Ocean View, DE -- (SBWIRE) -- 04/28/2020 -- Predominantly fueled by extensive applications of bentonite in drilling muds, iron ore pelletizing, foundry sands, and refining, bentonite market outlook is expected to expand significantly over 2018-2024. The product imparts high strength to roasted & dry pellets by working as a binder. It ensures safe transportation of pellets and helps to promote bentonite industry trends. Bentonite market forecast report estimates that global industry share will surpass $1.95 billion revenue by 2024.

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Companies covered:
Pacific Bentonite Ltd., Minerals Technologies Inc., Delmon Group of Companies, Black Hills Bentonite, CETCO, Halliburton, Wyo-Ben, Inc., Ashapura Minechem Limited, MIDPOINT Chemicals Company, CIMBAR Performance Minerals, CB Minerals, Bentonite Performance Minerals LLC (BPM), LKAB Minerals, Kutch Minerals, Clariant Ag, American Colloid Company

Sulphur bentonite industry size was valued at more than 680 kilo tons from foundry sand applications in 2017. The product is a key ingredient of green sand along with water and aggregate which makes a hydrated mixture to be generally used in metal casting sector. Sand particles are held together by Sulphur bentonite, high strength and enhancing advantageous swell properties. Such benefits of Sulphur bentonite are projected to boost bentonite market share growth.

Intensifying pet ownership in the UK, France, and Germany on account of decreasing community involvement and collapse of traditional social support systems has resulted into expanding requirement for pet litter products. Furthermore, bentonite eradicates unwanted smells by allowing routine removal of feces and urine. It also provides cost-effective solution when compared to traditional clay litter counterparts due to lengthier shelf life which is predicted to boost bentonite market outlook.

In 2017, sodium bentonite industry share from civil engineering applications was evaluated at more than $65 million. The product has exceptional plasticity, bonding strength, lubricity, compressibility, and low permeability. It has high application potential in foundation and excavation activities which consist of digging bored piles, protective barriers, construction of cutoff walls, diaphragm walls, and grouting mortars. Sodium bentonite helps to ensure foundational stability by avoiding wall collapse, acting as sealant, averting deposition of debris at excavation base, and enabling effortless displacement by concrete which will stimulate bentonite market size.

Escalating offshore drilling activities in the U.S. to answer growing demand of oil and petrochemical and handle depleting onshore petroleum reserves will push the growth of bentonite market. Bentonite upsurges hydrostatic pressure in borehole and prevents ingress of fluid & gas and reinforces stability. It also lowers the temperature and lubricates drill bit to avoid corrosion and keep cuttings in suspension. This helps to prevent the deposition of sludge at the bottom of the borehole which will encourage bentonite industry share growth.

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The U.S. calcium bentonite industry size is predicted to earn gains at around 5.5% from drilling mud applications over 2018-2024. Developments in fracking & drilling technology in the nation has resulted into augmented production of oil & natural gas which answers rising demand for drill muds. Drilling fluids contribute to create boreholes which are essential when it comes to accessing petroleum reserves. Bentonite holds stone detritus while purge pumps are idle which is likely to impel the U.S. calcium bentonite market share.