The global natural zeolites market size is expected to reach USD 8.01 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 2.7% over the forecast period. Increasing investments in development of new infrastructure in the global construction industry are expected to propel the product demand. The usage of natural zeolites is prominent in construction materials owing to their hygroscopic qualities and the ability to balance pH. Natural zeolites are pozzolanic materials, which are used to enhance strength of the structure.
The
construction industry is witnessing considerable growth not only in emerging
economies but also in developed countries such as the U.S. In 2017,
construction spending in U.S. was 4.5% higher than in 2016. The growth of
global construction industry has led to the increased use of cement. Cement
manufacturing is a major contributor to greenhouse gas emissions, and thus,
natural zeolites are used in construction materials as a partial replacement
for cement.
Soil
remediation and water treatment applications are expected to augment growth of
the natural zeolites market. Soil contamination is a major concern in the
European and Asian countries. According to the European Environment Agency,
Europe had approximately 2.5 million potentially contaminated land sites in
2014. Similarly, almost one-fifth of the land in China is rich in cadmium. In
2013, it was reported that rice grown in Hunan province of China was
contaminated with cadmium. Also, 44% of rice samples were found to be
contaminated with cadmium in Guangzhou. Owing to the increasing soil
contamination, materials such as natural zeolites, are being used in soil
amendment applications to improve the overall health and quality of soil and
the crops.
China
has been a major producer and consumer of natural zeolites on a global scale
since many years. Their usage is prominent in China owing to an increase in the
demand for construction materials and the requirement for soil amendment
products. China is the largest cement producer in the world and has been
witnessing high use of natural zeolites such as Pozzolan cement.
The
growth of the natural zeolites market is affected by presence of substitutes.
Both minerals and non-minerals are a threat to the market in major applications
including construction materials, water treatment, and soil amendment. For
example, activated carbon in water treatment and bentonite clay in soil
amendment can hinder demand. Major players in the global market are increasing
their production capacities by establishing new plants; joint ventures; and
through acquisitions to increase their customer reach in the international
markets.
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Natural Zeolites
Market Report Highlights
- Construction
materials is anticipated to remain the largest segment throughout the
forecast period, in terms of revenue, on account of benefits such as
improved strength and durability of structures obtained due to the use of
natural zeolites
- The soil remediation
segment is anticipated to expand at a CAGR of 3.4% in terms of value over
the forecast period due to increasing land contamination
- In terms of
volume, animal feed accounted for a share of 14.3% in 2017, owing to the
increasing animal feed production in North America and South America
- Asia Pacific
is anticipated to be the leading region in the market throughout the
forecast horizon, owing to rapid infrastructural developments
- Some of the
key companies operating in the natural zeolites market are KMI Zeolite,
Zeocem a.s., United States Antimony Corporation, and Zeotech Corporation.
They are attempting to increase their consumer base, for instance, in
December 2017, Canadian Zeolite Corp. acquired Earth Innovations Inc.,
which has an established distribution network in Canada.
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Natural Zeolites
Market Segmentation
Grand View Research has
segmented the global natural zeolites market on the basis of application and
region:
Natural Zeolites
Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- Construction Materials
- Animal Feed
- Soil Remediation
- Others
Natural Zeolites
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- Japan
- Central & South America
- Brazil
- Middle East & Africa
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.
For more info visit @ https://www.grandviewresearch.com
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