition intake should drive regional growth.

Global zeolite 4A market share is competitive & fragmented with many international well as local market players including PQ Corporation, BASF, Tosoh Corporation, and Nokan. Other prominent market players include Zeolite and Allied Products Pvt. Ltd., National Aluminum Company Limited, and Henkel SPIC India.

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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Corporate Sales, USA
Global Market Insights, Inc.
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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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