The global bentonite market size is expected to reach USD
1.93 billion by 2024, according to a new report by Grand View Research, Inc. Rising
product use as anti-scalants in applications such as foundry sands and water
treatment will augment market growth over the next eight years.
The increasing use of bentonite in iron ore pelletizing,
pet litter, drilling mud, civil engineering and refining applications will fuel
the product demand. Rising application scope of bentonite as a bonding agent in
non-ferrous and ferrous foundries is expected to propel product growth over the
forecast period.
Sodium bentonite is employed as a key constituent of
drilling fluids for boring holes of small diameter in environmental monitoring
wells, and mineral exploration. Furthermore, it is used in horizontal
directional drilling as lubricants to place pipelines and utility cables under
highways, streets, buildings & environmentally sensitive areas without
disruptive surface trenching. The growth of aforementioned application segments
is expected to fuel product demand over the forecast period.
Bentonite possesses properties like water absorption
which makes it an excellent sealant for environmental applications. Bentonite
products are also used in boring tunnels, subways & highways and pipelines
installation to transport sewage, storm water & drinking water. This is
expected to fuel product need over the next eight years.
In depth research report on Bentonite Market:
Further key
findings from the report suggest:
·
Calcium bentonite is expected to witness the
fastest growth at a CAGR of 4.7% from 2016 to 2024 as a result of its ability
to absorb a large amount of water and form thixotropic and viscous suspensions.
·
Foundry sands as an application for bentonite
will witness the fastest growth in terms of volume at a CAGR of 4.5% from 2016
to 2024 owing to its superior bonding properties.
·
Latin America market is expected to witness
significant growth and was estimated at over USD 110 million in 2015 on account
of rising infrastructure development and increasing exploration activities in
the
·
Key participants include AMCOL International
Corp., Wyo-Ben Inc., MidPoint Chemicals Company, LLC, Hindustan M-I Swaco
Limited, Charles B. Chrystal Co. Inc., Cimbar Performance Minerals Inc., Amsyn
Inc., Kutch Mineral, Clariant AG, Minerals Technologies Inc., Bentonite
Performance Minerals LLC. and Pacific Bentonite Ltd
·
Key companies in the market are focused on
increasing their global presence through mergers & acquisitions and plant
expansions.
Grand View Research has segmented the global bentonite
market on the basis of product, application and region:
Product type
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
·
Sodium
·
Calcium
·
Others
Application
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
·
Foundry sands
·
Iron ore pelletizing
·
Cat litter
·
Drilling mud
·
Civil Engineering
·
Refining
·
Others
Regional
Outlook (Volume, Kilo Tons, Revenue, USD Million, 2013 - 2024)
·
North America
o
U.S.
·
Europe
o
Germany
o
Russia
·
Asia Pacific
o
China
o
India
·
Latin America
o
Brazil
·
MEA
o
UAE
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category:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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