The global synthetic zeolite Y adsorbent market is projected to grow from USD 1,252.1 million in 2024 to USD 1,888.2 million by 2034, at a 4.2% CAGR. Market Survey on Synthetic Zeolite Y Adsorbent Covering Sales Outlook, Up-to-date Key Trends, Market Size and Forecast, Production Capacity, Export and Import Analysis, Regulations, Trade Analysis and Company Analysis.
NEWARK, DE / ACCESSWIRE / August 15, 2024 / The global synthetic zeolite Y adsorbent market is forecast to increase from USD 1,252.1 million in 2024 to USD 1,888.2 million by 2034. The market is expected to surge at a CAGR of 4.2% by 2034.
The growing demand for clean potable water and the scarcity of freshwater sources are expected to fuel the demand for synthetic zeolite Y adsorbents. The rapidly growing population and increasing government initiatives for water infrastructure development are key factors accelerating growth.
The synthetic zeolite Y adsorbent market is witnessing a surge in demand for advanced gas separation technologies, driven by a growing imperative for clean energy and environmentally friendly industrial processes. In line with sustainability goals and emission reduction targets, industries turn to synthetic zeolite Y for VOC treatment.
The adsorbents' efficiency in capturing and removing VOCs from air streams aligns with industrial efforts to minimize environmental impact, emphasizing their role in achieving cleaner air and sustainable manufacturing practices. As industries seek to minimize their carbon footprint and enhance operational efficiency, zeolite adsorbents emerge as crucial components, addressing the evolving demand for purification technologies.
Diverse applications, including water & nuclear waste treatment, gas separation, and VOC removal, characterize the synthetic zeolite Y adsorbent market. Growing health concerns propel the adoption of zeolite adsorbents in industries.
Recognizing the adverse effects of pollutants on human health, companies are prioritizing cleaner processes using zeolites. The adsorbents' versatile applications in water treatment, nuclear waste remediation, and VOC removal align with health-conscious practices, fostering widespread adoption.
Key Takeaways from the Report-
The global synthetic zeolite Y adsorbent market size is projected to thrive at a 4.2% CAGR through 2034.
By product type, the NaY zeolite segment is expected to have a total valuation of USD 893 million by 2034.
By application, the water treatment segment is set to hold a market share of 39.9% in 2024.
North America is expected to account for a significant share of around 25.7% in 2034.
The United States industry value is anticipated to reach USD 316 million by 2034.
China is projected to attain a valuation of US$ 222 million by 2034.
Demand in South Africa is predicted to rise at 6.9% CAGR through 2034.
"Zeolite adsorbents address a spectrum of environmental challenges, from purifying water to treating nuclear waste and capturing VOCs. Their versatile nature positions them as essential tools for industries striving to achieve comprehensive environmental goals, making them beneficial solutions amid increasing environmental regulations and heightened health awareness," says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)
Competitive Landscape
The global synthetic zeolite Y adsorbent market is fragmented, with leading players accounting for significant share in the market. TOSOH Corporation, Clariant AG, Arkema S.A, Ecovyst Inc., W.R. Grace & Co., and Honeywell International Inc. are the leading manufacturers and suppliers of synthetic zeolite Y adsorbents listed in the report.
Key synthetic zeolite Y adsorbent companies are investing in continuous research to produce products and increase production capacity to meet end-user demand. To expand their presence, leading players also tend to implement growth strategies such as collaborations, acquisitions, mergers, and facility expansions.
Recent Developments-
On June 15, 2021, Honeywell collaborated with DRDO and CSIR-IIP in India to provide molecular sieve adsorbents for Medical Oxygen Plants, addressing the pandemic's oxygen demand.
On May 10, 2021, Maruti Suzuki India Limited (MSIL) collaborated with Airox Nigen Equipment and SAM Gas Projects to enhance Oxygen PSA plant production in India.
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More Insights into the Synthetic Zeolite Y Adsorbent Market Report
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global synthetic zeolite Y adsorbent market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034.
To understand the global market potential, growth, and scope, the market is segmented based on product type (NaY zeolite, ultrastable Y (USY) zeolite, REUSY zeolite), process (hydrothermal synthesis, ion exchange method, steam-assisted crystallization), form (powder, granules) application (water treatment, nuclear waste treatment, gas separation and purification, VOC [volatile organic compounds] treatment), and region
Synthetic Zeolite Y Adsorbent Market Segmentation
By Product Type:
NaY Zeolite
Ultrastable Y (USY) Zeolite
REUSY Zeolite
By Process:
Hydrothermal Synthesis
Ion Exchange Method
Steam-assisted Crystallization
By Form:
Powder
Granules
By Application:
Water Treatment
Nuclear Waste Treatment
-
Gas Separation and Purification
Carbon Dioxide (CO2) Separation
Oxygen (O2) Enrichment
Nitrogen (N2) Separation
Xenon Separation
Krypton Separation
Argon Separation
Helium Separation
Natural Gas Treatment
Other Gas Separation (CH4, H2, SO2)
VOC (Volatile Organic Compounds) Treatment
By Region:
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific (excl. China)
China
Middle East and Africa
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing - ‘The Way Forward'.
Author by:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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