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    Attapulgite Market Report

    Attapulgite Market Report
    Report code - SR1911 Delivery - 2 Weeks
    Attapulgite Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportun See more...

    Market Insights

    Attapulgite is a type of clay mineral, consisting of magnesium aluminium phyllosilicate with very high absorption capacity. Attapulgite has been used in several industries for many years due to its superior absorbing abilities. Due to its high surface area and porosity, attapulgite finds extensive application in oil & gas, pharmaceutical, and pet care industries. It inhibits bacterial growth by effectively absorbing moisture in a short period of time.

    Attapulgite Market – Snapshot

    CAGR

    7.5%

    Major Product Type

    Colloidal Grade

    Major End-Use Type

    Oil & Gas

    Region with the highest demand

    North America

    Key Players

    Active Minerals International, LLC, Ashapura Group, Ashwa Minerals Private Limited, BASF Corporation, G&W Mineral Resources, Geohellas S.A., Gunjan Minerals Pvt. Ltd., Hudson Resources Limited, Jaxon Filtration, and KPL International Limited

     

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    The oil & gas industry was under immense pressure in the wake of weak economic growth, the oil price war between Russia and Saudi Arabia, and low crude oil prices. The outbreak of the COVID-19 pandemic decreased the demand for oil products. As a result, the industry recorded a decline in the year 2020. The impact of COVID-19 on the attapulgite market was minimal and has sustained during the course of the pandemic, as the product has a wide range of applications and is used in a variety of industries ranging from pharmaceuticals to agricultural products to chemicals.

    The attapulgite market is estimated to grow at a decent CAGR of 7.5% during the forecast period, due to increasing drilling activities, growing construction and oil & gas industries. In addition, the increase in demand for attapulgite from various industrial applications, especially oil & gas, is the major factor expected to fuel the growth of the attapulgite market over the forecast period. Additionally, increase in investment for infrastructure development, rapid industrialization, increasing R&D activities, and advancements in drilling technologies are further likely to drive the market growth in the coming years.

    Market Segments' Analysis

    Based on the product type, the market is bifurcated into colloidal grade and sorptive grade. Colloidal grade is estimated to remain the major product type in the foreseen future. The demand for colloidal grade attapulgite is primarily driven by its use in oil and water base foundry sand binders, oil-well drilling, as a gelling agent and paint thickener, polishes, for adhesive viscosity control, as a raw material for cat litter absorbents, and in laundry washing powders.

    Based on the end-user type, the market is segmented as pet waste absorbents, oil & gas, agriculture, paints & coatings, medical & pharmaceutical, and others. Among these end-user types, oil & gas dominates the market. In the oil & gas industry, attapulgite products are used in applications such as drilling muds. They are also used in suspension, thickening, and clarifying agents, and absorbers. Seawater and saltwater drilling operations are the primary applications for these products.

    In terms of regions, North America holds the major share of the market for attapulgites on account of their increasing demand from the domestic chemical and pet waste absorbent industries. The increased demand for attapulgite as a pet waste adsorbent, owing to the rising popularity of petting cats in developed countries such as the U.S., is expected to drive the growth of the market in the region. In addition, Asia-Pacific is expected to be the fastest-emerging market during the forecast period. The growing medical, pharmaceutical, and cosmetic industries, as well as rising construction activities in emerging countries as part of the infrastructure development plan, is expected to drive the demand for attapulgites over the forecast period.

    Key Players

    Oil & gas remains one of the key industries that all the key attapulgite suppliers are targeting today. The following are some of the key players in the attapulgite market:

    • Active Minerals International, LLC
    • Ashapura Group
    • Ashwa Minerals Private Limited
    • BASF Corporation
    • G&W Mineral Resources
    • Geohellas S.A.
    • Gunjan Minerals Pvt. Ltd.
    • Hudson Resources Limited
    • Jaxon Filtration
    • KPL International Limited

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s attapulgite market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The attapulgite market is segmented into the following categories:

    Attapulgite Market, by Product Type

    • Colloidal Grade (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Sorptive Grade (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Attapulgite Market, by End-User Type

    • Pet Waste Absorbents (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Agriculture (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Paints & Coatings (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Medical & Pharmaceutical (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Attapulgite Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, Italy, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The attapulgite market is estimated to grow at a healthy CAGR of 7.5% over the next five years, owing to the increasing adoption of attapulgites in various industries such as oil & gas, pharmaceutical, agriculture, forestry and animal husbandry, and paints & coatings. In addition, heavy amount of oil & gas drilling activities around the world is likely to increase the product demand.

    Active Minerals International, LLC, Ashapura Group, Ashwa Minerals Private Limited, BASF Corporation, G&W Mineral Resources, Geohellas S.A., Gunjan Minerals Pvt. Ltd., Hudson Resources Limited, Jaxon Filtration, and KPL International Limited are some of the key players in the market. Among these players, BASF holds a strategic position in the attapulgite market. BASF has quality resources of attapulgite and has vast experience and a wide presence across the world.

    Asia-Pacific is estimated to be dominant in the attapulgite market in the coming years. The region is likely to generate substantial demand for attapulgites in the next five years.

    Asia-Pacific is estimated to grow at the fastest rate in the coming five years. Increasing industrialization, growing chemicals & agrochemicals sector, and adoption of attapulgites for ferrochrome pelletizing are likely to drive the overall regions market dynamics.

    Oil & gas end-user is likely to maintain its dominance in the market in the next five years, on account of increasing demand for attapulgites from the oil & gas industry and increasing drilling operations in the oil rigs and oil wells, owing to the depleting petroleum reserves.

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