Press release
Rising Demand Drives Bentonite Market Healthy Growth by 2022
Bentonite is highly absorbent, soft phyllosilicate clay. They are identified by their respective dominant elements such as aluminum, potassium, sodium, and calcium. Of them, sodium and calcium Bentonite are used for industrial purpose. Bentonite is gaining popularity in the wide range of industry for their high absorbent, viscosity, swelling, thixotropy and hydration properties. The application area of Bentonite includes in a refinery, drilling mud, iron ore pelletizing, civil engineering, foundry sand and purification are some of them. U.S., China and Greece are the top producers of the Bentonite.The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the bentonite market. The scope of this report covers the bentonite market by its major segments, which include the types, applications, and the major geographic regions.
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KEY PREMIUM INDUSTRY INSIGHTS
The key reasons driving the growth of the Bentonite market includes increasing demand from oil & gas industry and growing demand of Bentonite for iron ore pelletizing in steel industry
Demand from construction sector in emerging economies is one of the key growth opportunity drivers for this market.
However, factors like low margin and heavy competition may hamper the growth of the Bentonite market.
MARKET SEGMENTATION
This report analyzes the bentonite market by the following segments:
Bentonite Market, by Product
1. Sodium
2. Calcium
3. Others
Bentonite Market, by Application
1. Refining
2. Iron Ore Pelletizing
3. Drilling Mud
4. Foundry Sand
5. Civil Engineering
6. Cat litter
7. Others
Browse Report: https://www.scalarmarketresearch.com/market-reports/bentonite-market
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