Global Bentonite Market to Expand at 5.8% CAGR During 2015-2025: Future Market Insights
By Business Wire News
By Business Wire News
VALLEY COTTAGE, N.Y.
Future Market Insights (FMI), a global research and consultancy firm, delivers key insights on the global bentonite market in its latest report titled, “Bentonite Market: Global Industry Analysis and Opportunity Assessment 2015–2025.”
According to the report, the key factors driving the bentonite market are growth in the construction sector in developing regions, increasing applications of bentonite in agriculture and water treatment & filtration, and government support to SMEs.
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The key restraining factors identified in the report include low profit margin and increasing competition from substitute products. Increasing usage of bentonite in geosynthetics clay liner (gcl) for landfill application and growing usage of bentonite in landscaping application are some of the key trends in the market.
The global bentonite market is segmented on the basis of region, product type, end-use application and end-use industry.
Product type is further sub-segmented into sodium, calcium and others (includes potassium and aluminum).
On the basis of end-use application, the market is further sub-segmented into drilling fluid, binder, sealant, adsorbent/absorbent, clarification agent and others (includes bleaching, sprays and papermaking).
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On the basis of end-use industries the market is segmented into six segments namely; oil, construction, pharmaceuticals, foundry, foods and others.
Key regions covered in the report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Middle East & Africa and Japan.
According to the report, North America is the largest market for bentonite, accounting for 36.3% revenue share in 2014. From an application perspective, clarification agent and drilling fluid segments are projected to exhibit highest CAGRs of 6.2% and 6.1% respectively during the forecast period.
Key market participants covered in the report include Kutch Minerals, Clariant AG, Black Hills Bentonite, LLC, Charles B Chrystal Co. Inc., Kunimine Industries Co. Ltd., Alfa Aesar, Kemira OYJ, Halliburton Co., Mineral Technologies Inc., Ashapura Group of Companies and Wyo-Ben Inc.
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Future Market Insights is a leading market intelligence and consulting firm delivering syndicated research reports, custom research reports and consulting services. Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS.