A new market research report by Future Market Insights (FMI) on the Sulphur Bentonite Market predicts promising growth prospects for the market over the projection period of each one of them. Chinese demand would account for almost 50% of the total market value by the end of 2029.
Starting from the global market value of US$188 million reached in 2021, sales of sulfur bentonite will see promising growth in forecast period 2022 – 2029. The report opines that the growth of the market is primarily driven by a rapidly growing demand for higher-yielding crops. The application shows promise in oilseeds, fruits and vegetables, grains, legumes, field crops, grass, turf and trees.
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Key Points: Sulfur Bentonite Market
- Sulphur bentonite remains one of the most important carriers of intense sulfur compounds contributing to the increase in crop yields and field productivity.
- Sulfur bentonite is widely used as a fertilizer for many crops, grains, vegetables such as oilseeds, rice, corn, onions and citrus.
- Cultivation Concerns about balanced plant nutrition and a significant increase in crop production and yield from the use of Sulfur Bentonite are expected to provide traction in the market.
- The Asia Pacific (APAC) region will hold a significant share of the global sulfur bentonite market due to the large agricultural base in the region.
- China’s supremacy would give it the position of APAC as an attractive market.
As farmland continues to face sulfur shortages, consumption of sulfur bentonite is likely to increase in the foreseeable future. The progress scenario of local and foreign investment in agriculture will also impel Sulfur Bentonite market growth.
Oilseeds will remain an important application area
Based on market analysis by application, oilseeds are expected to hold a significant value share of the global sulfur bentonite market. The use of sulfur bentonite as a fertilizer for oilseeds such as canola, soybean, peanut and sunflower is expected to increase significantly over the forecast period.
This is due to the increase in crop yield and oil grade with the use of such fertilizers. However, the Grains, Legumes and Crops segment is estimated to offer lucrative growth opportunities in the market.
The Fruits and Vegetables segment is expected to grow at a high CAGR. Increasing production of fruits and vegetables such as onions, garlic, ginger and citrus fruits in the region should also boost market demand. Applications such as lawn, grass, trees and others are expected 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 the COVID-19 crisis on the sulfur bentonite market?
The impact of the COVID-19 pandemic on the chemical and materials industry was moderate. Several production plants in many countries were completely shut down due to the shutdown, which directly affected sulfur bentonite sales. However, the pandemic has resulted in a sharp increase in demand for crops, vegetables and other plant-based food sources.
This increase ensures that crops are grown to maintain the high quality of food, crops and food sources produced sufficient supplied with the necessary nutrients. This saved the sulfur bentonite market from a further slump.
Due to the reopening of numerous production facilities, the industry is increasingly recovering from the losses, which is reflected in positive sales prospects on the sulfur bentonite market. The growing prospects for sulfur bentonite in oilseed applications are also expected to boost demand for the chemical in the years to come.