Bentonite Market Opportunities, Future Trends, Growth Factors to hit $1.95bn By Top Companies - 2024 | Halliburton, Clariant, Minerals Technologies Inc., LKAB Minerals, Delmon Co. Ltd, ASHAPURA MINECHEM LTD, CETCO ENERGY SERVICES

China sodium bentonite market demand from refining applications may surpass USD 3 million by 2024. The country has witnessed rising crude oil imports pertaining to increasing oil import quotas passed by the government and growing crude supply from the booming North America shale industry. Acid-treated clay materials are routinely used to bleach oil for removing contaminants such as iron & copper ions which improves refining productivity and may boost bentonite market growth.

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U.S. calcium bentonite market share from drilling mud applications may witness gains at about 5.5% over the forecast timeframe. Improvements in drilling & fracking technology in the country has led to increased oil & natural gas production thereby boosting demand for drill muds. Drilling fluids help in creating boreholes in the ground to access petroleum reserves and bentonite helps keep the stone detritus in suspension when purge pumps are idle, which may increase product demand.

Bentonite Market, By Product

• Sodium
o By Application
 Foundry sands
 Cat litter
 Iron ore pelletizing
 Refining
 Drilling muds
 Civil engineering
 Others

• Calcium
o By Application
 Foundry sands
 Cat litter
 Iron ore pelletizing
 Refining
 Drilling muds
 Civil engineering
 Others

• Sulphur
o By Application
 Foundry sands
 Cat litter
 Iron ore pelletizing
 Refining
 Drilling muds
 Civil engineering
 Others

• Others
o By Application
 Foundry sands
 Cat litter
 Iron ore pelletizing
 Refining
 Drilling muds
 Civil engineering
 Others

Declining community involvement owing to rising urbanization has led to rising pet ownership to fulfill companionship needs, which may stimulate bentonite market growth. This product majorly finds usage in clumping cat litter owing to its ability of absorbing fluids and forming clumps. The complete absorption of urine helps in removing undesirable odors and some manufacturers also add odor control additives such as baking soda or charcoal or chemical fragrances to improve product performance.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Pacific Bentonite Ltd.
2. Minerals Technologies Inc.
3. Delmon Co. Ltd.
4. CETCO ENERGY SERVICES
5. Halliburton
6. Black Hills Bentonite
7. Wyo-Ben, Inc.
8. ASHAPURA MINECHEM LTD
9. Midpoint Chemicals Company
10. Cimbar Performance Minerals, Inc.
11. Bentonite Performance Minerals LLC
12. LKAB Minerals
13. CB Minerals
14. Kutch Minerals - India
15. Clariant
16. American Colloid Co

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Sulphur bentonite market size from foundry sand applications was valued at over 680 kilo tons in 2017. This product, along with aggregate and water is a major ingredient of green sand, a hydrated mixture commonly used in the metal casting industry. The product helps sand particles adhere to each other, imparts high green, high & hot strength and possesses beneficial swell properties, which may boost bentonite market growth.

Browse key industry insights report, “Bentonite Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/bentonite-market

Bentonite Market to surpass USD 1.95 billion by 2024; according to a new research report by Global Market Insights, Inc. Booming steel industry in India, China and South Korea on account of increasing foreign direct investment from U.S. and Japan has boosted the iron pelletizing industry and may promote growth of bentonite market size.

The product is used as a binding agent, offer improved mechanical & abrasive strength, faster reduction and higher mineralization rates compared to ore fines which increases the productivity of sponge iron with less energy consumption. The product imparts structural stability to iron pellets, extracts moisture, improves drop strength and thermal resistance which may accelerate market growth.

Halliburton, Wyo-Ben, CETCO, Delmon Group, MIDPOINT Chemicals and Minerals Technologies are some of the prominent industry participants in the bentonite market. Manufacturers are expanding their production capacity and mining operations to improve the availability of raw materials, lower costs and achieve market growth.

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