Specialty Zeolites Market
currently the leading factor contributing to the increasing revenue stream of the global specialty zeolites market . This is especially visible across Latin America and Asia Pacific , two regions that are scaling up their infrastructures in healthcare , industries , businesses , and residential areas ,” states a TMR analyst . Urbanization is a key proponent of the construction industry and consequently , the global specialty zeolites market . This can be seen across the swiftly growing urban areas in China , India , and Brazil .
Another factor promoting the global specialty zeolites market at the moment is the growing demand for them from the global paints and coatings industry , which is again , directly driven by the construction industry . The demand for specialty zeolites takes a positive turn due to the increasingly stringent regulations regarding the use of volatile organic compounds . A similar hike in demand for specialty zeolites can be seen in the plastics industry .
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High Costs of Specialty Zeolites to Prevent Faster Market Growth
One of the key factors hindering a more favorable growth rate for the global specialty zeolites market is the high product costs . Specialty zeolites are known to be much more expensive than basic synthetic zeolites or even natural zeolites , due to the increased complexity of manufacturing . At the same time , the global specialty zeolites market is being restricted by the increasing availability of substitutes , especially silica gels and activated carbon . Both substitutes are finding a greater range of use in the paints and coatings industry , jeopardizing the overall demand for specialty zeolites in it .
“ Currently , the larger players in the global specialty zeolites market are creating greater opportunities for themselves through the upkeep of loyalty with existing clients . This allows them to harness the generation of goodwill between enterprises while successfully expanding their overall client pool . Several players are also making the most out of opportunities through enhanced product development programs and the diversification of application of specialty zeolites ,” adds the analyst .
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