Global zeolite market dominated by Arkema Inc., BASF SE Corp., Honeywell International Inc., and Tosoh Corp.
Global Zeolite Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-11 22:33:02
Increase in production capacities of major vendors is a trend being witnessed in the Global Zeolite market. As a result of the growing demand for zeolite in applications such as catalysis, and detergent and adsorbent manufacturing, major players are investing heavily in exploration and development of new production sites to tap the surge in demand. Moreover, many vendors are increasingly adopting and investing in the production of synthetic zeolites to cater to the Catalyst Manufacturing sector, which is currently growing at a high rate.
One of the key drivers in this market is the increased use of zeolite as a catalyst in petroleum refining, which is leading to the production of sustainable and pollution-free automobile fuels.
Further, one of the serious challenges faced by this market is the increase in competition among vendors in the Global Zeolite market which has resulted in price wars.
The key players operating in the global zeolite market include Arkema Inc., BASF SE Corp., Honeywell International Inc., and Tosoh Corp.
The global zeolite market is forecast to grow at a CAGR of 7.33 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increased use of zeolites in catalysis and petroleum refining. The Global Zeolite market has also been witnessing the trend of increase in production capacities. However, the intense competition leading to price wars could pose a challenge to the growth of this market.
Other vendors operating in the market are Bear River Zeolite Co. Inc., Blue Pacific Minerals Ltd., Clariant Corp., Tricat Inc., W. R. Grace & Co., Zeolyst International Inc., and ZEOX Corp.
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