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Bentonite market trends, research and projections for 2017-2024
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Bentonite Market will grow at a steady rate owing to increaeing demand from end-use industries such as oil, foundry, construction, food and pharmaceuticals. New clay technology, such as activated and modified clay would behave in specific characteristics, and could be used to perform in desired way. Metal casting industry in the U.S was worth close to USD 30 billion in 2015, and expects gains at over 8.5% throughout the forecast timeframe.
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Bentonite market size from cat litter applications is likely to witness steady gains throughout the forecast timeframe. Cat litter are mostly used as a house hold inventory for its various uses like gardening, preventing fires, gaining traction for vehicles on icy roads, pest control, deodorize, remove grease and stains and removing toxins from food. U.S. and Canada cat litter industry was valued at over USD 1.5 billion as compared Europe which was worth over USD 950 million in 2015.
The differentiating factor of Bentonite Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook. Business focused multiple trends for Bentonite Market are discussed along with regional trends to offer an overall view of the market.
The ‘industry insights’ chapter of this research provides the most comprehensive analysis of Bentonite Market covering segmentation, size, forecasts, ecosystem analysis and more. Industry impact forces (regional and global) that cover growth drivers and challenges, growth potential analysis, a strategy dashboard for competitive landscape of Bentonite Market support this sector specific data and information points.
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U.S. and China are among the major bentonite producing nations. North America, led by U.S. bentonite market size should witness moderate gains over the forecast period. APAC provides lucrative opportunities for growth in this industry as most of the sectors employing the use of this product is budding significantly in India, China, Japan and South Korea. APAC, led by India, Malaysia, Indonesia and China bentonite market size should witness significant gains owing to growth in construction sector. New deposits for this product has been discovered in Australia, Canada, Russia, Turkey and Namibia.
Bentonite market share is fragmented with some of the industry players include Shashi Minerals, Daroukesht Khaver Maineh, Zhejiang Sanding Technology Co. Pvt. Ltd., Aroma Chimie, ABG Bentonite Mining Company, All Star, ETEC, LKAB Minerals B.V., Xatico Benelux-France, OOO Korfil Plast, CMMP, Tinas Medencilik, Terradrill Fluids Ltd., Bento Group Minerals and Albir A.S.
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About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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