SYNTHETIC ZEOLITE MARKET ANALYSIS

Market Challenges And Opportunities

Global Synthetic Zeolite Market: Restraints

Impact of the toxic nature of synthetic zeolites

The toxic nature of the synthetic zeolites, along with its associated health hazards, acts as a barrier to its widespread use. This factor is anticipated to hinder the market growth over the forecasted period. Addressing the health concerns and developing safer alternatives are essential to mitigate these limitations and promote market expansion.

High selectivity of synthetic zeolite

 The exceptionally high selectivity of synthetic zeolites results in reduced utilization across a variety of applications, which limits market expansion. This limitation is projected to hinder the market expansion over the forecast period. Exploring strategies to enhance the versatility and broaden the application potential of synthetic zeolites is crucial to overcome this obstacle and drive the market growth.

Global Synthetic Zeolite Market: Opportunity

Increasing demand for silver zeolites in antimicrobial applications

The growing demand for silver zeolites in antimicrobial applications is projected to provide potential market growth opportunities over the forecast period. Since silver is well known for its natural anti-microbial agent, it is extensively used in various environmental conditions. Moreover, silver zeolites find potential applications across the healthcare industry due to their promising antimicrobial properties.

Rising use of synthetic zeolite in hydrogen-based energy

The expanding scope of synthetic zeolites across the hydrogen economy application is projected to offer lucrative market growth opportunities in the near future. The growing demand for hydrogen-based energy as it is a clean and sustainable source of energy is propelling the demand for synthetic zeolites. Zeolites are used as a catalyst in the hydrogen production process. However, hydrogen energy generation is at the nascent phase with potential opportunities in the near future. For instance, in 2021, BASF initiated the use of synthetic zeolites in its metal-Organic Framework (MOF) membranes to produce hydrogen from methane. The company has a pilot plant in operation in Germany, and it is planning to build a commercial-scale in the near future.