Future industry Insights’ recent research titled zeolite for detergents industry worldwide Industry Analysis 2013 to 2021 and Opportunity Assessment 2022 to 2028′ provides important insights on the worldwide zeolite for detergents industry. The long-term outlook for the global zeolite for detergents market remains positive, with a CAGR of 2.7% expected from 2022 to 2028.
The Zeolite A product type category is anticipated to grow significantly in terms of both value and volume over the estimated timeframe. Global sales of zeolite for detergents are projected to reach $1,494.9 million by the end of 2022.
North America is predicted to maintain its dominance throughout the course of the forecast period, accounting for a value share of 24.7% of the global zeolite for detergents market by the end of 2022. The various factors that are expected to affect the industry throughout this time are discussed in this study by Future various Insights.
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Zeolite for Detergents Market: Dynamics Influencing Revenue Growth
The main factor propelling the growth of the zeolite for detergents market is the rising demand for powder and liquid detergents worldwide. Furthermore, there is a rise in demand for zeolites as substitute materials due to global prohibitions or bans on the use of phosphate compounds in detergents.
Furthermore, developing nations are seeing a rise in the demand for personal care and home care goods due to rising levels of economic success, disposable income, and purchasing power. The markets for raw materials like zeolite, surfactant, and additives, among others, will be fueled by this rising demand.
Additionally, the market for zeolite detergents is growing due to rising demand for and consumption of environmentally friendly alternatives around the world. Furthermore, in an effort to outperform rivals, a number of zeolites manufacturers are concentrating on supplying customized product solutions.
Zeolite for Detergents Market: Segmentation Analysis
The zeolite for detergents market can be segmented on the basis of product type as Zeolite A, Zeolite P and Zeolite X & AX.
- On the basis of product type, the zeolite A segment is estimated to dominate the market in terms of value over the forecast period
- The Zeolite X and AX segment is estimated to grow with a significant CAGR as compared to other types over the forecast period. It is expected to represent a total incremental opportunity of US$ 52 Mn between 2022 and 2028
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Zeolite for Detergents Market: Regional Market Projections
North America is expected to dominate the market with a 24.7% market share in terms of revenue in the global zeolite for detergents market by the end of 2022. After North America, Western Europe is expected to account for a dominant revenue share in the global zeolite for detergents market through 2028.
The China market is projected to hold a significant market share in terms of value in the global zeolite for detergents market over the forecast period, exhibiting a CAGR of 3.0%.
Zeolite for Detergents Market: Vendor Insights
Some of the players reported in this study on the global zeolite for detergents market are PQ Group Holdings Inc., Chalco Shandong Advanced Material Co. Ltd, National Aluminium Company Limited, Anten Chemical Co. Ltd., Silkem d.o.o., IQE Group, Gujarat Credo Mineral Industries Ltd., Sachem Inc., Huiying Chemical Industry (Xiamen) Co. Ltd., Manek Group (Manek Mineral), Kunjan Silicate Pvt. Ltd., Fujian Risheng Chemical Co. Ltd., Guangzhou Hengbang Fine Chemical Co. Ltd., Huiying Chemical Industry (Quanzhou) Co. Ltd., and Luoyang Jianlong Chemical Industrial Co. Ltd., among others.
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Key Segmentation
By Product Type:
- Zeolite A
- Zeolite P
- Zeolite X and AX
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- China
- Japan
- India
- Southeast Asia Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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