Albany, NY -- (SBWire) -- 04/13/2021 --Global Sulphur Bentonite Market: Overview
Over the past few years, there has been rising demand for sulphur bentonite fertilizers in the agriculture industry world over. Sulphur bentonite is a micronutrient and forms one of the vital constituents of amino acids, used fundamentally in improving metabolic functions of plants.
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It also enhances the efficiency of several other nutrients that are vital for a good crop yield. The evolution of the market stems from the need for addressing the predominant sulphur deficiency in plants, mostly in parts of Asia Pacific and Latin America. The presence of sulphur deficiency can be especially disastrous to some plants, such as in oilseed production. That aside, sulphur bentonite also finds use in industries such as the oil and gas in drilling application, wastewater treatment, power, food and beverages, and chemicals.
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The rising use of derivatives of sulfur bentonite underpin the growing potential of the market. Some of the popular derivatives could be Zinc Bromide, Calcium Bromide, Sodium Bromide, Tetrabromobisphenol A, and Decabromodiphenyl ethane.
The detailed assessments offered in the study take a closer look at the current outlook of the sulphur bentonite market. The in-depth evaluations that the report aims at shines light on promising frontiers and new research and development avenues that will attract various industry players over the years.
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Global Sulphur Bentonite Market: Trends and Opportunities
The globally rising demand for sulphur is a key factor driving the demand for sulphur bentonite as fertilizers. The drive stems from the need for improving the yield of agricultural yield for various types of plants. In various parts of the world, regulatory curbs related to reduced sulphur content limit permissible for marine fuel are trends that augur well for the sulphur bentonite market. Growing commercialization of sulphur-containing fertilizers are expected to impart large momentum to the growth of the sulphur bentonite market. The growing uptake of upstream sulphur bentonite mixing solutions is boosting the market. Furthermore, the increasing focus of various governments of several countries on sulphur-based fertilizers is expected to create lucrative avenues for the producers.
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In recent years, several producers of sulphur-based fertilizers have been focusing on bolstering their production capacities, in order to meet the current and emerging diversity of demand of end users across the globe. This is a prominent trend aiding in the steady expansion of the sulphur bentonite market. Constant advancements in production processes are also fueling the expansion of the sulphur bentonite market.
Global Sulphur Bentonite Market: Regional Outlook
The study sheds light on lucrative opportunities in the sulphur bentonite market in various regions. The analyses also take a closer look at emerging regional markets and highlight the key trends that will support their substantial growth. Regionally, North America is a key producer and consumer of the compound. The large traction that the regional market has received over the past few years can be attributed to the growing uptake of sulphur bentonite fertilizers to boost crop productivity, particularly for plants such as soybean. Meanwhile, developing regions of Asia Pacific are expected to present promising share of revenue to the global market. A large part of this growth will be driven by rapid strides being taken by agriculture practices in its key economies, with the objective of maximizing the yield of food crops.
Global Sulphur Bentonite Market: Competitive Landscape
The study strives to evaluate the key elements of the competitive dynamics and strategies that might shape the future dynamic. It assesses the intensity of consolidation and fragmentation in the competitive landscape of the sulphur bentonite market. Some of the players that might emerge as prominent in the global market are Deepak Fertilizers, Coogee Chemicals Pty Ltd, National Limited, Coromandel Limited, H Sulphur corp., and Tiger-Sul Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Understanding Impact of COVID-19 on Sulphur Bentonite Market