ACCESS Newswire
01 Jul 2020, 18:49 GMT+10
Zeolites producers are investing extensively in bolstering manufacturing capacities in untapped markets to sustain growth through and after the end of the coronavirus pandemic.
ROCKVILLE, MD / ACCESSWIRE / July 1, 2020 / The coronavirus outbreak has impacted the worldwide demand for zeolites products. Lockdown orders and the consequent disruptions to supply chains will result in a slump within the zeolite market. Impacted end user verticals such as petroleum, detergent, and construction industries will hamper market growth in the near future.
The zeolites market is expected to expand at an sluggish 3% CAGR through the forecast period (2020-2030). However, research into the antiviral properties of zeolites is generating opportunities for new revenue streams in coronavirus prevention and treatment procedures. The zeolites market will witness strong resurgence after the pandemic owing to extensive industrial applications.
'The growing use of zeolites in the role of adsorbents in refrigeration setups is on the rise owing to easy availability and non-hazardous nature. Such industrial applications are gaining popularity driven by low thermal power requirements. Further, these systems do not emit CFCs aiding sustainability initiatives. These trends will support the zeolite market once the outbreak is under control,' says the Fact.MR report.
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Zeolites Market- Key Takeaways
Zeolites Market- Key Driving Factors
Zeolites Market- Key Restraints
COVID-19 Impact on Zeolites Market
Supply chain disruptions and the temporary suspension of activities in a number of end use verticals during the covid-19 pandemic are adversely affecting the global zeolites market. On the other hand, growth in e-commerce channels of distribution aid in partially mitigating losses during this crisis period.
Further, the anti-microbial properties of zeolites, combines with demand for detergent products create novel, lucrative market opportunities. In addition, researchers have found potential drug delivery capabilities in zeolites for varied therapeutic agents, nutrients, and drugs, which will help in sustaining market growth throughout the pandemic.
Explore the global zeolites market with 80 figures, 102 data tables, along with the table of contents of the report. You can also find detailed segmentation on
https://www.factmr.com/report/3817/zeolites-market
Competitive Landscape
Manufacturers are investing in strategic collaborations capacity expansions to bolster market position and to keep up with rising demand, particularly in Asia Pacific and Europe. In addition, investments into research for zeolite applications. For instance, Australia based Metalsearch has started the international patent process for zeolite production technologies.
Zeolyst International,Lenntech BV, Zeochem Ltd., Albemarle Corporation, Teague Mineral Products, W.R. Grace & Co-Conn, NanoScape AG, Bear River Zeolite, Silkem Proizvodnja Zeolitov, Gruppo Apostolico Tanagro, Clariant, Anten Chemical Co. Ltd., Gordes Zeolite, IDA-ORE, and Mining LLC, are some of the leading zeolites producers in the global market.
About the Report
This study offers the market forecast of the zeolites market. Global, regional and country-level analysis of the industry trends affecting the zeolites market is covered in this FACT.MR study. The report offers insights on the basis of type (natural and synthetic), and end use (building & construction, water treatment, animal nutrition, odor control & desiccant, detergents, agriculture, and others) across six regions (North America, Latin America, Europe, South Asia & Oceania, East Asia, and MEA).
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About Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the veteran research team at FACT.MR helps clients from across the globe with their unique business intelligence requirements. With a repository of over a thousand reports and 1 million+ data points, the team has scrutinized the chemicals & materials sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
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SOURCE: Fact.MR
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