Global Bentonite Market Size By Product, By Application, By Geographic Scope And Forecast
Bentonite Market Size And Forecast
Bentonite Market was valued at USD 1.45 Billion in 2019 and is projected to reach USD 2.05 Billion by 2027, growing at a CAGR of 4.5% from 2020 to 2027.
Global Bentonite Market Outlook
Rising infrastructure in growing economies and increased public expenditure is expected to propelling the market growth. Also, oil and gas sector is prominent end user of the Bentonite as it is used to eliminate impurities from oil ad wastewater. Moreover, it is also used as binding agent in manufacturing iron and various applications in paper, polisher, dyes, detergent, cosmetics, and animal feed industries are driving the market growth of Bentonite. On the contrary, stringent government regulations due to environment concerns and adverse health effects are restricting the market growth of Bentonite. In spite of this increasing demand in foundry molds for metal casting of engine block, cast iron pans, manhole covers and brake drums are anticipated to show positive impact in the coming years.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Bentonite Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Bentonite Market Competitive Landscape
The Global Bentonite Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Bentonite Company LLC, BariteWorld, Bentonit Uniao, Bentonite Performance Minerals LLC, American Colloid Company, Alfa Aesar, Atlantic Screen ; Mfg., Inc., Bulk Apothecary, Black Hills Bentonite, Aydin Bentonit, Ashapura Group of Companies, and CIMBAR Performance Minerals.
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