Increasing investments in the agricultural sector, along with a significant increase in crop yield will continue pushing sales in the sulphur bentonite market.
A new market research report by Future Market Insights (FMI) on the sulphur bentonite market forecasts a promising growth outlook for the market during the decade-old period of projection. Demand from China would account for nearly 50% of the total market value towards the end of 2029.
Up from the global market value of US$ 188 Mn attained in 2021, sales of sulphur bentonite will observe promising growth during the forecast period, 2022 – 2029. The report opines that market growth will be primarily driven by rapid growth in demand for increased crop yield. The application will be promising in oilseeds, fruits and vegetables, cereals, pulses, crops, lawns, turf, and trees.
With cultivating land soils facing continued sulphur deficiency, it is likely that sulphur bentonite consumption will be on an upward trend through the foreseeable future. The progressing local and foreign investment scenario in agriculture will also fuel the growth of sulphur bentonite market.
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Key Takeaways – Sulphur Bentonite Market
Oilseeds to Remain Key Application Area
Based on the market analysis by application, oilseeds are projected to hold a significant value share in the global sulphur bentonite market. The use of sulphur bentonite as a fertilizer for oilseeds such as rapeseed, soybean, groundnuts, and sunflower will see significant growth over the forecast period.
This can be attributed to the increase in crop yield and oil content with the use of such fertilizers. However, the cereals, pulses, and crops segment is estimated to experience lucrative growth opportunities in the market.
The fruits and vegetables segment is estimated to grow at a high CAGR. The growing production of fruits and vegetables such as onion, garlic, ginger, and citrus fruits in the region is also projected to drive market demand. Applications such as lawns, turfs, trees, and others are projected to remain niche application segments.
Sulphur Bentonite Market – Key Vendor Insights
The report presents some of the key market players, who are known as leaders in the global sulphur bentonite market.
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Some of the prominent players operating in the global sulphur bentonite market are: –
Tiger-Sul Inc., National Fertilizer Limited, NEAIS, Coromandel International Limited, Sohar Sulphur L.L.C, Deepak Fertilizers and Petrochemicals, Coogee Chemicals Pty Ltd., H Sulphur Corp, Galaxy Sulfur, LLC, Montana Sulphur & Chemical Co., Zafaran Industrial Group Company, ABU DHABI FERTILIZER INDUSTRIES CO. W.L.L., and Devco Australia.
Sulphur Bentonite Markey by Category
By Application:
By Region:
What was the Impact of the COVID-19 Crisis on Sulphur Bentonite Market?
The impact of the COVID-19 pandemic on the chemical and materials industries was moderate. Several production facilities in many countries were entirely shut down because of the lockdown, which had a direct impact on the sales of sulphur bentonite. However, the pandemic led to a severe increase in demand for crops, vegetables, and other food-source plants.
This increase ensures that to maintain the high quality of food produced, the plant and crop sources are adequately supplied with the necessary nutrients. Hence, this saved the sulfur bentonite market from a greater drop.
As numerous production facilities have reopened, the industry is progressively rebounding from losses, resulting in positive sales prospects in the sulphur bentonite market. Increasing prospects of sulphur bentonite in oilseed applications are also expected to boost demand for the chemical in the forthcoming years.
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Frequently Asked Questions
Explore FMI’s Extensive ongoing Coverage in the Chemicals & Materials Domain
Bentonite Market: The Bentonite Market is expected to grow at a CAGR of 6.2% in the coming assessment period. The Bentonite Market has witnessed substantial growth in the last few years.
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Apr 13, 2023