Global Attapulgite (Colloidal and Sorptive) Market Size By Type (Colloidal, Sorptive), By Application (Oil And Gas, Food And Pharmaceutical, Chemical), By Geographic Scope And Forecast
Report ID: 42346|No. of Pages: 202
Global Attapulgite (Colloidal and Sorptive) Market Size By Type (Colloidal, Sorptive), By Application (Oil And Gas, Food And Pharmaceutical, Chemical), By Geographic Scope And Forecast
Attapulgite (Colloidal and Sorptive) Market Size And Forecast
Attapulgite (Colloidal and Sorptive) Market size was valued at USD 456.20 Million in 2022 and is projected to reach USD 882.10 Million by 2030, growing at a CAGR of 8.41% from 2023 to 2030.
The growth is attributed to the increasing demand for Attapulgite (Colloidal and Sorptive) from various applications such as oil & gas, food & pharmaceuticals, chemicals, agriculture, forestry, and animal husbandry. The attapulgite market has seen steady growth, driven by increasing demand from sectors such as oil and gas, agriculture, and industrial applications. The expanding oil and gas exploration activities, along with growing awareness of environmental concerns, have contributed to the demand for attapulgite-based products in drilling fluids and environmental remediation.
>>> Get | Download Sample Report @ – https://www.verifiedmarketresearch.com/download-sample/?rid=42346
Global Attapulgite (Colloidal and Sorptive) Market Definition
Attapulgite, which is likewise recognized as Palygorskite, is a magnesium-aluminum phyllosilicate with the scientific formula (Mg,Al)2Si4O10 (OH)•4(H2O). The Attapulgite mineral naturally befalls in a sort of clay soil and it is identified as one of the examples of fuller’s earth. Attapulgite is utilized widely in medicine. Taken by mouth, it physically adheres to acids and toxic substances in the stomach and digestive tract. Additionally, as an antidiarrheal, it was supposed to work by adsorbing the diarrheal pathogen. It operates by adsorbing (binding) large quantities of bacteria and toxins and decreasing the loss of water. Attapulgite decreases the number of bowel movements, develops the consistency of loose or watery stools, and helps the gastrointestinal cramping that often is associated with diarrhea.
What's inside a VMR
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=42346
Global Attapulgite (Colloidal and Sorptive) Market Overview
Attapulgite is used in drilling mud and fluids in the oil and gas industry. It helps control fluid loss, stabilize the wellbore, and facilitate drilling operations. Also, Attapulgite can be used as a thickening and suspending agent in water-based paints and coatings, helping to improve their stability and viscosity. In ceramics, attapulgite can be used to improve plasticity and green strength in clay formulations. The growth of various industries such as oil and gas, paints and coatings, adhesives, agriculture, and personal care directly impacts the demand for attapulgite-based products. As these industries expand, the need for effective suspending agents, thickeners, and sorptive materials like attapulgite increases.
The oil and gas industry extensively uses attapulgite in drilling fluids to enhance drilling efficiency and mitigate challenges. With ongoing exploration activities and the development of unconventional oil and gas reserves, the demand for attapulgite-based products remains significant. In agriculture, attapulgite is utilized to enhance soil properties and increase crop yield. As agricultural practices evolve to improve efficiency and sustainability, the demand for attapulgite-based soil conditioners and adsorbents could rise. However, market trends can change rapidly due to technological advancements, regulatory changes, and shifts in consumer preferences.
Global Attapulgite (Colloidal and Sorptive) Market Segmentation Analysis
The Global Attapulgite (Colloidal and Sorptive) Market is Segmented on the basis of Type, Application, And Geography.
Attapulgite (Colloidal and Sorptive) Market, By Type
- Colloidal
- Sorptive
Based on Type, The market is segmented into Colloidal and sorptive. Colloidal segment accounted for the largest market share in 2022. Colloidal minerals are naturally occurring inorganic salts of alumina and silica. Attapulgite is a type of colloidal material that is made up of small particles. It is often used in oil and gas production because it can absorb oil and gas molecules from the air, making them easier to extract. Attapulgite can also be used in food and pharmaceutical production, as well as chemical production.
Attapulgite (Colloidal and Sorptive) Market, By Application
- Oil & Gas
- Food & Pharmaceutical
- Chemical
- Agriculture
- Forestry and animal husbandry
- Paints & Coatings
- Cosmetics
- Pulp & Paper
- Plastics & Rubber
- Water Treatment
- Others
Based on Application, The market is segmented into Oil & Gas, Food & Pharmaceutical, Chemical, Agriculture, forestry and animal husbandry, Paints & Coatings, Cosmetics, Pulp & Paper, Plastics & Rubber, Water Treatment, and Others. The oil & Gas segment accounted for the largest market share in 2022. The product is used as an adsorbent for heavy oil recovery which has been gaining popularity due to its ability to remove organic materials including paraffin waxes, oils, and greases along with other minerals such as sulfur compounds that are found in petroleum fluids. Food & pharmaceuticals are also anticipated to witness significant growth owing to their rising demand across various applications such as emulsifiers, thickeners/emulsification agents dispersants stabilizers Anti-Caking Agents foaming agents, etc.
Attapulgite (Colloidal and Sorptive) Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
On the basis of Regional Analysis, the Attapulgite (Colloidal and Sorptive) Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The Asia Pacific dominated the Attapulgite (Colloidal and Sorptive) Market in terms of revenue share in 2022. The region is expected to witness significant growth on account of increasing demand for silica from key industries such as construction, automotive, and consumer goods. China was one of the largest producers and consumers of attapulgite globally owing to its large reserves as well as growing demand from end-use industries.
Key Players
The “Global Attapulgite (Colloidal and Sorptive) Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Active Minerals, BASF (Engelhard), Oil-Dri, Geohellas, Js-mg, Ashapura Group, Cnhymc, Manek Minerals, Jiangsu Jiuchuan, Jiangsu Autobang, IL Better.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
Key Developments
- In 2021, Clariant announced that it has signed definitive agreements to acquire BASF’s U.S. Attapulgite business assets for USD 60 million in cash, including the signing of a long-term supply agreement for attapulgite-based products to BASF. The acquisition is subject to customary closing conditions and is expected to close in summer 2022.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into Active, Cutting Edge, Emerging, and Innovators categories.
Market Attractiveness
The image of market attractiveness provided further helps to get information about the region leading in the Global Attapulgite (Colloidal and Sorptive) Market. We cover the major impacting factors driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Attapulgite (Colloidal and Sorptive) Market, gauge the attractiveness of a particular sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2019-2030 |
| BASE YEAR | 2022 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2019-2021 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | Active Minerals, BASF (Engelhard), Oil-Dri, Geohellas, Js-mg, Ashapura Group, Cnhymc, Manek Minerals, Jiangsu Jiuchuan, Jiangsu Autobang, IL Better. |
| SEGMENTS COVERED |
|
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Top Trending Reports
Global Data Extraction Software Market Size And Forecast
Global Coil Zipper Market Size And Forecast
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
