The petroleum industry has transcended as an important consumer of zeolites in recent times. Commercial applications of zeolite have played an integral part in driving sales across the global zeolite market. Availability of high-quality zeolite sieves has helped in attracting increased revenues within the global market. Study of hydrocarbons and aluminosilicate minerals is an important factor responsible for the growth of the global zeolite market. Several reactions and processes can be catalysed with the help of zeolites. This factor, in conjunction with the availability of zeolites across key industries, has aided market growth.
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In this blog, TMR Research unshackles several factors and trends that have aided the growth of the global zeolites market.
Growth of Petrochemical Industry
The petrochemical industry is an important consumer of zeolites, and this is an important consideration from the perspective of market growth. Hydrocracking reactions performed in this industry necessitate the use of zeolites, creating room for market growth and maturity. Catalytic cracking and nuclear-waste reprocessing are amongst other important applications of zeolites in recent times. The use of zeolites across power plants and other power generation facilities shall also drive sales across the global market. Henceforth, the total volume of revenues within the global zeolites market is set to multiply in the coming years.
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Commercial and Domestic Use of Zeolites to Aid Market Growth
The presence of a seamless industry for solar thermal collection has given an impetus to market growth and maturity. Moreover, importance of adsorption refrigeration is an important factor responsible for the growth of the global zeolites market. Laundry detergents manufactured from zeolites have attracted humongous demand in recent times. Cat litter made from diatomite and zeolites has also attracted humongous revenues in recent times. In this scenario, it is safe to predict that the global zeolites market would continue to grow at a sound pace in the times to follow.