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Zeolite Molecular Sieve Market Share, Share,Trend,Growth, Segmentation, Outlook and Forecasts to 2024 | Hexa Research
“The global zeolite molecular sieve market is expected to surpass USD 35 billion by 2024.�
26 March 2019 The global zeolite molecular sieve market is expected to surpass USD 35 billion by 2024. This can be attributed to the increasing hygiene awareness, rising demands for detergents, and growing refining output. In addition, the rising needs for natural products in pet litters, concrete, and agriculture industries are also anticipated to spur the market growth over the forecast period (from 2016 to 2024). Furthermore, increased consumer disposable income levels coupled with the increasing focus on environmental safety are also anticipated to augment the global market growth. The global market is divided into products, applications, and regions. The product sector comprises natural and synthetic zeolites. The natural zeolite sector led the global market in 2015. The growing demands from water treatment, pet litter, and concrete applications and the availability of reserves globally are anticipated to boost the market growth in the near future. Moreover, rising demands from Brazil, India, and China are also likely to have a positive impact on the market. Synthetic zeolites are expected to grow at a CAGR of 3 % from 2016 to 2024 due to rising needs from the detergent industry. Plus, they are extensively utilized in gas & oil industry which is projected to positively impact the market growth.
Browse Details of Report @ https://www.hexaresearch.com/research-report/zeolite-molecular-sieve-market The application sector of the global zeolite molecular sieve market includes detergent builders, catalysts, and adsorbents. The detergent builders sector was the leading application sector in 2015 due to their wide usage as binders in detergents. Rising detergent demands due to growing awareness about hygiene are said to spur the market growth.
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