With a few dominant players, the global market for
bentonite demonstrates a slightly consolidated competitive landscape,
states a new research study by Transparency Market Research (TMR).
The top four players in this market, namely, Minerals Technologies
Inc., Imerys SA, Clariant AG, and Ashapura Group, held more than 75%
of the overall market in 2015.
Currently, the key players are aggressively focusing
on the expansion of their capacity due to the soaring demand for
bentonite across the world. As the demand is higher than supply, the
market witnesses a high degree of competition within it. Over the
coming years, these companies are likely to make strategic
acquisitions in order to raise their share in the regional as well as
the global market, reports the research study.
This 123 page report gives readers a comprehensive
overview of the Bentonite market. Browse through 28 data tables and
39 figures to unlock the hidden opportunities in this market@
As per TMR’s estimations, the opportunity in the
global bentonite market is likely to increase at a CAGR of 3.0% over
the period from 2016 to 2024, rising from US$1.42 bn in 2015to a
value of US$1.85 bn by the end of the forecast period. Sodium
bentonite has been the most valued product in this market.
Researchers anticipate it to remain so over the next few years on the
account of the rising preference for green sand casting process in
the foundry.
Demand for Bentonite to Remain Strong from Foundry
Sands
According to the research report, bentonite is mainly
utilized in drilling mud, iron ore pelletizing, construction, foundry
sands, pet products, cosmetic, paper, and pharmaceutical products
across the world. Foundry sands have been registering a higher demand
for bentonite compered to other application segments. Thanks to the
constant rise in the automotive and the machinery industries, the
segments is likely to remain the key application area of bentonite
throughout the forthcoming years.
A geographical analysis of the global bentonite
market has also been presented in this market study. As per the
report, North America, Asia Pacific, the Middle East and Africa,
Latin America, and Europe are the key regions where the market for
bentonite has a presence. Among these, Asia Pacific has emerged as
the leading contributor to this market and is expected to remain so
over the forecast period. In 2015, it held a share of 30% in the
global market, marking its dominance.
With the soaring demand for bentonite in the
construction industry, the Asia Pacific market for bentonite is
anticipated to continue growing at a significant pace over the next
few years. Apart from this, the developments in the metal industry is
also projected to reflect positively on the Asia Pacific market for
bentonite in the near future. China, being the most prominent
consumer of bentonite across the world, is poised to surface as the
leading domestic market for bentonite in Asia Pacific, states the
research report.
Expansion in Construction Industry to Boost
Market’s Growth
“The expansion in the construction industry has
influenced the global bentonite market remarkably,” says the author
of this study. With the rising demand for smart infrastructure and
the increasing infrastructure expenditure in emerging economies, the
construction industry across the world has been registering a
significant rise. Bentonite, being one of the key raw materials used
in construction, has gained significant impetus in its demand due to
this since the last few years
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Bentonite market. Request a sample to stay abreast on the key trends
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The scenario is anticipated to remain so over the
forecast period, impacting the worldwide bentonite market greatly.
The continued demand for iron casting from the automotive and the
heavy equipment manufacturing industries and the rise in the
cosmetics and personal care industry are also projected to boost this
market substantially over the next few years. However, the decline in
the demand for IOP grade bentonite in China and the Sluggish growth
of the oil and gas industry may hamper the market’s progress in the
years to come, states the report.
The study presented here is based on a report by
Transparency Market Research (TMR), titled “Bentonite Market
(Product - Sodium Bentonite and Calcium Bentonite; Application -
Drilling Mud, Iron Ore Pelletizing, Foundry Sands, Pet Products,
Construction, Paper, Cosmetics, and Pharmaceuticals) - Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 -
2024.”
The global bentonite market has been segmented as
follows:
By Product Type
- Sodium Bentonite
- Calcium Bentonite
- Others
By Application
- Drilling Mud
- Iron Ore Pelletizing
- Foundry Sands
- Pet Products
- Constriction
- Others (paper, cosmetics, pharmaceuticals etc.)
About
Us
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company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
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information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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