Zeolite Market Report 2024

This Zeolite market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The zeolite market size has grown strongly in recent years. It will grow from $17.96 billion in 2023 to $18.91 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The increase during the historical period can be linked to the rising demand for environmentally friendly materials, expansion in the agricultural sector, growth within the global pet industry, heightened emphasis on sustainable agricultural practices, and growing awareness of the health advantages of zeolite.

The zeolite market size is expected to see strong growth in the next few years. It will grow to $23.32 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The projected growth for the forecast period is driven by higher investments in the expansion of petrochemical production, increased demand for phosphate-free detergents, a rise in public infrastructure projects, greater use of zeolite as refrigeration adsorbents, and an escalating need within the water treatment sector. Key trends in the forecast period encompass technological innovations, the use of natural deodorizing agents, the application of zeolite in food packaging, development of advanced zeolite-based adsorbents, and the implementation of zeolite-based membranes.

The expanding construction industry is projected to drive the growth of the zeolite market in the coming years. Construction encompasses the process of building or assembling various types of infrastructure and buildings, including residential, commercial, and industrial projects. This industry is experiencing growth due to increasing urbanization, heightened demand for housing and infrastructure, and government investments in development initiatives. Zeolite is essential in construction for its lightweight properties, ability to enhance concrete strength, durability, and thermal insulation, making it an effective mineral additive in building materials. For example, a report from the U.S. Census Bureau in September 2024 estimated construction spending at a seasonally adjusted annual rate of $2.16 trillion in July 2024, representing a 6.7% increase (±1.8%) compared to $2.02 trillion in July 2023. Total construction spending for the first seven months of this year reached $1.23 trillion, up 8.8% (±1.2%) from $1.13 trillion during the same period in 2023. Consequently, the growth of the construction industry is fueling the expansion of the zeolite market.

Key companies in the zeolite market are focusing on establishing production facilities to manufacture nutrient-infused zeolite. A production facility refers to a site where goods are manufactured in large volumes. For instance, in March 2023, International Zeolite Corp., a Canadian company that develops and distributes natural zeolite and zeolite-infused products, launched its first production plant in Jordan, Ontario. This facility marks a significant milestone in the company’s development and is capable of producing nutrient-infused zeolite using its NEREA technology, which aims to enhance agricultural practices by increasing crop size and yield while minimizing waste from traditional fertilizers. Future expansions of the plant will enable daily production of up to 25,000 kilograms of agricultural nutrient growth system products.

In November 2022, International Zeolite Corp. partnered with CoTec Holdings Corp. to accelerate the commercialization of its innovative NEREA(R) fertilizer technology. CoTec’s $2 million investment will support the construction of International Zeolite’s first NEREA production facility in Ontario, Canada, expected to be completed by March 2023. Beyond financial support, CoTec’s management team will apply their global expertise in green technologies to assist International Zeolite’s growth and market strategy. CoTec Holdings Corp. is a Canadian mineral extraction company.

Major companies operating in the zeolite market are BASF SE, Honeywell International Inc., Arkema Group, Tosoh Corporation, Clariant AG, W.R. Grace & Co., Zeochem AG, Zeolyst International, Gordes Zeolite, St. Cloud Mining Company, Zeolite Australia Pty Ltd., KNT Group, Blue Pacific Minerals Ltd, Zeotech Corporation, Ningbo Jiahe New Materials Technology Co. Ltd., Zeo Inc., International Zeolite Corp., Bear River Zeolite Co. Inc., Ida-Ore Zeolite, Teague Mineral Products, Rota Mining Corporation, KMI Zeolite, Shijiazhuang Jianda High-Tech Chemical Co. Ltd.

Asia-Pacific was the largest region in the zeolite market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the zeolite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the zeolite market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Zeolite refers to a category of naturally occurring and synthetic microporous aluminosilicate minerals known for their distinctive crystalline structure. This structure features a three-dimensional lattice composed of silicon, aluminum, and oxygen atoms, creating numerous interconnected cavities and channels. Their unique properties, including selective adsorption, ion-exchange capability, and catalytic activity, make them essential for solving both everyday and complex technological issues.

Zeolites can be categorized into two main types natural and synthetic. Natural zeolites are formed from volcanic ash and alkaline water over periods ranging from thousands to millions of years. They are utilized in various applications such as gas separation, odor control, ion exchange, catalysis, adsorption, oil refining, detergents, artificial grass, and animal feed. Different end-use industries, including water treatment, agriculture, petrochemicals, waste management, air purification, construction, nuclear facilities, healthcare, and cleaning products for homes and industries, apply these zeolites.

The zeolite market research report is one of a series of new reports that provides zeolite market statistics, including zeolite industry global market size, regional shares, competitors with a zeolite market share, detailed zeolite market segments, market trends and opportunities, and any further data you may need to thrive in the zeolite industry. This zeolite market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The zeolite market consists of sales of zeolite powder, pellets, granules, cleaning agents and related products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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