Bentonite Market: Overview
Bentonite clay is formed by the
alteration of volcanic ash and is primarily used to grease the cutting head,
remove drill cuttings and close the borehole walls. The product is odorless, natural, non-corrosive
and chemically inert. This product has properties to swell and increase in
volume when exposed to water, which helps to ease the enormous stress of
trench-free construction, thus increasing the demand for bentonite. Increased
use of products across industries as groundwater barriers, pet litter absorbents, and oil & grease
absorbers, liquor clarifiers, and iron & steel binders is expected to fuel
market growth over the next years to come.
Drilling mud is the largest source of
bentonite applications. However, it is expected to lose its share over the upcoming
years due to the growing application of the material to other applications such
as foundry sands and iron ore pelletizing.
The increased use of iron ore pellets in
steel production is expected to have a positive effect on the product market
over the forecast period.
Increased demand from end-use
applications such as pharmaceutical cleaners and rubber tires in the automotive
industry will propel the market over the forecast period. However, stringent
legislation, such as the Clean Drinking Water Act, passed by the United States,
on chemical additives that are used with bentonite, is a restraint in the
Global Bentonite Market: Market Segmentation
on Product type, the global Bentonite market segmented into Sodium, Calcium and
Others. Both calcium and sodium bentonite is widely used in drilling mud.
Global sodium bentonite accounted for high growth rate in previous years. It is
a capable sealant due to its chemical-proof sealing capacity, making it
permanent, easy to install, and low-cost.
on Application, the global Bentonite market segmented into Foundry sands, Iron
ore pelletizing, Cat litter, Drilling mud, Civil Engineering, Refining and
Others. There is an increment in demand for bentonite in metal casting molds
for brake drums, engine blocks, manhole covers, brass water fittings,
transmission housings, and cast iron pans. The product also helps to maintain
the mechanical shape of the mold by making the surface impermeable. These
factors are assumed to have a positive impact on the market during the
Global Bentonite Market: Regional Insights
Based on region, the global Bentonite market segmented into
North America, Europe, Asia Pacific, Latin America, and Middle East &
Africa. The U.S. dominated the North American bentonite market, accounting for
high revenues due to large-scale exploration and drilling activities in the
country. Due to strict regional regulations, North America is expected to lose
its share and Latin America and the Asia Pacific is expected to grow over the
years to come.
The Asia Pacific is also expected to grow at a high CAGR
during the forecast period. Growing demand from the construction, metallurgy,
and oil & gas industries is likely to drive demand for bentonite in the
region over the forecast period.
The major players in the global Bentonite are Pacific
Bentonite Ltd., Minerals Technologies Inc., Delmon Group of Companies,
Bentonite Performance Minerals LLC (BPM), Black Hills Bentonite, CETCO,
Halliburton, Wyo-Ben, Inc., Ashapura Minechem Limited, MIDPOINT Chemicals
Company, CIMBAR Performance Minerals, CB Minerals, LKAB Minerals, Kutch
Minerals, Clariant Ag, American Colloid Company and other prominent players.
2020: Clariant’s Additives business and Floreon-Transforming Packaging Limited
announce an exciting new collaboration to further extend the performance
properties and market potential of biopolymers, whilst preserving their
Ø January, 2019: Halliburton
Company announced it has been awarded seven contracts for drilling and
completion services for the next phase of field development of the
INPEX-operated Ichthys Project in the Browse Basin offshore northern Australia.
Ø North America
Ø Asia Pacific
Ø Latin America
Ø Middle East &
The objective of the Study:
Ø To analyze and forecast the global Bentonite Market
size of the market in terms of value.
Ø To examine the careful market segmentation and
forecast the market size, in terms of value, based on the region by segmenting.
Ø The Global Bentonite Market segmented into five
regions, namely, North America, Europe, Asia Pacific, Latin America, Middle
East & Africa and their leading countries.
Ø To outline, categorized, and forecast the global Bentonite
Market based on product type, and application.
Ø To examine competitive developments like
technological advancement, services, and regulative framework within the global
Ø To highlight the impact analysis of the factors
affecting the market dynamics such as drivers, restraints, opportunities, and
Ø To strategically profile the key players and
comprehensively analyze their market shares along with detailing the
competitive landscape for market leaders.