Global Synthetic Zeolites Market: Key Highlights
Global Synthetic Zeolites Market: Key Market Dynamics
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Global Synthetic Zeolites Market: Regional Overview
The synthetic zeolites market in the Asia-Pacific region is projected to account the largest share, due to the growing refining industry to meet the increasing demand for oil. Moreover, the presence of leading economies, such as China, and India, and increasing population, and growing urbanization has expected to boost demand for detergent which further boosts the demand for synthetic zeolite market.
North America synthetic zeolite market is projected to witness significant growth during the forecast period. This growth can be attributed to the increasing demand for zeolites as a softening agent in the soap and detergent industry. Furthermore, growing environmental concerns against the usage of phosphate have also stimulated the demand for zeolites across several industries in North America.
Global Synthetic Zeolites Market: Key Players Overview
Albemarle Corporation is a global developer, manufacturer and marketer of speciality chemicals. The company majorly operates through three business segments namely lithium and advanced materials, bromine specialities and refining solutions. Albemarle Corporation serves various end markets, including petroleum refining, consumer electronics, energy storage, construction, automotive, lubricants, pharmaceuticals, crop protection, food safety and custom chemistry services. In December 2017, Albemarle Corporation launched a new technology for the Fluid Catalytic Cracking (FCC) catalyst market namely Granite. The Granite technology platform is based on a novel matrix/binder system, which expands the catalyst formulation window and enables refiners to maximize their profitability through better bottoms upgrading, improved coke selectivity, and higher zeolite stability while achieving targeted product yields.
BASF SE is one of the leading chemical company across the globe. The company operates through six business segments including Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. The Chemicals segment consists of the Petrochemicals and Intermediates divisions. The Materials segment consists of Performance Materials and Monomers divisions. The Industrial Solutions segment consists of Dispersions & Pigments and Performance Chemicals divisions. The Surface Technologies segment consists of Catalysts, Coatings and Construction Chemicals divisions. The Nutrition & Care segment consists of Care Chemicals and Nutrition & Health divisions. The Agricultural Solutions segment consists of Agricultural Solutions division, which focuses on the provision of crop protection products and seeds. In September 2017, BASF SE has invested in a new production plant for speciality zeolite in the Ludwigshafen, Germany.
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