Bentonite is a colloidal clay mineral, formed by the alteration of volcanic ash. The two most common type of bentonite available in the market are: sodium bentonite and calcium bentonite. Sodium bentonite is often known as swelling bentonite, due to its high water absorption property. Bentonite are employed in various applications such as binding, sealing, and filling.
Albany, NY -- (SBWIRE) -- 06/09/2017 -- With the rise of foundry and metal casting industries, automotive and machinery & heavy equipment manufacturing industries, the global market for bentonite is witnessing a significant growth since the past few years. The global bentonite marketis expected to provide lucrative business opportunities and is the focus of a new research report recently added to the massive online collection of Market Research Reports Search Engine (MRRSE). The label of this report is "Bentonite Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024". The report provides a thorough enquiry about the current market situation as well as the future potential of the global bentonite market.
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The report investigates and forecasts the global market for bentonite at the global and regional level. The market has been forecast in terms of volume and revenue from 2016 to 2024, considering 2015 as the base year. As per the report, the global market for bentonite will witness growth at a CAGR of 3.0% from 2016 to 2024 and reach a value of US$1.85 billion by the end of 2024 from US$1.42 billion in 2015.
The report further includes drivers and restraints, along with their impact during the forecast period. It also highlights opportunities for existing as well as new market participants in the bentonite market at the global and regional level. It further comprises detailed value chain analysis and porter's five forces model, which provides a comprehensive overview of the global bentonite market. The study incorporates market attractiveness analysis, in which end-users are benchmarked in terms of their growth rate, market size and overall attractiveness. Moreover, the report also provides a decisive assessment of the global bentonite market by segmenting it in terms of product type into calcium bentonite, sodium bentonite and others and in terms of application into iron ore pelletizing, drilling mud, foundry sands, construction, pet products and others. These market segments have been examined based on their present and future trends. Geographically, the prominent regions studied in the report are North America, Asia Pacific, Europe, Latin America and Middle East & Africa.
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Some of the major companies operating in the global market are Minerals Technologies Inc., Clariant International Ltd., IMERYS SA, Ashapura Group, American Colloid Company, Bentonite Performance Minerals LLC, Dantonit A/S., and Canbensan. These market players have been profiled in terms of attributes such as financial overview, company overview, business strategies, SWOT analysis and major recent developments.
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