ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has recently published a research document “Attapulgite Market for Cat Litter Absorbent, Oil & Gas, Agriculture, Paints & Coatings, Medical & Pharmaceutical and Other End-use Industries - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”. The largest end user for global attapulgite market is the cat litter segment. It held more than 60% of the global market’s share and is expected to maintain its dominance over the forecast period of 2014 to 2020. The report examines growth drivers and restrains closely.
The second-fastest growth rate in the global attapulgite market is attributed to the pharmaceutical and medical segment. With increasing number of consumer switching to naturally derived products from the current synthetic ones, the attapulgite market seems to be on a positive streak.
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Geographically, the North American region has led the global attapulgite market in 2013, with a 35% market share. The abundance of Fuller’s earth rich in attapulgite can be found across North America, thereby giving the region a huge boost in production, consumption, and export. Another factor that acts in favor of the attapulgite market in North America is the increasing restriction on use of synthetic chemicals to protect the environment from the pollution of their manufacture and disposal.
Meanwhile, the segment of end users that require colloidal grade attapulgite has become the fastest growing segment in the global attapulgite market. The list of end users includes oil and gas, chemicals, paints and coatings, and cosmetics. The segment offers a broad spectrum of applications including sealants, adhesives, drilling mud, caulk, animal feed, liquid pesticide, suspension fertilizers, and liquid detergents. Their primary objective is to provide suspension, binding, and reinforcement.
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