Growing Use of Zeolite as Refrigeration Adsorbent Fuels Market Growth| Technavio

LONDON–(BUSINESS WIRE)–#Metals–The global
zeolite market is expected to grow at a CAGR of more than 8% during
the period 2017-2021, according to a new market research study by Technavio.

The report categorizes the global zeolite market by type (natural and
synthetic) and by end-user (detergent, catalyst, and adsorbent). The
report also determines the geographic breakdown of the market in terms
of detailed analysis and impact, which includes key geographies such as
Europe, APAC, the Americas, and MEA.

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Market driver: increasing use of zeolite as refrigeration adsorbent

In developing countries, the penetration of low-cost refrigeration
methods is quite high. This is because of the requirements of consumers
for the preservation of food products, particularly in rural areas where
conventional refrigeration systems are not affordable. Besides, the
electric power supply is not frequently available in the rural areas.
The refrigeration adsorption system generally requires the use of
zeolite to provide the cooling effect. In the last two to three years,
the adoption of refrigerators using water as refrigerant and zeolite
as an absorber is quite high due to the technological advances.

According to Ajay Adikhari, a lead analyst at Technavio for metals
and minerals research, “The refrigeration adsorption system
has many benefits over the refrigeration absorption system. It can be
operated in a wide range of temperature and causes fewer corrosion
issues than the absorption system. Zeolite granulates are used as a
substitute for other refrigeration adsorbents such as silica gel. This
is due to their non-inflammable, non-poisonous, and naturally-occurring
properties. Therefore, they are environment-friendly. The increasing
demand for zeolites as refrigeration adsorbents will boost the growth in
the global zeolite market during the forecast period.”

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Market trend: increasing use of zeolites as a substitute for sodium
phosphate

The use of sodium tripolyphosphates (STPPs) is decreasing as builders in
laundry detergents, particularly in Europe and North America.
Furthermore, there has been a decrease in the use of phosphates in
developing markets such as India and China, where household detergents
are widely used. Such decline in use can be attributed to their
non-environment-friendly properties that damage water quality by
encouraging excessive plant growth and decay. Substitutes such as
zeolites, citric acid, and sodium carbonate are being increasingly
adopted as builders in detergents. Zeolite-A is ecologically friendly
and is used an alternative to STPP. The penetration of Zeolite-A as a
substitute for sodium tripolyphosphate (STPP) has increased in the
laundry detergent segment. It provides better efficiency as a builder.

Market challenge: high logistics cost

Zeolites
are usually transported in huge volumes. They are transported through
railroads and highways from manufacturers to end users. Since the rail
transportation and highways are the major means of supply, end-user
industries are significantly affected due to high logistics costs. This
has resulted in the demand-supply outages, causing an interruption in
the overall production processes. The fluctuations in fuel prices is a
major factor increasing the transportation costs. The availability of
carriers at the right time is a major challenge faced by the end-users.

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Key vendors in the market

• Arkema
• BASF
• Honeywell International
• Tosoh Corporation
• W. R. Grace

The global zeolite market is extremely competitive with the presence of
large and small players. The dominance of Chinese players is apparent in
the global zeolite market as China accounts for most of the zeolite
production globally. Vendors compete based on factors such as
innovation, price, operational cost, and product quality. Some of the
players can drive down market by lowering the production costs. The
financial soundness and technological abilities of certain major players
would help them to withstand the changing market conditions.

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