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Attapulgite Market to depict heavy gains from end-user segment

Author : Ravi Chawat | Published Date : 2020-08-18 

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%.

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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.

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 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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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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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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