Brandessence Market Research recently added the Bentonite Market research report which offers a thorough study of the market scenario regarding the market size, share, demand, growth, trends, and forecast from 2020-2026. The report deals with the impact analysis of the COVID-19 pandemic. The COVID-19 pandemic has impacted exports, imports, demand and trends in the industry and is expected to have some economic impact on the market. The report offers a comprehensive analysis of the impact of the pandemic across the industry and provides insights into a post-COVID-19 market scenario.
Increase in construction Industry and metal casting applications are key drivers for Global Bentonite Market.
Scope of Bentonite Reports –
Bentonite is an absorbent clay aluminium phyllosilicate mainly consist of montmorillonite.it is formed from weathering of volcanic ash which is mainly found in water bodies. It is mainly use in metal casting, construction and other industries for various wide applications. So, during the study of global bentonite market, we have considered bentonite product type and application to analyze the market.
Global bentonite market report is segmented on the basis of product type, application type, and by regional & country level. Based upon Product type, global bentonite market is classified assodium bentonite and calcium Bentonite. Based upon application type, global bentonite market is classified as drilling mud, iron ore pelletizing, foundry sands, pet products, construction, and others.
The regions covered in this Bentonite Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Benonite is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
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Global bentonite market report covers prominent players like IMERYS SA,Minerals Technologies Inc., Charles B. Chrystal Co. Inc.,Bentonite Performance Minerals LLC, Wyo-Ben Inc, Alfa Aesar,Clariant International Ltd.,Volclay International, American Colloid Co., Canbensan, Ashapura Group,Amsyn Inc.,Dantonit A/S, MidPoint Chemicals Company, AMCOL International,and others.
Market Dynamics –
The commercialization and growth of global bentonite market over the past 25 years has been highly impactful. Due to the rapid expansion of construction industry and significant demand of smart infrastructure over the forecast fuels the Bentonite market. There is an increased demand for infrastructural development due to the developing tends in the construction industry. There are variousgovernment initiatives which have increased the construction and have specific guidelines for the same. Bentonite has also used in petroleum industry and increased production of petroleum will fuel the growth of bentonite market. In 2015, U.S. was the world’s largest oil consuming nation and the world’s largest natural gas consuming nation, consuming nearly around 851.6 million metric tons.
Market Segmentation –
By Product type analysis
Sodium Bentonite, Calcium Bentonite
By Application type Analysis
Drilling Mud, Iron Ore Pelletizing, Foundry Sands, Pet Products, Construction, Others
Market Regional Analysis –
North America dominates the market with highest market share due to the drilling activities and large scale exploration activities, pet products are also support the growth due to the increase in pet adoption in this region. Approximately 44% of all households in the United States have a dog, and 35% have a cat. Europe is expected to experience a moderate growth over the forecast period due to the increase in the sand casting and automotive industry. Asia Pacific is expected to grow rapidly due to the rapidly increasing construction industry. Due to the presence of developing countries in this region such as India, China and others due to the rapid industrialization which includes construction, automotive and other will further support the growth of bentonite market over the forecast period.
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