Zeolite Market by End-user, Type, and Geography - Forecast and Analysis 2022-2026

Published: Sep 2022

Pages: 152

SKU: IRTNTR45649

Snapshot

The zeolite market share is expected to increase by USD 3.94 billion from 2022 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.2%.

This zeolite market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers zeolite market segmentation by end-user (detergent, catalyst, adsorbent, and others), type (natural and synthetic), and geography (Europe, APAC, North America, Middle East and Africa, and South America). The zeolite market report also offers information on several market vendors, including Anten Chemical Co. Ltd., Arkema S.A., BASF SE, Clariant AG, CWK Chemiewerk Bad Kostritz GmbH, Hengye Inc., Honeywell International Inc., International Zeolite Corp., Interra Global, KMI Zeolite Inc., KNT Group, Lenntech BV, St. Cloud Mining, Tosoh Corp, United States Antimony Corp., W. R. Grace and Co., ZEOCEM AS, Zeochem AG, Zeolyst International, and Blue Pacific Minerals Ltd among others.

What will the Zeolite Market Size be During the Forecast Period?

Download Report Sample to Unlock the Zeolite Market Size for the Forecast Period and Other Important Statistics

Zeolite Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the zeolite market.

Key Zeolite Market Driver

The increasing use of zeolite as a refrigeration adsorbent is one of the key factors driving the global zeolite market growth. In developing countries, the penetration of low-cost refrigeration methods is quite high. This is owing to the need of consumers to preserve food products, particularly in rural areas where conventional refrigeration systems are not affordable. Moreover, the power supply is not frequently available in rural areas. The refrigeration adsorption system generally requires the use of zeolite to provide a cooling effect. In the last 2-3 years, owing to technological advances, the adoption of refrigerators using water as refrigerant and zeolite as an adsorbent has been quite high. These systems have become popular as they can be stimulated by low-grade thermal energy. Owing to the use of zeolite as a refrigerant, these systems do not cause depletion of the ozone layer and, thus, are not responsible for global warming. The refrigeration adsorption system has several benefits over the refrigeration absorption system, such as that it can be operated in a wide range of temperatures and involves fewer corrosion issues than the absorption system. The increasing demand for zeolite as refrigeration adsorbents will boost the growth in the global zeolite market during the forecast period

Key Zeolite Market Trend

Increasing the use of zeolites as a substitute for sodium phosphate will fuel the global zeolite market growth. The use of sodium tripolyphosphates (STPP) is decreasing as builders in laundry detergents, especially in Europe and North America. Also, the use of phosphates has also declined in developing markets, including India and China, where household detergents are extensively used. Such a decline in use can be attributed to their non-environment-friendly properties that damage water quality by encouraging excessive plant growth and decay. Substitutes such as zeolites, citric acid, and sodium carbonate are increasingly adopted as builders in detergents. Zeolite-A is ecologically friendly and is used as an alternative to STPP. The penetration of Zeolite-A as a substitute to STPP has increased in the laundry detergent segment as it provides better efficiency as a builder. Because of the electrostatic effect, it improves the performance of the detergent and helps in dirt removal. It also supports outstanding results in attaining a superior and economical wash. The increasing use of zeolites in the segment will positively impact the growth of the global zeolite market during the forecast period.

Key Zeolite Market Challenge

High logistics costs are the major challenges to the global zeolite market growth. Zeolites are usually transported in huge volumes. They are transported via railroad and highways from manufacturers to end-users. Since rail transportation and highways are the major means of supply, end-user industries are significantly affected due to high logistics costs. This, in turn, results in a demand-supply imbalance and causes disruptions to the overall production processes. The fluctuations in fuel prices are a major factor in the rise in transportation costs. The availability of carriers at the right time is a major challenge faced by end-users. The constraints pertaining to the transportation of zeolites are expected to impede the growth of the global zeolite market during the forecast period.

This zeolite market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global zeolite market as a part of the global diversified metals and mining market within the global materials market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the zeolite market during the forecast period.

Who are the Major Zeolite Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

This statistical study of the zeolite market encompasses successful business strategies deployed by the key vendors. The zeolite market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

antenchem.com - The company offers zeolite detergent grades, namely Advan Zeolites Laundry Powder.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The zeolite market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Zeolite Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the zeolite market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

The value chain of the global materials market includes the following core components:

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Zeolite Market?

For more insights on the market share of various regions Request PDF Sample now!

37% of the market’s growth will originate from Europe during the forecast period. Germany and France are the key markets for the zeolite market in Europe. Market growth in this region will be slower than the growth of the market in other regions.

The increasing use of zeolite as a refrigeration adsorbent will facilitate the zeolite market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

The zeolite market in Europe witnessed certain challenges due to the outbreak of COVID-19 in 2020. Russia, the UK, Spain, Italy, France, and Germany were some of the countries in the region most affected by the pandemic. To control the spread of the pandemic and due to a decline in demand for power, some nuclear waste sites announced a temporary shutdown of their operations. However, the initiation of vaccination drives and the easing of lockdown restrictions led to the recovery of the zeolite market in 2021. Also, the resumption of activities of oil and gas operations and wastewater treatment projects, the increasing demand for zeolite from different end-user industries, and the recovering construction industry are expected to boost the demand for zeolite during the forecast period.

What are the Revenue-generating End-User Segments in the Zeolite Market?

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The zeolite market share growth in the detergent segment will be significant during the forecast period. The detergent segment is the largest application segment in the market for zeolite. Zeolite is used in detergents due to its ability to produce demineralized water through calcium ion exchange. This helps in removing stains and dirt from clothes effectively. This has fostered a remarkable demand for zeolite from the detergent segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the zeolite market size and actionable market insights on the post-COVID-19 impact on each segment.

Zeolite Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.2%
Market growth 2022-2026	$3.94 billion
Market structure	Fragmented
YoY growth (%)	5.28
Regional analysis	Europe, APAC, North America, the Middle East and Africa, and South America
Performing market contribution	Europe at 37%
Key consumer countries	US, China, South Korea, Germany, and France
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Anten Chemical Co. Ltd., Arkema S.A., BASF SE, Clariant AG, CWK Chemiewerk Bad Kostritz GmbH, Hengye Inc., Honeywell International Inc., International Zeolite Corp., Interra Global, KMI Zeolite Inc., KNT Group, Lenntech BV, St. Cloud Mining, Tosoh Corp, United States Antimony Corp., W. R. Grace and Co., ZEOCEM AS, Zeochem AG, Zeolyst International, and Blue Pacific Minerals Ltd
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Zeolite Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive zeolite market growth during the next five years
Precise estimation of the zeolite market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the zeolite industry across Europe, APAC, North America, the Middle East and Africa, and South America
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of zeolite market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments
- Exhibit 25: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 26: Data Table on End-user - Market share 2021-2026 (%)

5.2 Comparison by End-user
- Exhibit 27: Chart on Comparison by End-user
- Exhibit 28: Data Table on Comparison by End-user

5.3 Detergent - Market size and forecast 2021-2026
- Exhibit 29: Chart on Detergent - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Data Table on Detergent - Market size and forecast 2021-2026 ($ million)
- Exhibit 31: Chart on Detergent - Year-over-year growth 2021-2026 (%)
- Exhibit 32: Data Table on Detergent - Year-over-year growth 2021-2026 (%)

5.4 Catalyst - Market size and forecast 2021-2026
- Exhibit 33: Chart on Catalyst - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Data Table on Catalyst - Market size and forecast 2021-2026 ($ million)
- Exhibit 35: Chart on Catalyst - Year-over-year growth 2021-2026 (%)
- Exhibit 36: Data Table on Catalyst - Year-over-year growth 2021-2026 (%)

5.5 Adsorbent - Market size and forecast 2021-2026
- Exhibit 37: Chart on Adsorbent - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Data Table on Adsorbent - Market size and forecast 2021-2026 ($ million)
- Exhibit 39: Chart on Adsorbent - Year-over-year growth 2021-2026 (%)
- Exhibit 40: Data Table on Adsorbent - Year-over-year growth 2021-2026 (%)

5.6 Others - Market size and forecast 2021-2026
- Exhibit 41: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 44: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.7 Market opportunity by End-user
- Exhibit 45: Market opportunity by End-user ($ million)

6 Market Segmentation by Product Type

6.1 Market segments
- Exhibit 46: Chart on Product Type - Market share 2021-2026 (%)
- Exhibit 47: Data Table on Product Type - Market share 2021-2026 (%)

6.2 Comparison by Product Type
- Exhibit 48: Chart on Comparison by Product Type
- Exhibit 49: Data Table on Comparison by Product Type

6.3 Natural - Market size and forecast 2021-2026
- Exhibit 50: Chart on Natural - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Natural - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Natural - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Natural - Year-over-year growth 2021-2026 (%)

6.4 Synthetic - Market size and forecast 2021-2026
- Exhibit 54: Chart on Synthetic - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Synthetic - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Synthetic - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Synthetic - Year-over-year growth 2021-2026 (%)

6.5 Market opportunity by Product Type
- Exhibit 58: Market opportunity by Product Type ($ million)

7 Customer Landscape

7.1 Customer landscape overview
- Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation
- Exhibit 60: Chart on Market share by geography 2021-2026 (%)
- Exhibit 61: Data Table on Market share by geography 2021-2026 (%)

8.2 Geographic comparison
- Exhibit 62: Chart on Geographic comparison
- Exhibit 63: Data Table on Geographic comparison

8.3 Europe - Market size and forecast 2021-2026
- Exhibit 64: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 65: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 66: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 67: Data Table on Europe - Year-over-year growth 2021-2026 (%)

8.4 APAC - Market size and forecast 2021-2026
- Exhibit 68: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 69: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 70: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 71: Data Table on APAC - Year-over-year growth 2021-2026 (%)

8.5 North America - Market size and forecast 2021-2026
- Exhibit 72: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 73: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 74: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 75: Data Table on North America - Year-over-year growth 2021-2026 (%)

8.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 76: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 77: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 78: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 79: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

8.7 South America - Market size and forecast 2021-2026
- Exhibit 80: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 81: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 82: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 83: Data Table on South America - Year-over-year growth 2021-2026 (%)

8.8 China - Market size and forecast 2021-2026
- Exhibit 84: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 85: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 86: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 87: Data Table on China - Year-over-year growth 2021-2026 (%)

8.9 US - Market size and forecast 2021-2026
- Exhibit 88: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 89: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 90: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 91: Data Table on US - Year-over-year growth 2021-2026 (%)

8.10 Germany - Market size and forecast 2021-2026
- Exhibit 92: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 93: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 94: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 95: Data Table on Germany - Year-over-year growth 2021-2026 (%)

8.11 France - Market size and forecast 2021-2026
- Exhibit 96: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 97: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 98: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 99: Data Table on France - Year-over-year growth 2021-2026 (%)

8.12 South Korea - Market size and forecast 2021-2026
- Exhibit 100: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
- Exhibit 101: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
- Exhibit 102: Chart on South Korea - Year-over-year growth 2021-2026 (%)
- Exhibit 103: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

8.13 Market opportunity by geography
- Exhibit 104: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges
- Exhibit 105: Impact of drivers and challenges in 2021 and 2026

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape
- Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption
- Exhibit 107: Overview on factors of disruption

10.4 Industry risks
- Exhibit 108: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered
- Exhibit 109: Vendors covered

11.2 Market positioning of vendors
- Exhibit 110: Matrix on vendor position and classification

11.3 Anten Chemical Co. Ltd.
- Exhibit 111: Anten Chemical Co. Ltd. - Overview
- Exhibit 112: Anten Chemical Co. Ltd. - Product / Service
- Exhibit 113: Anten Chemical Co. Ltd. - Key offerings

11.4 Arkema S.A.
- Exhibit 114: Arkema S.A. - Overview
- Exhibit 115: Arkema S.A. - Business segments
- Exhibit 116: Arkema S.A. - Key news
- Exhibit 117: Arkema S.A. - Key offerings
- Exhibit 118: Arkema S.A. - Segment focus

11.5 BASF SE
- Exhibit 119: BASF SE - Overview
- Exhibit 120: BASF SE - Business segments
- Exhibit 121: BASF SE - Key news
- Exhibit 122: BASF SE - Key offerings
- Exhibit 123: BASF SE - Segment focus

11.6 Blue Pacific Minerals Ltd
- Exhibit 124: Blue Pacific Minerals Ltd - Overview
- Exhibit 125: Blue Pacific Minerals Ltd - Product / Service
- Exhibit 126: Blue Pacific Minerals Ltd - Key offerings

11.7 Honeywell International Inc.
- Exhibit 127: Honeywell International Inc. - Overview
- Exhibit 128: Honeywell International Inc. - Business segments
- Exhibit 129: Honeywell International Inc. - Key news
- Exhibit 130: Honeywell International Inc. - Key offerings
- Exhibit 131: Honeywell International Inc. - Segment focus

11.8 International Zeolite Corp.
- Exhibit 132: International Zeolite Corp. - Overview
- Exhibit 133: International Zeolite Corp. - Business segments
- Exhibit 134: International Zeolite Corp. - Key offerings
- Exhibit 135: International Zeolite Corp. - Segment focus

11.9 Interra Global
- Exhibit 136: Interra Global - Overview
- Exhibit 137: Interra Global - Product / Service
- Exhibit 138: Interra Global - Key offerings

11.10 Tosoh Corp
- Exhibit 139: Tosoh Corp - Overview
- Exhibit 140: Tosoh Corp - Business segments
- Exhibit 141: Tosoh Corp - Key offerings
- Exhibit 142: Tosoh Corp - Segment focus

11.11 United States Antimony Corp.
- Exhibit 143: United States Antimony Corp. - Overview
- Exhibit 144: United States Antimony Corp. - Product / Service
- Exhibit 145: United States Antimony Corp. - Key offerings

11.12 W. R. Grace and Co.
- Exhibit 146: W. R. Grace and Co. - Overview
- Exhibit 147: W. R. Grace and Co. - Business segments
- Exhibit 148: W. R. Grace and Co. - Key offerings
- Exhibit 149: W. R. Grace and Co. - Segment focus

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist
- Exhibit 150: Inclusions checklist
- Exhibit 151: Exclusions checklist

12.3 Currency conversion rates for US$
- Exhibit 152: Currency conversion rates for US$

12.4 Research methodology
- Exhibit 153: Research methodology
- Exhibit 154: Validation techniques employed for market sizing
- Exhibit 155: Information sources

12.5 List of abbreviations
- Exhibit 156: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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