Sulfur Bentonite Market Size Worth $130.58 Million By 2025 | CAGR 5.6%: Grand View Research, Inc.

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Nov 27, 2019, 04:35 ET

SAN FRANCISCO, Nov. 27, 2019 /PRNewswire/ -- The global sulfur bentonite market size is projected to reach USD 130.58 million by 2025, registering a CAGR of 5.6% over the forecast period, according to a new report published by Grand View Research, Inc. Growing deficiency of the sulfur in soil is expected to drive the consumption of sulfur bentonite in agriculture sector globally.

Key suggestions from the report:

Fruits and vegetables application accounted for a volume share of 21.9% in 2018 and is expected to witness the fastest growth over the forecast period
Asia Pacific was the largest market for sulfur bentonite, accounting for 29.7% share, by revenue, in 2018. It is expected to expand at a CAGR of 6.2% from 2019 to 2025
Major companies operating in the market continuously invest in R&D to improve the product quality. These companies have a strong foothold and better established and well recognized brands which make it difficult for the new players to compete in the market
In 2017, Coromandel International Limited expanded its phosphoric acid production capacity by 300 tons per day and the capacity of other auxiliary facilities located at Sriharipuram to 9,900 tons per day

Read 78 page research report with ToC on "Sulfur Bentonite Market Size, Share & Trends Analysis Report By Application (Oilseeds, Cereals & Crops, Fruits & Vegetables), By Region, And Segment Forecasts, 2019 - 2025'' at: https://www.grandviewresearch.com/industry-analysis/sulfur-bentonite-market

The market is mainly driven by increasing concerns regarding poor sulfur content in the soil. Sulfur produces chlorophyll in plants, which is essential for absorbing nutrients through the process of photosynthesis. It also accelerates biochemical reactions in plants through the activation of enzymes to boost their immunity. Bentonite is used as a binding agent during product manufacturing and acts as a dispersing agent after the addition of the fertilizer to the soil. It aids in soil improvement by refining physical properties, strong water and nutrient retention capacity, and by the absorption of toxic elements.

Oilseeds application led the Sulfur bentonite market with a volume share of 45.2% in 2018. The product helps the formation of sulfhydryl linkage in oil seeds, which is an important source of pungency in oils, hence improving the overall quantity and quality of the seeds produced. However, fruits and vegetables segment is anticipated to witness a lucrative CAGR of 5.1%, in terms of volume, over the forecast period.

The market value chain is characterized by the integration of players across diverse stages, majorly product manufacturers and end users, which results in the continuous supply of raw materials and lower cost of manufacturing. Companies such as Tiger-Sul, Montana Sulphur & Chemical Co., Coromandel International, and Devco Australia are integrated across the value chain. These companies manufacture various grades of sulfur bentonite fertilizer for global distribution.

Grand View Research has segmented the global sulfur bentonite market based on application and region:

Sulfur Bentonite Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

Oilseeds
Cereals and Crops
Fruits and Vegetables
Others

Sulfur Bentonite Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

North America

U.S.
Canada
Mexico

Europe

Germany
U.K.
France

Asia Pacific

Japan
China
India

Latin America

Brazil
Argentina

Middle East & Africa

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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