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.
Full research report on bentonite
market analysis:
http://www.grandviewresearch.com/industry-analysis/bentonite-market
http://www.grandviewresearch.com/industry-analysis/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.
View more reports of this category by
Grand View Research at: http://www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments
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
For press release of this report - http://www.grandviewresearch.com/press-release/global-bentonite-market
No comments:
Post a Comment