Bentonite Market foreseen to grow exponentially over 2027Posted by Divakar on April 26th, 2021 Bentonite is a naturally occurring clay with excellent capabilities of absorbing and adsorbing. With these properties bentonite is being extensively used in personal care, pharmaceutical, construction and oil & gas industry. Increasing demand for cosmetic products and rapid development in the construction sector has resulted in heightened demand for bentonite as a cleansing agent and water absorbing agent respectively. Increasing consumption of bentonite as a binder in foundry-sand is expected to propel growth of the market over the forecast period (2019-2027). To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=4560 Sodium bentonite is the most preferred variant for foundry and construction. Whereas, calcium bentonite is used in number of applications such as cosmetic and animal feeding. The above represented scenario is forecast to drive the market at a steady CAGR of ~5% in the forecast period, reveals Fact.MR, in a recently published report on global bentonite market Key Takeaways of Global Bentonite Market
“Attributed to its greasy, viscous and expanding properties bentonite is the best choice as feeding additive for drilling in oil and natural gas extraction”, says a Fact.MR analyst. Burgeoning Demand from Myriad Applications to open up New Avenues for Market Players Escalating demand from oil and gas industry for drilling fluid is projected to propel the bentonite market. Increasing demand from foundry and construction industry are poised to create a progressive environment for the market. Companies are expanding their application reach to increase the demand for these products. For instance, bentonite offered by Clarient AG a Swiss based chemical company, is used for foundry sand binders, edible oil purification, feed additives and drilling fluids. More Valuable Insights on Bentonite Market: Fact.MR, in its new offering, presents an unbiased analysis of the global bentonite market, presenting historical demand data (2014-2018) and forecast statistics for the period of 2019-2027. The study divulges essential insights on the bentonite market on the basis of product type (sodium, calcium and others), application (drilling fluid, binder, sealant, absorbent or adsorbent, clarification agent and others) and end use industry (oil, foundry, construction, food, pharmaceuticals and others) across six major regions. Interested to Procure The Data? Inquire here at – http://www.globenewswire.com/en/news-release/2020/03/25/2006256/0/en/Billion-dollar-Bentonite-Market-Witnesses-Promising-Growth-Sodium-Bentonite-Reckons-over-50-Demand-Fact-MR.html Like it? Share it!More by this author |