Bentonite Market Competition Analysis Report 2020 | AMCOL International (US), Wyo-Ben Inc (US), etc.

Market Size – USD 1.32 Billion in 2018, Market Growth - CAGR of 6.1%, Market Trends –Increasing demand for bentonite from the oil & gas industry as an additive for drilling mud

The Bentonite Market is forecasted to grow from USD 1.32 Billion in 2018 to USD 2.16 Billion by 2026, at a CAGR of 6.1%, during the forecast period. The market is primarily driven by the increasing demand for bentonite from the oil and gas industry as an additive for drilling mud.

Increase in oil and gas drilling activities in combination with increasing application in geosynthetic clay liners and the medical industry are expected to drive the market during the forecast period.

The increase in foundry and metal casting application in conjunction with the growing automotive and oil & gas industry is expected to drive growth in the market.

Increasing infrastructural growth in China, India, Japan and Malaysia is predicted to boost the construction industry as a result of increased public spending and thus accelerate the size of the market.

The increase in environmental concerns about wastewater treatment due to high toxic and radioactive chemicals is expected to promote growth for bentonite. Wastewaters generally have a high demand for chemical oxygen, which causes risk of mortality for aquatic animals and imparts unwanted odor and dirt.

The report offers a 360-degree overview of the market and focuses on major growth trajectories such as drivers, restraints, challenges, and future opportunities. It  provide intensive market data and detailed analysis on fast emerging renewable energy segments, covering their integral sub-segments like capacity, industry and financial performance, sales and distribution channels, and cost & prices. It also throws light on interesting insights into the market, current market trends, sales statistics, and major industry developments. The report lists the names of significant players operating in the market and the prime strategies adopted by them to gain a competitive edge in the market. It further emphasizes on market segmentation based on factors such as type, technology, application, end-use, and region in detail. For more information on the report, log on to the company website.

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Further key findings from the report suggest:

The market for sodium bentonite is expected to grow the largest at USD 1.40 Billion in 2026, at a CAGR of 7.4% during the forecast period. Bentonites of sodium and calcium are primarily used in mud drilling and have high plasticity. In 2018, North America was the largest consumer of bentonite in terms of regional demand, with the U.S. having the largest share owing to the country's large-scale drilling and exploration activities.
The market for foundry sands is estimated to reach USD 561.9 Million in 2026, at a CAGR of 6.6% during the forecast period. The demand for bentonite in foundry molds for metal casting of brake drums, engine blocks, manhole fittings, brass water fittings, transmission housings and cast iron panels is increasing.
The market for Asia Pacific (APAC) is expected to reach USD 648.4 Million in 2026, at a CAGR of 9.3% during the forecast period due to the favorable polices and beneficial initiatives by the governments of India, China and Japan. It is estimated that the region is experiencing high demand for bentonite from the oil & gas, metallurgy and construction industries. It is likely that the majority of future demand will come from India, China, Greece, Turkey and Australia.

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Top Key Players: 

AMCOL International (US),
Wyo-Ben Inc (US),
MidPoint Chemicals Company (US),
M-I SWACO (US),
Volclay International (US),
Kemira (Finland),
Alfa Aesar (US),
Charles B. Chrystal Co. Inc. (US),
Cimbar (US),
and Amsyn Inc (US).

Types:

Sodium Bentonite
Carbon Bentonite
Others

Application:

Foundry Sands
Iron Ore Pelletizing
Pet Litter
Drilling Mud
Civil Engineering
Refining
Others

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Major Regions covered in the report:

North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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