25-Sep-2020 | Zion Market Research
As per the researchers at Zion Market Research, the valuation of the global sulfur bentonite market in 2018 was around USD 87. 99 million and is anticipated to attain a value of about USD 129.75 million by 2025, registering around 5.7% CAGR during the forecast period. Few of the prominent players within the global sulfur bentonite market include Tiger Sul, H Sulfur Corp., Coromandel International, Devco Australia, National Fertilizer Limited, Deepak Fertilizers, and Coogee Chemicals, among others. The global market is considerably spirited with some top players capturing the greater market share. The prominent contenders like Devco Australia, Coromandel International, and Tiger Sul, among others, are constantly spending in R&D to enhance the quality of the product. Also, these firms have a well-built grip along with well-recognized and better-established brands & products, which makes it hard for the new entrants to race in the market.
Increasing Sulfur Demand Likely To Drive The Growth Of Global Sulfur Bentonite Market
The increasing sulfur demand is the major factor fueling the need for sulfur bentonite to be used as fertilizers. The demand arises from the requirement for enhancing the agricultural yield of numerous kinds of plants. Furthermore, the rising commercialization of sulfur-entailing fertilizers is projected to fuel the expansion of the sulfur bentonite market in the years to come. In addition, the increasing espousal of upstream sulfur bentonite mixing solutions is also projected to drive the market growth during the upcoming period. Moreover, the rising emphasis of several governments of numerous nations on sulfur-based fertilizers is anticipated to generate lucrative opportunities for the manufacturers. In the past few years, numerous sulfur-based fertilizer producers have been highlighting on reinforcing their production capacities so as to fulfill the existing and rising range of demand from the end-users around the world. This is a key trend boosting the growth of the sulfur bentonite market. Also, continuous progressions in production processes are anticipated to drive the sulfur bentonite market growth during the forecast period.
By Application, Oilseed Segment Expected To Hold Highest Market Share
Based on application, the oilseeds segment of the global sulfur bentonite market held the highest market share in 2018. It aids in the creation of sulfhydryl linkage within the oilseeds that is a significant source of tanginess in oils, thus enhancing the overall quality and quantity of the seeds produced. Nonetheless, the fruits and vegetables segment is also projected to exhibit considerable growth, in terms of volume, during the assessment period.
North America Projected To Rule The Global Market During The Forecast Period
Geographically, North America is a major consumer and producer of the sulfur bentonite. This regional expansion can be credited to the rising use of sulfur bentonite fertilizers to enhance the productivity of the crops, mainly for plants like soybean. In addition, developing Asia Pacific regions are also projected to exhibit considerable growth during the forecast period. A huge fraction of this expansion is fueled by the vital steps taken in agriculture practices with the aim of optimizing the production of food crops.
Browse the full “Global Sulfur Bentonite Market -By Application (Fruits & Vegetables, Cereals & Crops, Oilseeds, And Others) And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/sulphur-bentonite-market
The global sulfur bentonite market is segmented as follows:
By Application
By Region
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