COVID-19 Negatively Impacts Global Zeolites Market Growth and Expected Slow Recovery in the Long Run
Industry Experts, Inc. introduced a global market research report on Zeolites. The new report entitled " Global Zeolite Market – Products and Applications " focuses on the market for Zeolites types and the key application sectors. Asia-Pacific is the principal global market for Zeolites, which is also likely to log the fastest 2019-2026 CAGR of 2.4% in reaching a projected US$5.9 billion by 2026. Zeolites are most widely used in the production of detergents, with other major applications for the materials being building & construction, water and wastewater treatment and oil refining & petrochemicals. Of the two types of zeolites, the demand for the natural variety is marginally larger, though the market for synthetic zeolites is likely to grow at a faster rate. The market for zeolites has also been negatively impacted by this unforeseen development of COVID-19 and it would be impossible to achieve previously envisaged growth rates over the short term at least. How...