Attapulgite Market Outlook, Trends, Demand, Regional Analysis and Forecast to 2024
Date: 2020-03-30   Author: Rahul Varpe  Category: #market

Attapulgite Market Outlook, Trends, Demand, Regional Analysis and Forecast to 2024

The competitive analysis comprising numerous market players is a rather noteworthy feature of the attapulgite market report, as it provides details about the direct and indirect competitors in the market. The report also provides the company profile of these market players inclusive of certain specifications, technologies, and their future development plans.

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The report provides a detailed evaluation of the global attapulgite market – this includes the major trends, basic market driving factors, main challenges, enabling technologies, regulatory landscape, standardization, future roadmap, growth opportunities, value chain, ecosystem player profiles and strategies. The report also presents the projections for attapulgite investments till 2024.

Growth Drivers:

  • Increase drilling activities all over the globe
  • Growing demand for cat litter absorbent in developed countries

Based on the product grade, the attapulgite market is divided into two broad categories namely, colloidal and sorptive. Colloidal grade finds application extensively in the sand bidder foundries that are water and oil based, drilling oil-wells, gelling agent, paint thickener, adhesive viscosity controller, polishes, and also in washing powders for laundries. The product captures about two-third of the attapulgite market share globally and will show healthy gains owing to its huge applications in raw materials. The sorptive grade of the product finds its applications as a carrier in the agriculture-based industries as floor absorbent, antidiarrheal and intestinal medications, and powdered agrochemicals. It also is vastly used in the vegetable fats and oils for neutralizing, and in petroleum refining.

The global attapulgite market study delivers an overall evaluation for stakeholders looking to expand their reach spanning various geographies, contenders, solution providers, new entrants in the industry, as well as financial speculators, private value firms, and government bodies.

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The end-user segment of attapulgite market is categorized into five major segments as paints & coatings, agriculture, oil & gas, medical & pharmaceutical, and cat litter absorbent. The agriculture holds around 15% of the market share and is likely to show grow in forecast period. The oil & gas segment holds a significant amount of attapulgite industry size owing to extensive usage of the product. Large amounts of drilling activities are likely to augment the oil & gas segment to grow with a rate of around 9%.

Prominent players in the global attapulgite market include BASF SE, Active Mineral International, Hudson, KPL International, Geohellas, Ashapura Group, Halliburton, Gujarat Minechem, Russell Finex, Jaxon Filtration, Oil-Dri Corporation of America, Anhui Boshuo, and Anhui Mingmei Minchem to name some.

The regional segmentation covers:

o Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)

o North America Region (U.S., Canada, Mexico)

o South America Region (Argentina, Brazil, Columbia, Rest of South America)

o Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific)

o The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA)

With more than a third of the entire attapulgite market, North America holds a significant share owing to huge deposits in the United States. With a growth rate of over 7%, the region is likely to witness healthy gains in the future years. Growing industrialization and increasing end-user industries demand in the Asia Pacific is likely to augment the regional attapulgite market. The region is likely to foresee growth with a 9% CAGR and is likely to surpass North America for product demand by the end of the forecast period.

Stringent government regulations regarding mining activities in the United States due to huge clay mineral deposits is likely to act as a hindering factor to the global attapulgite market. Norms, regulations and safety standards for toxicities, contaminated water disposal, land policies, and environmental standards is likely to affect the industry in future period.

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Main Features of the Global Market Research Report:

-The report delivers the market valuation as well as the projected growth rate of the market spanning all years till 2025.

-The report also describes the major drivers of worldwide market by considering as well as taking calculated risks, in tandem with identifying and testing new strategies.

-The research report endorses a detailed industry chain analysis. Also, it covers the production process of market, upstream raw material supplier information, raw material costs, labor costs, manufacturing costs, marketing channels, as well as the downstream buyers of the market.

-The report provides detailed knowledge about the competitive scenario of the global market, and also discusses the numerous marketing strategies adopted by companies to stay ahead in the competition.

-The report analyses the various market segments and also provides their contribution to the development of the global market.

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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for algosonline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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