The global Bentonite Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
The global Bentonite Market is anticipated to rise at a CAGR of 4.8% during the forthcoming period. Increasing activities in the oil well cement and drilling fluid applications are paving the way for bentonite industry. The market witnesses engaging activities in the groundwater barriers, absorbents for pet litter, oil & grease and binders in the iron & steel manufacturing industry.
Key Players:
- AMCOL International Corp.
- Wyo-Ben Inc
- MidPoint Chemicals Company, LLC
- Hindusthan M-I Swaco Limited
- Charles B. Chrystal Co. Inc
- Cimbar Performance Minerals Inc
- Amsyn Inc
- Kutch Mineral
- Clariant AG
- Black Hills Bentonite, LLC
- Kunimine Industries Co. Ltd
- Halliburton Company
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Growth Drivers:
Driving factors responsible for bentonite market include rise in oil & drilling activities blended with rise in application for geosynthetic clay and medical domain. In addition, rise in production capacities coupled with increase in demand for oil & gas is anticipated to drive the market growth during the forecast period. Rise in demand from end-use applications such as rubber tires and pharmaceutical industry and increasing popularity is anticipated to drive the market growth.
Application Outlook:
- Foundry sands
- Iron ore pelletizing
- Cat litter
- Drilling mud
- Civil Engineering
- Refining
- Others
Product Outlook:
- Sodium
- Calcium
- Others
Regional Outlook:
- North America
- US
- Europe
- Germany
- Russia
- Asia Pacific
- China
- India
- Latin America
- Brazil
- MEA
- UAE
Geographical segmentation for bentonite industry includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are expected to witness a higher CAGR owing to favorable initiatives by government. The regions are anticipated to witness a higher demand from oil & gas, construction and metallurgy industries.
North American market has a greater share owing to rise in use of bentonite for pet and cattle products. European market will experience a moderate share due to rise in foundry sands and iron ore extraction. Middle Eastern and African regions are likely to gain a significant market share due to rise in extraction and mining activities.
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