Dubai, UAE, March 25, 2020 (GLOBE NEWSWIRE) -- On account of diverse applications across industries such as oil & gas, pharmaceuticals, construction, food, and cosmetics, global bentonite market will exhibit promising growth during 2019-2027. Fact.MR’s latest study projects the CAGR at 5% through the course of forecast period.
“Bentonite’s ability to expand 10X its volume makes it ideal for drilling and mud-rotary processes. Moreover, preponderance of global oil & gas producers is causing a spike in demand for bentonite. Amplified demand for global energy consumption will push the market growth through 2027,” concludes Fact.MR.
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Bentonite Market – Key Findings
Bentonite Market – Key Driving Factors
Explore the complete bentonite market report with detailed market segmentation, 104 illustrative figures, and 80 data tables at - https://www.factmr.com/report/4560/bentonite-market
Bentonite Market – Key Restraints
The global bentonite market is a highly fragmented landscape with numerous regional and global manufacturers. Key players featured in this Fact.MR study include, but are not limited to, Halliburton Co., Mineral Technologies Inc., Clariant AG, Kunimine Industries Co., Kemira OYJ, Kutch Minerals, and Charles B Chrystal Co. Inc. Quality and pricing of bentonite remains the key focus areas of market players. To ensure long-term gains, they are collaborating with leaders of end-use industries to boost the consumption of bentonite through 2027. Prominent players must broaden their end-user applications for indubitable competitive advantage.
More About the Report
This 170-page study offers in-depth commentary on the bentonite market. The study provides compelling insights on the bentonite market on the basis of product type (sodium and calcium), application (drilling fluid, clarification agents, sealant, absorbent, and binder), and end-use industry (pharmaceuticals, construction, foundry, oil, and food) across seven regions (North America, Western Europe, Latin America, Eastern Europe, Asia Pacific Excluding Japan, Middle East & Africa, Japan).
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