Emerging Trends and Drivers in the Bentonite Market A Market Forecast
Category: Chemicals & Materials Published Date : Feb-23 ID: CVC-92423 Format: PDF Pages: 300
Report Highlights
According to a research survey conducted by ChemView Consulting, in 2023 Bentonite Market was worth US $ 1.62 Bn. The market is expected to grow at a CAGR of 6.20% between 2023 and 2033 to hit US $ 2.96 Bn by 2033 end.
Key Market Trends
The Solution for a Cleaner and Healthier Environment
With its role in purifying water and soil, bentonite is becoming a popular choice for a cleaner and healthier environment, creating a wide range of opportunities in the market.
The Key Ingredient in Oil and Gas Drilling
Bentonite is a key ingredient in oil and gas drilling due to its role in improving drilling efficiency and stability, making it a valuable product in the market.
The Essential Element in Animal Feed Additives
With its role in improving animal health and digestion, bentonite is an essential element in animal feed additives, creating a wide range of opportunities in the market.
Market Drivers
Growing demand from the foundry and construction industries
Bentonite is widely used in foundry sands as a binding agent to create molds for metal casting, and the growing demand for metal castings in various industries is driving the demand for bentonite. The construction industry uses bentonite as a waterproofing material for foundations, retaining walls, and other structures, and the rising construction activities globally are expected to boost the demand for bentonite.With the increasing demand from these sectors, the bentonite market is expected to grow in the coming years.
Segmentation Insights
After conducting a thorough analysis of the Bentonite Market, we have identified the top three trending segments in the industry. These segments are experiencing significant growth, high demand, and widespread adoption.
Most Popular (Fastest Growth Rate)
Sodium Bentonite (Drilling Fluids Application)
Sodium Bentonite is the most popular product in the Bentonite Market due to its extensive usage in the drilling fluids application. It is widely used as a drilling mud additive to enhance drilling efficiency, prevent fluid loss, and control borehole stability. Sodium Bentonite’s excellent properties such as high swelling capacity, low permeability, and thermal stability make them the preferred choice for the drilling fluids application.
Most Selling (Largest Market Share)
Calcium Bentonite (Foundry Application)
Calcium Bentonite is the most selling product in the Bentonite Market due to its extensive usage in the foundry application. It is widely used as a bonding material in foundry sands to provide strength and cohesion to the moulds and cores. Calcium Bentonite’s excellent properties such as high binding strength, good collapsibility, and low thermal expansion make them the go-to choice for the foundry application.
Trending (Gaining Traction)
Sodium Bentonite (Sealant Application)
Sodium Bentonite is gaining significant traction in the Bentonite Market due to its usage in the sealant application. It is widely used as a sealing material in various industries, including construction, civil engineering, and environmental remediation, to prevent fluid migration and seepage. Sodium Bentonite’s excellent properties such as high swelling pressure, low permeability, and good plasticity make them a trending choice in the sealant application.
Regional Insights:
North America: A Prominent Market with Abundant Mineral Resources
North America is a leading market for bentonite, owing to its abundant mineral resources, particularly in countries like the United States and Canada. The region’s flourishing oil and gas industry, as well as its strong agriculture and construction sectors, requires advanced bentonite products for various applications. The strong presence of global bentonite producers and the increasing investments in research and development make North America a vital market for bentonite.
Africa: A Rising Market with Immense Opportunities
Africa is an emerging market for bentonite, driven by its rich mineral resources and growing industrial sector. Countries like South Africa, Morocco, and Algeria are witnessing increasing demand for bentonite in applications such as drilling mud, foundry sand, and civil engineering. The African continent’s untapped potential and expanding industrial sector make it an attractive market for bentonite manufacturers and investors seeking new opportunities.
Research Scope/Taxonomy
Market Analysis by Product Type:
Market Analysis by Application
Market Analysis by End- Use Industry
Market analysis by region:
Key Companies Profiled
1.1. Global Market Snapshot
1.2. Key Success Factors
1.3. Strategic Analysis and Recommendations
2.1. Market Taxonomy
2.2. Market Definitions
3.1. Preliminary Investigation & Research Design
3.2. Secondary Research & Primary Research
3.3. Data Analysis & Econometric Modelling
3.4. Expert Data Validation
4.1. Supply-Side Trends
4.2. Demand-Side Trends
5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032
5.2. Incremental $ Opportunity Index, 2022-2032
5.3. Global Market Volume (Tons) Analysis, 2017 – 2032
6.1. Regional Level Pricing Analysis and Forecast
6.1.1. Manufacturers Level Pricing
6.1.2. Distributor Level Pricing
6.2. Global Pricing Analysis Benchmark
6.3. Cost Breakdown Analysis
7.1. Cross Analysis of Application W.R.T. Product Type
8.1. Regional Supply Vs. Demand Gap Assessment
8.2. Top Producing Countries Analysis
9.1. Macroeconomic Factors
9.2. Forecast Factors
9.3. Market Dynamics
9.3.1. Driver
9.3.2. Restraint
9.3.3. Opportunity
9.4. Supply Chain Analysis
9.4.1. List Raw Material Suppliers
9.4.2. List of Manufacturers
9.4.3. List of Distributors
9.4.4. List of End-Users
9.4.5. End-Users Consumption Analysis
9.4.6. Average Profitability Margin Analysis
9.5. Covid-19 Impact Assessment
9.5.1. Economy/Cluster Projections
9.5.2. Covid-19 Economic Assessment
9.5.3. Impact on Target Market
9.5.4. Recovery Scenario
9.6. Regulatory Framework
9.6.1. Regulations of Key Countries
9.6.2. Potential Impact of Regulations
9.7. Porter’s Five Forces Analysis
9.8. Product Type Landscape
10.1. Introduction
10.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Product Type [Value (US$ Mn) and Volume (Tons) Analysis]
10.2.1. Sodium
10.2.2. Calcium
10.2.3. Otherss
10.3. Market Attractiveness Analysis by Product Type
11.1. Introduction
11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Application [Value (US$ Mn) and Volume (Tons) Analysis]
11.3. Drilling Fluids
11.4. Binder
11.5. Sealant
11.6. Absorbent/Adsrobent
11.7. Clarification Agent
11.8. Others
12.3.Market Attractiveness Analysis by Application
12.1. Introduction
12.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By End- Use Industry [Value (US$ Mn) and Volume (Tons) Analysis]
12.3. Oil
12.4. Foundry
12.5. Construction
12.6. Food
12.7. Pharmaceuticals Others
12.3.Market Attractiveness Analysis by End- Use Industry
13.1. Introduction
13.2. Key Market Trends
13.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
13.3.1. North America
13.3.2. Latin America
13.3.3. Europe
13.3.4. Asia-Pacific
13.3.5. Middle East
13.3.6. Africa
13.4. Market Attractiveness Analysis by Region
14.1. Introduction
14.2. Key Market Trends
14.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
14.3.1. By Country
14.3.1.1. U.S.
14.3.1.2. Canada
14.3.2. By Product Type
14.3.3. By Application
14.3.4. By End- Use Industry
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Product Type
14.4.3. By Application
14.4.4. By End- Use Industry
15.1. Introduction
15.2. Key Market Trends
15.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
15.3.1. By Country
15.3.1.1. Brazil
15.3.1.2. Mexico
15.3.1.3. Rest of Latin America
15.3.2. By Product Type
15.3.3. By Application
15.3.4. By End- Use Industry
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Product Type
15.4.3. By Application
15.4.4. By End- Use Industry
16.1. Introduction
16.2. Key Market Trends
16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
16.3.1. By Country
16.3.1.1. Germany
16.3.1.2. Italy
16.3.1.3. France
16.3.1.4. UK
16.3.1.5. Spain
16.3.1.6. Netherlands
16.3.1.7. Norway
16.3.1.8. Russia
16.3.1.9. Rest of Europe
16.3.2. By Product Type
16.3.3. By Application
16.3.4. By End- Use Industry
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Product Type
16.4.3. By Application
16.4.4. By End- Use Industry
17.1. Introduction
17.2. Key Market Trends
17.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
17.3.1. By Country
17.3.1.1. China
17.3.1.2. Japan
17.3.1.3. South Korea
17.3.1.4. India
17.3.1.5. Indonesia
17.3.1.6. Thailand
17.3.1.7. Vietnam
17.3.1.8. Australia & New Zealand
17.3.1.9. Rest of Asia-Pacific
17.3.2. By Product Type
17.3.3. By Application
17.3.4. By End- Use Industry
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Product Type
17.4.3. By Application
18.1. Introduction
18.2. Key Market Trends
18.3. Pricing Analysis
18.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
18.4.1. By Country
18.4.1.1. Saudi Arabia
18.4.1.2. Turkey
18.4.1.3. U.A.E.
18.4.1.4. Rest of the Middle East
18.4.2. By Product Type
18.4.3. By Application
18.4.4. By End- Use Industry
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Product Type
18.5.3. By Application
19.1. Introduction
19.2. Key Market Trends
19.3. Pricing Analysis
19.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
19.4.1. By Country
19.4.1.1. South Africa
19.4.1.2. Nigeria
19.4.1.3. Egypt
19.4.1.4. Rest of Africa
19.4.2. By Product Type
19.4.3. By Application
19.4.4. By End- Use Industry
19.5. Market Attractiveness Analysis
19.5.1. By Country
19.5.2. By Product Type
19.5.3. By Application
19.5.4. By End- Use Industry
20.1. Tier Structure Breakdown
20.2. Market Share Analysis
20.3. Production Capacity Analysis
20.4. Company Footprint Analysis
20.4.1. Product Footprint of Players
20.4.2. Regional Footprint of Players
20.4.3. Channel Footprint of Players
20.5. Brand Preference Analysis
20.6. Competition Dashboard
21.1. Ashapura Group of Companies.
21.1.1. Company Overview
21.1.2. Product & Financial Portfolio
21.1.3. Manufacturing Facilities
21.1.4. Recent Developments
21.1.5. SWOT Analysis
21.1.6. Strategy Overview
21.2. Black Hills Bentonite, LLC
21.3. Charles B Chrystal Co. Inc.
21.4. Clariant AG
21.5. Halliburton Co
21.6. Kemira OYJ
21.7. Kunimine Industries Co., Ltd.
21.8. Kutch Minerals
21.9. Kutch Minerals
21.10. Mineral Technologies Inc.
21.11. Polymer Drilling.
21.12. Others