ATTAPULGITE MARKET ANALYSIS

Attapulgite MarketSize and Trends

Market Dynamics

Factors such as are expected drive the demand for attapulgite during the forecast period. For instance, According to the International Energy Agency (IEA) report of 2021, natural gas consumption in India is predicted to increase by 25 billion cubic meters by 2024, with an average annual growth rate of 9%. Moreover, dissolved salt has no negative effect on attapulgite properties, attapulgite is used to enhance slurry volume and decrease slurry weight. Thus, for its higher suspending properties, attapulgite has a wide range of applications in salt polluted mud for offshore drilling activities, and this is expected to drive the global attapulgite market growth. Moreover, attapulgite-based suspending agents are highly compatible with fibrous, flake-type materials, and granular slurries and this is expected to drive growth of the market over the forecast period.

Market Trends

Furthermore, increasing use of the attapulgite as a thickening, gelling agent, and adhesive viscosity controller in the production of adhesives, paints, and coatings is expected to propel growth of the global attapulgite market. Attapulgite of sorptive grade is widely employed in industrial cleansers, as well as for refining agricultural chemicals, petroleum, and neutralizing oils and fats. Attapulgite technological improvements, such as the development of attapulgite-based pet litter absorbents, are also driving market growth. This attapulgite product coagulates soil and disperses odour while being environmentally beneficial.