Sulphur Bentonite is a sulphatic fertilizer comprising bentonite clay and sulphur. With 90% existence of sulphur in these fertilizers, it is most prominent amid other groups of sulphated fertilizers. Sulphur bentonite acts as a micronutrient utilized for boosting soil quality and crop yields. Additionally, it assists in chlorophyll synthesis and is a foremost element in oilseed manufacturing.
Sulphur bentonite boosts soil acidity for alkaline soils, boosts nitrogen usage, phosphate, and micronutrient consumption. It moreover improves the growth rate of roots, consecutively; the plant extracts the highest amount of nutrients from the soil, augments oil content of groundnuts together with other oilseeds, and enhances quantity and quality of pulses. This makes sulphur bentonite more effective because of supplying sulphur to Crops.
Future Market Research (FMI) in its latest published report reveals that the application of sulphur bentonite in cereals and oilseeds is anticipated to jointly attain market revenues surpassing US$ 100 Mn towards the end of the forecast period. Sulphur bentonite sales will be boosting the yield of vegetables & fruits and trees, turf, and lawn would witness modest development towards 2029 end.
The study further reveals that the global sulphur bentonite market has recorded a valuation of US$ 164 Mn in 2018 and is anticipated to reflect a promising growth, reaching an estimation of US$ 280 Mn by the end of the assessment period, 2019 – 2029.
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Constant Sulphur Deficiency in Cultivating Lands to Push Market Growth
After potassium, phosphorus, and nitrogen, sulphur is counted as the fourth essential ingredient for plants. Several studies keep on revealing the sulphur deficiency all over the globe in the agricultural sector, especially in fast emerging Asian markets such as India and China. With cultivating land soils confronting constant sulphur deficiency, the probability for the consumption of sulphur bentonite is likely to be on an upward trend during the assessment period because of its rich sulphur content. Growing crop production regions committed to rice, rapeseed, soybean, wheat, grapes, and sunflower ensures affirmed demand for sulphur bentonite from Asian markets. Prominent producers of sulphur bentonite are aiming APAC for setting up novel production plants. The advancing foreign and local investment landscape in the agriculture sector would additionally boost the market growth of sulphur bentonite.
COVID-19 Impact Analysis
At present, the world markets are majorly influenced by the COVID-19 pandemic. China being one of the largest producers and consumers of sulpher bentonite in APAC nations has seen a drastic downward trend since the COVID-19 outbreak. The outbreak has also resulted in restrictions on travel and price hikes which caused disruptions in the supply chain.
Some of the major players functioning in the sulphur bentonite market are National Fertilizer Limited, Tiger-Sul Inc., Coromandel International Limited, NEAIS, Sohar Sulphur L.L.C, Coogee Chemicals Pty Ltd., Deepak Fertilizers and Petrochemicals, H Sulphur Corp, Montana Sulphur & Chemical Co., Galaxy Sulfur, LLC, Zafaran Industrial Group Company, Devco Australia, and ABU DHABI FERTILIZER INDUSTRIES CO. W.L.L.
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