The global attapulgite market is expected to exhibit a CAGR of 5.57% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Attapulgite refers to a clay mineral consisting of magnesium-aluminum silicate. It includes a specialized laminated chain structure with crystalline lattice displacement and is commonly available in colloidal and sorptive grade variants. It has a high water absorption capacity and is used to manufacture pharmaceutical drugs and anti-diarrhea medicines to remove acids and toxic substances in the stomach and digestive tract. It is also utilized for refining animal, vegetable and mineral oils and as a carrier for insecticides and fungicides. As a result, attapulgite finds extensive applications across various industries, including medical, chemical, cosmetic, oil and gas and paper.
Significant growth in the oil and gas industry across the globe is one of the key factors creating a positive outlook for the market. Attapulgite is used as an additive in drilling shafts to coat the drill string and drill bit for saltwater applications. It is also used for reducing the weight of the slurry and enhancing its volume. Furthermore, widespread product adoption as thickener, gelling agent and adhesive viscosity controller for the manufacturing of adhesives, paints and coating is providing a thrust to the market growth. Sorptive-grade attapulgite is also extensively used in industrial cleaners and for refining agro-based chemicals, petroleum and neutralizing oils and fats. Additionally, various product innovations, such as the development of attapulgite-based cat litter absorbents, are acting as other growth-inducing factors. These variants congeal the soiling, diffuse the odor are environment-friendly in nature. Other factors, including significant growth in the pharmaceutical industry, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global attapulgite market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product and end use.
Breakup by Product:
- Colloidal Grade
- Sorptive Grade
Breakup by End Use:
- Oil and Gas
- Pet Waste Absorbents
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Active Minerals International LLC, Anhui Boshuo Technology Co. Ltd., Ashapura Group, BASF SE, G&W Mineral Resources (Zimco Group (PTY) Ltd), Geohellas S.A., Hudson Resources Limited, Jaxon Filtration, Oil-Dri Corporation of America, Sepiolsa and Tolsa.
|Base Year of the Analysis
||Product, End Use, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Active Minerals International LLC, Anhui Boshuo Technology Co. Ltd., Ashapura Group, BASF SE, G&W Mineral Resources (Zimco Group (PTY) Ltd), Geohellas S.A., Hudson Resources Limited, Jaxon Filtration, Oil-Dri Corporation of America, Sepiolsa and Tolsa
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Key Questions Answered in This Report:
- How has the global attapulgite market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global attapulgite market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global attapulgite market and who are the key players?
- What is the degree of competition in the industry?