Jul 29, 2020   SOURCE: BusinessWire

Global Synthetic Zeolites Market Worth $6.4 Billion by 2027 - ResearchAndMarkets.com

The "Synthetic Zeolites - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to this 7th edition of the report. The 190-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Synthetic Zeolites Market to Reach $6.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Synthetic Zeolites estimated at US$5.4 Billion in the year 2020, is projected to reach a revised size of US$6.4 Billion by 2027, growing at a CAGR of 2.5% over the analysis period 2020-2027.

Zeolite A, one of the segments analyzed in the report, is projected to record a 2.6% CAGR and reach US$2.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Type Y segment is readjusted to a revised 2.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 2.3% CAGR

The Synthetic Zeolites market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2027 trailing a CAGR of 2.3% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.

Type X Segment to Record 3.1% CAGR

In the global Type X segment, USA, Canada, Japan, China and Europe will drive the 3.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$707.2 Million in the year 2020 will reach a projected size of US$882.1 Million by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$712.5 Million by the year 2027.

Competitors identified in this market include, among others:

  • Albemarle Corporation
  • Arkema Group
  • BASF SE
  • Chemiewerk Bad Kostritz GmbH
  • Clariant AG
  • EURECAT SA
  • Fujian Anten Chemical Co. Ltd.
  • Gujarat Credo Mineral Industries Ltd.
  • Gujarat Multi Gas Base Chemicals Pvt. Ltd.
  • Honeywell International, Inc.
  • Huiying Chemical Industry (Quanzhou) Co. Ltd.
  • Industrias Quimicas del Ebro, SA
  • KNT Group
  • Manek Group of Companies
  • National Aluminium Company Limited
  • Ningbo Jiahe New Materials Technology Co. Ltd.
  • PQ Corporation
  • Rive Technology
  • Tosoh Corporation
  • Union Showa K.K.
  • W. R. Grace & Co.
  • Zeochem AG
  • Zeolyst International

Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/4gztps