Bentonite Market By Product Type, Application & Region – Forecast 2023 to 2033

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.

Report Includes

Research Scope/Taxonomy
Market Analysis by Product Type:

  • Sodium
  • Calcium
  • Others

Market Analysis by Application

  • Drilling Fluids
  • Binder
  • Sealant
  • Absorbent/Adsrobent
  • Clarification Agent
  • Others

Market Analysis by End- Use Industry

  • Oil
  • Foundry
  • Construction
  • Food
  • Pharmaceuticals Others

Market analysis by region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Middle East & Africa
  • East Asia
  • South Asia & Pacific

Analyst Credentials

Key Companies Profiled

  • Ashapura Group of Companies
  • Black Hills Bentonite, LLC
  • Charles B Chrystal Co. Inc.
  • Clariant AG
  • Halliburton Co
  • Kemira OYJ
  • Kunimine Industries Co., Ltd.
  • Kutch Minerals
  • Kutch Minerals
  • Mineral Technologies Inc.
  • Polymer Drilling

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 U.S. 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 Brazil Mexico 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 Germany Italy France UK Spain Netherlands Norway Russia 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 China Japan South Korea India Indonesia Thailand Vietnam Australia & New Zealand 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 Saudi Arabia Turkey U.A.E. 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 South Africa Nigeria Egypt 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