Russia Attapulgite Market Size & Outlook, 2024-2030
Russia attapulgite market, 2018-2030 (US$M)
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Russia attapulgite market highlights
- The Russia attapulgite market generated a revenue of USD 3.4 million in 2020 and is expected to reach USD 4.6 million by 2027.
- The Russia market is expected to grow at a CAGR of 4.4% from 2021 to 2027.
- In terms of segment, oil & gas was the largest revenue generating end-use in 2020.
- Chemicals is the most lucrative end-use segment registering the fastest growth during the forecast period.
Attapulgite market data book summary
| Market revenue in 2020 | USD 3.4 million |
| Market revenue in 2027 | USD 4.6 million |
| Growth rate | 4.4% (CAGR from 2020 to 2027) |
| Largest segment | Oil & gas |
| Fastest growing segment | Chemicals |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oil & Gas, Fertilizer & Agrochemicals, Chemicals, Pet Waste Absorbents |
| Key market players worldwide | Basf SE, Oil-Dri Corp of America, Hudson Resources, TOLSA, Active Minerals International, Geohellas, GRUPO SAMCA, Sepiolsa, G&W Laboratories |
Other key industry trends
- Country-wise, Japan is expected to lead the global market in terms of revenue in 2027.
- In Europe, Spain attapulgite market is projected to lead the regional market in terms of revenue in 2027.
- Russia is the fastest growing regional market in Europe and is projected to reach USD 4.6 million by 2027.
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Attapulgite Market Scope
Attapulgite Market Companies
| Name | Profile | # Employees | HQ | Website |
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Russia attapulgite market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to attapulgite market will help companies and investors design strategic landscapes.
Oil & gas was the largest segment with a revenue share of 35.29% in 2024. Horizon Databook has segmented the Russia attapulgite market based on oil & gas, fertilizer & agrochemicals, chemicals, pet waste absorbents covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of attapulgite market in Russia is primarily fueled by domestic oil & gas sector. The use of the product in drilling operations in Russia is likely to account for a majority of its usage. However, increasing threat from substitutes is likely to remain a key factor limiting attapulgite market growth in Russia.
The domestic oil production in Russia observed a steady climb since 2017 as seen in the graph below. However, the emergence of coronavirus coupled with crashing oil prices is likely to halt the oil production growth in FY 2020. In addition, oil output in the country is likely to plummet by nearly 15% by the end of this financial cycle. This is likely to indirectly have a positive impact on the consumption volume of attapulgite in the country over the short term.
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Horizon Databook provides a detailed overview of country-level data and insights on the Russia attapulgite market , including forecasts for subscribers. This country databook contains high-level insights into Russia attapulgite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia attapulgite market size, by end-use, 2018-2030 (US$M)
Russia Attapulgite Market Outlook Share, 2024 & 2030 (US$M)
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