Bentonite Market Analysis

Bentonite Market Analysis - Forecasts To 2025 By Product (Sodium Bentonite, Calcium Bentonite and Others); By Application (Drilling Mud, Iron Ore Pelletizing, Foundry Sands, Pet Products, Construction, Paper, Cosmetics, and Pharmaceuticals); By Region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa); End-use Landscape; Vendor Landscape and Competitive Landscape - Global Market Estimates

Category Chemicals & Advanced Material
Format
  • ms word
  • ms excel
  • ms ppt
  • pdf
This report was recently updated on September 28 2024 with the latest and most recent market numbers

Bentonite Market Insights:

The global bentonite market size accounted for 1.35 billion in 2016. It is further anticipated to witness a CAGR of more than 5% over the forecast period due to its increased use in oil well cement and drilling fluid applications. Bentonite clay is mainly used to oil the cutting head, remove drill cuttings and to cover borehole walls.

The rapid growth in the foundry and metal casting industries is anticipated to have a significant impact on the global market. The rapidly growing automobile and equipment manufacturing industries is expected to boost the demand for foundry and metal casting applications across the globe. The extensive usage of bentonite in these applications has resulted in the overall growth of the market.

Increased use of products in various applications such as groundwater barriers, liquor clarifiers, absorbents for pet litter and oil & grease, and binders in iron & steel manufacturing is likely to bode well for industry growth over the forecast period.

Bentonite Market - Product Insights:

Based on products, the market is segmented into sodium bentonite, calcium bentonite, and others such as aluminium and potassium. Calcium and sodium bentonite are mainly used in drilling mud. The global sodium bentonite segment registered over 55% of the total revenue in 2016.

Growing use of the product as an adsorbent of ions in oils, fats & other chemical solutions is likely to stimulate the industry growth over the forecast period.

Bentonite Market - Application Insights:

On the basis of application, the industry is divided into Drilling Mud, Iron Ore Pelletizing, Foundry Sands, Pet Products, Construction, Paper, Cosmetics, and Pharmaceuticals. Foundry sands segment accounted for over 40% of global volume in 2016.

The demand for bentonite in foundry molds is very high due to its wide application in metal casting of brake drums, brass water fittings, manhole covers, engine blocks, transmission housing and cast iron pans. These products are also helpful in maintaining the mechanical shape of a mold by making the surface impermeable.

As compared to plastic clay, bentonite absorbs higher amounts of water, thus contributing in the grouting of wells, dams, and drilling muds.

Bentonite Market

Bentonite Market - Regional Insights:

U.S. accounted for more than 75 % of the total revenue in 2016 due to its large scale exploration and drilling activities. North America is anticipated to lose share to Latin America and Asia Pacific over the forecast period due to stringent government regulations.

Asia Pacific market is anticipated to grow significantly over the forecast period. The rapid increase in demand for bentonite is attributed to the growing number of construction industries in this region. The rise in the number of metal industries is further likely to aid the demand for bentonite in this region. China is expected to remain one of the major consumers of bentonite in Asia Pacific over the forecast period.

Bentonite Market - End-Use Landscape:

The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from global bentonite market. The major consumers of the product are Kiewit, Bouygues Construction, and Skanska.

Bentonite Market - Competitive Scenario:

Key players operating in the global bentonite market include IMERYS SA, Clariant International Ltd., Ashapura Group, Minerals Technologies Inc., American Colloid Co., Canbensan, Dantonit A/S, and Bentonite Performance Minerals LLC.

Please note: This is not an exhaustive list of companies profiled in the report.

In April 2015, Wyo-Ben Inc. acquired Sharewell HDD Drilling Products Thunderstorm’s line of cleaning and mud mixing system in Texas to cater to the expanding demand of consumers.

In July 2014, Cimbar Performance Materials Inc. extended the organization to become one of the major barium suppliers in the North America.

To request a free sample copy of this report, please complete the form below

We value your investment and offer free customization with every report to fulfil your exact research needs.

This website is secure and your personal details are safe. Privacy

The global Bentonite Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Bentonite Market

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the industry analysis; industry trends; market analysis; market trends; market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Bentonite Market.

Bentonite Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, VPs, CEOs, COOs, financial consultants, business consultants, strategy consultants, project management consultants, business management consultants, distributors, and end-use product manufacturers.

Bentonite Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, demand forecasting, SWOT analysis of the companies, and customer analytics.

Bentonite Market

We value your investment and offer free customization with every report to fulfil your exact research needs.
This website is secure and your personal details are safe. Privacy
You can also purchase parts of this report. Do you want to check out a section wise price list?

Tailor made solutions just for you

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

OUR CLIENTS

  • Client of Global Market Estimates - Fedex
  • Client of Global Market Estimates - Samsung
  • Client of Global Market Estimates - Siemens
  • Client of Global Market Estimates - Lonza
  • Client of Global Market Estimates - DuPont
  • Client of Global Market Estimates - Medtronic
  • Client of Global Market Estimates - Toray
  • Client of Global Market Estimates - Signify
  • Client of Global Market Estimates - Teledyne
  • Client of Global Market Estimates - Trelleborg
  • Client of Global Market Estimates - Kikkoman Biochemifa
  • Client of Global Market Estimates - Leoni
  • Client of Global Market Estimates - Molnlycke
  • Client of Global Market Estimates - Spirent
  • Client of Global Market Estimates - Tokyo Electron Limited
  • Client of Global Market Estimates - Aranca
  • Client of Global Market Estimates - Asahi Kasei
  • Client of Global Market Estimates - Chimai
  • Client of Global Market Estimates - Grapsud
  • Client of Global Market Estimates - Horiba
  • Client of Global Market Estimates - Indorama
  • Client of Global Market Estimates - L&T
  • Client of Global Market Estimates - Integralife
  • Client of Global Market Estimates - Synamedia
  • Client of Global Market Estimates - Sorrento Therapeutics
  • Client of Global Market Estimates - Solenis
  • Client of Global Market Estimates - Sartorius