U.S. Attapulgite Market Size & Outlook, 2024-2030
U.S. attapulgite market, 2018-2030 (US$M)
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U.S. attapulgite market highlights
- The U.S. attapulgite market generated a revenue of USD 118.6 million in 2020 and is expected to reach USD 172.7 million by 2027.
- The U.S. market is expected to grow at a CAGR of 5.5% 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 118.6 million |
| Market revenue in 2027 | USD 172.7 million |
| Growth rate | 5.5% (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
- In terms of revenue, U.S. accounted for 0.8% of the global attapulgite market in 2020.
- Country-wise, Japan is expected to lead the global market in terms of revenue in 2027.
- In North America, U.S. attapulgite market is projected to lead the regional market in terms of revenue in 2027.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 172.7 million by 2027.
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Attapulgite Market Scope
Attapulgite Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 29.85% in 2024. Horizon Databook has segmented the U.S. 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 U.S. constituted a volume share of 92.5% in the regional attapulgite marketspace in 2019. As seen from the figure provided below, the steady climb in the domestic oil production played a key role in supporting the dynamics of attapulgite industry in the U.S. The product is used as an additive and in the formulation of drilling mud, which remained a key application category within the domestic oil & gas industry.
The country’s oil production increased from nearly 11,801 thousand barrels per day in 2014 to 17,045 thousand barrels per day in 2019. Another key end-use industry, which is projected to play a key role in promoting attapulgite market growth in the U.S. is the regional chemical industry. The use of attapulgite clay to formulate value added products is likely to gain prominence over the coming years.
The use of the product as an additive in the formulation of adhesives, paints, and coatings is likely to gain popularity over the forecast period. The growth in production of these aforementioned chemical categories is likely to positively aid the growth of attapulgite market in the U.S.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. attapulgite market , including forecasts for subscribers. This country databook contains high-level insights into U.S. attapulgite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. attapulgite market size, by end-use, 2018-2030 (US$M)
U.S. Attapulgite Market Outlook Share, 2024 & 2030 (US$M)
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