Global Bentonite Market to hit US$1.95 bn by 2024 Bentonite Market | Page 2

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. U.S. Sodium Bentonite Market Size, By Application, 2017 & 2024, (Kilo Tons) 2 | Page