Sulphur Bentonite market is estimated to witness a growth rate of 5.3% over the forecast period. The rising worldwide need for sulfur is driving the demand for sulfur bentonite fertilizers. – ChemView Consulting Analyst.
According to a research analysis conducted by ChemView Consulting, in 2022, the worldwide sulfur bentonite market was worth US$ 186.7 Million. It is expected to grow at a CAGR of 5.3% over the forecast period. The market is expected to hit US$ 282.2 Million by 2030 end.
Increased agricultural investments and a significant increase in crop production will continue to drive sales in the sulfur bentonite industry. Sulfur bentonite is a micronutrient that is one of the essential components of amino acids. It is primarily used to improve plant metabolic activities. It also boosts the effectiveness of a slew of other critical nutrients for high crop yields.
Global Sulphur Bentonite Market 2022-2030: Report Coverage and Highlights
- Detailed information on factors that will assist Global Sulphur Bentonite growth during the next 8 years
- Assessment of the historical and current Global Sulphur Bentonite market size (2016-2020), market projections (2022-2030), and its contribution to the parent market
- The growth of the Global Sulphur Bentonite across North America, Europe, East Asia, South Asia & Pacific, Latin America, and Middle East, and Africa
- Segment-wise, country-wise, and region-wise market analysis
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
For More Details Visit Our Report Page: https://chemviewconsulting.com/reports/sulphur-bentonite-market/
Key Takeaways
By Application: Over the projection period, sales of sulfur bentonite for use in cereals, pulses, and crops are predicted to increase at a rate of 5.3%. Because of the usage of sulfur bentonite, crop yields in cereals such as corn, rice, and wheat have steadily increased, and this trend is likely to continue in the projection future.
The oilseeds category is expected to provide an absolute dollar potential of more than US$ 30 Mn between 2022 and 2030, accounting for over a third of the worldwide sulfur bentonite market.
By Region: North America holds a significant market share in the sulfur bentonite market, with an expected growth rate of 4.1% between 2022 and 2030. The increased uptake of sulfur bentonite fertilizers to enhance agricultural production, particularly for plants like soybean, has given the regional market much impetus during the last several years.
India is expected to have a 23.3% market share in the Asia Pacific sulfur bentonite. It is one of the leading agricultural countries, with numerous essential firms such as Coromandel International Limited and National Fertilizer Limited.
Competition Summary
The global market is significantly competitive, with few major companies holding the majority share in the market. To remain competitive in the industry, key market players are investing in expanding their market footprint.
Several vital players invest a fair share of their revenue in research and development to boost their product portfolio. Market participants focus on technological development and utilizing a product in several applications.
Key companies covered in the market study: Coromandel International, H Sulphur Corp, Tiger Sul Products LLC, Devco Australia Holdings, Coogee Chemicals, National Fertilizer Ltd, Deepak Fertilisers & Petrochemicals Corporation Ltd, Aries (Amarak Chemicals), National Fertilizer Limited (NFL), DFPCL
Global Sulphur Bentonite Market Segmentation
By Product Types:
- Sulphur-90%
- Sulphur-85%
- Others
By Application:
- Oilseeds
- Cereals, Pulses, and Crops
- Fruits and Vegetables
- Lawn, Turfs, Trees, and Others
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
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