Global Bentonite Market was valued US$ 1.2 Bn in 2017 and is forecasted to reach US$ 1.72 Bn by 2026 at a CAGR of 4.6 %.

Rapidly mounting demand of bentonite from various end-use industries such as construction, paper and pulp, agriculture, ceramics significant used of bentonite in the metal casting and foundry applications drives the global bentonite market. Increasing product use across industries as groundwater barriers, absorbents for pet litter and oil & grease, liquor clarifiers, and binders in iron & steel manufacturing further propel market growth. Growing awareness of bentonite’s adverse health and environmental effects may restrain market growth. Bentonite when consumed as detox clay poses significant risk of lead consumption which may cause brain and kidney damage.

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Foundry sands is the major application segment accounting for over 38% of global share. Increase in demand for bentonite in foundry molds for the metal casting of brake drums, engine blocks, manhole covers, brass water fittings, transmission housing and cast iron pans drives the Foundry sands application segment market. Drilling mud is the another largest application segment on account of rising use of iron ore pellets in the manufacturing of steel is expected to have a positive impact on the bentonite market over the forecast period.

Calcium and sodium bentonite are majorly used in drilling mud. Sodium bentonite is leading segment holding over half of the total revenue in 2017. Sodium bentonite is used in the foundry industry as a binder to improve product quality, productivity and minimize scrap generation, thereby driving bentonite market growth. Calcium bentonite product is use in various industrial oils such as dark oils, lubricants, diesel fuel, used edible oil and disposed engine oil expected to boost growth of bentonite industry size.

Asia pacific dominated the market followed by North America. Bentonite is also used as a major constituent of drilling fluids in oil & gas industry. Asia Pacific is set to grow at fastest rate in bentonite market. Rising infrastructural growth in China, India, Japan and Malaysia owing to increased public expenditure is predicted to trigger the construction industry and thereby fuelling the growth bentonite market. Southeast Asia construction market led by Malaysia, Indonesia and Singapore was valued at US$ 250 Bn in 2018 which indicates tremendous market growth potential.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding bentonit market dynamics, structure by identifying and analyzing the market segments and project the market size. Further, the report also focuses on a competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER's analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in bentonite market.
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