SAN FRANCISCO, November 3, 2015 /PRNewswire/ --
The global zeolite market is expected to reach USD 33.80 billion by 2022, according to a new report by Grand View Research, Inc. Increasing refinery output at a global level is expected to be a primary factor for product growth over the forecast period.
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Rising need for non-toxic and hydrophilic adsorbents for waste water treatment and water purification is expected to propel product demand. Furthermore, increasing consumption for gas separation is expected to fuel growth over the forecast period.
Browse full research report with TOC on "Zeolite Market Analysis By Product (Natural Synthetic), Application (Catalysts, Adsorbents, Detergent Builders) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/zeolites-market
Abundant availability of raw materials is expected to be a key driver for zeolite market growth. The raw materials are also used in a host of other applications including paper, electronics, fabrication, and ceramics. This may result in hampering raw material supply forzeolite manufacturing owing to the expansion of the aforementioned industries.
Growing demand for petroleum and petrochemical is expected to result in increased use of catalysts as an important compound required in synthesis. Thus, expansion of the oil & gas sector is expected to result in high catalyst demandwhich in turn will have a positive impact on the market over the forecast period.
Further key findings from the report suggest:
Grand View Research has segmented the global zeolite market on the basis of product, application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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