Bentonite Market, Revenue Growth, Key Factors, Major Companies, Forecast To 2028
The Bentonite Market is forecasted to grow from USD 1.48 billion in 2018 to USD 2.16 Billion by 2028, at a CAGR of 6.1%, during the forecast period. The market is primarily driven by the increasing demand for bentonite from the oil and gas industry as an additive for drilling mud. An increase in oil and gas drilling activities in combination with increasing application in geosynthetic clay liners and the medical industry are expected to drive the market during the forecast period. Increasing infrastructural growth in China, India, Japan, and Malaysia is predicted to boost the construction industry as a result of increased public spending and thus accelerate the size of the market. Market Dynamics The global chemicals and materials have a wide range of application areas such as crop protection, animal nutrition, dietary supplements, preservatives, flame retardants, surface ingredients, active pharmaceutical ingredients, and matting agents among others. Population ex...