The Global Sulphur Bentonite Market size was valued at USD 110.72 Million in 2022 and is expected to surpass USD 180.80 Million by 2031, expanding at a CAGR of 5.6% during the forecast period, 2023 – 2031. The market growth is attributed to high demand for fertilizers for crop production. Sulphur bentonite is a substance that represents one of the important constituents of amino acids, used majorly to increase the metabolic functions of plants.
It is a key substance used in the preparation of fertilizers, which can improve the potency of many alternative nutrients that are crucial for crop yield. The deficiency of sulphur in the plants primarily lead to delay in the growth of the plants and can affect the entire level of the crop production. However, Sulphur bentonite is also used in various applications such as the drilling purposes in the oil and gas industry, treatment of waste management in the manufacturing industry, and for beverages and chemical products.
Sulphur Bentonite Market Trends, Drivers, Restraints, and Opportunities
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High need for good yield of agricultural products to meet the increasing demand for foods across the globe is projected to boost the market during the forecast period.
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Rising awareness about the benefits of fertilizers in the crop yield among a large number of farmers present another key driver of the market.
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Favorable governments’ policies of different countries that focus on the high production of different types of crops and allocation of various agricultural subsidies are key factor boosting the market.
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High fluctuation in the cost of raw materials and side-effects in the consumption of crops using fertilizers are major hurdles, projected to restrain the market growth during the forecast amount.
Scope of Sulphur Bentonite Market Report
The report on the global sulphur bentonite market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Sulphur Bentonite Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base year
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2022
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Historic data
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2016-2021
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Forecast Period
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2023-2031
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Segmentation
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Product Types (Sulphur-85%, Sulphur-90%, and Others) and Applications (Cereals & Crops, Oilseeds, Fruits & Vegetables, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast.
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Key players covered in the report
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NEAIS; Sohar Sulfur Fertilizers; Abu Dhabi Fertilizer Industries; Coogee Chemicals; Indian Farmers Chemical Cooperative Ltd.; Coromandel International Ltd.; Aries (Amarak Chemicals); Tiger-Sul; National Sulfur Fertilizer; National Fertilizer Ltd.; H Sulfur House; DFPCL; Zafaran Industrial Cluster; and Devco Australia.
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Global Sulphur Bentonite Market Segment Insights
Sulphur-90% segment to expand at a high CAGR
Based on product types, the global sulphur bentonite market is segmented into sulphur-85%, sulphur-90%, and others. Among these segments, the sulphur-90% segment is projected to expand at a considerable CAGR during the forecast period. The expected growth is often attributed to the intensive utilization of this product type as a key component for sulphur content.
Oilseeds segment to account for an enormous market share
In terms of applications, the market is fragmented into cereals & crops, oilseeds, fruits & vegetables, and others. The oilseeds segment is projected to account for an enormous market share in the coming years due to wide use of the fertilizer in oilseeds farming and production. Moreover, the rising demand for quality seeds among farmers presents another key driver of the segment.
On the other hand, the fruits & vegetables segment is anticipated to expand a high growth rate during the targeted period owing to the high demand for fruits and vegetables across the globe.
North America to dominate the market
Based on the regions, the global sulphur bentonite market is categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to dominate the market during the projected period as it has been a major producer of wide range of crops and vegetables.
The region has received a large purchase of sulphur bentonite fertilizers over the past few years for the application in the crop productivity, particularly for plants such as soybean. However, the market of Asia Pacific is expected to register a health growth rate during the forecast period due to large agriculture practices, rising awareness of farmers, and wide government subsidies for farmers in some of key economies such as India and China.
Segments
Product Types
- Sulphur-85%
- Sulphur-90%
- Others
Applications
- Cereals & Crops
- Oilseeds
- Fruits and Vegetables
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- NEAIS
- Sohar Sulfur Fertilizers
- Abu Dhabi Fertilizer Industries
- Coogee Chemicals
- Indian Farmers Chemical Cooperative Ltd.
- Coromandel International Ltd.
- Aries (Amarak Chemicals)
- Tiger-Sul
- National Sulfur Fertilizer
- National Fertilizer Ltd.
- H Sulfur House
- DFPCL
- Zafaran Industrial Cluster
- Devco Australia
Competitive Landscape
Key players competing in the global sulphur bentonite market are NEAIS; Sohar Sulfur Fertilizers; Abu Dhabi Fertilizer Industries; Coogee Chemicals; Indian Farmers Chemical Cooperative Ltd.; Coromandel International Ltd.; Aries (Amarak Chemicals); Tiger-Sul; National Sulfur Fertilizer; National Fertilizer Ltd.; H Sulfur House; DFPCL; Zafaran Industrial Cluster; and Devco Australia.
These players are engaged in product launches, mergers & acquisitions, and contracts & collaborations to deliver effective products and superior products, supporting market laws, and higher consumer satisfaction.
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