Lucintel Forecasts Zeolite Catalyst Market to Reach $19.0 Billion by 2028

0
2K

According to the recent study the zeolite catalyst market is projected to reach an estimated $19.0 billion by 2028 from $14.2 billion in 2023, at a CAGR of 6% from 2023 to 2028. Growth in this market is primarily driven by growing investments in expanding petrochemical production and increasing usage of these catalysts in the fluid catalytic cracking and hydrocracking applications.

A more than 150 – page report is developed to understand trends, opportunities and forecast in zeolite catalyst market by product type (natural and synthetic), application (petroleum, petrochemical, and others), framework (linde type, faujasite, and MFI), and region (North America, Europe, Asia Pacific, and the Rest of the World).

“Synthetic market is expected to remain the largest segment during the forecast period.”

Based on product type, the zeolite catalyst market is segmented into natural and synthetic. Lucintel forecasts that the synthetic market is expected to remain the largest segment as it can be precisely engineered with specific pore sizes and ion exchange capabilities so as to meet the specific requirement of various industrial applications.

“Within the zeolite catalyst market, the petroleum segment is expected to remain the largest application”

Based on application the petroleum segment is expected to witness the highest growth over the forecast period due to the growing demand of catalysts in manufacturing of fuel and other petroleum products.

“Asia pacific will dominate the zeolite catalyst market in near future”

APAC will remain the largest region due to significantly growing chemical, petrochemical, and automotive industries in the region.

Major players of zeolite catalyst market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Evonik Industries AG, Albemarle Corporation, BASF SE, Honeywell International, Clariant, W.R. Grace & Co, Zeochem AG, and Arkema are among the major zeolite catalyst providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com

Search
Sponsored
Sponsored
Search Hotels
Categories
Read More
Other
Best Property Lawyer in Lahore
Property dealings in Lahore can be complex, given the intricate laws and regulations that govern...
By burhanlaw224 2025-01-10 11:17:55 0 116
Health
Purple Burn Pro Reviews 2025: Price, Results & Where to Buy in USA, CA, UK, IE, AU, NZ
Imagine stepping into a new chapter of your life—lighter, healthier, and brimming with...
By prostate59 2025-04-19 10:51:35 0 30
Other
Optical Transmission And Component Market Reaching Nearly USD 31.5 Billion By 2032
As per the current market research conducted by the CMI Team, the global Optical...
By trishajadhav 2024-06-13 13:37:26 0 384
Other
Drag Reducing Agents Market CAGR of 4.7% during the forecast period of 2024 to 2031.
The Drag Reducing Agents Market sector is undergoing rapid transformation, with...
By aesgfdvd 2024-11-21 06:36:59 0 96
Other
With the Peak Performance Bundle—which includes Red Light Therapy, PEMF Frequency, and Breakthrough Regeneration—unlock your potential.
The Peak Performance Bundle is a ground-breaking answer to the quest for peak performance...
By PeakPerformanceBundle 2024-08-28 12:13:05 0 201