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Bentonite Market - Analysis, Size, Share

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Bentonite Market  -  Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
Global Bentonite Market: Overview
With Minerals Technologies Inc., Clariant AG, Imerys SA, and Ashapura Group acquiring the lead, the global bentonite market is demonstrating a consolidated vendor landscape, finds a new research report by Transparency Market Research (TMR). In 2015, these players held more than 3/4th of the overall market and the scenario is expected to remain more or less the same over the next few years. As of now, the leading players are emphasizing on the expanding their manufacturing capacity on account of the soaring demand for bentonite across the world. Since the demand is slowly inclining towards being greater than the supply, the market is likely to witnesses a high degree of competition in the near future and vendors are expected to involve more into strategic partnerships to sustain in this environment, states the market study.
As per the report’s estimations, the global bentonite market was worth US$1.42 bn in 2015. Increasing at a CAGR of 3.0% during the period from 2016 to 2024, the market’s opportunity is expected to reach US$1.85 bn by the end of the forecast period. Among all the products available in this market, sodium bentonite reports the most prominent demand. Research analysts at TMR anticipate this trend to remain so in the years to come, thanks to the increasing uptake of green sand casting process in the foundry.
Rise in Construction Industry to Boost Demand for Bentonite
“The global bentonite market is mainly influenced by the ongoing expansion in the construction industry,” says a research analyst at TMR. The increasing demand for smart infrastructure, coupled with rising expenditure in infrastructural development, has boosted the construction industry across the world, which in turn, is reflecting greatly on the sales of bentonite, as it is one of the important components used in the construction of a structure.
With continual urbanization, the demand for bentonite is anticipated to increase substantially in the near future, leading to a high growth of this market. However, the sluggish growth rate of the oil and gas industry and the declining demand for IOP grade bentonite in China may hamper the bentonite market progress over the next few years. Nonetheless, the surge in the cosmetics and personal care industry and the persistent demand for iron casting from the heavy equipment manufacturing and the automotive industries are projected to boost bentonite market significantly in the years to come, states the research report.
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Asia Pacific to Remain Dominant
A geographical assessment of the global bentonite market has also been presented in this market study. North America, the Middle East and Africa, Asia Pacific, Latin America, and Europe have been considered as the key regional markets for bentonite in this study. Among these, Asia Pacific has surfaced as the leading contributor to this market and is projected to remain on the top over the period of the forecast. The Asia Pacific bentonite market held 30% of the overall market in 2015, notes the research study.
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The review is based on a report by Transparency Market Research (TMR), titled “Bentonite Market (Product - Sodium Bentonite and Calcium Bentonite; Application - Drilling Mud, Iron Ore Pelletizing, Foundry Sands, Pet Products, Construction, Paper, Cosmetics, and Pharmaceuticals) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”
The global bentonite market has been segmented as follows:
By Product Type
Sodium Bentonite
Calcium Bentonite
Others
By Application
Drilling Mud
Iron Ore Pelletizing
Foundry Sands
Pet Products
Constriction
Others (paper, cosmetics, pharmaceuticals etc.)
By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Related Reports of Bentonite Market :
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Your exclusive blend of quantitative forecasting and trends analysis provides forward-       looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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