Bentonite Market Annual Sales,Revenue,Company Profile, Key Trend Analysis & Forecast, 2020–2028

 Reports and Data’s latest market research report, titled ‘Global Bentonite Market’, meticulously studies the vital elements of the global Bentonite business landscape

The Bentonite Market is forecasted to grow from USD 1.32 Billion in 2018 to USD 2.16 Billion by 2026, at a CAGR of 6.1%, during the forecast period. The market is primarily driven by the increasing demand for bentonite from the oil and gas industry as an additive for drilling mud.

Increase in oil and gas drilling activities in combination with increasing application in geosynthetic clay liners and the medical industry are expected to drive the market during the forecast period.

Increasing infrastructural growth in China, India, Japan and Malaysia is predicted to boost the construction industry as a result of increased public spending and thus accelerate the size of the market.

The increase in environmental concerns about wastewater treatment due to high toxic and radioactive chemicals is expected to promote growth for bentonite. Wastewaters generally have a high demand for chemical oxygen, which causes risk of mortality for aquatic animals and imparts unwanted odor and dirt.

The market for bentonite may be restricted by the inability to prevent the formation of mud cake and swelling in oil wells that hinder the rate of production.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1249

Further key findings from the report suggest:

  • The market for foundry sands is estimated to reach USD 561.9 Million in 2026, at a CAGR of 6.6% during the forecast period. The demand for bentonite in foundry molds for metal casting of brake drums, engine blocks, manhole fittings, brass water fittings, transmission housings and cast iron panels is increasing.
  • The market for Asia Pacific (APAC) is expected to reach USD 648.4 Million in 2026, at a CAGR of 9.3% during the forecast period due to the favorable polices and beneficial initiatives by the governments of India, China and Japan. It is estimated that the region is experiencing high demand for bentonite from the oil & gas, metallurgy and construction industries. It is likely that the majority of future demand will come from India, China, Greece, Turkey and Australia.

Top Key Players: 

  • AMCOL International (US),
  • Wyo-Ben Inc (US),
  • MidPoint Chemicals Company (US),
  • M-I SWACO (US),
  • Volclay International (US),
  • Kemira (Finland),
  • Alfa Aesar (US),
  • Charles B. Chrystal Co. Inc. (US),
  • Cimbar (US),
  • and Amsyn Inc (US).

Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/1249

Types:

  • Sodium Bentonite
  • Carbon Bentonite
  • Others

Application:

  • Foundry Sands
  • Iron Ore Pelletizing
  • Pet Litter
  • Drilling Mud
  • Civil Engineering
  • Refining
  • Others

To know more about the report @ https://www.reportsanddata.com/report-detail/bentonite-market

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