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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