(MENAFN- America News Hour) Research Nester published a report titled “Bentonite Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global bentonite market in terms of market segmentation by product, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global bentonite market is estimated to occupy a large revenue by growing at a CAGR of ~4% during the forecast period, i.e., 2022 – 2030, owing to the escalating use of bentonite in drilling fluid applications and oil well cement, and rising construction activities across the globe. Apart from these, growing usage of iron pellets in steel manufacturing in the world is also expected to drive market growth in the coming years.
The global bentonite market is segmented by product and application. Based on product, the segment for sodium is anticipated to grab the largest market share during the forecast period on the back of its chemical-proof sealing capacity making it easy to install. Additionally, by application, the foundry sands segment is projected to witness the highest growth over the forecast period ascribing to their growing demand for foundry molds for several applications.
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Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab the largest share in the market during the forecast period attributing to the large number of oil exploration and drilling activities in the region. Moreover, the market in Asia Pacific is assessed to grow by the highest rate in the future owing to the high demand for the product from metallurgy, oil and gas and construction industries.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Growing Construction and Infrastructural Activities in the World to Boost Market Growth
Since the last two decades, a large portion of people are migrating to urban centers for better employment opportunities and an improved lifestyle. This is giving rise to the construction of smart cities and several residential and commercial complexes. As bentonite is gaining worldwide popularity for its high viscosity and thixotropy, which in turn is projected to drive market growth in the near future.
However, hazardous effects of bentonite on environment are expected to operate as key restraint to the growth of the global bentonite market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global bentonite market which includes company profiling of MidPoint Chemicals Company, Amcol Australia Pty Ltd, Volclay International, Charles B. Chrystal Co. Inc., Amsyn Inc, Wyo-Ben Inc, Minerals Technologies Inc., Kemira Oyj, Schlumberger Limited, Cimbar Performance Minerals, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global bentonite market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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