Factors behind $180mn Asia Pacific Attapulgite Market (2019-2024) : Graphical Research

Asia Pacific Attapulgite Market crossed USD 95mn in 2017 and is projected to rise at a CAGR of over 9.6% from 2018 to 2024, prominent growth drivers are increase drilling activities all over the globe & growing demand for cat litter absorbent in developed countries

India - October 18, 2019 /MarketersMedia/ —

According to the Graphical Research new growth forecast report titled “Asia Pacific Attapulgite Market analysis based on Product, End-User, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024”, estimated to exceed USD 180 million by 2024. Attapulgite market will be highly driven by the growing demand for binding, suspending and stabilizing agents in agricultural sector across the Asia Pacific region by 2024. The product is extensively used in agricultural sector as binding agent for fertilizers, as a carrier in wettable granules for agrochemicals such as herbicides and pesticides. Huge agrarian economies in this region such as India, China and Indonesia will generate notable market for attapulgite-based agrochemicals in future years.

Request for a sample of this report @ https://www.graphicalresearch.com/request/1009/sample

Attapulgite (palygorskite) has exceptional absorption qualities and can absorb up to 200% of its own weight in water owing to its porous structure, lesser density and laminar granules. The product features including: quick solidification after wetting, removal of foul smell and the prevention of bacterial growth makes it an ideal raw material to manufacture pet litter absorbents, especially for indoor animals such as cats and dogs. Additionally, the product helps to restrict the bacteria growth with the help of antibacterial agents and also reduce the dust content. These factors will strongly support palygorskite market growth in forecast timeframe

Colloidal grade will grow with a CAGR exceeding 10% over the forecast period. The product is mainly used to form gel structures in fresh and salty waters. This makes it suitable for the several industrial applications which include binding, suspension, absorbent and reinforcement.

Cat litter absorbents segment led Asia Pacific attapulgite market with a substantial share above 30% in 2017. China is reportedly the second-ranking country in terms of cat ownership and the country’s pet industry is likely to witness a substantial growth in the next seven years. Such trends will positively influence the product demand for producing cat litter absorbents by 2024.

Some significant industry participants include: Ashapura Group, Manek Group, Xuyi Botu Attapulgite, MinTech International, Jaxon Filtration, etc. These small and medium contributors accounted for over 25% of the overall attapulgite market in 2017. Discovery of vast reserves of palygorskite in Xuyi province in China with 890 million tons followed by the government efforts to exploit it, Asia Pacific Attapulgite market will witness robust potential by 2024.

Browse key industry insights along with Table of Content @ https://www.graphicalresearch.com/industry-insights/1009/APAC-attapulgite-market

Segments We Cover:

Asia Pacific Attapulgite Market By Product

Colloidal grade
Sorptive grade

Asia Pacific Attapulgite Market By End-user

Cat litter absorbent
Oil & gas
Agriculture
Paints & coatings
Medical & pharmaceutical
Others

Related Reports:

Asia Pacific Marine Coatings Market : https://www.marketwatch.com/press-release/asia-pacific-marine-coatings-market-is-projected-to-witness-a-lucrative-growth-of-12bn-by-2024-2019-10-16

Europe Pp Polypropylene Nonwoven Fabrics Market : https://www.marketwatch.com/press-release/europe-pp-polypropylene-nonwoven-fabrics-market-analysis-by-2024-top-players-2019-10-17

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

Contact Info:
Name: Parikhit B.
Email: Send Email
Organization: Graphical Research
Website: https://www.graphicalresearch.com/industry-insights/1009/APAC-attapulgite-market

Source URL: https://marketersmedia.com/factors-behind-180mn-asia-pacific-attapulgite-market-2019-2024-graphical-research/88928966

Source: MarketersMedia

Release ID: 88928966

More News From Biz Daily Online

Asian stocks gain after US, China announce truce on tariffs

Nov 13, 2019

BEIJING — Asian stock markets have risen after Washington and Beijing announced a truce on tariff hikes in a trade war. Benchmarks in Shanghai, Hong Kong and Seoul advanced. Japanese markets were closed for a holiday. President Donald Trump agreed Friday to put off planned tariff hikes this week on Chinese goods in a fight over Beijing's trade surplus and technology plans. In exchange, he said China would buy American farm goods. But the two sides reported no progress on basic disputes that sparked the 15-month-old fight that threatens global economic growth. Friday's truce "has simply temporarily halted the escalation...

Stocks mixed, oil down as markets await news on Saudi plant

Nov 13, 2019

BANGKOK — World shares were mixed on Tuesday and oil prices eased back pending updates on restoring output at a Saudi Aramco oil processing plant damaged by an attack over the weekend. Chinese benchmarks led declines in Asia after the credit ratings agency Moody's downgraded Hong Kong, citing its recent political turmoil. Germany's DAX lost 0.2% to 12,362 after the ZEW index showed a drop in investor confidence in current economic conditions, pointing to the possibility of a brief recession, but sees a pick-up later in the year. The CAC 40 in Paris added 0.1% to 5,607 and the FTSE...

HK stocks surge on withdrawal of law that sparked protests

Nov 13, 2019

BEIJING — Hong Kong stocks surged Wednesday as the government withdrew a proposed extradition law that sparked three months of protests in the Chinese territory. Hong Kong's benchmark Hang Seng index jumped 3.9% on news of plans for the withdrawal, which Chief Executive Carrie Lam confirmed after markets closed. The protests have disrupted travel, adding to pressure from weakening global trade. Elsewhere, benchmarks in London, Frankfurt, Shanghai and Tokyo rose following surprise weakness in U.S. manufacturing as Britain's Parliament fought over plans to leave the European Union. In early trading, London's FTSE 100 gained 0.8% to 7,326.65 and Frankfurt's DAX...

Asian stocks mixed after US, China impose new tariff hikes

Nov 13, 2019

BEIJING — Asian stocks were mixed Monday after Washington and Beijing escalated their trade war with new tariff hikes. Shanghai and South Korea advanced while Tokyo and Hong Kong declined. Markets reacted less strongly to the weekend tariff hikes on billions of dollars of goods than to previous increases. Investors are hoping for progress in talks this month, but analysts warn the fight over trade and technology is unlikely to be quickly resolved. "The short-lived truce will probably provide limited relief," said Zhu Huani of Mizuho Bank in a report. "Businesses have become increasingly uncertain about future prospects, evidenced by...

Global stocks higher ahead of US Fed chairman's speech

Nov 13, 2019

BEIJING — Global stock markets rose Friday after Wall Street declined ahead of a closely watched speech by the U.S. Federal Reserve chairman. Market benchmarks in London, Frankfurt, Shanghai and Tokyo all advanced. Investors are looking to Jerome Powell's speech Friday for signs of direction on interest rates after two regional Fed presidents said they see no need for a change. Investors expect a cut in September, the Fed's second in three months, to shore up U.S. economic growth amid a tariff war with Beijing and weakening global growth. "Markets seem very clearly positioned for some very dovish guidance from...

About Us

Biz Daily Online gives a complete understanding of the world of business to you. Get today’s business news and learn about the trends that are affecting every business here.

Contact us: sales[at]bizdailyonline.com

Subscribe Now!