Specialty Zeolites Market
REPORT DESCRIPTION
Specialty Zeolites Market( End Users- Plastics, Paints and Coatings, Construction Materials, and Personal Care)- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016- 2024
A large number of players are currently operational in the global specialty zeolites market. For 2015, the leaders in this market were BASF SE, Arkema Group, Tosoh Corporation, and W. R. Grace & Co., held a collective share of 34.7 % in its overall value. The overall player spread-out is wide and diverse with a large number of enterprises present in all sizes. The leaders of the global specialty zeolites market are largely concerned with the applications of technological innovations that will give way to reducing processing costs and introduce high-quality products on a commercial level.
According to a research publication by Transparency Market Research, the global specialty zeolites market is expected to hold a strong degree of competition among key players. The majority of the players in the market depend on goodwill and the formation of long-terms contracts for sustainable business. Although the cost of raw materials is largely classified as volatile, the global specialty zeolites market is relatively easy for new entrants to consider due to the easy availability of the raw materials. However, the market is likely to consistently face high levels of challenges from substitutes such as activated carbon and silica gel.
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By 2024, the global specialty zeolites market is expected to reach US $ 53.4 mn in terms of sales. Its sales figure is projected at a CAGR of 3.2 % within a forecast period from 2016 to 2024, and was calculated to reach 41.3 mn at the end of 2016.
Construction Industry Ups Demand for Specialty Zeolites
“ Specialty zeolites have consistently found a solid scope of demand from the construction industry. The surge in construction activities in construction across the world and across different sectors is
Transparency Market Research
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