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The global attapulgite market is expected to exhibit moderate growth during 2021-2026. 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. Looking forward, IMARC Group expects the global attapulgite market to grow at a CAGR of around 4% during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global attapulgite market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product and end use.
Breakup by Product:
Breakup by End Use:
Breakup by Region:
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.
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