The Global Bentonite Market is estimated to exhibit a CAGR of 4.50% during the forecast period of 2021-2028. The large number of construction and mud drilling applications across the globe is escalating the growth of bentonite market. The market will reach at an estimated value of USD 2.39 billion by 2028. On the other hand, the implementation of stringent regulations on chemical additives that are used with bentonite in drilling mud is expected to obstruct the bentonite market growth. The negative impact of COVID-19 on the manufacturing industries globally is projected to challenge the bentonite market
According to Data Bridge Market Research, the bentonite market will exhibit a significant rise in its market value. The increase in the usage of iron ore pellets in the manufacturing of steel, high demand from end-use applications such as cleansers in pharmaceuticals and rubber tires in the automotive industry and growing product popularity among end-user industries including cosmetics, food and automotive on account of its superior binding accelerate the bentonite market. The usage in wastewater treatment for the removal of organic substances, heavy metal and nutrients and increasing inclination towards the product owning to their low product price, ease of availability and high adsorption capabilities influence the bentonite market.
Currently, North America dominates the global bentonite market in terms of market share and market revenue owing to the large scale exploration and drilling activities and implementation of stringent regulations in the region.
Now the question is which are the other regions that the global bentonite market is targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific owing to the growing need from construction, metallurgy and oil and gas industries in the region.
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The global bentonite market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Key Market Competitors Covered in Bentonite Market report
Above are the key players covered in the report, to know about more and exhaustive list of bentonite market companies contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-bentonite-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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