Synthetic Zeolites Market to See Modest Growth between 2017 and 2022, Forecasts M&M in Its Cutting-Edge Report Available at MarketPublishers.com19 Jul 2017 • by Natalie Aster
LONDON – Through 2022, the world’s market for synthetic zeolites is forecast to exhibit steady growth at a modest CAGR of 3.6% spurred by constantly rising demand for FCC catalysts, strong demand from the detergent industry and also expanding VOC adsorbents sector. By 2022, the value of this market is projected to exceed USD 16.25 billion.
However, diminishing crude oil reserves and a mature detergents market in the European region could considerably hamper the further growth in the synthetic zeolites market.
Amid all applications of synthetic zeolites, the adsorbents sector is anticipated to increase at the highest rate during 2017-2022.
Regionally, the APAC synthetic zeolites market is predicted to enjoy the highest CAGR through 2022; this is attributed to increasing local population number, rapid urbanization, changing lifestyles and escalating demand for phosphate-free detergents in the region.
The cutting-edge topical report “Synthetic Zeolites Market by Type, Application, and Region - Global Forecast to 2022” elaborated by MarketsandMarkets (M&M) presents a clear picture of the current scenario in the global market for synthetic zeolites as well as explores the situation across the key regional countries. Besides, the report provides access to unbiased insights into the market dynamics, uncovers reliable data on the key market growth influencing and restraining factors, identifies the major challenges and lucrative opportunities. This research study also offers a look at the competitive environment, profiles the top companies active in this field and touches upon the key regulative norms. Additionally, a future outlook through 2022 for the synthetic zeolites market is at hand.
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