SAN FRANCISCO, December 7, 2016 /PRNewswire/ --
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.
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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.
Browse full research report with TOC on
"Bentonite Market Analysis By Product (Sodium, Calcium),
By Application (Foundry Sands, Iron Ore Pelletizing, Pet Litter,
Drilling Mud, Civil Engineering, Refining), By Region (North America, Europe, Asia
Pacific, Latin America,
MEA), And Segment Forecasts, 2013 - 2024" at:
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.
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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)
- 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
- Europe
- Asia Pacific
- Latin America
- MEA
Access research insight:
http://www.grandviewresearch.com/research-insights/bentonite-market-insights-size
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, we offer market intelligence studies ensuring relevant
and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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Grand View Research, Inc
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