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The bentonite market is estimated to witness lucrative growth by 2027 owing to surging product demand across varied applications. Additionally, increasing research efforts surrounding the usage of bentonite are projected to further contribute to market growth over the forecast period.
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Bentonite Market Analytical Overview, Comprehensive Analysis, Segmentation, Competitive Landscape and Industry Poised for Rapid Growth 2027
The bentonite market is estimated to witness lucrative growth by 2027 owing to surging product demand across varied applications. Additionally, increasing research efforts surrounding the usage of bentonite are projected to further contribute to market growth over the forecast period. • After the COVID-19 outbreak, research findings suggested that bentonite could be an efficient dermal sanitizer that is gentler on the skin than alcohol-based products, which has positively impacted business outlook. Recent studies have found that repeated hand cleansing with bentonite paste could provide complete protection from any viruses, and also improve the skin condition. Thus, the product could potentially be useful in contact isolation and as an effective infection control tool in public and hospital settings. • For comprehensive assessment, the bentonite market has been bifurcated based on product, application, and region. In terms of product, the market has been segregated into sodium, sulphur, calcium, and others.
By 2027, the cat litter application of calcium bentonite is estimated to account for over 16.0% share in the calcium bentonite market. The civil engineering application of calcium bentonite is slated to grow at a CAGR of approximately 8.3% over the analysis period. • The drilling muds application held over 13% share in the calcium bentonite market in 2020 and is projected to rise at a sizable pace over 2021-2027. Rapid growth of the oil & gas sector across the globe is likely to boost the demand for drilling muds application, which is anticipated to drive segmental demand over the coming years. • Sulphur bentonite finds applications in refining, drilling muds, foundry sands, civil engineering, cat litter, iron ore pelletizing, and others (manufacturing bedding for animals, seeds pelletizing, and as crop protection chemical). The foundry sands application segment is anticipated to showcase robust growth at a CAGR of nearly 9.0% over the projected timeline. The drilling muds application segment is projected to account for up to 13.0% share in the sulphur bentonite market revenue by 2027. • Browse key industry insights spread across 370 pages 434 market data tables and 38 figures & charts from the report “Bentonite Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/bentonite-market
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