Steadily rising construction industry is expected to bode well for the global bentonite market. The latest research report published by QY Research assesses the future of the overall market and the impact of urbanization.
The global bentonite market was valued at US$1194 mn in 2018 and it is expected to reach US$1691 mn by the end of 2025, rising at a CAGR of 5.1% between 2019 and 2025. QY Research analysts have published a detailed report of the market, titled “Global Bentonite Market Research Report 2019”, to analyse the growth, trends, and other factors influencing the global bentonite market.
Global Bentonite Market: Drivers
The consistent urbanization is indicating a substantial growth in the construction industry, which is creating a great demand for the bentonite. The ability of this product to offer plasticizing property to construction makes it an important part of the construction industry. Emerging economies with upcoming housing projects are expected to offer a plethora of opportunities to the bentonite market in the near future. Bentonite is also expected to be used infrastructural developments such as building of dams, bridges, sea canals, and hydropower plants amongst others. Usage of bentonite in wastewater management due to is ability to absorb inorganic and organic cations is also projected to work in the favor of the global market in the coming years.
Global Bentonite Market: Segment Analysis
The global bentonite market is segmented on the basis of type and application. In terms of type, the market is segmented into sodium bentonite and calcium bentonite. In terms of application, the market is segmented as molding sands, pet litter, iron ore pelletizing, civil engineering, drilling mud, and agriculture. Among these, the civil engineering and mud drilling segments are expected to remain dominant in the global bentonite market during the forecast period.
Global Bentonite Market: Regional Analysis
Based on the region, the global bentonite market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. The high pace of urbanization has fuelled the bentonite market in Asia Pacific. Investments in improving and upgrading infrastructure in developing economies is expected to keep Asia Pacific in the lead. North America also holds a strong position in the global market due to the demand as bentonite is used in oil and gas exploration activities.
Global Bentonite Market: The Key Players
The key players studied in the global bentonite market research report are Amcol, Wyo-Ben Inc, Bentonite Performance Minerals LLC, Black Hills Bentonite, Wyo-Ben Inc., Imerys (S&B), Tolsa Group, Bentonite Company LLC, Clariant, LKAB Minerals, Laviosa Minerals SpA, Ashapura, Kunimine Industries, Fenghong New Material, Star Bentonite Group, Huawei Bentonite, Liufangzi Bentonite, Chang’an Renheng, Bentonit Uniao, Canbensan, Castiglioni Pes y Cia, Aydin Bentonit, G & W Mineral Resources, KarBen, Elementis, and Ningcheng Tianyu.
The growing applications of bentonite is helping the key players to unfurl their potential to reach the global market. Though the construction and civil engineering activities are the primary markets for bentonite, the use of it in pet food and cosmetics are expanding its market demand and thus the future possibility of the global bentonite market.
Full Report Overview@ https://www.qyresearch.com/index/detail/1220697/global-bentonite-market