DUBLIN, September 13, 2017
DUBLIN, September 13, 2017 /PRNewswire/ --
The "Global Synthetic Zeolite Market 2017-2021" report has been added to Research and Markets' offering.
The global synthetic zeolite market to grow at a CAGR of 4.43% during the period 2017-2021.
Global Synthetic Zeolite Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
One trend in the market is synthetic zeolites produced from organic raw materials. Major vendors have increased their R&D activities due to the consumer preference for organic and sustainable products. Innovation and technological advancement has led to the production of synthetic zeolites from rice husks. Rice husks are rich in silica, examining rice to separate the hull from the grain and burning it, will result in rice husk ash.
According to the report, one driver in the market is increasing demand from catalysts and absorbents. Synthetic zeolites are largely used as a petroleum catalyst in catalytic cracking. They easily break hydrocarbon molecules into essential products such as gasoline, diesel, kerosene, waxes, and other byproducts. Synthetic zeolite's unique structure has millions of pores that trap atoms and molecules during a chemical reaction. Zeolite pores are fixed and work selectively on certain molecules. Thus, synthetic zeolites act as a suitable catalyst and help to generate desired quality products.
Further, the report states that one challenge in the market is increasing price wars. Synthetic zeolites are widely used in many applications as feedstock. The global synthetic zeolite market is fragmented in nature. The manufacturers achieved economies of scale due to which the market is experiencing overcapacity of synthetic zeolites. This led to robust competition among vendors in the market. Minimal product differentiation of synthetic zeolite, varieties of options available in the market with less substitute with same features in the market, and intense competition from small vendors with unbranded products led to price wars among the vendors.
Other prominent vendors
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/dr22dr/global_synthetic
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