NEWARK, Del, June 05, 2023 (GLOBE NEWSWIRE) -- As per Future Market Insights, the bentonite market size is estimated to grow at a CAGR of 6.5%. In recent years, the Bentonite Market has grown significantly. Because of the rising use of bentonite in many industries around the world, this rise is projected to persist over the coming years, beginning in 2023 and ending in 2033.
Bentonite is used in drilling fluid, binders, absorption/adsorption, clarifying agents, and other industries. As a result, expansion in end-use industries is creating attractive opportunities for bentonite suppliers. In 2023, the global Bentonite market is expected to reach US$ 2.1 billion.
For info on vendors and their offerings – Request a sample report: https://www.futuremarketinsights.com/reports/sample/rep-gb-348
Because of rising energy demands, the bentonite industry is seeing increased usage in oil and gas drilling activities. Furthermore, numerous applications of bentonite in end-use sectors such as buildings, Foundry, medicines, and others have caused a surge in demand in recent years and are projected to dominate in the near future.
Infrastructure capitalization is expanding in developing and emerging markets around the world, attracting significant investments in building operations. As a result, raw materials such as building aggregates and bentonite benefit. Because of its swelling properties, bentonite is mostly employed in construction for sealant purposes. Growing construction activity around the world is expected to boost demand for bentonite during the predicted period.
Key Takeaways:
- The United States is expected to dominate the North American market, accounting for more than 80% of the market through 2033.
- Bentonite solution sales in the United Kingdom are predicted to expand at a staggering 5.5% CAGR by 2033.
- During the forecast period, demand for Bentonite in China is expected to grow at an outstanding 6% CAGR.
- The Drilling Fluids market is estimated to expand at a 6.3% CAGR between 2023 and 2033.
- The oil segment is predicted to increase at a CAGR of 6.2%.
“The United States is seeing profitable expansion in the global bentonite market as a result of increased investment by manufacturers aimed at boosting bentonite production capacity. Additionally, expanded oil and gas exploration efforts are likely to lessen reliance on other countries for energy. This is projected to boost bentonite sales in the near future,” - says an analyst at FMI.
Are you looking for deep information related to the latest trends, drivers, and challenges? Speak to Our Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-348
Competitive Landscape:
- Bentoproduct, a Bosnian organization that produces bentonite-based items, unveiled a takeover strategy to acquire Nemetali, a local mining organization, in January 2023. The securities commission of Bosnia and Herzegovina's Serb Republic authorized the offer.
- According to a research report released in April 2023, Phoslock Environmental technologies, a worldwide environmental technology firm that utilizes bentonite to eradicate extra nutrients from water through agricultural run-off, and industrial, and sewage treatment works, aims to increase operations in Casper.
Key Companies Profiled:
- Ashapura Group of Companies
- Black Hills Bentonite, LLC
- Charles B Chrystal Co. Inc.
- Clariant AG
- Halliburton Co.
- Kemira OYJ
- Kunimine Industries Co. Ltd.
- Kutch Minerals
- Mineral Technologies Inc.
- Polymer Drilling Systems (PDS) Co Inc.
- Wyo-Ben Inc.
Market by Categorization:
By Product Type:
- Sodium
- Calcium
- Others
By Application:
- Drilling Fluids
- Binder
- Sealant
- Absorbent/Adsorbent
- Clarification Agent
- Others
By End Use Industry:
- Oil
- Foundry
- Construction
- Food
- Pharmaceuticals
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Didn't find the data you are looking for? Our experts provide you with customized reports! https://www.futuremarketinsights.com/customization-available/rep-gb-348
More Valuable Insights:
Future Market Insights, in its new offering, presents an unbiased analysis of the global bentonite market presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
The study reveals essential insights by product type (calcium, sodium), by application (drilling fluids, binders, sealants, absorbents, clarification agents), by end use industry (oil, foundry, construction, food, pharmaceuticals) & region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
Table of Content (ToC):
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Kilo Tons) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Kilo Tons) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
Buy Now: https://www.futuremarketinsights.com/checkout/348
Have a Look at the Related Reports of Chemicals & Materials Domain:
Organo-modified Bentonite Market Share: The global organo-modified bentonite market is currently valued at US$ 271.8 million and it is set to reach US$ 501.3 million by 2033.
Sulphur Bentonite Market Size: Demand in the sulphur bentonite market is projected to grow at a CAGR of 5.0% between 2022 and 2029.
Asia Pacific Bentonite Market Trends: The Asia Pacific bentonite market is currently valued at around US$ 65,706.9 Thousand and is anticipated to expand at a CAGR of 5.9% to reach US$ 116,799.7 Thousand by 2032.
Sodium Sulfur Batteries Market Outlook: During the forecast period, the global sodium sulfur batteries market is expected to grow at a promising CAGR of 30% (2022 to 2032).
Sodium Bisulphite Market Demand: The sodium bisulphite market size is anticipated to rise at a CAGR of 4% from 2022 to 2032, from a value of US$ 461.19 Million in 2022 to US$ 682.68 Million by 2032.
Sodium Metabisulphite Market Growth: The global business is anticipated to witness a considerable CAGR of 5.3% during the period of 2022 and 2028.
Calcium Oxide Market Share: By the end of the forecast period, the market is expected to reach a peak valuation of US $7,661 Million.
Calcium Ammonium Nitrate Market Forecast: At the end of the forecast period, the calcium ammonium nitrate market is expected to be worth US$ 5 Million. As of 2022, the industry is likely to be valued at US$ 3.3 Million.
Calcium Acetate Market Sale: Pegged at 3% CAGR through 2029, the growth of the calcium acetate market is complemented by continual demand from variegated end-use areas such as pharmaceuticals, food & beverages, and textiles.
Adsorbents Market Value: Growing adoption of adsorbents in diverse industries such as water treatment, oil & gas, food processing, and air separation in pharmaceuticals is expected to boost the market.
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
Contact Us:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
LinkedIn | Twitter | Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
