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

Attapulgite market has been broadly classified into colloidal and sorptive grades based on its chemical and physical characteristics.

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

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  1. 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

  2. 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.

  3. Continued... • It exhibits superior absorbing qualities owing to the product’s 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.

  4. Europe Attapulgite Market size, by end-user, 2013 - 2024 (USD Million) https://www.gminsights.com/pressrelease/attapulgite-market

  5. Browse Full Market Research Report On Attapulgite Market @ http://bit.ly/2ob3Xab Request a sample copy of Attapulgite Market Research Report @ @ http://bit.ly/2ot9Vzi

  6. Continued... • Attapulgite market is segmented into sorptive and colloidal grades on the basis of the product’s 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 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.

  7. 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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