Press release
What are the Factors that drives the Growth & Opportunities for Of Global Bentonite Market?
It is used as a bonding material for iron, steel and non-ferrous casting. It provides good flowability, thermal stability and compactability for production of high quality castings. Types of bentonite clay used are sodium (western) and calcium (southern).
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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.
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Drilling applications is one of the important applications for global bentonite market but with recent fallout in oil & gas industry, reduced number of drilling rigs, industry might tends to get affected. Mostly used in water-based drilling muds and oil-based muds, average consumption of this product was about 900 kilo tons per annum in drilling industry in 2015.
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Bentonite market size from iron ore pelletizing applications expects steady gains. It is used as a binding agent in iron ore pellets application as it provides properties like uniform porosity, better size, higher metallization rates, higher mechanical strength and abrasion resistance. Per ton of IOP requires 6-10 kilo of bentonite. Iron ore market size was over USD 95 billion in 2015 and increasing IOP demand, should drive product demand.
Reasons to Buy This Report:
1. Bentonite Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Bentonite Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
Positive trend towards growth in construction sector, increased use in agriculture & water filtration/treatment plants as well as in landfill and landscaping applications. Profit margin might be low due to intense competition and substitutes, but with improved technology and innovative modification to the product these shortcomings could be countered.
The Bentonite Market Report Consists of:
1. Methodology and Scope
2. Executive Summary
3. Bentonite Industry Insights
4. Industry segmentation
5. Industry size, forecast and growth expectations, 2017 - 2024
6. Industry ecosystem analysis Raw material insights
7. Technology insights
8. Regulatory framework
9. Industry dynamics
10. Key growth opportunities
11. Porter's analysis
12. Company market share, 2017
13. PESTEL analysis
14. Regional price trends
15. Bentonite Product Insights
16. Bentonite Application Insights
17.Bentonite Regional Insights
18. Competitor Profiles
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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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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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