Bentonite Market Forecast by Demand, Size, Shares and Opportunities through 2027

Posted by Arslan on February 28th, 2020

In a recent business intelligence study, FactMR presents the nitty-gritty of the global bentonite 7market considering 2014-2018 as the historic year and 2019–2027 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting bentonite market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.

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).

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.

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.

You can Request an Example Copy from here - https://www.factmr.com/connectus/sample?flag=S&rep_id=4560

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.