Bentonite Market: Current Analysis and Forecast (2021-2027)

A new research document with title 'Bentonite Market: Current Analysis and Forecast (2021-2027)’ covering detailed analysis, Competitive landscape, forecast and strategies. The market Study is segmented by key a region that is accelerating the marketization. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources. The study covers geographic analysis that includes regions like America, LATAM, Europe, Nordic nations, Oceania or Southeast Asia or Just Eastern Asia and important players/vendors such as Bentonite Performance Mineral LLC, Black Hills Bentonite LLC, Minerals Technologies Inc., Imerys S.A., Wyo-Ben Inc., Tolsa S.A., Laviosa Mineral Solutions SpA, G & W Mineral Resources, Ningcheng Tianyu Chemical Co. Ltd., Kunimine Industries Co., Ltd.

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Demand of bentonite is increasing owing to increasing demand of clays which have ability to swell up easily, absorb water and have high viscous and thixotropic properties. These properties helped bentonite in attaining application in large base of industries like cosmeceutical, construction, iron ore pelleting, refining, oil & gas which expanded the bentonite market. In addition, high focus towards infrastructural growth in countries such as Brazil, Argentina, India, and China due to rising public expenditure is projected to boost the construction industry which further propel the demand of bentonite. For instance, bentonite in civil engineering applications is used as a mineral hydraulic barrier in diaphragm walls, foundations, tunneling, and pipe jacking. Its viscosity and plasticity also make it suitable for use in portland cement and mortars.

Based on product, the bentonite market is segmented into sodium, calcium, and others. Among these, sodium bentonite held prominent market share owing to large demand from oil and gas drilling industry. Increasing fuel requirement has led to exploration and production activities which eventually escalate the drilling operation which require bentonite as drilling fluid.

Based on application, the bentonite market is divided into cat litter, civil engineering, drilling mud, foundry sands, iron ore pelletizing, refining, and others. Among them, iron ore pelletizing and drilling mud hold a considerable market share. Since bentonite is used as a binder in iron ore pelletizing which further is used in manufacturing steel. Thus, expanding steel industry would boost the demand for iron ore pellets which require bentonite during its operation thereby shooting up the demand for bentonite.

For a better understanding of the market adoption of Bentonite, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, Rest of APAC), MEA (Saudi Arabia, Kuwait, Iran, UAE, Rest of MEA) and South America (Brazil, Argentina, Rest of South America). Large-scale drilling activities in the U.S. may promote growth of bentonite market owing to the product’s requirement as a raw material for drilling fluids.
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