Bentonite Market will reach at a 5.8% CAGR through 2025

12 December 2016

According to the report, “Bentonite Market: Global Industry Analysis and Opportunity Assessment 2015–2025”, revenue from the global bentonite market is projected to expand at a healthy CAGR of 5.8% during the forecast period. Bentonite is a highly colloidal clay mineral which contains a various minerals such as feldspar, quartz, gypsum and calcite. Properties such as water swelling, absorption, hydration and viscosity broaden the application scope of bentonite across a wide range of industries, such as food and pharmaceuticals. It finds its use in the manufacture of detergents, paints pharmaceuticals, cosmetics, polishes, dyes, animal feed and paper. For instance, it is used as a binding agent in the production of iron ore pellets and finds application in foundries. Also, based on application or use of finished product the mechanical and chemical properties of bentonite can be modified through various combinations and additions of raw materials.

Versatility of this material is driving increasing adoption in various industries, including automobiles, construction and chemicals. Technological advancements in bentonite production and increasing demand through exports are major underlying factors anticipated to fuel growth of the Asia Pacific bentonite market between 2015 and 2025. This is forecast to offer bentonite manufacturers, distributors and product converters unprecedented opportunities in the market. Furthermore, the trend is even more pronounced in emerging economies of the world (Brazil, India, Russia and China). Healthy trade relations and government support in these regions has served to boost bentonite export-import activities.

Source – Maritime Professionals