The global natural zeolites market size was USD 12.36 Billion in 2022 and is expected to reach USD 16.96 Billion in 2032, and register a rapid revenue CAGR of 3% during the forecast period. Rising demand for natural zeolites in the agriculture sector is a major factor driving market revenue growth. Construction, water treatment, agriculture, gas separation, and other industries frequently use natural zeolites, which are crystalline microporous minerals.
Zeolites are employed as a soil amendment as well, helping to improve soil productivity by improving nutrient retention and reducing soil erosion. In addition, rising need for natural zeolites in the construction industry is another key factor driving revenue growth of the market.
The market for natural zeolites is also expected to experience accelerated growth in applications related to soil remediation and water treatment. Soil contamination is a major concern in European and Asian countries, and natural zeolites are being employed in soil modification applications to improve soil and crop quality in response to the increasing soil contamination issue.
The presence of alternative materials poses a challenge to the growth of the natural zeolites market. Both mineral-based and non-mineral-based alternatives pose a threat in various application areas such as building materials, water treatment, and soil modification. Major global players are increasing their production capacity through the establishment of new plants, joint ventures, and acquisitions to expand their market reach internationally.
The COVID-19 pandemic has had a notable impact on the industry. Uncertainty regarding market prospects has prompted major players to redefine their strategies to overcome the challenges. The construction industry faced significant disruptions, leading to production halts and labor shortages due to repeated lockdowns. The pandemic also affected foreign trade, exports, and imports, resulting in a substantial decline in industry demand. Companies in the market have focused on clearing their stocks and maintaining cash balances. Despite the challenges, the pandemic also presents opportunities for industry expansion, as manufacturers strive to provide innovative and cost-effective solutions to meet the changing needs of customers with reduced disposable income.
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Further key findings from the report suggest:
- The construction equipment segment is expected to remain the largest in terms of revenue during the forecast period, owing to the significant advantages offered by natural zeolites, such as improved strength and durability.
- The global prevalence of wastewater and the subsequent growth of the water treatment industry are expected to drive the demand for natural zeolites.
- The soil remediation sector is projected to grow at a compound annual growth rate (CAGR) due to increasing soil contamination.
- Asia-Pacific is anticipated to be the leading region in the market, driven by rapid infrastructural developments.
- BASF, a key player in the market, has recently invested in a specialized zeolite plant in Germany to increase its manufacturing capacity for catalysts used in high-end emissions.
- Other major players in the market include Lenntech BV, Zeolyst International, Zeocem Ltd., R. Grace & Co-Conn, Albemarle Corporation, Bear River Zeolite, Anten Chemical Co., Ltd., IDA-ORE, Clariant, Teague Mineral Products, GruppoApostolicoTanagro, and NanoScape AG, among others.
For the purpose of this report, the global Natural Zeolites Market has been segmented based on Product, Application, End-Users, and region:
Product Outlook:
- Granular Natural Zeolite
- Pelletized Natural Zeolite
- Powder Natural Zeolite
Application Outlook:
- Adsorbent
- Filtration
- Odor Control
- Soil Stabilizer
- Animal Feed
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