Global Attapulgite Market, By Product (Colloidal, Sorptive), End-User (Cat Litter Absorbent, Oil and Gas, Agriculture, Paints and Coatings, Medical and Pharmaceutical), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Attapulgite Market
The attapulgite market is expected to witness market growth at a rate of 7.25% in the forecast period of 2021 to 2028. Data Bridge Market Research report on attapulgite market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of attapulgite market.
Attapulgite refers to a clay mineral that consists of magnesium-aluminum silicate and used as drilling fluids in the oil & gas sector. The mineral is firstly it is coated with a quaternary amine to make it oil dispersible. Suspending agents made using attapulgite is utilized in saltwater applications, whereas it is deployed in drilling shaft to surround drill string and drill bit.
The increase in demand for attapulgite in the oil & gas application acts as one of the major factors driving the growth of attapulgite market. The increase in the use of product in salt contaminated mud for offshore drilling activities due to its superior suspending qualities and rise in the utilization for the mineral for decreasing the slurry weight and increasing the slurry volume accelerate the market growth. The high use of attapulgite clay to formulate value-added products, and use of the product as an additive in the formulation of adhesives, paints, and coatings further influence the market. Additionally, increase in investment, rapid industrialization, and research and development activities positively affect the attapulgite market. Furthermore, advancements in drilling technologies extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, strict mining regulations are expected to obstruct the market growth. Crashing international oil prices are projected to challenge the attapulgite market in the forecast period of 2021-2028.
This attapulgite market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on attapulgite market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Attapulgite Market Scope and Market Size
The attapulgite market is segmented on the basis of product and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product, the attapulgite market is segmented into colloidal and sorptive.
- On the basis of end-user, the attapulgite market is segmented into cat litter absorbent, oil and gas, agriculture, paints and coatings, and medical and pharmaceutical.
Global Attapulgite Market Country Level Analysis
The attapulgite market is analyzed, and market size, volume information is provided by country, product, and end-user as referenced above.
The countries covered in the global attapulgite market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the attapulgite market due to the significant demand from the domestic chemicals and pet waste absorbents industries within the region. Asia-Pacific is expected to be the fastest growing market during the forecast period of 2021 to 2028 because of the use of the product in ferrochrome pelletizing in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Attapulgite Market Share Analysis
The attapulgite market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to attapulgite market.
The major players covered in the attapulgite market report are BASF SE, Clariant, Taiko Holdings Co. Ltd., The W Clay Industries Sdn. Bhd., AMC (UK) Limited, Shenzhen Aoheng Science and Technology Co., Ltd., Musim Mas, HRP Industries, Manek Active Clay Pvt. Ltd., Refoil Earth Pvt. Ltd, Phoenix Chemicals Pvt. Ltd., Ashapura Group, Fullers Earth India Corporation, Korvi Activated Earth , Indian Clay & Mineral Co., Zeotec Adsorbents Private Limited, Korvi Activated Earth, Oil-Dri Corporation of America, and 20 Microns Nano Minerals Limited, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-