The global zeolites market size is estimated to be USD 12.1 billion in 2021 and is projected to reach USD 14.1 billion by 2026, at a CAGR of 3.1% between 2021 and 2026. Rising demand for synthetic zeolites from the detergent industry and high demand for natural zeolites in construction & building materials is aiding to the growth of the zeolites market.
Materials & Chemicals Market Research News
The market size of the mining & metal filtration market is projected to reach USD 888 Million by 2028, at a CAGR of 4.7% from USD 707 Million in 2023. The increasing global demand for metals, coupled with stringent environmental regulations, will contribute to the rapid growth in the demand for mining & metal filtration.
The aluminum casting market size is projected to grow from USD 70.4 billion in 2021 to USD 100.5 billion by 2026, at a CAGR of 7.4%. Growth in the aluminum casting market can primarily be attributed to the growing involvement of aluminum in the transportation sector, industrial sector and building & construction sector. There is a continual demand from the automotive industry as it helps in fuel efficiency improvement and reduces environment degrading events like carbon dioxide emission. These are the key factors driving the demand for aluminum casting during the forecast period.
The global dewatering equipment market size is projected to grow from USD 4.3 billion in 2020 to USD 5.4 billion by 2025, at a CAGR of 4.4% from 2020 to 2025. Rising environmental awareness and stringent regulatory laws regarding sludge disposal are expected to drive the dewatering equipment market.
The lithium metal market is projected to grow from USD 2.5 billion in 2023 to USD 6.4 billion by 2028, at a CAGR of 20.4% from 2023 to 2028. Increasing demand for lithium metal batteries is expected to drive the lithium metal market. Additionally, the increasing usage of lithium metal in making aluminum-lithium alloy which is used for making aircraft and drone structures in the aerospace and defense industry has resulted in a significant increase in the demand for lithium metal across the globe.
The Emission Control catalyst (ECC) market is expected to witness high growth during the forecast period owing to the booming automobile industry and increasing pollution around the globe. ECC are very important among various applications such as mobile, and stationary sources. The ECC market size is estimated at USD 42.9 billion in 2021 and is projected to reach USD 59.8 billion by 2026, at a CAGR of 6.9% during the forecast period. Precious group metals (PGMs) such as platinum, palladium, rhodium, and other metal oxides are used as ECCs to limit emissions from vehicles, industrial processing units, marine, and locomotives. These metals oxidize pollutants and convert them into less harmful emissions such as nitrogen and hydrogen. The demand for precious metal grew over a period because of addition of palladium and platinum to manufacture ECCs.
The global Decanters Centrifuges market is projected to be USD 2.3 billion by 2028 from an estimated USD 1.9 billion in 2023, at a CAGR of 4.8% during the forecast period. The global Decanters Centrifuges market is driven by the expansion of water treatment facilities, as well as the expansion of the food and beverage industry can drive the market for Decanters Centrifuges centrifuges due to increased production volume, quality and safety requirements, extraction and processing of natural ingredients, and demand for pharmaceutical separation.
The global Shape Memory Alloys market size is estimated to be USD 11.0 billion in 2021 and is projected to reach USD 18.8 billion by 2026, at a CAGR of 11.2% between 2021 and 2026. The Shape Memory Alloys market is expected to witness a steady growth forecast period due to growth in the biomedical, aerospace & defense, and automotive industry.
The structural adhesives market is projected to grow from USD 14.0 billion in 2019 to USD 19.4 billion by 2024, at a CAGR of 6.8% between 2019 and 2024.
Regenerated Cellulose Market size is estimated to be USD 18.0 billion in 2022 and is projected to reach USD 27.3 billion by 2027, at a CAGR of 8.7%.
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