Global Bentonite Market was valued US$ 1.2 Bn in 2017 and is forecasted to reach US$ 1.72 Bn by 2026 at a CAGR of 4.6 %.
Rapidly mounting demand of bentonite from various end-use industries such as construction, paper and pulp, agriculture, ceramics significant used of bentonite in the metal casting and foundry applications drives the global bentonite market. Increasing product use across industries as groundwater barriers, absorbents for pet litter and oil & grease, liquor clarifiers, and binders in iron & steel manufacturing further propel market growth. Growing awareness of bentonite’s adverse health and environmental effects may restrain market growth. Bentonite when consumed as detox clay poses significant risk of lead consumption which may cause brain and kidney damage.
Foundry sands is the major application segment accounting for over 38% of global share. Increase in demand for bentonite in foundry molds for the metal casting of brake drums, engine blocks, manhole covers, brass water fittings, transmission housing and cast iron pans drives the Foundry sands application segment market. Drilling mud is the another largest application segment on account of rising use of iron ore pellets in the manufacturing of steel is expected to have a positive impact on the bentonite market over the forecast period.
Calcium and sodium bentonite are majorly used in drilling mud. Sodium bentonite is leading segment holding over half of the total revenue in 2017. Sodium bentonite is used in the foundry industry as a binder to improve product quality, productivity and minimize scrap generation, thereby driving bentonite market growth. Calcium bentonite product is use in various industrial oils such as dark oils, lubricants, diesel fuel, used edible oil and disposed engine oil expected to boost growth of bentonite industry size.
Asia pacific dominated the market followed by North America. Bentonite is also used as a major constituent of drilling fluids in oil & gas industry. Asia Pacific is set to grow at fastest rate in bentonite market. Rising infrastructural growth in China, India, Japan and Malaysia owing to increased public expenditure is predicted to trigger the construction industry and thereby fuelling the growth bentonite market. Southeast Asia construction market led by Malaysia, Indonesia and Singapore was valued at US$ 250 Bn in 2018 which indicates tremendous market growth potential.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding bentonit market dynamics, structure by identifying and analyzing the market segments and project the market size. Further, the report also focuses on a competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER's analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in bentonite market.
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Scope of Global Bentonite Market:
Global Bentonite Market, by Product:
• Sodium Bentonite
• Calcium Bentonite
• Sulphur Bentonite
Global Bentonite Market, by Application:
• Foundry Sands
• Cat Litter
• Iron Ore Pelletizing
• Refining
• Drilling Muds
• Civil Engineering
Global Bentonite Market, by Region:
• North America
• Europe
• Middle East & Africa
• Asia Pacific
• South America
Key Players Operating In Global Bentonite Market:
• Black Hills Bentonite
• Halliburton Co.
• Kemira OYJ
• Charles B Chrystal Co. Inc.
• Mineral Technologies Inc.
• Clariant AG
• Alfa Aesar
• Kutch Minerals
• Kunimine Industries Co. Ltd.
• Ashapura Group of Companies
• Wyo- Ben Inc.
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In a recent business intelligence study, FactMR presents the nitty-gritty of the global bentonite market considering 2014-2018 as the historic year and 2019–2027 as the stipulated timeframe.
The business report highlights the drivers, restraints, opportunities and trends affecting bentonite market growth.
Bentonite is a naturally occurring clay with excellent capabilities of absorbing and adsorbing.
With these properties bentonite is being extensively used in personal care, pharmaceutical, construction and oil & gas industry.
Increasing demand for cosmetic products and rapid development in the construction sector has resulted in heightened demand for bentonite as a cleansing agent and water absorbing agent respectively.
Increasing consumption of bentonite as a binder in foundry-sand is expected to propel growth of the market over the forecast period (2019-2027).Sodium bentonite is the most preferred variant for foundry and construction.
The Bentonite Market Report 2017 presents detailed anatomy of the Bentonite market over the last five years, and provides extensive market forecasts by region/country and sub sector.
It covers the key technological and market trends in the Bentonite market.It further gives an analysis of the factors affecting the supply/demand for Bentonite, and the opportunities/challenges faced by industry participants.
It also works as a necessary tool to companies operating in the value chain and for new entrants by enabling them to capitalize the opportunities and develop business strategies.In particular, it gives a complete analysis of the following:Market overview: complete analysis of the whole value chain (upstream & downstream), insights into technological developments, and an extensive analysis of costs analysis from the aspects of raw materials, labor costs and etc.Market size and driving factors: during the period 2012-2022 comprehensive analysis of the global Bentonite market, involving market growth and development trends, volume & value, demand drivers and stimulators for Bentonite.
It also gives an insight on the spending pattern and usage pattern in various areas around the world.Competitive landscape analysis: exhaustive analysis of top players on the market performances (sales and market position), strengths & weaknesses, opportunities and threats.
It also gives the current combination trends in the industry and the challenges faced by industry participants.Worldwide supply/demand pattern: analysis of the major markets in each area (Asia-Pacific, North America, South America, Europe, Middle East & Africa), providing an analysis of the topmost sections of Bentonite anticipate to be in demand.Tends forecast: anatomy of regional demand and development trends, all the numbers, both - sales & volume, at each level of the detail are evaluated till 2022, to give a view of the potential size of market in terms of value in this market.
Appendix Browse more details of report at,https://www.franknraf.com/reports/global-bentonite-market-outlook-2017-2022/ Related report· Europe High Purity Zinc Antimonide Industry Situation And Prospects Research Report· China High Purity Stannic Chloride Industry Situation And Prospects Research Report· China High Purity Mercury Industry Situation · Asia High Purity EMD Industry Situation And Prospects Research Report About Frank n Raf Market Research:Frank n Raf Market Research is one of the fastest growing companies in Market Research and Consulting Services.
