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Bentonite Market Overview:
The bentonite market is expected to index a valuation of $XX million from a value of $XX registered in 2021. Over the course of this forecast timeline, the global scroll & absorption chillers market is slated to index a CAGR of X.X%.
The report also offers insightful and detailed information regarding the various key players operating in the global bentonite market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global bentonite market is estimated to exhibit an X.X% CAGR in terms of value during the forecast period 2018–2027. The global bentonite market report has been segmented on the basis of application and region.
Bentonite also referred to as montmorillonite is one of the most popular clays. Bentonite is absorbent clay and is usually refined from volcanic ash. Its high absorbency property makes it a useful substance in industrial applications. Bentonite is available in wet clay, gel, and powder form. It is used in natural medicines and physicians recommend medicine with bentonite to people with high blood pressure and iron deficiency.
Growing demand for end-use applications such as rubber tires in the automotive industry and cleansers in pharmaceuticals is estimated to drive the bentonite market over the forecast period. The growing popularity of bentonite among end-use industries such as food, cosmetics, and automotive due to its superior binding ability is anticipated to boost the demand for bentonite over the forecast period.
Stringent regulations by the US government on chemical additives that are used with bentonite in drilling are expected to restrain the growth of the bentonite market.
Sodium bentonite and calcium bentonite are widely used in drilling mud. Sodium bentonite is expected to be the largest product segment in the global bentonite market. It is an inexpensive material, easy to install, and its long durability properties are expected to boost the demand for sodium bentonite over the forecast.
Drilling mud is expected to be the largest application segment in the global bentonite market. Increasing demand for iron ore in steel manufacturing is estimated to have a positive impact on the bentonite market over the forecast period. Foundry sand is estimated to be one of the major application segments.
Increasing demand for bentonite in foundry molds for metal casting of engine blocks, brake drums, cast iron pans, manhole covers, and brass water fitting is anticipated to have a positive impact on the global bentonite market over the forecast period.
The Asia Pacific is expected to be the largest regional market. Growing construction and metal industries are expected to fuel the demand for bentonite in the region. China is expected to be the major consumer of bentonite in the region. Europe is expected to be one of the major regions, owing to the rise in the green sand casting process which is expected to drive the bentonite market in Europe.
Market segmentation and key players operating in the global market:
Global bentonite market segmentation, by-product:
Global bentonite market segmentation, by application:
- Drilling mud
- Foundry sand
Global market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- MidPoint Chemicals Company, LLC
- Minerals Technologies Inc.
- Clariant International Ltd.
- Ashapura Group
- AMCOL International Corp.
- Cimbar Performance Minerals Inc.
- IMERYS SA
- Kutch Mineral
- Wyo-Ben Inc.
- Bentonite Performance Minerals LLC
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