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Attapulgite Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020

  • Date Submitted: 04/23/2015 10:30 PM
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Transparency Market Research
Attapulgite Market for Cat Litter Absorbent, Oil & Gas, Agriculture, Paints & Coatings, Medical & Pharmaceutical and Other End-use Industries - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020

Published Date 2014-10-08

86 Page Report

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Attapulgite Market is Expected to Reach USD 418.8 million by 2020
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Attapulgite Market

REPORT DESCRIPTION

Transparency Market Research has published a new market report titled, According to the report, 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. 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.

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