Transparency
Market Research announces the release of a new research report titled
“Attapulgite Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2014 - 2020”. The report indicates that
the global attapulgite market stands to expand from US$238.5 mn in
2013 to US$418.8 mn by 2020, registering a strong CAGR of 8.30% in
terms of revenue.
By
product, the attapulgite market is segmented into sorptive grade and
colloidal grade. The latter dominates the overall attapulgite market
and, in 2013, held more than 65.0% share in terms of volume.
Colloidal grade attapulgite is in demand from end-use industries such
as chemicals, oil and gas, paints and coatings, and cosmetics. This
segment is also forecast to be the most rapidly developing product
segment by 2020 owing to its use in applications such as sealants,
drilling mud, liquid detergents, suspension fertilizers, binding,
adhesives, caulks, liquid pesticides, animal feed, and suspension.
Browse
full Attapulgite
Market
report
at:http://www.transparencymarketresearch.com/attapulgite-market.html
Attapulgite
finds application in oil and gas industries, as cat litter absorbent,
in agriculture, in paints and coatings, in the pharmaceutical and
medical field, and others including paper, chemicals, and cosmetics.
The largest end-use industries were oil and gas and cat litter
absorbent and together, these segments held more than 60.0% of the
attapulgite market volume in 2013. The cat litter absorbent segment
is driven by the need and the development of innovative absorbents
that neutralize bad odor, are environment-friendly, and congeal
quickly after soiling. The oil and gas industry is projected to
witness the highest CAGR by 2020 owing to rise in drilling activities
across the globe. While the pharmaceutical and medical segment is
fueled by growing consumer preference for natural products over
synthetic variants, the paints and coatings segment is propelled by
the replacement of conventional organic thickeners with attapulgite
in the production of water-insensitive films.
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Geographically,
the global attapulgite market is divided into North America, Asia
Pacific, Europe, and Rest of the World. In 2013, North America
accounted for a 35.0% share of the overall attapulgite market, making
it the leading regional segment. This market is driven by rising
restrictions regarding the use of synthetic chemicals and abundant
deposits of attapulgite-rich fuller’s earth. Asia Pacific, on the
other hand, is anticipated to register the highest CAGR during the
forecast period. This regional attapulgite market is fueled by rapid
industrialization, growth of the healthcare sector, and rise in
drilling and construction activities.
The
attapulgite market is immensely consolidated and the top two
companies accounted for almost 57.0% of the overall market in 2013.
Some of the notable players operating in the global attapulgite
market are Active Minerals International, LLC, Ashwa Minerals Private
Limited, BASF Corporation, Oil-Dri Corporation of America, Manek
Minerals, KPL International Limited, Ashapura Group, Geohellas S.A.,
Gunjan Minerals Pvt. Ltd., inTech International, Inc., and Gujarat
Minechem.
Attapulgite
Market - Product Segment Analysis
- Colloidal grade (gelling grade)
- Sorptive grade (non-colloidal sorbent grade)
Attapulgite
Market – End-use Industry Analysis
- Cat litter absorbent
- Oil & gas
- Agriculture
- Paints & coatings
- Medical & pharmaceutical
- Others (Including chemical, paper and cosmetics)
Attapulgite
Market - Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
Browse
the full Press
Release:http://www.transparencymarketresearch.com/pressrelease/attapulgite-market.htm
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