Bentonite Market 2016 Share, Trend, Segmentation and Forecast to 2024 Bentonite Market - Global Industry Analysis, Size, | Page 2

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Asia Pacific Bentonite Market to Continue as Global Leader
Geographically, Asia Pacific led the worldwide bentonite market in 2015 with a share
of 30%. The regional market is expected to expand notably over the next few years,
continuing to dominate the global market. The high demand for bentonite in the
construction industry is the key factors behind the significant growth of the Asia
Pacific market for bentonite. Over the coming years, the rise in the metal industry is
projected to fuel the demand for bentonite in this region, especially in IOP and
foundry sand applications, which is likely to boost this regional market considerably.
China is anticipated to surface as the most prominent consumer of bentonite in Asia
Pacific in the near future.
Among other regional markets, North America is anticipated to witness a healthy
rise while Europe is likely to grow at a moderate pace in the years to come. The
upsurge in the green sand casting process in foundry segment is expected to drive
the Europe market for bentonite, whereas, the market in North America is predicted
to be boosted by the rising usage of bentonite in pet products, such as cat litter and
cattle feed. Latin America and the Middle East and Africa markets for bentonite are
estimated to witness a moderate to high rise in the near future, thanks to the
expansion of the automotive and the heavy equipment manufacturing industries
and the increasing large oil drilling activities in these regions.
The leading players in the global market for bentonite are Minerals Technologies
Inc., IMERYS SA, Clariant International Ltd., Ashapura Group, Bentonite Performance
Minerals LLC, American Colloid Co., Canbensan, and Dantonit A/S.
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