Increasing Offshore Drilling Should Influence Bentonite Market Growth Positively During The Foreseeable 2019-2024

The latest Bentonite Market Research Report 2024 contains complete Industry outlook, market manufacturers and key statistics analysis. The industry sales & Share, trends are all discussed, explained and analyzed. It provides marketing strategy analysis, distributors/traders list, raw materials analysis, import and export analysis, key success factors and supply chain analysis.

Rise in offshore drilling activities in the U.S. to satisfy rising oil & petrochemical demand and deal with exhausting onshore petroleum reserves may promote growth of bentonite market size. The product increases hydrostatic pressure in the borehole thus preventing the ingress of gas & fluid and increasing stability. It also cools and lubricates the drill bit, protecting it from corrosion and keeping the cuttings in suspension thereby preventing the formation of sludge at the borehole bottom which is further predicted to stimulate market growth.

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Bentonite Market may exceed USD 1.95 billion by 2024; according to a new research report. Rising product demand for iron pelletizing operations in the steel industry may accelerate growth of bentonite industry. The upgradation of iron ore to improve iron content results in the generation of iron ore filter which requires pelletizing if it is to be used in steel manufacturing operations. The product acts as a binder by imparting high strength to roasted & dry pellets thereby ensuring their safe transportation, which may stimulate product demand.

Increasing pet ownership in Germany, UK and France on account of reducing community involvement and the breakdown of conventional social support systems has led to growing demand for pet litter products thereby stimulating bentonite market growth. Moreover, the product eliminates undesirable odors by allowing regular removal of urine & feces along with providing cost-efficiency as compared to its conventional clay litter counterparts owing to its longer shelf life which may further boost bentonite market growth.

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

Sodium bentonite market from civil engineering applications was valued at over USD 65 million in 2017. This product possesses excellent bonding strength, plasticity, lubricity, low permeability and compressibility. It has diverse application potential in foundation & excavation works which include protective barriers, digging bored piles, diaphragm walls, and the construction of cutoff walls, grouting mortars. The product ensures foundational stability by preventing wall collapse, offers sealant properties, prevents debris deposition at the base of excavations, and allows easy displacement by concrete which is poised to stimulate the growth of bentonite industry.

North America led by the Mexico, Canada, and the U.S. calcium bentonite market may witness gains of about 5% by 2024. This product offers healing, detoxifying and curative properties which increases its suitability for cosmetics and natural healthcare products. It enhances the immune system and reduces the possibility of infections by eliminating toxins which may enter the body via unhealthy food, paints and pesticides, thereby creating growth opportunities for bentonite industry.

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Europe sodium bentonite market demand from foundry sands applications led by UK, Germany, France and Spain may surpass USD 50 million in the forecasted period. This product possess high swell capacities & viscosity thereby making it ideal for green sand formulations used in iron & steel casting industry. The product serves as the glue which holds various particles of foundry sand together and provides high strength in less preparation time which may promote growth of bentonite industry.

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

Bentonite market share is competitive and moderately fragmented among various manufacturers such as Minerals Technologies, CETCO, Delmon Group, Halliburton, Ashapura Minechem, MIDPOINT Chemicals, CB Minerals and CIMBAR Performance Minerals. Prominent manufacturers are indulging in strategic acquisitions to achieve market expansion and in the construction of new production facilities to meet rising product demand.

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