Sulphur Bentonite Market by Product Types (Sulphur-85%, Sulphur-90%, and Others), Applications (Cereals & Crops, Oilseeds, & Fruits & Vegetables, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecasts, 2023-2031
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.
Attributes |
Details |
Report Title |
Sulphur Bentonite Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base year |
2022 |
Historic data |
2016-2021 |
Forecast Period |
2023-2031 |
Segmentation |
Product Types (Sulphur-85%, Sulphur-90%, and Others) and Applications (Cereals & Crops, Oilseeds, Fruits & Vegetables, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast. |
Key players covered in the report |
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. |
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.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sulphur Bentonite Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Sulphur Bentonite Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sulphur Bentonite Market - Supply Chain
4.5. Global Sulphur Bentonite Market Forecast
4.5.1. Sulphur Bentonite Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sulphur Bentonite Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Sulphur Bentonite Market Absolute $ Opportunity
5. Global Sulphur Bentonite Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Sulphur Bentonite Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Sulphur Bentonite Demand Share Forecast, 2019-2026
6. North America Sulphur Bentonite Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Sulphur Bentonite Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Sulphur Bentonite Demand Share Forecast, 2019-2026
7. Latin America Sulphur Bentonite Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Sulphur Bentonite Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Sulphur Bentonite Demand Share Forecast, 2019-2026
8. Europe Sulphur Bentonite Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Sulphur Bentonite Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Sulphur Bentonite Demand Share Forecast, 2019-2026
9. Asia Pacific Sulphur Bentonite Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Sulphur Bentonite Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Sulphur Bentonite Demand Share Forecast, 2019-2026
10. Middle East & Africa Sulphur Bentonite Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Sulphur Bentonite Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Sulphur Bentonite Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Sulphur Bentonite Market: Market Share Analysis
11.2. Sulphur Bentonite Distributors and Customers
11.3. Sulphur Bentonite Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. NEAIS
11.4.2. Sohar Sulfur Fertilizers
11.4.3. Abu Dhabi Fertilizer Industries
11.4.4. Coogee Chemicals
11.4.5. Indian Farmers Chemical Cooperative Ltd.