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
- Agriculture
- Paints & coatings
- Medical & pharmaceutical
- Others (Including chemical, paper and cosmetics)
Attapulgite
Market - Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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