Global Bentonite Market by Product Type (Sodium, Calcium and Others), By Application (Foundry sands, Iron ore pelletizing, Cat litter, Drilling mud, Civil Engineering, Refining and Others) By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2016-26

Published:
April 2020
Report Code:
BWC20034
Available Format:
PDF PDF Icon
Pages:
177

bentonite market bwc20034

COVID-19

We've been tracking the direct impact of COVID-19 on this market, and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Contact our sales team for more details at

Contact Now

Global 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 bentonite market.

Global Bentonite Market: Market Segmentation

Based 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.

Based 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 projected period.

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.


Competitive Landscape

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.

Recent Development

Ø  March, 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 environmental benefits.

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.

By Product Type

Ø  Sodium

Ø  Calcium

Ø  Others

By Application

Ø  Foundry sands

Ø  Iron ore pelletizing

Ø  Cat litter

Ø  Drilling mud

Ø  Civil Engineering

Ø  Refining

Ø  Others

By Region:  

Ø  North America

Ø  Europe

Ø  Asia Pacific

Ø  Latin America

Ø  Middle East & Africa

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 Bentonite Market.

Ø  To highlight the impact analysis of the factors affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

Ø  To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.


WHY CHOOSE US

  • 24/7 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Coustom Research Service

    Ask the Analyst to customize an exclusive study to serve your research needs.

  • Quality & Accuracy

    offers best quality reports based on various authentic and accurate data findings.

  • Data Visualization

    As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization

  • Information security

    We never share your personal and confidential information. Your personal information is safe and secure with us.