Bentonite Industry Analysis Growth Overview
Bentonite is a commercially used name for naturally occurring clay which significantly consists of montmorillonite. It is formed from weathering of volcanic ash. Bentonite clay has high water absorption capacity which expand it and leading to swelling. In addition, it possesses superior plasticizing properties which are used in filling the void and parching cracks. Moreover, they are used in numerous applications as a binder, sealants, adsorbent, and absorbent.
According to MRFR analysis, the Global Bentonite Industry Analysis Growth is projected to reach USD 1.62 Billion with a moderate CAGR of 4.1% during the forecast period.
Based on product, the global Bentonite Industry Analysis Growth has been segmented into sodium bentonite, calcium bentonite, sulfur bentonite, and others. The sodium bentonite segment held the largest market share in 2018 and is projected to register the highest CAGR during the review period. This is attributed to its ability to absorb large amounts of water, high alkalinity, thermal stability, high viscosity, and high strength formation and is used in the foundry Industry Analysis Growth as a binder to enhance the product quality and reduce scrap generation.
On the basis of application, the global Bentonite Industry Analysis Growth has been classified into foundry sands, cat litter, iron ore pelletizing, refining, drilling muds, absorbent/adsorbent, binder, sealant, civil engineering, and others. The foundry sands segment dominated the global market in 2018 which was followed by drilling fluids and iron pelletizing application segments. This is largely attributed to its increasing adoption in foundry molds for the metal casting of utility hole covers, transmission housings, brake drums, engine blocks, cast iron pans, among others.
By end-use Industry Analysis Growth, the global Bentonite Industry Analysis Growth has been categorized into pharmaceuticals, construction, oil and gas, food and beverages, cosmetics, paper and pulp, agriculture, wastewater treatment, and ceramics. The oil and gas segment accounted for the largest market share in 2018 and is followed by construction and cosmetics owing to the growing demand for bentonite in drilling fluids applications.

Bentonite Industry Analysis Growth Competitive Analysis
Black Hills Bentonite, LLC (US), Halliburton (US), Kemira (Finland), CB Minerals (US), Minerals Technologies Inc (US), Clariant (Switzerland), Alfa Aesar (US), KUNIMINE INDUSTRIES CO., LTD (Japan), Ashapura Group (India), Wyo-Ben, Inc. (US), Pacific Bentonite Ltd. (Canada), Delmon Group of Companies (UAE), CIMBAR PERFORMANCE MINERALS (US), LKAB Minerals (Sweden), and Kutch Minerals (India) are some of the key players operating in the global Bentonite Industry Analysis Growth.

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Market Segmentation
The global Bentonite Industry Analysis Growth has been segmented on the basis of product, application, end-use Industry Analysis Growth, and region.
By product, the global Bentonite Industry Analysis Growth has been divided into sodium bentonite, calcium bentonite, sulfur bentonite, and others.
Based on application, the global Bentonite Industry Analysis Growth has been segmented into foundry sands, cat litter, iron ore pelletizing, refining, drilling muds, absorbent/adsorbent, binder, sealant, civil engineering, and others.
On the basis of end-use Industry Analysis Growth, the global Bentonite Industry Analysis Growth has been categorized into pharmaceuticals, construction, oil and gas, food and beverages, cosmetics, paper and pulp, agriculture, wastewater treatment, and ceramics.
The global Bentonite Industry Analysis Growth has been studied across five key regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

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