Global Bentonite Market by Application (Refining, Iron Ore Pelletizing, Pet Litter, Civil Engineering, Drilling Mud, Foundry Sands), by Product (Sodium, Calcium) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

Global bentonite market was worth USD 1.27 billion in 2015. It is expected to grow at a 4.8% CAGR over the forecast period due to its increased use in drilling fluid applications and oil well cement. Bentonite clay is made from volcanic ash. It is used primarily to grease the cutting heads, to remove drill cuttings, and to close borehole walls. Industry growth is expected to be driven by increased product use in the following eight years.

Volume of the U.S. Market by Application, 2013-2024 (Kilo Tons).

Drilling mud is its largest application. It is likely to lose market share in the next eight years due to the expanding application of the product into other applications, such as iron ore pelletizing and foundry sands. The product market is expected to see a rise in iron ore pellet use in the production of steel over the forecast period.

Over the forecast period, the market will be driven by the rising demand for cleansers in pharmaceuticals as well as rubber tires in automotive. Product demand will be limited by strict regulations like the Safe Drinking Water Act, which was enacted in the United States.

The product's superior binding abilities will help it gain popularity in the end-user markets of cosmetics, food and automotive over the next eight year.

Application insights

Foundry sands accounted for more than 35% of the global volume in 2015. The demand for bentonite is increasing in foundry molds that are used to make brake drums and engine blocks. The product makes the mold's surface impermeable, which helps maintain its mechanical shape. These factors will have a positive impact on the market during the forecast period.

In 2015, refining's product demand was over USD 55 millions. Low iron content makes bentonite a good catalyst in the petroleum refining process. Bentonite is able to absorb more water than plastic clay. This makes it a better choice for grouting wells, dams and drilling muds.

Product insights

Segmentation of the global bentonite market was done by product categories, including sodium, calcium, and other such products as aluminum, potassium, and magnesium. Both calcium and sodium bentonite can be used in drilling mud. Global sodium bentonite was responsible for more than 60% of total revenue in 2015. Because of its chemical-proof sealing ability, it is an effective sealant that is permanent, inexpensive, and easy to install.

Volume of global bentonite markets by product in 2015

In 2015, calcium bentonite was responsible for more than USD 350 million in the global market. The industry is expected to grow in the coming eight years due to the increasing use of calcium bentonite as an adsorbent for ions in oils, fats and other chemical solutions.

Regional insights

Due to its large-scale exploration and drilling operations, the U.S. was the dominant North American bentonite market in 2015. It accounted for more than 80% of North America's revenue in 2015. Due to the stringent regulations in the area, North America will lose its share to Latin America over the next eight year.

Asia Pacific demand was over 6,000 kilo tonnes in 2015. Over the forecast period, the region's product demand will be driven by the growing need for construction, metallurgy and oil & Gas industries.

Insight into the Bentonite Market Share

M-I SWACO is a key player in this market.

Wyo-Ben Inc. purchased Sharewell HDD Drilling Products Thunderstorm, a line of cleaning and mud-mixing equipment in Texas, USA, in April 2015. This acquisition was made to meet consumer demand. Cimbar Performance Materials Inc. grew the company in July 2014 to become one the largest barium suppliers in North America.

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country levels. It also provides analysis of the most recent trends and opportunities in each sub-segment from 2014 through 2025. Up Market Research has divided the market for bentonite on the basis product, region, and application.

• Product Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

  • Sodium

  • Calcium

  • Other

• Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

  • Foundry sands

  • Iron ore pelletizing

  • Cat litter

  • Drilling mud

  • Civil Engineering

  • Refining

  • Other

• Regional Outlook (Volume of Kilo Tons, Revenues, USD Millions, 2013-2024)

  • North America

    • The U.S.

  • Europe

    • Germany

    • Russia

  • Asia Pacific

    • China

    • India

  • Latin America

    • Brazil

    • MEA

  • UAE

Up Market Research published a new report titled “Bentonite Market research report which is segmented by Application (Refining, Iron Ore Pelletizing, Pet Litter, Civil Engineering, Drilling Mud, Foundry Sands), by Product (Sodium, Calcium), By Players/Companies AMCOL International, Volclay International, Cimbar, M-I SWACO, MidPoint Chemicals Company, Kemira, Charles B Chrystal Co Inc, Amsyn Inc, Wyo-Ben Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Bentonite Market Report Segments:

The market is segmented by Application (Refining, Iron Ore Pelletizing, Pet Litter, Civil Engineering, Drilling Mud, Foundry Sands), by Product (Sodium, Calcium).

Bentonite Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Bentonite Market

Overview of the regional outlook of the Bentonite Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Bentonite Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Bentonite Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Refining

                2. Iron Ore Pelletizing

                3. Pet Litter

                4. Civil Engineering

                5. Drilling Mud

                6. Foundry Sands

                1. Sodium

                2. Calcium

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Bentonite Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
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• Product & Brand Management
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Reasons to Purchase the Bentonite Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.