Press release
Attapulgite Market Top Key Participant Are: BASF, Halliburton, Hudson, Ashapura Group, Geohellas, KPL International, Oil-Dri Corporation of America, Jaxon Filtration, Russell Finex
Global Market Insights, Inc.
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Cat litter absorbents sector, which collected a revenue of USD 5 billion in 2015, is forecast to lift attapulgite market size within the next few years. It will grow at an annual rate of 8% over 2016-2024. Litter absorbing features of the product along with its antibacterial & odor controlling characteristic has made it popular among the pet lovers. Oil & gas sector is forecast to register significant gains of 9% over the period of 2016 to 2024, having made a notable contribution of over 25% to attapulgite industry share in 2015.
Global attapulgite market finds application in oil & gas, agriculture, paints & coatings, pharmaceuticals, and cat litter absorbent industries due to the product’s 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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Partial Chapter of the Table of Content
Chapter 3 Attapulgite Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2013 - 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distributor matrix
3.4 Industry impact forces
3.4.1 Growth drivers
3.4.1.1 Increase drilling activities all over the globe
3.4.1.2 Growing demand for cat litter absorbent in developed countries
3.4.2 Industry pitfalls and challenges
3.4.2.1 Stringent mining regulations, especially in the U.S.
3.5 Growth potential analysis
3.6 Regulatory trends
3.6.1 U.S.
3.6.2 Europe
3.6.3 China
3.7 Porter’s analysis
3.8 Company market share analysis, 2015
3.7.1 Strategic landscape
3.9 PESTEL analysis
3.10 Regional price trends
3.10.1 Cost structure analysis
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Significant deposit of the clay mineral in the U.S. made North America a notable regional market with over a third of the global attapulgite market size. The region is set to witness growth at over 7% CAGR in the considered forecast spell. In terms of demand, Asia Pacific will witness a high growth at more than 9% CAGR owing to increasing industrialization and purchase parity of the regional population.
The company share is highly consolidated with the top two players – Active Mineral International and BASF SE, accounting to over 50% of the overall market size. Other manufacturing companies including Geohellas, Halliburton, KPL International, Hudson, Oil-Dri Corporation, Ashapura Group, Russell Finex, Jaxon Filtration, Gujarat Minechem, Anhui Boshuo, Anhui Mingmei Minchem, and several others also characterize the attapulgite market competitive landscape of the industry.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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