Attapulgite Market to grow at 8% CAGR by 2024: Global Market Insights, Inc.

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Attapulgite Market Size By Product (Colloidal,
Sorptive), By End-User (Cat Litter Absorbent, Oil
Gas, Agriculture, Paints Coatings, Medical
Pharmaceutical), Industry Analysis Report,
Regional Outlook (U.S., Canada, Germany, UK,
France, Spain, Italy, China, Mexico, South
Africa, GCC), Application Growth Potential, Price
Trends, Competitive Market Share Forecast, 2016
2024
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Global Market Scenario of Attapulgite Industry

• Attapulgite Market size is slated to surpass USD
  600 million by the end of 2024 according to a
  new research report by Global Market Insights,
  Inc.
• Huge amount of drilling activities owing to
  increasing oil gas and construction industry
  will significantly influence the industry growth.
  Inertness towards high salinity makes the product
  highly desirable in offshore drilling process.
  With depleting petroleum level, drilling
  technologies are witnessing several advancements,
  which will likely boost the global attapulgite
  market in the coming years.
• Increasing trend of domesticating pet animals,
  especially cats, will enhance the cat litter
  absorbents industry in the considered forecast
  spell, hence augmenting the global attapulgite
  market which is a principal raw material.

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Continued...

• It exhibits superior absorbing qualities owing to
  the products highly porous structure, and soaks
  cat urine effectively through its mineral layers.
  Litter absorbents made from attapulgite clay have
  antibacterial traits, efficient odor control
  properties, and are easy to use and dispose.
• Moreover, global shift towards the usage of
  natural products, will also have a positive
  influence on the global attapulgite market up to
  2024. Global cat litter absorbent industry
  recorded around USD 5 billion in 2015 and will
  likely reach around USD 7 billion by 2024.
• Huge deposits of the clay mineral in the U.S. and
  the strict rules in the country pertaining to
  mining and safety may pose hindrance to the
  global attapulgite market in the considered
  forecast spell. Numerous mandates by the central
  as well as state regulatory bodies govern the
  mining activities in the region. Land reclamation
  acts to save the environment and biotic species
  may restrict growth.

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Europe Attapulgite Market size, by end-user, 2013
- 2024 (USD Million)
https//www.gminsights.com/pressrelease/attapulgit
e-market
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Browse Full Market Research Report On Attapulgite
Market _at_ http//bit.ly/2ob3Xab Request a
sample copy of Attapulgite Market Research Report
_at_ _at_ http//bit.ly/2ot9Vzi
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Continued...

• Attapulgite market is segmented into sorptive and
  colloidal grades on the basis of the products
  physical and chemical characteristics. Colloidal
  grades registered more than two third of the
  global attapulgite market volume in 2015. This
  segment will gain the market fast due to its
  widespread application as raw material in paints,
  polishes, gels, and in cat litter absorbents.
• Global attapulgite market finds application in
  oil gas, agriculture, paints coatings,
  pharmaceuticals, and cat litter absorbent
  industries due to the products excellent
  absorbing properties and highly porous structure.
• Cat litter absorbent industry will hold sway the
  global attapulgite market in the upcoming years
  with an estimated gain at over 8 CAGR up to
  2024. Increasing feline pets in the developed
  countries will likely have a noteworthy effect on
  this application segment throughout the
  considered forecast spell.

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360 Analysis

• Attapulgite Market, By Product
• Colloidal grades find a wide range of application
  in oil and water base foundry sand binders,
  oil-well drilling, as a paint thickener and
  gelling agent, polishes, for adhesive viscosity
  control, as a raw material for cat litter
  absorbents, as well as in laundry washing
  powders.
• Regional Trends
• North America registered a significant 2015
  global attapulgite market share, with more than
  33.
• Increasing end-user demand in the Asia Pacific,
  due to increasing industrialization, will have a
  notable influence on the global attapulgite
  market in the coming years.
• he region registered over USD 80 million in 2015,
  and is set to flourish at over 9 CAGR in the
  forecast span.
• Competitive Market Share
• Attapulgite market competitive landscape is
  highly consolidated with the presence of
  multinational giants such as BASF SE and Active
  Mineral International, with a combined share of
  close to 50 of the industry.

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