Future Market Insights (FMI) has published a new research report titled „Sulfur Bentonite Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.“ The report states that the global sulfur bentonite market is awaiting to future a lucrative future owing to the rising company. Bentonite is anticipated to create traction in the global market in the coming years. According to FMI, the global sulfur bentonite market is expected to witness a CAGR of 5.0% over the course of the forecast period.
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Sulfur Deficiency in Developing Regions to Boost Demand
Growing sulfur deficiency in regions such as Asia Pacific and Latin America is the demand for sulfur bentonite. Over recent past, key sulfur consuming countries like China have witnessed relatively slow economic growth. This coupled with regulations pertaining to the permissible limit of sulfur especially in marine fuel (IMO) among other products is the gap between elemental sulfur production and consumption at a global level. Micronutrients to improve the yield of a number of cereals, crops, pulses, fruits, vegetables, etc. Micronutrients to improve the advantages of sulfur micronutrients the yield of a number of cereals, crops, pulses, fruits, and vegetables. Government subsidies are also promoting the use of conventional sulfur based fertilizers such as SSP, ammonium phosphates sulphates (APS), and ammonium sulphates (AS). On the other hand, specialty fertilizers such as sulfur bentonite are non-subsidized and are available at premium prices. Moreover, sulfur bentonite is also imported from other countries as UAE, Saudi Arabia, Turkey, and the US Thus, the products are available at a relatively higher price due to import duties and taxes.
Higher Usage of Sulfur Bentonite Across Different Agricultural Plantations
Sulfur bentonite is highly used in harvests such as oilseeds, cereals and crops, fruits and vegetables, and others. Sulfur bentonite has also been given excellent results after being used on cereals such as corn, rice, wheat and other crops such as cotton , pulses etc. Among fruits and vegetables, sulfur bentonite is increasingly being used to improve odor and taste for crops such as onion, ginger, and garlic; and fruits such as citrus fruits, grapes, and oranges. The other applications of bentonite include lawns, turf, trees and other recreational activities.
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Vendors to Explore More Application Areas
The need for the manufacturers of sulfur bentonite is to explore more manufacturing areas and enhance their products to fit these areas. Investment in research and development is the core focus of top market players at present. Some of the companies operating in the market are Tiger-Sul Inc., NEAIS (National Establishment for Agricultural and Industrial Sulfur), H Sulfur Corp., Coromandel International Limited, National Fertilizer Limited, Deepak Fertilizers and Petrochemicals, and Coogee Chemicals Pty Ltd. , among others.