Increasing Use of Zeolite as Refrigeration Adsorbents to Create Opportunities for the Global Zeolite Market Through 2020, Rep...
July 26 2016 - 3:40PM
Business Wire
Technavio analysts forecast the global zeolite
market to grow at a CAGR of close to 8% during the forecast
period, according to their latest report.
The research study covers the present scenario and growth
prospects of the global zeolite market for 2016-2020. The
report also segments the zeolite market by type into main
categories which are natural and synthetic, of which natural
zeolite accounted for 62% of the market in 2015.
Technavio chemicals and materials analysts highlight the
following three factors that are contributing to the growth of the
global zeolite market:
- Increasing use of zeolite as
refrigeration adsorbents
- Growth in refinery industry
- Rising demand for zeolites as builders
in laundry detergents
Increasing use of zeolite as refrigeration adsorbents
Refrigeration adsorption systems generally use zeolite to
provide cooling. Adsorption refrigerators that use water as
refrigerant and zeolite as an adsorber have been advancing since
2013. Awareness about refrigeration for food preservation is
increasing in developing countries. The acceptance of zeolite-based
adsorption refrigeration systems is increasing significantly,
particularly in rural areas that are prone to frequent power
outages, and where conventional refrigeration systems are not
affordable. These systems can operate over a wide range of
temperatures and do not corrode the cooling equipment, thus proving
efficient. Further, the mineral is non-flammable, non-poisonous,
and available naturally.
“Adsorption refrigeration systems are becoming popular because
they can be stimulated by low thermal energy and employ
refrigerants that do not emit chlorofluorocarbons, a prime cause of
ozone layer depletion and global warming,” says Chandrakumar Badala
Jaganathan, a lead analyst at Technavio for metals and
minerals research.
Growth in refinery industry
Oil is the primary source of energy currently, and it will be so
during the succeeding decades as potential alternatives to crude
oil are still being studied. The widespread acceptance of oils as
energy sources can be attributed to the R&D programs that have
advanced the oil refining and petrochemistry significantly.
Zeolites are used as catalysts in oil refining due to their
extraordinary efficiency of oil refining, cheaper cost, and ease of
customization for specialized applications. Zeolite catalysts have
been the basis for increasing the yield of gasoline and octane.
These catalysts also aid in the production of cleaner fuels and
lubricants with improved performance properties. Zeolite Y has
remained a major component in chemical processes like FCC since the
1970s as it provides greater gasoline yield with the greatest
degree of catalytic stability. Chemical processes such as fuel
conditioning (employed in fuel management and purification) also
require zeolites.
Rising demand for zeolites as builders in laundry
detergents
The ban on sodium triphosphate as a building agent for laundry
detergent has paved the way for the establishment of non-toxic and
eco-friendly alternatives as potential substitutes. Zeolites are
among the prime category of products that can be preferred as
builders in the production of laundry detergents.
Superior product stability, irrespective of the specific process
employed (extrusion, spray drying, and granulation), inertness when
exposed to higher temperatures, and alkalinity or mechanical
effects are a few noteworthy advantages of zeolites over
conventional builders.
Further, zeolites have not been reported to cause decomposition
or chemical change when treated with different layered silicates or
sodium triphosphate during the production process. This makes
zeolites predominantly flexible materials for producing laundry
detergents. “Therefore, the majority of the demand for zeolite is
generated from detergents because of its water-softening features
and ionizing properties,” says Chandrakumar.
Browse Related Reports:
- Global Graphite Electrodes Market
2016-2020
- Aluminium Manufacturing Market in
Bulgaria 2016-2020
- Global Stainless Steel Market
2016-2020
Do you need a report on a market in a specific geographical
cluster or country but can’t find what you’re looking for? Don’t
worry, Technavio also takes client requests. Please contact
enquiry@technavio.com with your requirements and our
analysts will be happy to create a customized report just for
you.
About Technavio
Technavio is a leading global technology research and
advisory company. The company develops over 2000 pieces of research
every year, covering more than 500 technologies across 80
countries. Technavio has about 300 analysts globally who specialize
in customized consulting and business research assignments across
the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of
bottom-up and top-down approaches, besides using in-house market
modeling tools and proprietary databases. They corroborate this
data with the data obtained from various market participants and
stakeholders across the value chain, including vendors, service
providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our
media team at media@technavio.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160726005100/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 630 333 9501UK: +44 208 123 1770www.technavio.com