Press release
Bentonite Market Size Is Predicted To Reach US$ 3.5 Billion By 2033
Bentonite demand is expected to reach US$ 2.1 billion globally in 2023 and grow gradually at a 5.2% CAGR over the following ten years. As a result, it is expected that the global bentonite market would be worth US$ 3.5 billion by the end of 2033.This most recent bentonite market research report from Fact.MR, a supplier of market research and competitive intelligence, includes an in-depth analysis of supply chain management, local supply, product standards, safety regulations, and other significant trends.
"Bentonite's ability to expand 10X its volume makes it ideal for drilling and mud-rotary processes. Moreover, a preponderance of global oil & gas producers is causing a spike in demand for bentonite. Amplified demand for global energy consumption will push the market growth through 2033" concludes Fact.MR.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.factmr.com/connectus/sample?flag=S&rep_id=4560?PS
๐๐๐ง๐ญ๐จ๐ง๐ข๐ญ๐ ๐๐๐ซ๐ค๐๐ญ - ๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ
โข Bentonite is increasingly being utilized in skin care applications owing to its impressive absorbing properties.
โข Heightened demand for bentonite in the construction industry as a sealing agent is propelling the growth of market.
โข High viscosity of bentonite continues to expedite its usage in lubricant applications.
โข Bentonite's nutrient offering and water holding properties are being preferred by farmers to treat soil nutrient deficiency.
โข SME's in emerging economies are receiving greater government incentive thereby favoring the market growth.
๐๐๐ง๐ญ๐จ๐ง๐ข๐ญ๐ ๐๐๐ซ๐ค๐๐ญ - ๐๐๐ฒ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ ๐๐๐ญ๐จ๐ซ๐ฌ
โข Bentonite is increasingly being utilized in skin care applications owing to its impressive absorbing properties.
โข Heightened demand for bentonite in the construction industry as a sealing agent is propelling the growth of market.
โข High viscosity of bentonite continues to expedite its usage in lubricant applications.
โข Bentonite's nutrient offering and water holding properties are being preferred by farmers to treat soil nutrient deficiency.
โข SME's in emerging economies are receiving greater government incentive thereby favoring the market growth.
๐๐๐ง๐ญ๐จ๐ง๐ข๐ญ๐ ๐๐๐ซ๐ค๐๐ญ - ๐๐๐ฒ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ
โข Stringent government regulations against the use of bentonite with certain harmful chemical additives are limiting the growth of market.
โข Bentonite market is highly competitive owing to its fragmented nature which makes it challenging for market players to garner significant market share.
The global bentonite market is a highly fragmented landscape with numerous regional and global manufacturers. Key players featured in this Fact.MR study include, but are not limited to, Halliburton Co., Mineral Technologies Inc., Clariant AG, Kunimine Industries Co., Kemira OYJ, Kutch Minerals, and Charles B Chrystal Co. Inc. Quality and pricing of bentonite remains the key focus areas of market players. To ensure long-term gains, they are collaborating with leaders of end-use industries to boost the consumption of bentonite through 2027. Prominent players must broaden their end-user applications for indubitable competitive advantage.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ: https://www.factmr.com/connectus/sample?flag=RC&rep_id=4560?PS
๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ
This 170-page study offers in-depth commentary on the bentonite market. The study provides compelling insights on the bentonite market on the basis of product type (sodium and calcium), application (drilling fluid, clarification agents, sealant, absorbent, and binder), and end-use industry (pharmaceuticals, construction, foundry, oil, and food) across seven regions (North America, Western Europe, Latin America, Eastern Europe, Asia Pacific Excluding Japan, Middle East & Africa, Japan).
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About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.
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