Global Consumption of Sulphur Bentonite to Grow 1.5X by 2029
Sulphur bentonite comprises around 90% of elemental sulphur and 10% of bentonite clay. The global sales of sulphur bentonite have been increasing at a moderate pace, on the back of sustained consumption of both sulphur and bentonite for increasing agricultural yield. This Future Market Insights study examines how the growth of global Sulphur bentonite market has been unfolding over the recent past, and reveals the important trends that would govern the market growth in the following years. The global sulphur bentonite market is projected to grow further at a healthy pace, reaching the value of US$ 280 Mn by the end of forecast period (2019 - 2029).
Key Growth Influencers - Sulphur Bentonite Market
Extensive Use of Sulphur Bentonite for Improved Crop Yield of Canola and Soybean
Sulphur bentonite has performed extremely well on soils across the globe. There has been substantial enhancement in oil content and yield of major oil seeds including soybean, rape seed, etc. Reportedly, the yield of canola increased significantly more than other cereals with the use of sulphur bentonite.
North America has been a major producer as well as consumer of sulphur bentonite. Canada is one of the leading producers of canola; therefore, extensive demand is expected to stem from the country. Also, the U.S. is expected to create substantial demand from the production of corn and soybean.
Industry stakeholders are expected to focus on the development of non-conventional applications for sulfur in order to channelize the excess output. Thus, efforts towards promoting the use of sulfur-based fertilizers are expected to gain momentum during the forecast period. This, in turn, is expected to create avenues of growth for the sulphur bentonite market across the globe during the forecast period.
Increasing Local and Foreign Investments in Agricultural Sector
The agricultural sector has been the mainstay of many countries such as India, China, and Brazil. A major part of the GDP contribution of these countries comes from their agricultural output. Brazil is amongst the top 10 producers of major crops, cereals, and oilseeds. According to the USDA, Brazil’s soybean production was pegged at 119.3 million metric tons (mmt) in 2018. The country has also been a major consumer of conventional NPK fertilizers.
Latin America is among the highest rated sulphur deficient regions after Asia Pacific. Thus, there is great demand for sulphur-based fertilizers. Moreover, the use of sulphur bentonite has improved the crop yield for crops such as soybean, corn, and sugarcane by an average of 20%.
FDI investments in the agricultural sector, such as investments in the Latin America agricultural sector by China, and foreign agricultural investments increasingly seek to control manufacturing, processing, and logistics for commodities that cannot be provided domestically. Mexico and Nicaragua have established partnerships and Colombia and Argentina plan to develop activities linked to the World Economic Forum’s New Vision for Agriculture initiative. Such initiatives are projected to drive demand for sulphur bentonite in the global market.
Reduced Sulphur Deposition in Crops with Stringent Emission Regulations
Growing emission regulations in EU countries have significantly reduced the sulphur deposition in crops below the standard requirements. Hence, there has been an increase in the need for more intense sulphur carriers such as sulphur bentonite.
According to the Sulphur Institute in the U.K., ~50% of the land area is sulphur deficient for winter wheat and rapeseed. Europe has also been a significant producer of oil seeds and the region has witnessed a significant increase in crop yield and cereals in France, Germany, and Spain. EU 28 are the largest producers of rapeseed, followed by Canada, China, India, and Australia. The yield has increased by 10-20% for oilseeds, legume, cereals, and forage crops. Moreover, the increasing rape oilseed production for biofuel increases the demand for fertilizers.
Sulphur Bentonite Market Structure Analysis
- The global sulphur bentonite market has a fairly competitive landscape, where prominent market players are focusing on the development of joint ventures, concrete distribution partnerships, and targeting a stronger global footprint.
- The sulphur bentonite market has been fairly moderate in size, which is the key factor for its dynamic competitive nature.
- Prominent sulphur bentonite providers are presently prioritizing business expansion through merger and acquisition strategies with other repair and maintenance service providers in the market.
- Extension of product portfolio is also identified to remain one of the key developmental strategies adopted by key players in the sulphur bentonite market.
- Key market players are strategically focussing on strengthening their online portfolio in order to attract new customers and give a necessary boost to their revenue stream.
Demand Upsurge in Production of Oilseeds and Cereals
Sulphur bentonite market is expected to witness maximum revenue growth in the production of oilseeds, especially in Asia Pacific (APAC). On the other hand, sulphur bentonite is witnessing rapid traction in the production of cereals, pulses, and crops. The study reveals that the application of sulphur bentonite in oilseeds and cereals will collectively account for the revenues exceeding US$ 100 Mn by 2029 end. Sales of Sulphur bentonite for pushing the yield of fruits & vegetables and lawn, turf, and trees will see modest growth throughout the projection period.
APAC Set for Attractive Returns
The market in Asia Pacific (APAC) will continue to lead its way in global sulphur bentonite landscape, followed by North America. China and the U.S. will spearhead these regional markets, respectively. India has also been showcasing lucrative potential for the growth of sulphur bentonite market owing to an upsurge in foreign and local investments in agriculture over the past decade. Latin American market has been projected for a remarkable growth outlook, led by Brazil and Mexico. However, the market stakeholders in Latin America will continue to face challenges posed by high price point and dearth of local distributors.
Subsidization of Conventional Fertilizers Limiting Market Growth
To address concerns related to sulphur deficiency, governments are offering conventional sulphur-based fertilizers, including single superphosphate (SSP), ammonium phosphate sulphate (APS), and ammonium sulphate (AS) at subsidized prices. On the flip side, specialty fertilizers, such as sulphur bentonite are still categorized as non-subsidized and are thus available on market at a premium price. In addition, APAC and Europe are dependent on other regions for import of sulphur bentonite, thereby adding to the expenses. This will continue to restrict market growth to a large extent in the near future.
Oilseeds remain top application area
Increasing adoption for cereals, pulses, and crops
How Growth will Unfold
Sulphur is considered as the fourth essential ingredient for plants, after nitrogen, phosphorus, and potassium. However, studies continue to reveal the sulphur deficiency across worldwide agricultural sector, particularly in fast developing economies such as China and India. Sulphur bentonite will thus continue to gather traction at a global level owing to its affluent sulphur content. Increasing crop production areas dedicated to rapeseed, rice, wheat, soybean, sunflower, and grapes warrant sustained demand from Asian markets. Leading sulphur bentonite manufacturers are targeting APAC for establishing new production plants.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Sulphur Bentonite Market Analysis 2019 - 2029
A recent market study published by FMI on the sulphur bentonite market includes the global industry analysis for 2014 - 2018 & opportunity assessment for 2019 - 2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical as well as current growth parameters of the sulphur bentonite market, the growth prospects of the market are obtained with maximum precision.
Sulphur Bentonite Market Taxonomy
The global sulphur bentonite market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
Application
- Oilseeds
- Cereals, Pulses, and Crops
- Fruits and Vegetables
- Lawns, Turfs, Trees, and Others
Region
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific
- Middle East and Africa
What's Included
The report initiates with the executive summary of the sulphur bentonite market, which includes a summary of the key findings and statistics of the market. It also includes the demand & supply-side trends pertaining to the sulphur bentonite market.
In this chapter, readers can find the definition and a detailed taxonomy of the sulphur bentonite market, which will help them understand the basic information about the sulphur bentonite market. Along with this, comprehensive information about sulphur bentonite is provided in this section. This section also highlights the inclusions and exclusions, which help readers understand the scope of the sulphur bentonite market report.
The sulphur bentonite market report provides key market trends that are expected to significantly impact the market growth during the forecast period. Detailed industry trends are provided in this section.
This section includes the factors that have emerged as key successful factors and strategies adopted by major market participants.
This section explains the global market value analysis and forecast for the sulphur bentonite market in the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical sulphur bentonite market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and incremental $ opportunity for the forecast period (2019–2029). Along with this, pricing analysis of the sulphur bentonite market at the regional level has been provided in this section. This section also explains the global market volume analysis and forecast for the sulphur bentonite market in the forecast period of 2019-2029.
This chapter explains key macro-economic factors that are expected to influence the growth of the sulphur bentonite market over the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, supply chain, forecast factors, and value chain analysis for the sulphur bentonite market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.
Based on application, the sulphur bentonite market is segmented into oilseeds, cereals, pulses & crops, fruits & vegetables, and lawn, turfs, trees & others. In this chapter, readers can find information about the key trends and developments in the sulphur bentonite market and market attractiveness analysis based on application.
This chapter explains how the sulphur bentonite market will grow across various geographic regions such as North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, and the Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America sulphur bentonite market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on application and countries in North America.
This chapter provides the growth scenario of the sulphur bentonite market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, an assessment of the market across target segments has been provided.
Important growth prospects of the sulphur bentonite market based on its end users in several countries such as Germany, the U.K., France, Spain, Italy, BENELUX, and the Rest of Western Europe are included in this chapter.
In this chapter Russia and Poland are the prominent countries in the Eastern Europe region that are the prime subjects of assessment to obtain the growth prospects of the Eastern Europe sulphur bentonite market. Readers can find detailed information about the growth parameters of the Eastern Europe sulphur bentonite market during the forecast period of 2019-2029.
This chapter highlights the growth of the sulphur bentonite market in APEJ by focusing on China, India, ASEAN, Australia, New Zealand, and the Rest of Asia Pacific. This section also helps readers understand the key factors that are responsible for the growth of the sulphur bentonite market in Asia Pacific.
This chapter provides information about how the sulphur bentonite market will grow in major countries in the MEA region such as South Africa, North Africa, Turkey, and the Rest of MEA, during the forecast period of 2019-2029.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the sulphur bentonite market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the sulphur bentonite market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Arnold Clark Automobiles Limited, Goodyear Tire & Rubber Company, Asbury Automotive Group, Inc., Halfords Group Plc., Lookers Plc., Monro, Inc., Pendragon Plc., Sumitomo Corporation, Jiffy Lube International, Inc., Firestone Complete Auto Care, Driven Brands, Inc., Carmax Autocare Center, Ashland Automotive, Inc., and Belron International Ltd., among others.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the sulphur bentonite market report.
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the sulphur bentonite market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Distributors
- Traders
- Raw Material Suppliers
- Industry Experts
- End Users
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
Secondary Research
- Industry Publications
- Industry Associations
- International Trade Association
- Factiva
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits
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