Petak, Mart 22, 2019
The continued demand for iron casting
The continued demand for iron casting from the automotive and cast copper bushing the heavy equipment manufacturing industries and the rise in the cosmetics and personal care industry are also projected to boost this market substantially over the next few years.With a few dominant players, the global market for bentonite demonstrates a slightly consolidated competitive landscape, states a new research study by Transparency Market Research (TMR). Sodium bentonite has been the most valued product in this market. Foundry sands have been registering a higher demand for bentonite compered to other application segments. Bentonite, being one of the key raw materials used in construction, has gained significant impetus in its demand due to this since the last few years The scenario is anticipated to remain so over the forecast period, impacting the worldwide bentonite market greatly.
With the soaring demand for bentonite in the construction industry, the Asia Pacific market for bentonite is anticipated to continue growing at a significant pace over the next few years. The top four players in this market, namely, Minerals Technologies Inc. In 2015, it held a share of 30% in the global market, marking its dominance. Apart from this, the developments in the metal industry is also projected to reflect positively on the Asia Pacific market for bentonite in the near future. As per the report, North America, Asia Pacific, the Middle East and Africa, Latin America, and Europe are the key regions where the market for bentonite has a presence. As per TMR’s estimations, the opportunity in the global bentonite market is likely to increase at a CAGR of 3. Among these, Asia Pacific has emerged as the leading contributor to this market and is expected to remain so over the forecast period. Researchers anticipate it to remain so over the next few years on the account of the rising preference for green sand casting process in the foundry. "The expansion in the construction industry has influenced the global bentonite market remarkably," says the author of this study.
Over the coming years, these companies are likely to make strategic acquisitions in order to raise their share in the regional as well as the global market, reports the research study.0% over the period from 2016 to 2024, rising from US$1. With the rising demand for smart infrastructure and the increasing infrastructure expenditure in emerging economies, the construction industry across the world has been registering a significant rise. Currently, the key players are aggressively focusing on the expansion of their capacity due to the soaring demand for bentonite across the world. Thanks to the constant rise in the automotive and the machinery industries, the segments is likely to remain the key application area of bentonite throughout the forthcoming years..
China, being the most prominent consumer of bentonite across the world, is poised to surface as the leading domestic market for bentonite in Asia Pacific, states the research report.A geographical analysis of the global bentonite market has also been presented in this market study.According to the research report, bentonite is mainly utilized in drilling mud, iron ore pelletizing, construction, foundry sands, pet products, cosmetic, paper, and pharmaceutical products across the world. As the demand is higher than supply, the market witnesses a high degree of competition within it
