Calcium bentonite market to grow at 3.5% CAGR from 2018 to 2024

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Global Bentonite Market to hit US1.95 bn by
2024 Global Market Insights Inc.
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Industry Overview

• Bentonite Market to surpass USD 1.95 billion by
  2024 driven by growing demand from the drilling
  industry in North America. Booming steel industry
  in India, China and South Korea on account of
  increasing foreign direct investment from U.S.
  and Japan has boosted the iron pelletizing
  industry and may promote growth of bentonite
  market size. The product is used as a binding
  agent, offer improved mechanical abrasive
  strength, faster reduction and higher
  mineralization rates compared to ore fines which
  increases the productivity of sponge iron with
  less energy consumption. The product imparts
  structural stability to iron pellets, extracts
  moisture, improves drop strength and thermal
  resistance which may accelerate market growth.
• Declining community involvement owing to rising
  urbanization has led to rising pet ownership to
  fulfill companionship needs, which may stimulate
  bentonite market growth. This product majorly
  finds usage in clumping cat litter owing to its
  ability of absorbing fluids and forming clumps.
  The complete absorption of urine helps in
  removing undesirable odors and some manufacturers
  also add odor control additives such as baking
  soda or charcoal or chemical fragrances to
  improve product performance.

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• Sulphur bentonite market size from foundry sand
  applications was valued at over 680 kilo tons in
  2017. This product, along with aggregate and
  water is a major ingredient of green sand, a
  hydrated mixture commonly used in the metal
  casting industry. The product helps sand
  particles adhere to each other, imparts high
  green, high hot strength and possesses
  beneficial swell properties, which may boost
  bentonite market growth.
• Germany calcium bentonite market size from civil
  engineering applications may register gains close
  to 4 during the foreseeable period. The country
  is witnessing economy recovery, rising government
  investment on bridges roads, declining interest
  rates and a booming population which has led to a
  resurgence in the construction sector. The
  product is commonly used in slurries owing to its
  ability to stabilize seal excavations, allowing
  easy replacement by concrete, cost reduction and
  recycling which may accelerate bentonite industry
  growth.
• China sodium bentonite market demand from
  refining applications may surpass USD 3 million
  by 2024. The country has witnessed rising crude
  oil imports pertaining to increasing oil import
  quotas passed by the government and growing crude
  supply from the booming North America shale
  industry. Acid-treated clay materials are
  routinely used to bleach oil for removing
  contaminants such as iron copper ions which
  improves refining productivity and may boost
  bentonite market growth.

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U.S. Sodium Bentonite Market Size, By
Application, 2017 2024, (Kilo Tons)

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Industry Coverage

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• U.S. calcium bentonite market share from drilling
  mud applications may witness gains at about 5.5
  over the forecast timeframe. Improvements in
  drilling fracking technology in the country has
  led to increased oil natural gas production
  thereby boosting demand for drill muds. Drilling
  fluids help in creating boreholes in the ground
  to access petroleum reserves and bentonite helps
  keep the stone detritus in suspension when purge
  pumps are idle, which may increase product
  demand.
• Halliburton, Wyo-Ben, CETCO, Delmon Group,
  MIDPOINT Chemicals and Minerals Technologies are
  some of the prominent industry participants in
  the bentonite market. Manufacturers are expanding
  their production capacity and mining operations
  to improve the availability of raw materials,
  lower costs and achieve market growth.

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