Maximize Market Research's latest report, " Global Bentonite Market Global Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Global Bentonite Market was valued US$ XX Bn in 2019 and is forecasted to reach US$ XX Bn by 2027 at a CAGR of XX %.
Global Bentonite Market Overview
Foundry sands is the major application segment accounting for over 38% of global share. Increase in demand for bentonite in foundry molds for the metal casting of brake drums, engine blocks, manhole covers, brass water fittings, transmission housing and cast iron pans drives the Foundry sands application segment market. Drilling mud is the another largest application segment on account of rising use of iron ore pellets in the manufacturing of steel is expected to have a positive impact on the bentonite market over the forecast period.
Calcium and sodium bentonite are majorly used in drilling mud. Sodium bentonite is leading segment holding over half of the total revenue in 2017. Sodium bentonite is used in the foundry industry as a binder to improve product quality, productivity and minimize scrap generation, thereby driving bentonite market growth. Calcium bentonite product is use in various industrial oils such as dark oils, lubricants, diesel fuel, used edible oil and disposed engine oil expected to boost growth of bentonite industry size.
Asia pacific dominated the market followed by North America. Bentonite is also used as a major constituent of drilling fluids in oil & gas industry. Asia Pacific is set to grow at fastest rate in bentonite market. Rising infrastructural growth in China, India, Japan and Malaysia owing to increased public expenditure is predicted to trigger the construction industry and thereby fuelling the growth bentonite market. Southeast Asia construction market led by Malaysia, Indonesia and Singapore was valued at US$ 250 Bn in 2018 which indicates tremendous market growth potential.
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Global Bentonite Market Major Market Players
• Black Hills Bentonite
• Halliburton Co.
• Kemira OYJ
• Charles B Chrystal Co. Inc.
• Mineral Technologies Inc.
• Clariant AG
• Alfa Aesar
• Kutch Minerals
• Kunimine Industries Co. Ltd.
• Ashapura Group of Companies
• Wyo- Ben Inc.
• AMCOL International
• MidPoint Chemicals Company
• M-I SWACO
• Volclay International
• Amsyn Inc
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Bentonite Market by Types and Applications:
Global Bentonite Market, by Product:
• Sodium Bentonite
• Calcium Bentonite
• Sulphur Bentonite
Global Bentonite Market, by Application:
• Foundry Sands
• Cat Litter
• Iron Ore Pelletizing
• Drilling Muds
• Civil Engineering
Global Bentonite Market, by Region:
• North America
• Middle East & Africa
• Asia Pacific
• South America
The report has covered the market size by country (regions) for the global Bentonite market. Segment by Application. The Bentonite Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Bentonite Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Bentonite Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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