ZEOLITE MARKET ANALYSIS

Market Challenges And Opportunities

Market Dynamics  

• A major driver for the growth of the global zeolite market is rising demand for the detergents for the domestic and industrial application. For instance, According to the department of consumer affairs, in India, the market for synthetic detergents was valued at about US $1.63 billion in 2013, with a compounded annual growth rate (CAGR) of three percent. Zeolites remove dyes from the washing liquor by hetero-coagulation and adsorption. Zeolites can exchange hard ions with soft ions and are used for softening of water.
• However, increasing adoption of catalysts, which are equally cost competitive may hamper the growth of the global zeolite market. For instance, Rare earth metal ions which are costly are being replaced by Copper, Zinc, Cobalt etc.