Growing consumer consciousness about the adverse effect of phosphate based detergent will stimulate zeolite 4A market share over the coming period of 2016 to 2024. According to the report by Global Market Insights, Inc., “Zeolite 4A market having had a revenue of 1.2 billion in 2015 and is predicted to witness an annual growth rate of more than 5% over the coming seven years.” The ban on phosphate based detergent will build a huge market scope for the zeolite 4A based detergents, which, in turn, will propel the zeolite 4A industry size. The increasing need for absorbent for key application purposes such as air separation & drying, water treatment, packaging, gas separation, and petroleum refining will influence considerably zeolite 4A industry growth.
U.S. Zeolite 4A Market size, by application, 2013-2024 (USD Million)
Based on the nature of the state, detergents are mainly divided into liquid and powder. As per the study, global demand for liquid and powdered detergents were 5.4 and 12.6 million tons respectively in 2015 and is predicted to surpass 7.6 & 15.2 million tons over the period of 2016 to 2024.
Detergents are expected to lead application landscape over the coming years
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.
Below are the regional trends influencing zeolite 4A industry over the period of 2016 to 2024
The market players are willing to invest more in R&D programs to develop and commercialize a wide range of zeolite 4A grades over the coming years. Key industry participants include PQ Corporation, Tosoh Corporation, Clariant International Ltd, BASF.