June 21, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Bentonite Market.
It was estimated prior to this unanticipated outbreak that the Bentonite Market is likely to witness an impressive CAGR of 8.0% during the forecast period. Infrastructure growth in developing economies such as India, Brazil and China is driving the construction industry and hence, boosting the bentonite market. Bentonite is used in tunneling, building waterproof screens, slurry walls, waterproofing foundations and stabilization of casings.
Market Scope & Segmentation
Bentonite is a colloidal clay mineral, formed from weathering volcanic ash often in the presence of water. It is a naturally occurring clay, prominently consisting of montmorillonite, having high water absorption capacity, which results it to expand and swell. The swelling action of absorption of bentonite is contingent on its ion exchange capacity. Bentonite market is segmented as by product type into sodium, calcium, sulphur, and others and by application type into foundry sands, cat litter, iron ore pelletizing, refining, drilling muds, civil engineering, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the product type, the market is segmented as sodium bentonite, calcium bentonite, sulphur bentonite, and others. Sodium bentonite is likely to dominate the market owing to higher water absorption than calcium bentonite, it can be used as binders, liner materials, and as water proofing materials.
Based on the application type, the market is segmented as foundry sands, cat litter, iron ore pelletizing, refining, drilling muds, civil engineering, and others. Foundry sands application dominated the market in 2020 and is expected to remain the major application type during the forecast period.
In terms of regions, North America is estimated to be the largest market driven by large scale drilling and exploration activities in the USA. Asia-Pacific is expected to witness the highest growth during the forecast period driven by emerging economies such as China, India, ASEAN countries, and others.
Key players operating in the global Bentonite market are-
- Mineral Technologies
- Delmon Group of Companies
- Black Hills Bentonite
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Bentonite analysis report discusses the following heads in great detail:
· Market structure: Overview, industry life cycle analysis, supply chain analysis
· COVID-19 Impact Assessment
· Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
· Market trend and forecast analysis
· Market segment trend and forecast
· Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
· Attractive market segments and associated growth opportunities
· Emerging trends
· Strategic growth opportunities for the existing and new players
· Key success factors
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