The
Global attapulgite market was valued US$ X.9 Bn and is expected to reach XX Bn by 2027, at a CAGR of X.10% during a forecast period.
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Request Free Sample ReportGlobal attapulgite market Definition:
A mounting requirement for the oil and gas will contribute to the growth in market size over 2027. From developed regions US has documented world’s largest attapulgite manufacturing region, approximately 40-45% of market share in the year 2019 was registered by US market. Globally, present manufacturing companies in the market is also expected to enlarge attapulgite size over the forecast period in order to maximize its overall revenues cost. The Global attapulgite market was valued US$ X.9 Bn and is expected to reach XX Bn by 2027, at a CAGR of X.10% during a forecast period.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis
Global attapulgite market Dynamics:
The growth of the attapulgite market is driven by the factors like development in drilling doings all over the globe flourishing oil gas and construction industries probably propelling demand on the overall attapulgite market in the future years. It is utilised to increase the slurry volume and decrease the slurry weight, since dissolved salt do not show any adverse effect on the product characteristics. attapulgite shows extensive application in salt contaminated mud for offshore drilling activities owing to its greater suspending qualities is attracting the competitors to contribute in the market growth by investing in the targeted market. Furthermore, attapulgite based suspending agent is highly compatible with fibrous, flake-type materials, and slurries with granular, factors covered is expected to boost the market growth during forecasted period. Global oil and gas rigs count stood at over XX by the end of 2019, and projected to witness foremost advancements in drilling technologies owing to increasing demand will positively impact on market expansion all over the globe. Furthermore, Strict mining regulations like, land policies, environmental standards, substance toxicities, waste disposal, in the U.S. may hinder the global attapulgite market growth as the country possesses a huge deposit of the clay mineral. Additionally, safety standards by department of labour will hamper the market growth.
Global attapulgite market Segment analysis:
By End-User segment, Cat litter absorbents industry sector is expected to show constant growth during estimated year. Growing trends of petting cats all over the world will highly demand for cat litter absorbent all over the world. Increasing awareness about the feline family, together with development of environment friendly and quick acting litter absorbents based on the clay mineral will catalyze the overall attapulgite market growth over the forecasted period. Furthermore, as per estimation end-user segment has documented 65% of market share and is expected to show significant growth during projected period. On the other hand, Cat litter absorbents market was registered XX Bn at the end of base year with CAGR of X.X% and will collect a large revenue by the end of 2027.
Global attapulgite market Regional Analysis:
Geopolitically, North America is expected to dominate the attapulgite Market and is expected to grow at CAGR of XX % during the forecast period. Vast production of mineral in the US provide easy availability of raw material for end-users globally. Southeastern United States accounted for the largest clay mineral producing land, is boosting the market expansion in this region. In 2019 market size was valued US$ XX Bn in while in U.S, market size was valued XX Bn and expected to increase by US$ XX Bn in coming years. Followed by North America, Asia Pacific is considered as second largest market in terms of growth, has crossed US$ XX Bn in 2019 and is projected to rise at a CAGR of over X.6% from 2020 to 2027, prominent growth drivers are increasing pharmaceutical and medical, cosmetics industries will likely to boost product demand by 2027. The objective of the report is to present a comprehensive analysis of the Global Attapulgite Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Attapulgite Market dynamics, structure by analysing the market segments and project the Global Attapulgite Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Attapulgite Market make the report investor’s guide.
Global Attapulgite market, By Product
• Sorptive • Colloidal
Global Attapulgite market, By End-user
• Medical and Pharmaceutical • Cat Litter Absorbent • Paints and Coatings • Oil and Gas • Agriculture
Global Attapulgite Market, By Region
• North America • Europe • Asia Pacific • Latin America • Middle East Africa
Key Players Operating the Global attapulgite market
• Hudson Marketing Pty Limited • Oil-Dri Corporation of America • Ashwa Minerals Private Limited • Active Minerals International • MinTech International, Inc • KPL International Limited • The Halliburton Company • Gunjan Minerals Pvt. Ltd • Gujarat Minechem • BASF Corporation • Ashapura Group • Manek Minerals • Russell Finex Ltd. • Jaxon Filtration • Geohellas S.A • BASF SE • Tolsa • MYTA a SAMCA Group Company • Sun Silicates (Pty) Ltd. • Sepiolsa • GW Mineral Resources
