Bentonite Market Size Projected to Surge USD 3.58 Billion Growth by 2033, Exhibit a CAGR of 6% [Yahoo! Finance]
Halliburton Company (HAL)
Last halliburton company earnings: 4/20 06:45 am
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Source: Yahoo! Finance
During the forecast period, technological advancements and innovations will cause the market to experience rapid growth. Newark, June 13, 2024 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 2 billion in 2023 global bentonite market will reach USD 3.58 billion in 2033. Bentonite is a versatile clay mineral made mostly of montmorillonite. It has an excellent expanding capacity upon hydration, resulting in a gel-like consistency and thermal resilience at high temperatures. Bentonite's swelling capacity makes it an invaluable ingredient in drilling fluids used for oil and gas exploration and water well drilling. It stabilizes boreholes, resulting in more efficient and safe drilling operations. Bentonite's adsorption capacity is used in environmental remediation operations to encapsulate ponds, landfills, and polluted soil, keeping pollutants from spreading and helping to save the environment. In construction, bentonite is used for various applications, including borehole
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HAL
Earnings
- 4/23/24 - Beat
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- 5/31/24 - Form SD
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