The global bentonite market size is expected to grow by 2.75 million MT during 2020-2024, progressing at a CAGR of over 2% during the forecast period.
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Technavio has announced its latest market research report titled Global Bentonite Market 2020-2024 (Graphic: Business Wire)
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The use of bentonite for drilling purposes is one of the major factors propelling market growth. However, factors such as competition from organic binders will hamper market growth.
The increasing consumption of bentonite for drilling purposes will drive the growth prospects for the global bentonite market in the forthcoming years. One of the major factors responsible for the growing demand for bentonite is the increasing technological advancements in drilling technologies, which revolutionizes the oil and gas industry and enables access to the most remote of locations, unconventional formations, deep-water regions, and even the Arctic. Also, since bentonite facilitates drilling of new reservoirs, the growing adoption of lateral drilling techniques will boost the demand for bentonite.
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Global Bentonite Market: Product Landscape
Sodium bentonite can absorb a higher amount of water than calcium bentonite. It is capable of expanding up to 15 times its volume. Sodium bentonite has high swelling properties; therefore, it is widely used as a sealant in industries. Sodium bentonite is also used as binders, liner material, and as a suspension agent in concrete, wallboards, cement tiles, and water-proofing building materials. It is also used in healthcare as a poultice or as an external detoxifier of skin and feet. The product is also used for controlling dust on highways and as a hole plug. The growing use of sodium bentonite as an effective sealant is driving the growth of the segment. Market growth in this segment will be faster than the growth of the market in the calcium bentonite and other segments.
Global Bentonite Market: Geographic Landscape
The demand for foundry sand will significantly drive bentonite market growth in this region over the forecast period. 40% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for bentonite in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Companies Covered
- ASHAPURA MINECHEM Ltd.
- CIMBAR Performance Minerals
- Clariant International Ltd.
- EP Minerals LLC
- Halliburton Co.
- Imerys SA
- KUNIMINE INDUSTRIES Co. Ltd.
- Luossavaara-Kiirunavaara AB
- Minerals Technologies Inc.
- Wyo-Ben Inc.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, till 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Bentonite Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist in bentonite market growth during the next five years
- Estimation of the bentonite market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the bentonite market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of bentonite market, vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Sodium bentonite Market size and forecast 2019-2024
- Calcium bentonite Market size and forecast 2019-2024
- Others Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Application
- Market segments
- Comparison by Application
- Foundry sands Market size and forecast 2019-2024
- Iron ore pelletizing Market size and forecast 2019-2024
- Pet litter Market size and forecast 2019-2024
- Drilling mud Market size and forecast 2019-2024
- Others Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC Market size and forecast 2019-2024
- North America Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive Scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- ASHAPURA MINECHEM Ltd.
- CIMBAR Performance Minerals
- Clariant International Ltd.
- EP Minerals LLC
- Halliburton Co.
- Imerys SA
- KUNIMINE INDUSTRIES Co. Ltd.
- Luossavaara-Kiirunavaara AB
- Minerals Technologies Inc.
- Wyo-Ben Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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