$1.95 bn Opportunity by 2024 in the Bentonite Market
Date: 2019-01-23   Author: Ronak Bora  Category: #market

$1.95 bn Opportunity by 2024 in the Bentonite Market

North America led by the Mexico, Canada, and the U.S. calcium bentonite market may witness gains of about 5% by 2024. This product offers healing, detoxifying and curative properties which increases its suitability for cosmetics and natural healthcare products. It enhances the immune system and reduces the possibility of infections by eliminating toxins which may enter the body via unhealthy food, paints and pesticides, thereby creating growth opportunities for bentonite market.

Europe sodium bentonite market demand from foundry sands applications led by UK, Germany, France and Spain may surpass USD 50 million in the forecasted period. This product possess high swell capacities & viscosity thereby making it ideal for green sand formulations used in iron & steel casting industry. The product serves as the glue which holds various particles of foundry sand together and provides high strength in less preparation time which may promote growth of bentonite market.

Request for a sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1492

Rising product demand for iron pelletizing operations in the steel industry may accelerate growth of bentonite market. The upgradation of iron ore to improve iron content results in the generation of iron ore filter which requires pelletizing if it is to be used in steel manufacturing operations. The product acts as a binder by imparting high strength to roasted & dry pellets thereby ensuring their safe transportation, which may stimulate product demand.

Increasing pet ownership in Germany, UK and France on account of reducing community involvement and the breakdown of conventional social support systems has led to growing demand for pet litter products thereby stimulating bentonite market growth. Moreover, the product eliminates undesirable odors by allowing regular removal of urine & feces along with providing cost-efficiency as compared to its conventional clay litter counterparts owing to its longer shelf life which may further boost bentonite market growth.

Rise in offshore drilling activities in the U.S. to satisfy rising oil & petrochemical demand and deal with exhausting onshore petroleum reserves may promote growth of bentonite market size. The product increases hydrostatic pressure in the borehole thus preventing the ingress of gas & fluid and increasing stability. It also cools and lubricates the drill bit, protecting it from corrosion and keeping the cuttings in suspension thereby preventing the formation of sludge at the borehole bottom which is further predicted to stimulate market growth.

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/1492

Sodium bentonite market from civil engineering applications was valued at over USD 65 million in 2017. This product possesses excellent bonding strength, plasticity, lubricity, low permeability and compressibility. It has diverse application potential in foundation & excavation works which include protective barriers, digging bored piles, diaphragm walls, and the construction of cutoff walls, grouting mortars. The product ensures foundational stability by preventing wall collapse, offers sealant properties, prevents debris deposition at the base of excavations, and allows easy displacement by concrete which is poised to stimulate the growth of bentonite market.

Bentonite market share is competitive and moderately fragmented among various manufacturers such as Minerals Technologies, CETCO, Delmon Group, Halliburton, Ashapura Minechem, MIDPOINT Chemicals, CB Minerals and CIMBAR Performance Minerals. Prominent manufacturers are indulging in strategic acquisitions to achieve market expansion and in the construction of new production facilities to meet rising product demand.


About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.


Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: [email protected]

Web: https://www.gminsights.com

Blog: http://headlinenewsnation.com


About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for AlgosOnline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.


Read More

More from Ronak

Post Recommendents

Neuromorphic Computing Market Global Outlook on Key Growth Trends, Factors
Author: Partha Ray

The latest report on ' Neuromorphic Computing market' as Added by Market Study Report, LLC, offers comprehensive details on industry size, regional spectrum and revenue estimates of the business. In addition, the report stresses on major challenge...

Nerve Monitoring System Market 2019 Global Analysis, Trends, Forecast up to 2025
Author: Partha Ray

The newest report on ' Nerve Monitoring System market' now available a MarketStudyReport.com, offers concise facts about the geographical landscape, industry size and revenue estimation of the business. Additionally, the report focuses on challeng...

Needles Market Detail Analysis focusing on Application, Types and Regional Outlook
Author: Partha Ray

The latest report on ' Needles market' now available at MarketStudyReport.com, delivers facts and numbers regarding the market size, geographical landscape and profit forecast of the ' Needles market'. In addition, the report focuses on major obst...