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Bentonite Market
Demand for Bentonite to Remain Strong from Foundry Sands
According to the research report, bentonite is mainly utilized in drilling mud, iron ore
pelletizing, construction, foundry sands, pet products, cosmetic, paper, and
pharmaceutical products across the world. Foundry sands have been registering a higher
demand for bentonite compered to other application segments. Thanks to the constant
rise in the automotive and the machinery industries, the segments is likely to remain the
key application area of bentonite throughout the forthcoming years.
A geographical analysis of the global bentonite market has also been presented in this
market study. As per the report, North America, Asia Pacific, the Middle East and Africa,
Latin America, and Europe are the key regions where the market for bentonite has a
presence. Among these, Asia Pacific has emerged as the leading contributor to this
market and is expected to remain so over the forecast period. In 2015, it held a share of
30% in the global market, marking its dominance.
With the soaring demand for bentonite in the construction industry, the Asia Pacific
market for bentonite is anticipated to continue growing at a significant pace over the
next few years. Apart from this, the developments in the metal industry is also projected
to reflect positively on the Asia Pacific market for bentonite in the near future. China,
being the most prominent consumer of bentonite across the world, is poised to surface
as the leading domestic market for bentonite in Asia Pacific, states the research report.
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Expansion in Construction Industry to Boost Market’s Growth
“The expansion in the construction industry has influenced the global bentonite market
remarkably,” says the author of this study. With the rising demand for smart
infrastructure and the increasing infrastructure expenditure in emerging economies, the
construction industry across the world has been registering a significant rise. Bentonite,
being one of the key raw materials used in construction, has gained significant impetus
in its demand due to this since the last few years
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