SAN FRANCISCO, December 7, 2016 /PRNewswire/ --
The global bentonite market size is expected to reach USD 1.93 billion by 2024, according to a new report by Grand View Research, Inc. Rising product use as anti-scalants in applications such as foundry sands and water treatment will augment market growth over the next eight years.
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The increasing use of bentonite in iron ore pelletizing, pet litter, drilling mud, civil engineering and refining applications will fuel the product demand. Rising application scope of bentonite as a bonding agent in non-ferrous and ferrous foundries is expected to propel product growth over the forecast period.
Sodium bentonite is employed as a key constituent of drilling fluids for boring holes of small diameter in environmental monitoring wells, and mineral exploration. Furthermore, it is used in horizontal directional drilling as lubricants to place pipelines and utility cables under highways, streets, buildings & environmentally sensitive areas without disruptive surface trenching. The growth of aforementioned application segments is expected to fuel product demand over the forecast period.
Bentonite possesses properties like water absorption which makes it an excellent sealant for environmental applications. Bentonite products are also used in boring tunnels, subways & highways and pipelines installation to transport sewage, storm water & drinking water. This is expected to fuel product need over the next eight years.
Browse full research report with TOC on "Bentonite Market Analysis By Product (Sodium, Calcium), By Application (Foundry Sands, Iron Ore Pelletizing, Pet Litter, Drilling Mud, Civil Engineering, Refining), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2013 - 2024" at: http://www.grandviewresearch.com/industry-analysis/bentonite-market
Further key findings from the report suggest
Browse related reports by Grand View Research:
Grand View Research has segmented the global bentonite market on the basis of product, application and region:
Access research insight: http://www.grandviewresearch.com/research-insights/bentonite-market-insights-size
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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