The market research report, entitled Bentonite Market shows good possibilities in the Bentonite Market during the next five-year period and ensures more information regarding market trends. The following summary will give an overview of the drivers, challenges, and key players in the market.
Global Bentonite Market Forecast:
The Bentonite Market is likely to witness an impressive CAGR of 8.0% during the forecast period. Infrastructure growth in developing economies such as India, Brazil, and China is driving the construction industry and hence, boosting the bentonite market. Bentonite is used in tunneling, building waterproof screens, slurry walls, waterproofing foundations, and stabilization of casings.
Key Players
The following are some of the key players in the Bentonite Market:
- Mineral Technologies
- Delmon Group of Companies
- CETCO
- Black Hills Bentonite
- Halliburton.
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COVID-19 Impact on Global Bentonite Market
The COVID-19 pandemic is likely to favorably impact market growth. To curb the spread of the virus, countries worldwide are imposing restrictions and are promoting social distancing measures. Strict restrictions on the movement of people are further expected to negatively impact land-based casino operations.
Bentonite Market Segmentation:
The report segments based on demographics, geographics, benefits, and volume, etc, have different driving factors and identify the most attractive segments and sub-segments. Bentonite Market segmentation will not only help marketers to be more efficient in terms of time, money, and other resources but also allows companies to learn about their target audience so that they can tailor campaigns and increase market share and revenue.
By Product Type
Based on the product type, the market is segmented as sodium bentonite, calcium bentonite, sulphur bentonite, and others. Sodium bentonite is likely to dominate the market owing to higher water absorption than calcium bentonite, it can be used as binders, liner materials, and waterproofing materials.
By Application Type
Based on the application type, the market is segmented as foundry sands, cat litter, iron ore pelletizing, refining, drilling muds, civil engineering, and others. Foundry sands application dominated the market in 2020 and is expected to remain the major application type during the forecast period.
Note: This report will be refreshed to consolidate the effect of COVID-19, available for the time of 2021 to 2026.
Regional Analysis
In terms of regions, North America is estimated to be the largest market driven by large-scale drilling and exploration activities in the USA. Asia-Pacific is expected to witness the highest growth during the forecast period driven by emerging economies such as China, India, ASEAN countries, and others.
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