Clariant International, one of the notable zeolite 4A market giants, recently made it to the headlines for developing a next generation catalyst for chemical production, which will reduce emission and energy consumption. The deployment of strict rules and regulations in favor of environmental safety have of late, been pressuring the industry giants to manufacture eco-friendly products. Recently, in February 2017, Clariant had signed a collaboration agreement with the Chinese giant, Dongguan Grand Resource Science & Technology, to install a new propane dehydrogenation (PHP) unit in China. This collaboration may have a positive influence on zeolite 4A industry, as Clariant is a major producer of zeolite-based catalysts for PHP on large scale. As per estimates, in 2015, worldwide zeolite 4A market held a revenue of USD 1.2 billion, and may exceed a valuation of USD 2 billion by 2024.
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Zeolite is mainly utilized as an alternative for phosphate, taking into account the hazardous impact of phosphate based products on the environment and human health. Moreover, the enforcement of the European eco-label for detergents and the AISE: Code of Good Environmental Practice will have a considerable impact on the technology and composition of detergents. Zeolite fulfills all the requirements of phosphate in accordance with the modified production technologies and detergent compositions, which has resulted in detergents depicting a massive performance improvement. Consumers lately, have been looking forward to using highly-effective detergents for maximum protection of their laundered items, which will significantly stimulate zeolite 4A market over the years ahead. AS per statistics, zeolite 4A market collected USD 535 million from detergent applications in 2015.
Household equipment manufacturers are increasingly implementing innovative ideas to enhance the energy efficiency quotient of their products such as washing machines. In accordance with this innovation, detergent producers are also involved in research and development activities to come up with newly designed, efficient products. Recently, P&G decided to eliminate phosphate from all its laundry detergents, which will provide a positive impetus to zeolite 4A industry share. BASF, PQ Corporation, Henkel Spic India Limited, Nokan Group, Clariant International, Zeolite and Allied Products Pvt. Ltd., and Tosoh Corporation are some of the prominent players in zeolite 4A market.
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Considering the hazardous impact of chemical components on the environment and human health, various regulatory agencies have taken initiations to promote the usage of bio-based products. The EU has deployed favorable regulatory norms to reduce GHG emissions, which has prompted industry giants to redesign their chemical manufacturing process.
Pertaining to its eco-friendly characteristics, zeolite 4A is gaining popularity among the manufacturers and will be used in the different forms over the years ahead. Various companies are implementing innovative technologies to develop eco-friendly products. As per a recent study, zeolite 4A market is slated to register an annual growth rate of more than 5% over the period of 2016-2024.
Browse key industry insights spread across 150 pages with 109 market data tables & 22 figures & charts from the report, “Zeolite 4A Market Forecast, 2016 – 2024” in detail along with the table of contents:
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