Attapulgite Market to expand USD 600 million by 2024 | Key players are Ashapura, Geohellas S.A., MinTech, BASF, Jaxon Filtration

As per study report, the attapulgite market could exceed USD 600 million in total annual remuneration in the coming years. Moreover, the wide array of applications of this chemical across medical and pharmaceutical, agriculture, and paints and coatings industries has offered considerable push to the global attapulgite market size.

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In the product front, the attapulgite market is segmented into two wide categories, colloidal and sorptive. Colloidal attapulgite is used in the sand bidder foundries that are oil and water-based, for gelling agent, drilling oil-wells, paint thickener, polishes, adhesive viscosity controller, washing powders and polishes. The product is responsible for nearly two-thirds of the total attapulgite industry share and sees extensive use in raw materials.

The oil and gas industry accounts for a considerable share of attapulgite market. Large amounts of drilling activities are likely to drive the oil and gas sector, indicating significant future demand of the compound in North America, which has emerged as a profitable revenue pocket due to huge oil and natural gas deposits across the U.S.

Globally attapulgite can find extensive use in the agriculture sector. The sorptive product type finds use as a carrier in agricultural applications like antidiarrheal, floor absorbent, intestinal medication, and powdered agrochemicals. The product also finds primary usage in vegetable fats and oils for neutralizing and in petroleum refining.
Cat litter absorbents is another major application of this compound that has brought in an appreciable revenue for the total market. The growing trend of feline pets, mainly across the developed economies is a primary driver for attapulgite market demand across the application.

Major companies in the attapulgite market are Active Minerals International, LLC, Ashapura Group, Gunjan Minerals Pvt. Ltd., Geohellas S.A., MinTech International, Inc., Oil-Dri Corporation of America, KPL International Limited, Gujarat Minechem, BASF Corporation, Manek Minerals, Ashwa Minerals Private Limited, Jaxon Filtration, Hudson Marketing Pty Limited, The Halliburton Company, and Russell Finex Ltd.

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