Bentonite Market – Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Bentonite Market – Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Bentonite is naturally occurring industrial rock, characterized by the property of absorbing water and capacity for Base Exchange. It is generated frequently from the alteration of volcanic ash, consisting predominantly of smectite minerals, usually montmorillonite. Bentonite is processed to give sodium and calcium montmorillonite, activated clays, and organo-clays all of which have different properties that can be applied in wide range of uses and applications. It has special properties such as hydration, swelling, water absorption, viscosity, and thixotropy. Different types of bentonite are each named after the respective dominant element such as potassium, sodium, calcium, and aluminum.
Market Dynamics
A major driver for growth of the global bentonite market is rising construction industry. Bentonite slurries are used in the construction of special foundations for digging diaphragm walls and bored piles. Governments of various countries are investing heavily on various construction activities. For instance, the government of Dubai announced awarding of 47 contracts valued at US$ 4.3 billion in January 2017 for Dubai Expo 2020. Furthermore, budget for infrastructure increased by 46.5 % in 2021 as compared to 2017, accounting for 21% of the total government expenditure in Dubai due to Expo 2020.
However, rules and regulations on bentonite plugging and safe drinking water is expected to hamper the bentonite market growth. Accordng to Government of State of California, bentonite used for plugging must consist of sodium bentonite exhibiting a minimum specific gravity of 2.0 (dry)/1.5 (hydrated), a pH between 6 and 12, and a chemical makeup of around 63% SiO2, 21% Al2O3, and 16% others. Furthermore, use of additives with bentonite is not allowed.
Among end use industry, the oil and gas segment is projected to gain major traction over the forecast period, owing to growth of drilling fluid- and clarification agent application of bentonite in rising oil industry, especially in Asia Pacific and Middle East. According to ‘Analysis of Oil and Gas Industry in Asia’ paper in European Journal of Business and Management, demand for crude oil and natural gas in the Asian region had increased at a rate of 1.3% during 2000-2012.
Key features of the study:
This report provides in-depth analysis of global bentonite market and provides market size (US$ million & thousand metric tonnes) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global bentonite market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study includes Kemira OYJ, Mineral Technologies Inc., Clariant AG, Kunimine Industries Co., Ltd., Charles B Chrystal Co. Inc., Alfa Aesar, Kutch Minerals, Ashapura Group of Companies, Halliburton Co., Wyo-Ben, Inc., Polymer Drilling Systems (PDS) Co, Inc., and Black Hills Bentonite, LLC
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
The global bentonite market report caters to various stakeholders in this industry including investors, suppliers, filament tapes manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global bentonite market
Detailed Segmentation:
Global Bentonite Market, By Product Type:
Sodium
Calcium
Others
Global Bentonite Market, By End Use Application:
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
Global Bentonite Market, By End-use Industry:
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
Global Bentonite Market, By Region:
North America
U.S.
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
Canada
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
Latin America
Brazil
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
Mexico
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
Argentina
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
Rest of Latin America
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
Western Europe
Germany
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
Italy
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
France
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
U.K.
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
Spain
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
Rest of Western Europe
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
Eastern Europe
Poland
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
Russia
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
Rest of Eastern Europe
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
APEJ
China
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
India
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
ASEAN
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
Australia & New Zealand
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
Rest of APEJ
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
Japan
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
MEA
GCC
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
South Africa
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
Israel
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
Turkey
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
Rest of MEA
By Product Type
Sodium
Calcium
Others
By End Use Application
Drilling Fluids
Binder
Sealant
Absorbent/Adsorbent
Clarification Agent
Others
By End-use Industry
Oilfield
Foundry
Construction
Food
Pharmaceuticals
Others
Company Profiles
Kemira OYJ*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Mineral Technologies Inc.
Clariant AG
Kunimine Industries Co., Ltd.
Charles B Chrystal Co. Inc.
Alfa Aesar
Kutch Minerals
Ashapura Group of Companies
Halliburton Co.
Wyo-Ben, Inc.
Polymer Drilling Systems (PDS) Co, Inc.
Black Hills Bentonite, LLC
“*” marked represents similar segmentation in other categories in the respective section.