Asia Pacific is expected to dominate the natural zeolites market due to increasing construction industry in the region

 

Natural Zeolites Market

The Asia Pacific is estimated to gain significant growth over the forecast period and this is attributed to the high demand for natural zeolites from the construction industry due to increasing construction activities in the region. According to the India Brand Equity Foundation, The infrastructure sector has become the biggest focus area for the Government of India. India plans to spend US$ 1.4 trillion on infrastructure during 2019-23 to have a sustainable development of the country. Recently, India and Japan have entered into a partnership for infrastructure development in India's Northeast states and are also setting up an India-Japan Coordination Forum for Development of Northeast to undertake strategic infrastructure projects for the region.

Natural zeolites are the original version of this miracle mineral that was used by our ancestors for thousands of years. Back then, people believed that stones with this property could improve memory, curing any form of the disease, and even bring about an increase in longevity. Over the years, researchers have come to recognize that the real properties of zeolites are more than just anti-aging compounds. Now they are widely used in the construction, wastewater treatment, improving soil fertility, and many more applications. They are also used in the animal feed industry in producing feeds for pets.

Rising demand for lightweight concrete in the construction industry is a key factor facilitating the growth of the natural zeolites market. Natural zeolites are used as a lightweight concrete as it offers less thermal expansion, enhanced fire resistance, and better sound absorption properties. Emerging water treatment applications and soil amendment are again positively shaping the growth of the natural zeolites market. Natural zeolites stop the nitrification of ammonium to nitrate which reduced the nitrate leaching and also promotes the growth of the plant by enriching the soil. Moreover, natural zeolites exhibit ion-exchange property which enables absorption of heavy metals during wastewater treatment. This is the best option for the water purification and separation process in the water treatment plant. In 2017, 8 companies in the United States operated 11 zeolite mines and produced an estimated 79,000 tons of natural zeolites, an 8% increase from that of 2016.

Key Developments:

1.      In March 2021, Cerberus Capital Management, L.P. and Koch Minerals & Trading, LLC (“Koch”) announced a partnership to acquire the PQ Performance Chemicals business of PQ Group Holdings Inc. for around $1.1 billion. PQ Performance Chemicals is a leading global producer of sodium silicates, specialty silicas, and zeolites.


Location: India

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