TMR_Research_Reports_2017 To Reach Us$ 1.85 Bn By 2024 | TMR | Page 2

Bentonite Market
REPORT DESCRIPTION
Bentonite Market (Product - Sodium Bentonite and Calcium
Bentonite; Application - Drilling Mud, Iron Ore Pelletizing, Foundry
Sands, Pet Products, Construction, Paper, Cosmetics, and
Pharmaceuticals) - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024
With a few dominant players, the global market for bentonite demonstrates a slightly
consolidated competitive landscape, states a new research study by Transparency
Market Research (TMR). The top four players in this market, namely, Minerals
Technologies Inc., Imerys SA, Clariant AG, and Ashapura Group, held more than 75% of
the overall market in 2015.
Currently, the key players are aggressively focusing on the expansion of their capacity
due to the soaring demand for bentonite across the world. As the demand is higher than
supply, the market witnesses a high degree of competition within it. Over the coming
years, these companies are likely to make strategic acquisitions in order to raise their
share in the regional as well as the global market, reports the research study.
As per TMR’s estimations, the opportunity in the global bentonite market is likely to
increase at a CAGR of 3.0% over the period from 2016 to 2024, rising from US$1.42 bn
in 2015to a value of US$1.85 bn by the end of the forecast period. Sodium bentonite
has been the most valued product in this market. Researchers anticipate it to remain so
over the next few years on the account of the rising preference for green sand casting
process in the foundry.

Obtain Report Details
@ http://www.transparencymarketresearch.com/bentonite-market.html
2
Transparency Market Research