Bentonite is colloidal
or aluminum silicate clay stone or mineral which is formed by alteration of
volcanic ash in
marine environments. It is contains more than 50% montmorillonite. It has a
unique chemical structure which enables it to act as a binder, sealant,
thickener, absorption and lubricant agent. It is used in many foundry
applications for instance sand casting applications. It is employed as a green
sand additive or binder in metal casting applications. It is also used as a key
constituent of drilling fluids in oil & gas industry.
Some important
properties are viscosity & thixotropy of aqueous suspensions, water absorption & swelling,
binding property, colloidal & waterproofing properties and surface
properties such as coagulation, adsorption and absorption. These properties
make it a multi-application product for various industries.
According to
study, “Bentonite Mining Global Market
Report 2019”
the key companies operating in the bentonite mining global market are Wyo-Ben
Inc, Amcol International,
Huawei Bentonite, Cimbar, Minerals Technologies Inc., Clariant International
Ltd., IMERYS SA, Ashapura Group, American Colloid Co., Midpoint Chemicals Company,
Bentonite Performance Minerals LLC, Canbensan, Dantonit A/S, Amsyn Inc, Volclay
International, Cimbar, Charles B. Crystal Co Inc. These key players are involving
in initiatives for instance the expansion of production capacity in order to
provide the increasing demand for bentonite.
Based on product
type, the bentonite mining market is segmented into calcium bentonite and
sodium bentonite. Sodium bentonite is used in drilling mud for oil & gas
wells and boreholes for geo-technical & environmental investigations. Additionally,
the European Bentonite Association (EUBA) is a government organization that
qualitatively distinct five types of bentonite: activated bentonite, calcium
bentonite, natural sodium bentonite, acid activated bentonite and organofilic
bentonite. Moreover, based
on application, market is segmented into drilling mud, foundry sands, iron ore
pelletizing, pet products (cat litter and cattle feed), paper, construction,
pharmaceuticals and cosmetics.
The bentonite
mining market is primarily driven by rise in demand for iron ore pelletizing in
steel manufacturing, followed by increase in demand for availability of credit,
rise in disposable income and growing demand for bentonite in oil & gas
industry. However, the market is anticipated to face certain restraints from
several factors for instance increase interest rate, stringent regulations by
government and workforce issues & safety.
Based on
geography, the Asia Pacific region holds significant market share owing to the
high demand for bentonite in construction industry in the region. North American
region is expected to witness a healthy rise due to increase in usage of
bentonite in pet products for instance cat litter and cattle feed. Europe is
also expected to witness considerable growth on account of increase in the
green sand casting process in foundry segment in the region. The Middle East
and Africa and Latin America is likely to grow at a moderate pace caused by the
increase in large oil drilling activities and expansion of the automotive &
heavy equipment manufacturing industries in these regions.
In upcoming
years, the global bentonite mining market is anticipated to significantly rise due
to improved earning capacity, increase in positive economic outlook and
emerging markets growth.
For more information on the research
report, refer to below link:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
