Structure Directing Agents Market Trends

Growth Drivers

• Expanding Construction Sector- Because it enhances the mechanical strength and durability of cement & concrete composites, natural zeolite is widely utilized in the manufacturing of construction materials, including cement and concrete. It is extensively utilized in the production of lightweight concrete. It inhibits the creation of cracks and strengthens the concrete harness over time. Additionally, the building industry prefers this low-cost, environmentally friendly alternative, which is fuelling structure directing agents market expansion. By 2030, the size of the world construction market is expected to exceed USD 8 trillion. The construction sector is being driven by increasing government investment in new projects, rapid industrialization, and high infrastructure spending.
• Increasing Utilization of Zeolites- An important factor propelling the SDA market's expansion is the growing need for zeolites in a range of applications, such as separation, adsorption, and catalysis. An additional reason anticipated to propel the SDA market's expansion is the growing emphasis on sustainability and green chemistry practices. This is anticipated to fuel market innovation and product development by increasing demand for structure-directing agents that are more sustainable and kinder to the environment. Europe has invested USD 75.66 billion in resources necessary to deliver environmental protection (EP) services.
• Development of New and Advanced Techniques- The structure directing agents market is anticipated to gain from the creation of novel and cutting-edge synthesis methods that raise the manufacture of zeolite's efficiency and selectivity. The need for structure-directing agents that may be applied to these sophisticated processes is anticipated to rise as a result. R&D expenditures worldwide have risen to a record high of about USD 1.7 trillion. Approximately 10 nations make up 80% of the spending. Countries have committed to significantly raising public and corporate R&D spending as well as the number of researchers by 2030 as part of the Sustainable Development Goals (SDGs).

Challenges

• A Complete Lockdown Caused Supply Chain Disruption That Affected the Manufacturing Sector During COVID-19 - To maintain growth and development throughout the COVID-19 pandemic, the majority of enterprises have made significant investments in maintaining their manufacturing facilities in the available markets. Global product demand was impacted by the pandemic. The ensuing lockdown orders and disruptions to the supply chain caused the market to decline. During the projected period, end-use industry verticals like detergent, petroleum, and construction will impede structure directing agents market expansion. The state-wide lockdown caused a severe labour shortage in the detergent industry, which had an effect on overall production capacity. Additionally, because of the epidemic, people are now buying laundry items online out of concern that they might get the illness from physical stores.
• Risk of Substitution as a Catalyst Could Limit Product Adoption in a Range of Uses.
• Limited availability of specific agents may impede the growth of the market.