Bentonite Market 2016 Share, Trend, Segmentation and Forecast to 2024 Bentonite Market - Global Industry Analysis, Size,

Bentonite Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024 Global Bentonite Market: Snapshot The significant growth in the foundry and metal casting industries has had the most significant influence on the global market for bentonite. The rise in the automotive and the machinery and heavy equipment manufacturing industries has been boosting the demand for foundry and metal casting applications across the world. As bentonite is extensively utilized in these applications, a subsequent increase in its demand has been observed since the past few years, reflecting greatly on the progress of this market. The global market for bentonite offered an opportunity worth US$1.42 bn in 2015. Researchers anticipate it to rise at a CAGR of 3.0% from 2016 to 2024 and reach a value of US$1.85 bn by the end of 2024. View Report @ market.html Demand for Sodium Bentonite to Remain High Sodium bentonite and calcium bentonite are the main two product types available in the global bentonite market. The market was led by sodium bentonite in 2015 with a share of more than 60%. The scenario is anticipated to remain so over the forthcoming years, thanks to the increasing preference for green sand casting process in the foundry. Drilling mud, iron ore pelletizing, foundry sands, pet products, construction, paper, cosmetics, and pharmaceuticals are the prime application area of bentonite across the world. The demand for bentonite is higher in foundry sands that other application segments. In 2015, it held a share of 20% of the overall demand for bentonite, globally. Analysts project the segment to continue its dominance over the next few years due to the continual growth in the automotive and the machinery industries. The pet product segment, which includes cat litter and cattle feed, is another key application segment of the global bentonite market. This segment is estimated to witness a moderate increase over the next few years. Get accurate market forecast and analysis on the Bentonite Market Request a sample to stay abreast on the key trends impacting this market.