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Bentonite Market Global Analysis, Opportunities and Forecast To 2024

Rising product use as anti-scalants in applications such as foundry sands and water treatment will augment market growth over the next eight years. The Global Bentonite Market size is expected to reach USD 1.93 billion by 2024, according to a new report by Grand View Research, Inc. The increasing use of bentonite in iron ore pelletizing, pet litter, drilling mud, civil engineering and refining applications will fuel the product demand. Rising application scope of bentonite as a bonding agent in non-ferrous and ferrous foundries is expected to propel product growth over the forecast period. Sodium bentonite is employed as a key constituent of drilling fluids for boring holes of small diameter in environmental monitoring wells, and mineral exploration. Furthermore, it is used in horizontal directional drilling as lubricants to place pipelines and utility cables under highways, streets, buildings & environmentally sensitive areas without disruptive surface trenching. The growth ...