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Global Bentonite Market InsightFebruary 14, 2022 Comments
The Bentonite Powder is forecast to smooth over the next few years. According to the WK-chem Research “Global Bentonite Professional Survey Report 2022, Forecast to 2027”, with the increasing demand of the drilling mud industry，the Bentonite Powder industry is developing at an incredible speed. According to the WK-chem regression analysis model, the compound annual growth rate (CAGR) for the period 2022-2027 is expected to be 4.80%.
“The use of Bentonite Powder technology in the manufacture and use of pharmaceutical cleaners and rubber tires is expected to provide various opportunities for market growth, Senior analyst, Chemical & Material Market Research Center in WK-chem.” It is expected that during the forecast period, the drilling mud industry will dominate the global Bentonite market.”
Increased demand for bentonite in drilling fluids and construction industries. Due to the swelling properties of bentonite, it is widely used in excavation and foundation works in the construction sector. The bentonite Powder in the flushing fluid cools and lubricates the cutting tool and protects it from corrosion. The drilling fluid creates hydrostatic pressure, preventing fluids and gases from passing through the borehole. In addition, bentonite is used in oil and water well drilling to seal well walls. Furthermore, increasing investments by market players to develop more enhanced products is expected to drive market growth.
This WK-chem market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Bentonite Powder companys that include IMERYS SA, Minerals Technologies Inc., Charles B. Chrystal Co. Inc., Bentonite Performance Minerals LLC, Wyo-Ben Inc .etc.
Segmentation of Bentonite Powder Market:
On the basis of product, the global Bentonite Powder market is segmented into sodium bentonite, calcium bentonite, sulfur bentonite, and others. The sodium bentonite segment is expected to witness rapid revenue growth over the forecast period owing to the high usage of sodium bentonite in the oil and gas drilling industry for drilling mud, slurry wall manufacturing, and pet care products, especially cat litter. Absorbs urine and odors. Due to its swelling properties, bentonite is widely used as a sealant in underground treatment systems. Sodium bentonite is also used in cosmetics as a detoxifying cleanser. Sodium Bentonite Powder is used as a clay mask to absorb toxins and impurities to help keep skin healthy. On the basis of end-use, the global bentonite market is segmented into steel, oil & gas, automotive, construction, agriculture, pharmaceutical, and others. Pharmaceutical segment revenue is expected to grow at the fastest CAGR during the forecast period owing to rapid growth in the pharmaceutical and cosmetic industries, increasing demand for various skincare and lifestyle products, and increasing focus on maintaining healthy skin increase. Bentonite clay is widely used in the pharmaceutical industry as a filler in the manufacture of protective creams, clay masks, wet packs, anti-irritants, sunburn paints, baby powders and clay packs due to its adsorption properties.
Bentonite Powder Market: Regional Analysis
In terms of geography, the global Bentonite Powder market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Geographically, Asia Pacific is expected to experience a rapid revenue CAGR throughout the forecast period owing to factors such as rapid growth in agriculture sector, high usage of sulfur bentonite in crops, grains, vegetables and fruits to enhance crop quality and yield growth rate, increasing infrastructure activity. China, Japan and South Korea are the major contributors in the Asia Pacific region. Furthermore, rapid population growth, rising living standards, and rapid urbanization are the key factors driving the growth of the bentonite market in Asia Pacific.
Largest share area：Asia-Pacific
Largest share country：China
Product Type：Sodium Bentonite，Calcium Bentonite，Sulphur Bentonite
Application：Iron & Steel，Oil & Gas，Automotive，ConstructionLeading Company：IMERYS SA, Minerals Technologies Inc., Charles B. Chrystal Co. Inc., Bentonite Performance Minerals LLC, Wyo-Ben Inc .etc