A comprehensive report on the Global Bentonite Market has been published by Reports and Data that offers insightful data about market dynamics, drivers, restraints, current and emerging trends, market size, market share, and revenue growth of the market.
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.
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.
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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).
Types:
- Sodium Bentonite
- Carbon Bentonite
- Others
Application:
- Foundry Sands
- Iron Ore Pelletizing
- Pet Litter
- Drilling Mud
- Civil Engineering
- Refining
- Others
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The research provides answers to the following key questions:
- What will be the growth rate of the Bentonite market ?
- What will be the market size and the share occupied by the prominent vendors by the estimated period?
- What are challenges and threats faced by the prominent vendors operating in the Bentonite market?
- Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
- What are the past, present and emerging trends likely to influence the growth rate of the Bentonite market?
- What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?
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