Market Outlook
North America is anticipated to hold dominant position in the global attapulgite market, owing to rising demand for attapulgite from domestic chemical and pet waste absorbents industries in the region. The increased demand for attapulgite as a cat litter adsorbent, owing to the rising popularity of petting cats in developed countries such as the U.S., is expected to attapulgite market growth in the region. For instance, according to the 2019-2020 Nationwide Pet Owners Survey performed by the American Pet Products Association, 67% of U.S. households, or around 85 million family, own a pet. This is expected to drive attapulgite market growth by rising awareness about innovation of eco-friendly and clay mineral based fast-acting litter adsorbents, over the forecast period.
During the forecast period, Asia Pacific is expected to be the fastest emerging market. Growing medical, pharmaceutical, and cosmetics industries, as well as adoption of the Attapulgite for ferrochrome pelletizing in the Asia Pacific, are expected to drive demand for attapulgite over the forecast period.
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