A new market research report by Future Market Insights (FMI) on the sulphur bentonite market forecasts a promising growth outlook for the market during the decade-old period of projection. Demand from China would account for nearly 50% of total market value towards the end of 2029.
Up from the global market value of US$ 188 Mn attained in 2021, sales of sulphur bentonite will observe promising growth during the forecast period, 2022 – 2029. The report opines that market growth will be primarily driven by rapid growth in demand for increased crop yield. Application will be promising in oilseeds, fruits and vegetables, cereals, pulses, crops, lawns, turf, and trees.
With cultivating land soils facing continued sulphur deficiency, it is likely that sulphur bentonite consumption will be on an upward trend through the foreseeable future. The progressing local and foreign investment scenario in agriculture will also fuel the growth of sulphur bentonite market.
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Key Takeaways – Sulphur Bentonite Market
- Sulphur bentonite remains among the most intense sulphur carriers that helps in boosting crop yield and field productivity.
- Sulphur bentonite is widely used as a fertilizer for numerous crops, cereals, vegetables such as oil seeds, rice, corn, onion, and citrus fruits.
- Growing concerns regarding balanced plant nutrition and a significant increase in production and crop yield with the use of sulphur bentonite are projected to create traction in the market.
- Asia Pacific (APAC) will hold a significant value share in global sulphur bentonite market, owing to the large agricultural base in the region.
- China’s supremacy would further continue to solidify the position of APAC as an attractive market.
Oilseeds to Remain Key Application Area
Based on the market analysis by application, oilseeds are projected to hold significant value share in global sulphur bentonite market. The use of sulphur bentonite as a fertilizer for oilseeds such as rapeseed, soybean, groundnuts, and sunflower will see significant growth over the forecast period.
This can be attributed to the increase in crop yield and oil content with the use of such fertilizers. However, the cereals, pulses, and crops segment is estimated to experience lucrative growth opportunities in the market.
The fruits and vegetables segment is estimated to grow at a high CAGR. The growing production of fruits and vegetables such as onion, garlic, ginger, and citrus fruits in the region is also projected to drive the market demand. Applications such as lawns, turfs, trees, and others are projected to remain niche application segments.
Sulphur Bentonite Markey by Category
- Cereals, Pulses, and Crops
- Fruits and Vegetables
- Lawn, Turfs, Trees and Others
Sulphur Bentonite Market – Key Vendor Insights
The report presents some of the key market players, who are known as leaders in the global sulphur bentonite market. Some of the prominent players operating in the global sulphur bentonite market are: –
Tiger-Sul Inc., National Fertilizer Limited, NEAIS, Coromandel International Limited, Sohar Sulphur L.L.C, Deepak Fertilizers and Petrochemicals, Coogee Chemicals Pty Ltd., H Sulphur Corp, Galaxy Sulfur, LLC, Montana Sulphur & Chemical Co., Zafaran Industrial Group Company, ABU DHABI FERTILIZER INDUSTRIES CO. W.L.L., and Devco Australia.
What was the Impact of COVID-19 Crisis on Sulphur Bentonite Market?
The impact of the COVID-19 pandemic on the chemical and materials industries was moderate. Several production facilities in many countries were entirely shut down because of the lockdown, which had a direct impact on sales of sulphur bentonite. However, the pandemic led to a severe increase in demand for crops, vegetables, and other food-source plants.
This increase ensures that in order to maintain the high quality of food produced, the plant and crop sources are adequately supplied with the necessary nutrients. Hence, this saved the sulphur bentonite market from a greater drop.
As numerous production facilities have reopened, the industry is progressively rebounding from losses, resulting in positive sales prospects in the sulphur bentonite market. Increasing prospects of sulphur bentonite in oilseed applications are also expected to boost demand for the chemical in the forthcoming years.
Frequently Asked Questions
- What is the current Sulphur Bentonite market value?
- At what rate did the Sulphur bentonite market grow between 2014 and 2021?
- What are the key trends driving Sulphur Bentonite sales?
- What will be the demand outlook for Sulphur Bentonite market in China?
- What will be Sulphur Bentonite’ market share in North America?
- What is the anticipated market share of US in the Global Sulphur Bentonite market?
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