Bentonite Mining Market Characteristics
The bentonite mining market consists of sales of bentonite clay by entities (organizations, sole traders and partnerships) that mine bentonite which is used externally as a clay poultice, mud pack or in the bath and, in skin care recipes.
Competitive Landscape of the Bentonite Mining Market
Major players in the global Bentonite mining market include Wyo-Ben Inc, Huawei Bentonite, Amcol, Ashapura, Cimbar.
Bentonite Mining Market Size
The bentonite mining market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the bentonite mining market is due to increase in sales in rapidly developing countries such as China and India owing to rise in disposable income, increased demand for, availability of credit.
However, the market for bentonite mining is expected to face certain restraints from several factors such as interest rate increases, workforce issues and safety.
Bentonite Mining Market Segmentation
The global bentonite mining market is further segmented based on type and geography.
By Type - The bentonite mining market is segmented into sodium, calcium, others - bentonite.
By Geography - The global bentonite mining is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific bentonite mining market accounts the largest share in the global bentonite mining market.
Trends in the Bentonite Mining Market
Companies engaged in Bentonite mining industry are advanced geosynthetic clay liners to prevent leakage and corrosion in mining operations as the major trends witnessed in the global Bentonite mining market.
Potential Opportunities in the Bentonite Mining Market
With increase in positive economic outlook, improved earning capacity, emerging markets growth, the scope and potential for the global Bentonite mining market is expected to significantly rise in the forecast period.