North America Attapulgite Market Outlook

north america attapulgite market outlook for 2018 to 2032 provides key insights into the market landscape, key players, and emerging trends for the next decade. attapulgite, also known as palygorskite, is a highly absorbent hydrated magnesium aluminum silicate clay. it has unique physico-chemical properties such as adsorption, rheology control, and binding that make it an ideal raw material for use in industrial applications. north america has seen a steady increase in demand for attapulgite, driven by its medical, environmental, and industrial applications. the north american attapulgite market is estimated to be valued at approximately us$ 2.3 billion in 2018 and is anticipated to register a stable growth rate of about 4-5% during the forecast period. this growth is primarily driven by the rising demand for these minerals in medical and pharmacological applications. furthermore, the region’s rapidly developing chemical industry is likely to boost the need for attapulgite in the years to come. there are various application areas where the demand for north american attapulgite is anticipated to grow. it is mainly used for the removal of toxic metals in medical and environmental applications. in addition, its ability to absorb water makes it suitable for use in oral care products. in the industrial sector, its adsorption and rheology control properties make it suitable for use in drilling fluids and drilling codes. the north american attapulgite market is served by a large number of attapulgite producers, mainly based in the us. major suppliers are excalibur resources ltd., imerys refractory minerals, palygorskite minerals, and l.b. minerals inc. these companies are ramping up their production capacities to meet the rising demand for attapulgite. the market is also witnessing the emergence of various suppliers who are offering high-quality products at competitive prices. the market outlook for north america attapulgite looks promising for the coming years. growing demand from the medical, environmental, and industrial applications is expected to drive the market and boost the production of attapulgite in the region. furthermore, the expansion of the chemical industry is likely to drive the need for attapulgite in the region in the years to come.