Bentonite Sales to be Majorly Buoyed by Oil & Gas Drilling Applications; Favorable Government Initiatives for SMEs to Support Market Growth, Says FMI

A wide range of end-use industries including construction, water
treatment, agriculture, and oil & gas have been major contributors towards
the growth of the global bentonite market. Increasing investments in research
and development activities by manufacturers further supports the market.

Future Market Insights, Dubai: Theglobal bentonite market is set to grow at a moderate CAGR of 4.3% during the forecast
period (2019-2029), as projected by a new report by Future Market Insights
(FMI). Leading market players are working on strategies for aggressive pricing
to keep up with a highly competitive market landscape, with increased focus on research
and development activities. 

“Leading manufacturers in the bentonite industry will develop and
introduce new product offerings which cater to different industries to take
advantage the versatile nature of bentonite, thereby strengthening their market
position,”
states the FMI
report. 

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report sample with 250+ pages to gain in-depth market insights at
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Bentonite Market: Key Findings

  • Construction will remain a major end use sector for bentonite through the forecast period.
  • Oil and gas drilling activities will make major gains in growth rate.
  • Asia Pacific will account for most gains made in the bentonite market during the forecast period.
  • North America will display substantial CAGR for the bentonite market, driven by strong industrial activity. 

Bentonite Market: Key Driving Factors

  • Rising water treatment applications is a key factor increasing the adoption rate of bentonite, which is a key growth driver for the market.
  • Demand from the oil and gas industry is generating highly profitable opportunities for manufacturers.
  • Wide ranging applications in paints, dyes, pharmaceuticals, cosmetics, animal feed, and detergents are increasing the adoption rate of bentonite.
  • Favorable incentives and initiatives adopted by governments in developing regions, for small and medium enterprises will increase sales.

Bentonite Market – Key Restraints

  • Strict regulations applied to the use of bentonite with select chemical materials is a key factor hampering the growth of the bentonite market.

Explore the global bentonite market report with 97
illustrative figures, 23 data tables and the table of contents. You can also
find a comprehensive market segmentation on
https://www.futuremarketinsights.com/request-special-price/rep-gb-348

Competition Landscape of Bentonite Market

Some of the key players in the global bentonite
landscape include, but are not limited to, CIMBAR Performance Minerals,
American Colloid Company, Ashapura Group of Companies, Alfa Aesar, Aydin
Bentonit, Atlantic Screen & Mfg. Inc., Black Hills Bentonite, Bentonite
Company LLC, Bulk Apothecary, BariteWorld, Bentonite Performance Minerals LLC,
and Bentonit Uniao. Leading market players remain focused on research and
development undertakings. Market leaders are also investing efforts towards
maintaining aggressive pricing strategy, to keep up in a competitive and
fragmented market landscape. Collaborations with players in the drilling
industry in addition to quality an pricing will remain an essential focal point
for manufacturers.

More About the Report

This Future Market Insights study of 300 pages
offers actionable insights on the bentonite market. The market analysis is
based on product type (sodium and calcium), end use application (drilling
fluid, binder, sealant, adsorbent/absorbent, and clarification agent), across five
regions (Latin America, North America, Europe, Asia Pacific, Middle East & Africa).

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