The high-silica zeolite market is likely to register a CAGR of 1.2% during the forecast period, and is anticipated to reach a high-silica zeolite market share of USD 1.37 Billion in 2032, from USD 1.22 Billion in 2022.
The increasing adoption of all types of chemicals in various industries, the increasing number of technological advancements in the chemical industry, the increasing demand for high-silica zeolite in the detergent industry, and the growing number of end use industries globally are some of the major and important factors that will likely accelerate the growth of the high silica zeolite market and sales of high-silica zeolite in the projected timeframe.
| Attributes | Details |
|---|---|
| High-Silica Zeolite Market (CAGR) | 1.2% |
| High-Silica Zeolite Market (2022) | USD 1.22 Billion |
| High-Silica Zeolite Market (2032) | USD 1.37 Billion |
High costs connected with product usage, as well as tight government restrictions, would most likely serve as market barriers to the expansion of the high-silica zeolite market and sales of high-silica zeolite in the above-mentioned predicted period.
Increasing levels of competition among competitors have become the largest and most pressing impediment to the high-silica zeolite market’s growth.
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
As compared to low and intermediate zeolites, the high-silica zeolites can remove and recover organic matter from water streams and carry out separation and catalysis in the presence of water, which is a major factor that is driving the demand for high-silica zeolite as well as sales of high-silica zeolite among the several end-use industries such as petroleum, petrochemical and others.
High-silica zeolite is widely used in the petroleum refining process. Catalytic cracking, isomerization, hydrocracking, alkylation, and other modern processes are based on the demand for high-silica zeolite along with sales of high-silica zeolite containing catalysts along with escalated sales of high-silica zeolite. High-silica zeolites also find broad application as absorbents in gas purification and drying and in the production of high-purity substances.
Owing to the several applications of high-silica zeolites, demand for high-silica zeolites is constantly increasing among the end-use industries, which is propelling the global high-silica zeolite market and also the sales of high-silica zeolite.
Moreover, the increasing popularity of high-silica zeolites among an end-use segment of the high-silica zeolites market, due to its exceptional properties, such as high chemical as well as thermal stability, has a significant impact on the high-silica zeolites market and surged demand for high-silica zeolite along with escalated sales of high-silica zeolite.
Demand for high-silica zeolite and sales of high-silica zeolite in the high-silica zeolite market is anticipated to be led by the Asia Pacific region, owing to the growing crude oil refining sector. China is driving the majority of growth in the crude oil refining industry in the Asia Pacific. The growing crude oil refining industry is creating more demand for high-silica zeolite and petroleum refining catalysts such as high-silica zeolites.
North America is anticipated to witness significant growth in the high-silica zeolites market; the USA is a prominent country in the petroleum refining sector. The USA is one of the vital producers of refined petroleum products and thus represents high high-silica zeolites market potential.
High-silica zeolites market of Europe is expected to witness robust growth in demand for high-silica zeolite in addition to sales of high-silica zeolite, helped by the increasing preference of manufacturers of high-silica zeolites to European countries for expansion of its manufacturing facilities, in order to fulfil the growing demand for high-silica zeolites along with skyrocketing sales of high-silica zeolite from regional end-use industries.
Despite the impressive growth in oil refining capacities in the Middle East and Africa, the local refineries are capable of processing a very less amount of the crude oil produced here; as a result, the high-silica zeolite market and the sales of high-silica zeolite are expected to witness comparatively moderate growth in this region.
| Report Attribute | Details |
|---|---|
| Growth rate | CAGR of 1.2% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 to 2020 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments covered | Type, Application, End Use, Region |
| Regional scope | North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia and New Zealand |
| Country scope |
USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa |
| Key companies profiled | Honeywell International Inc; CECA Arkema Group; BASF SE; Tosoh Corporation; Zeochem AG; Zeolyst International; W. R. Grace; CWK Chemiewerk Bad Köstritz GmbH; Clariant AG; KNT Group; Zeolites And Allied Products Private Limited and others |
| Customization scope | Free report customization (equivalent to up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
The high-silica zeolite market is anticipated to register a CAGR of 1.2% during the forecast period.
The High-Silica Zeolite market share is anticipated to reach USD 1.31 Billion by 2028.
Demand for high-silica zeolite is likely to rise, as the rising need for petroleum refining catalysts, which have the capacity to reduce processing costs while increasing product output, has been driving expansion.
| Market Value 2023 | USD 13 Billion |
|---|---|
| Projected Value 2033 | USD 22.21 Billion |
| CAGR(2023 to 2033) | 5.5% |
| Market Value (2022E) | USD 1,494.9 million |
|---|---|
| Market Value (2028F) | USD 1,754.1 million |
| Value CAGR (2022 to 2028) | 2.7% |
Explore General & Advanced Materials Insights
View Reports
High-Silica Zeolite Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
