Pune, India -- (SBWIRE) -- 11/19/2018 -- The main objective of this report is to define, describe, and forecast the global "Bentonite" market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market. According to the report, the global bentonite market is projected to grow at a CAGR of 5.1% over the forecast period of 2018-2024.
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Growing Consumption Of Bentonite In The Industrial Applications Is The Key Factor That Drives The Growth Of Bentonite Market
Combinations of water and bentonite can perform a multitude of functions in the industry including drilling, binder, purification, absorbent, groundwater barrier and many others. Growing consumption of bentonite in the industrial applications is the key factor that drives the growth of bentonite clay market. In addition, the rapidly mounting demand of bentonite from various end-use industries such as construction, paper and pulp, Agriculture, Ceramics, Food industry, Pharmaceuticals, cosmetics, and others are likely to escalate the growth of bentonite market. In the agriculture, the Bentonite is used as an ion exchanger for soil improvement and conditioning. Bentonites play a vital role in the formation of wine, edible oils, and fats as it removes impurities in oils, and enhance clarification and protein stabilization.
Furthermore, Bentonite is significantly used in the metal casting and foundry applications. The rising metal casting and foundry applications coupled with the growing automotive industry are anticipated to boost the demand of bentonite market. Moreover, growing use of bentonite in the cosmetic, water treatment and personal care products is projected to create several growth opportunities for the bentonite market. The awareness about the wastewater treatment is rising the demand for bentonite is also increased as it has high adsorption capabilities, and they are easily available with low price.
Bentonite Mixing Reliant On Landia
In September 2018, Landia has been awarded a contract to supply a second set of submersible propeller mixers for a major project in Yorkshire that is producing a high-value, multi-nutrient organic fertiliser.
Following an initial delivery for leading tank and silo manufacturer, Reliant Installations, which over 12 months proved that the Landia mixers could handle the demanding Bentonite application, this new order sees more units being supplied for an above-ground tank in which mixers from another manufacturer were unable to keep the fine abrasive alkaline drilling mud - density 1.05 to 1.25 (free-flowing) in suspension - without breakdowns or costly replacement of moving parts.
North America holds the market share in the bentonite market
North America holds the market share in the bentonite market owing to a large number of exploration and drilling activities. The strict government regulations regarding drilling activities among the North America region is hampering the growth of the bentonite market that may further affect the market growth. In addition, Asia Pacific is the fastest growing region in then bentonite market and expected to be the leading market in upcoming years. Growing consumption of bentonite across various end-use industries including construction, Oil and gas, cosmetic, food industry and many others are driving the growth of the bentonite market. The growing cosmetic and personal care industry in the Asia Pacific region is contributing to the growth of the bentonite market.
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The major key players in Bentonite Market are Minerals Technologies Inc, Clariant, Imerys, Bentonite Performance Minerals LLC, Ashapura Group, Wyo-Ben Inc, Delmon Group of Companies, and Black Hills Bentonite.
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