Attapulgite Market Segment Forecasts up to 2020,Research Reports:Transparency Market Research

From: Transparency Market Research
Published: Sat Jun 20 2015

The attapulgite market was valued at USD 238.5 million in 2013 and is likely to reach USD 418.8 million by 2020, expanding at a CAGR of 8.3% during the forecast period from 2014 to 2020. In terms of volume, the global demand for attapulgite stood at 1,391.8 kilo tons in 2013.

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Increase in oil rig drilling activities, growth of the healthcare industry and rise in construction activities are some of the key factors driving demand for attapulgite. Attapulgite is widely used in offshore oil and gas drilling activities, especially in North America, as the mineral swells and forms gel structures in salt water. Additionally, rising demand for innovative cat litter absorbents is expected to fuel market growth during the forecast period. Cat litter absorbent manufactured using attapulgite clay effectively absorbs urine as it passes through the mineral layer, leaving a clean surface for the next use. However, stringent mining regulations, especially in the U.S., are likely to hamper the overall growth of the market. Nonetheless, use of attapulgite in novel applications such as cosmetics, chemicals and paper is anticipated to offer new opportunities for market growth.

The colloidal grade attapulgite segment dominated the global attapulgite market, accounting for over 65% share in 2013. Colloidal grade attapulgite is consumed in large quantities in end-use industries such as oil & gas, chemicals, cosmetics, and paints & coatings. Hence, the colloidal grade attapulgite segment is anticipated to gain market share in the next few years.

Demand for attapulgite in the cat litter absorbent segment stood at 508.9 kilo tons in 2013. It was the largest end-use industry in the attapulgite market. This trend is expected to continue during the forecast period. However, the oil & gas segment is anticipated to witness the fastest growth in the attapulgite market due to rising onshore and offshore oil drilling activities. Furthermore, demand for attapulgite is likely to be significant in the medical & pharmaceutical sector during the forecast period due to the increasing demand for natural and organic medicines.

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North America was the largest market for attapulgite, accounting for a share of 35% in 2013 in terms of volume. However, countries in Asia Pacific and Rest of the World are expected to witness the fastest growth in the attapulgite market during the forecast period due to a rise in oil drilling and civil construction activities.

The attapulgite market is consolidated in nature, with two players dominating the global market. Companies such as Active Minerals International, LLC, Geohellas S.A., MinTech International, Inc., Oil-Dri Corporation of America and BASF Corporation are the key players in the global attapulgite market.

The report segments the global attapulgite market as follows:

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
Paints & coatings
Medical & pharmaceutical
Others (Including chemical, paper and cosmetics)

Attapulgite Market - Regional Analysis

North America
Asia Pacific
Rest of the World (RoW)

Browse Press Release Of Attapulgite Market

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