COVID-19 Negatively Impacts Global Zeolites Market Growth and Expected Slow Recovery in the Long Run

LOS ANGELES - July 16, 2020 - PRLog -- Industry Experts, Inc. introduced a global market research report on Zeolites. The new report entitled "Global Zeolite Market – Products and Applications" focuses on the market for Zeolites types and the key application sectors. Asia-Pacific is the principal global market for Zeolites, which is also likely to log the fastest 2019-2026 CAGR of 2.4% in reaching a projected US$5.9 billion by 2026.

Zeolites are most widely used in the production of detergents, with other major applications for the materials being building & construction, water and wastewater treatment and oil refining & petrochemicals. Of the two types of zeolites, the demand for the natural variety is marginally larger, though the market for synthetic zeolites is likely to grow at a faster rate.

The market for zeolites has also been negatively impacted by this unforeseen development of COVID-19 and it would be impossible to achieve previously envisaged growth rates over the short term at least. However, over the long term, the market is expected to recover to some extent and finally gain momentum to achieve better growth.

Detergents constitute the principal application for Zeolites, the global demand for which is expected to touch US$3 billion in 2019. Overall market for Zeolites is projected to reach US$11.2 billion in 2020.

The market for Zeolites product types analyzed in this report comprise Natural Zeolites and Synthetic Zeolites. The sub-types of Zeolites studies for their global market includes Natural Zeolites – Clinoptilolite and Others; Synthetic Zeolites – Type A, Type X, Type Y, USY and ZSM-5. Zeolites applications global market explored in this study for Agriculture, Animal Feed, Building & Construction, Detergents, Oil Refining & Petrochemicals, Water & Wastewater Treatment and Others.

This report reviews, analyzes and projects the Zeolites market (https://industry-experts.com/verticals/chemicals-and-mate...) for global and regional markets including North America, Europe, Asia-Pacific, South America and Middle East & Africa in terms of USD. These regional markets further analyzed for 15 independent countries across North America – the United States, Canada and Mexico; Europe – France, Germany, Italy, Russia, Spain and the United Kingdom; Asia-Pacific – China, India, Japan and South Korea; and South America – Argentina and Brazil. The market is analyzed in each region by key country, product type/sub-type and application.

This global market report on Zeolites includes 262 charts (includes a data table and graphical representation for each table), supported with meaningful and easy to understand graphical presentation, of market numbers.

California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
For more details, please visit: https://industry-experts.com/verticals/chemicals-and-materials/zeolites-clinoptilolite-research