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Global Bentonite Market Is Expected To Create An Absolute $ Opportunity Of Worth US$ 500 Million By 2027

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.

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. 

Bentonite Market Segmentation

Fact.MR has studied the bentonite market with detailed segmentation on the basis product type, application and key regions.

Key Players to focus on Aggressive Pricing Strategy

With the presence of numerous global and local bentonite manufacturers, players are focusing towards pricing and quality of bentonite. Collaboration of various foundries and drilling industry players over long term forecast will help to increase the consumption of bentonite by the respective players.

 

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