LONDON--(BUSINESS WIRE)--The bentonite market is expected to grow by 2.75 million MT during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the bentonite market in optimistic, probable, and pessimistic forecast scenarios.
The bentonite market will witness Negative and Inferior impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
Enterprises will go through Respond, Recover and Renew phases. Download free report sample
As the COVID-19 pandemic continues to spread, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through respond, recover and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Bentonite Market Participants:
Luossavaara-Kiirunavaara AB operates its business in the Northern division, Southern division, and special products division. The company offers Bentonite through its subsidiary LKAB Minerals.
Minerals Technologies Inc.
Minerals Technologies Inc. operates its business under four segments, which include performance materials, specialty materials, refractories, and energy services. The company offers Bentonite.
Wyo-Ben Inc. has business operations under a unified segment. The company offers Bentonite under the brand Big Horn.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/ bentonite market-industry-analysis
Bentonite Market 2020-2024: Segmentation
Bentonite is segmented as below:
- Sodium bentonite
- Calcium bentonite
- Foundry sands
- Iron ore pelletizing
- Pet litter
- Drilling mud
- North America
- South America
The bentonite market is driven by technological advancements in drilling technologies. In addition, other factors such as horizontal drilling: An innovation in oil and gas extraction is expected to trigger bentonite market toward witnessing a CAGR of over 2% during the forecast period.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.