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Attapulgite Market Intelligence Report Offers Insights on Growth Prospects 2022–2027

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Attapulgite is a type of clay mineral, consisting of magnesium aluminium phyllosilicate with very high absorption capacity. Attapulgite has been used in several industries for many years due to its superior absorbing abilities.

Attapulgite Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2022 to 2027. It also offers accurate overview of the growth strategies, market size, mergers acquisitions, and upcoming products/services of leading key players in this market.

Market Insights

The report analyses the market thoroughly and collects data in order to offer reliable data to the users. Attapulgite Market is estimated to grow at a decent CAGR of 7.5% during the forecast period, due to increasing drilling activities, growing construction and oil gas industries.

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Market Drivers

The oil gas industry was under immense pressure in the wake of weak economic growth, the oil price war between Russia and Saudi Arabia, and low crude oil prices. The outbreak of the COVID-19 pandemic decreased the demand for oil products. As a result, the industry recorded a decline in the year 2020. The impact of COVID-19 on the attapulgite market was minimal and has sustained during the course of the pandemic, as the product has a wide range of applications and is used in a variety of industries ranging from pharmaceuticals to agricultural products to chemicals.

In addition, the increase in demand for attapulgite from various industrial applications, especially oil gas, is the major factor expected to fuel the growth of the attapulgite market over the forecast period. Additionally, increase in investment for infrastructure development, rapid industrialization, increasing RD activities, and advancements in drilling technologies are further likely to drive the market growth in the coming years.

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