Our latest research report entitled Bentonite Market (by product (sodium, calcium, sulfur), applications (foundry sands, pet litter, iron ore pelletizing, drilling)) provides complete and deep insights into the market dynamics and growth of Bentonite. The latest information on market risks, industry chain structure Bentonite cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Bentonite growth factors.
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Food Industry, Pharmaceuticals, Cosmetics, and Others are Likely to Escalate the Growth
Bentonite is a commercial name for the naturally occurring clay that predominantly consists of montmorillonite. Bentonite is formed from weathering volcanic ash. The bentonite has a high water absorption capacity that causes it to expand and swell. The bentonite has different types, depending upon the respective dominating elements including potassium, sodium, aluminum, and calcium. The swelling action or absorption of bentonite is depending on it’s the ion exchange capacity. The most common use of bentonite is in drilling fluids. The bentonite in the flush fluid lubricates and cools the cutting tools while protecting against corrosion.
Combinations of water and bentonite can perform a multitude of functions in the industry including drilling, binder, purification, absorbent, groundwater barrier and many others. Growing consumption of bentonite in industrial applications is the key factor that drives the growth of the bentonite clay market.
In addition, the rapidly mounting demand of bentonite from various end-use industries such as construction, paper and pulp, Agriculture, Ceramics, Food industry, Pharmaceuticals, cosmetics, and others are likely to escalate the growth of bentonite market. In agriculture, the Bentonite is used as an ion exchanger for soil improvement and conditioning. Bentonites play a vital role in the formation of wine, edible oils, and fats as it removes impurities in oils, and enhance clarification and protein stabilization.
Furthermore, Bentonite is significantly used in the metal casting and foundry applications. The rising metal casting and foundry applications coupled with the growing automotive industry are anticipated to boost the demand of the bentonite market. Moreover, the growing use of bentonite in the cosmetic, water treatment and personal care products is projected to create several growth opportunities for the bentonite market. The awareness about the wastewater treatment is rising the demand for bentonite is also increased as it has high adsorption capabilities, and they are easily available at low prices.
North America Holds the Market Share in The Bentonite Market
Regionally, North America holds the market share in the bentonite market owing to a large number of exploration and drilling activities. The strict government regulations regarding drilling activities among the North American region are hampering the growth of the bentonite market that may further affect market growth. In addition, Asia Pacific is the fastest-growing region in the then bentonite market and expected to be the leading market in the upcoming years.
Growing consumption of bentonite across various end-use industries including construction, oil and gas, cosmetics, food industry, and many others are driving the growth of the bentonite market. The growing cosmetic and personal care industry in the Asia Pacific region is contributing to the growth of the bentonite market.
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Report on Global Bentonite Market Covers Segments such as Product and Applications
On the basis of the product, the global bentonite market is categorized into sodium, calcium, sulfur, and others. On the basis of applications, the global bentonite market is categorized into foundry sands, pet litter, iron ore pelletizing, drilling and others.
The report provides profiles of the companies in the global bentonite market such as Minerals Technologies Inc, Clariant, Imerys, Bentonite Performance Minerals LLC, Ashapura Group, Wyo-Ben Inc, Delmon Group of Companies, and Black Hills Bentonite.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Bentonite.
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.