Transparency Market Research states that the rising demand for cat litter absorbents and the surge in drilling activities across globe are mainly responsible for the expansion of the attapulgite market. In a report titled “Attapulgite Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” TMR studies the structure, scope, and dynamics of this market. The chief factors driving and limiting its growth have been determined and evaluated to give readers a thorough understanding of where the global attapulgite market stands today and where it is headed.
According to the findings of the report, the market for attapulgite is anticipated to expand at a healthy CAGR of 8.3% from 2014 to 2020, increasing from a value of US$238.5 mn in 2013 to US$418.8 mn by 2020. This growth can be attributed to the rapid expansion of the oil and gas industry and the rising use of attapulgite in several applications. While the novel applications of attapulgite are likely to open up new avenues for players in the market, strict mining regulations, especially in the U.S., are projected to impede the growth of the attapulgite market over the coming years.
The report studies the attapulgite market based on three key parameters: Product, end use, and geography.
By product, the attapulgite market has been bifurcated into sorptive grade and colloidal grade. In 2013, colloidal grade attapulgite (gelling grade) dominated the overall market with a 65% share in terms of volume. The rising quantities of attapulgite consumed by end-use industries such as chemicals, paints and coatings, oil and gas, and cosmetics is a primary factor driving the demand for colloidal grade attapulgite. This segment is projected to retain its lead through 2020, also emerging as the fastest growing product segment in the forecast period.
By end use, the market for attapulgite has been segmented into oil and gas, paints and coatings, cat litter absorbent, agriculture, medical and pharmaceuticals, and others. Jointly accounting for more than 60% of the market in 2013, the oil and gas and cat litter absorbent segments dominated the attapulgite market by volume.
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By geography, the attapulgite market has been segregated into Asia Pacific, North America, Europe, and Rest of the World. In 2013, North America dominated the global attapulgite market with a share of 35% fueled mainly by the abundant deposits of attapulgite-rich fuller’s earth. On the other hand, Asia Pacific is anticipated to witness strong growth in the coming years owing to the surge in drilling activities and the expansion of the construction sector.
Geohellas S.A., Oil-Dri Corporation of America, Gujarat Minechem, Active Minerals International, LLC, Ashwa Minerals Private Limited, MinTech International, Inc., Ashapura Group, Manek Minerals, KPL International Limited, Gunjan Minerals Pvt. Ltd., and BASF Corporation are some of the leading players competing in the global attapulgite market. These companies have been profiled in the research report based on key aspects such as business overview, financial standing, business strategies, and SWOT analysis.
Attapulgite Market, by Product
- Colloidal grade (gelling grade)
- Sorptive grade (non-colloidal sorbent grade)
Attapulgite Market, by End Use
- Cat litter absorbent
- Oil & gas
- Agriculture
- Paints & coatings
- Medical & pharmaceutical
- Others (Including chemical, paper and cosmetics)
Attapulgite Market, by Region
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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