Bentonite
Market Analysis By Regions (North America, Europe, Asia-Pacific, Latin
America and Africa), Product, Size, Share, Trends, Growth Factors, Revenue By
Application And Segment Forecasts To 2027.
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.
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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.
Product segmentation for
bentonite industry includes calcium and sodium. Application category for
bentonite market includes pet litter, drilling mud, civil engineering,
refining, iron ore and foundry sands. 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. The
key players in the bentonite market include Wyo-Ben Inc, AMCOL International,
Midpoint Chemicals Company, Kemira, Amsyn Inc, Cimbar, Volclay International,
Charles B. Crystal Co Inc.
This research report offers a
comprehensive analysis of key elements of the Bentonite Market such as potential top key Manufacturers along with
their strengths and weaknesses. The Bentonite
Market report also comprises some useful strategies and scenario for the new
players in the market. While forecasting the growth of the global Bentonite market, various statistical
tools were utilized to get an accurate result of the Demographic data.
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