Zeolite 4A Market is Anticipated to Grow at an Impressive CAGR
Stratview Research delivers key insights on the global Zeolite 4A Market. According to Stratview Research, the market is segmented By Application (Detergent, Adsorbents, Catalysts, Others), End User (Industrial, Household, Others), and Region.
The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.
Market Insights
The report suggests that the overall Zeolite 4A market is projected to grow from USD 1.5 billion in 2020 to USD 2.0 billion by 2026 at a CAGR of around 4.7% during the forecast period.
Market Segments' Analysis
Based on end-users, the market has been segmented into industrial, household, and others. Among these, the industrial segment accounted for the largest market share in 2020 and is expected to propel market growth at a significant rate during the review period. The market growth can be attributed to increasing demand for zeolites in various industries including petrochemicals, refining, chemical, and construction among others.
The market in the Asia-Pacific region accounted for the largest market share in 2020 and is expected to grow at a healthy CAGR during the review period. The regional market growth can be attributed to expanding growth of petrochemical and refining industries in developing countries, particularly China and India. The market in North America and European regions is expected to be driven by the established presence of the end-use industries.
Key Players
The following are some of the key players in the Zeolite 4A Market:
· BASF SE (Germany)
· Interra Global (US)
· KNT Group (UK)
· Anhui Mingmei MinChem Co., Ltd. (China)
· Dalian Haixin Chemical Industrial (China)
· SILKEM d.o.o. (Slovenia)
· Anten Chemical Co.,Ltd (China)
· Dinesh Chandra Enterprises Pvt Ltd (India)
· National Aluminium Company Limited (India)
· Zeolites And Allied Products Private Limited (India)
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