Increasing Import and Export of Natural Gas and Increasing Expenditure on Household Cleaning Products to Augment Growth of Synthetic Zeolite Market

 

Synthetic Zeolite Market

Synthetic zeolite is obtained process of slow crystallization of a silica-alumina gel in the presence of alkalis and organic templates. This super-hard mineral can be used as a source of oxygen in experiments with free radicals. It has been proven that zeolite can absorb infrared, x-rays, and ultraviolet light, which is why it is frequently added to many kinds of laboratory testing environments.

Synthetic zeolite is attractive for separation and drying because of its affinity for water, its high-solubility in all but low-molecular weight water, its ability to accept various other small sized molecules, and its ability to reject larger molecular ones. Though the absorption of infrared and ultraviolet light by synthetic zeolites has yet to be proven conclusively, it is thought to possess some of the same properties of natural zeolite. For energy efficiency and thermal comfort in buildings, research is currently being conducted to improve these properties.

Market Dynamics

Increasing import and export of natural gas is expected to propel growth of the global synthetic zeolite market. For instance, the U.S. imported about 52.8 Bcf of liquefied natural gas from only four countries. However, the country witnessed increase in export. According to the same source, the U.S. liquefied natural gas export capacity increased from less than 1 billion cubic feet per day (Bcf/d) in 2016 to nearly 9 Bcf/d at the end of 2019.

Increasing expenditure on household cleaning products is expected to offer lucrative growth opportunities for players in the global synthetic zeolite market. For instance, in December 2020, according to a new survey conducted by Toluna and commissioned by Tide, about two-thirds of the people in the U.S. are concerned about stains this holiday season and over 40% of the people in the U.S. foresee grease and oil as the biggest challenge in preparation for their holiday meal. In fact, nearly 60% say that household cleaning products, such as laundry detergent, will take up more room in their shopping cart this year.

Competitive Analysis

Major players operating in the global synthetic zeolite market include, Zeolyst International Inc. (Shell), Albemarle Corporation, Metalsearch Limited, Fujian Risheng Chemical Co., Ltd., W.R. Grace & Company, Anten Chemical Co., Ltd., Chemiewerk Bad Kostritz GmbH, BASF SE, Clariant AG, Honeywell International, Inc., Huiying Chemical Industry (Quanzhou) Co., Ltd.

Major players operating in the global synthetic zeolite market are focused on adopting various strategies to enhance their market share. For instance, in April 2020, Metalsearch Limited secured an exclusive worldwide license for a unique newly developed synthetic zeolite processing technology that has the potential to significantly lower the cost of production for this widely applied input.

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