Specialty & Fine Chemicals Industry Zeolite Molecular Sieve Market Research, 2024 - Page 2

Your Catalyst To a Lucrative Business The application sector of the global zeolite market includes detergent builders, catalysts, and adsorbents. The detergent builders sector was the leading application sector in 2015 due to their wide usage as binders in detergents. Rising detergent demands due to growing awareness about hygiene are said to spur the market growth. Catalysts are likely to grow at a CAGR of over 2 % over the estimated years. This is mainly due to the expansion of gas & oil industry. Moreover, increasing demands for high-performance catalysts providing higher output are expected to drive the industry growth. The product demands in adsorbents are also likely to grow at CAGR of 2 % during the estimated years due to high demands from applications like air separation & drying, water treatment, gas separation, petroleum refining, etc. Region-wise, Europe dominated the global market in 2015 occupying over 30 % of the total shares. The APAC region is projected to experience a considerable growth at a CAGR of over 3 % from 2016 to 2024. This can be attributed to the increasing infrastructure investment levels in Malaysia, India, China, Indonesia, and other Southeast Asian economies. The major players of the zeolite market include Tosoh Corp.; BASF SE; Grace Catalysts Technologies; and Zeox Corp. Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/catalysts- and-enzymes-industry Follow Us: