Los Angeles, CA -- (SBWire) -- 05/02/2019 --Another report released by QY Research in the domain of chemical and materials provides a brief overview of the global attapulgite market. While offering the 3600 view of the market, QY Research has focused on the major competitors across the globe operating in the global attapulgite market. The report titled, "Global Attapulgite Market Report, History and Forecast 2014-2025," is based on the key factors that play an important role in the development of the future and the present market scenario of the attapulgite market.
As per the report, the global attapulgite market is growing with a sluggish CAGR of 3.0% throughout the assessment period of 6 years, i.e. between 2019 and 2025. The market is expected to attain the value of US$ 600 Mn by the end of 2025 from US$ 490 Mn in the year 2018. The global attapulgite market is gaining traction due to high surface area, high prosperity, distinct colloidal properties, and resistance to a high concentration of electrolytes.
Global Attapulgite Market: Drivers and Restraints
Since, last few years, the global attapulgite market has been witnessing an ample growth due to the growing demand from the oil & gas industry. The increasing number of drilling activities across the globe is driving the growth of the market over the forecasted period. The rising demand for paint and coatings due to the growing construction activities is expected to augment the growth of the market in the years to come. Increasing preference for natural medicines over synthetic products is creating a positive impact on the growth of the market. The rising demand of attapulgite in the various end-use industries such as agriculture and pharmaceutical sectors are likely to fuel the growth of the global attapulgite market in the near future.
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However, stringent government regulation is restraining the growth of the market during the predicted period.
Global Attapulgite Market: Forecast by Regions
North America is expected to grab a significant market share in the near future. This is due to the growing demand from various applications such as pharmaceutical, oil and gas industry, and chemical industry. Europe is also likely to witnesses' substantial growth throughout the forecasted period due to the rising demand from oil and gas industries. The Asia Pacific is likely to grow at a remarkable rate due to the factors such as increasing drilling activities in the oil and gas industry, the growing construction and infrastructure activities, rapid industrialization, and the growth in the healthcare sector.
Global Attapulgite Market: Forecast by Segmentation
Based on the product type, the market is segmented into Sorptive and Colloidal. On the basis of application, the attapulgite market is further segmented into Chemical, Oil and Gas, Agriculture, forestry and animal husbandry, Food and Pharmaceutical, and Others.
Global Attapulgite Market: Leading Companies
IL Better, Active Minerals, Jiangsu Autobang, BASF (Engelhard), Jiangsu Jiuchuan, Oil-Dri, Manek Minerals, Geohellas, Cnhymc, Js-mg, and Ashapura Group are some of the key manufacturers that are functioning in the global attapulgite market.
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Global Attapulgite Market Is Estimated to Rise US$ 600 Mn by 2025 End – QY Research
Attapulgite Market report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency.