Global Bentonite Market, By Product (Sodium, Calcium, Others), Application (Foundry Sands, Iron Ore Pelletizing, Cat Litter, Drilling Mud, Civil Engineering, Refining, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Bentonite Market
The bentonite market is expected to witness market growth at a rate of 4.50% in the forecast period of 2021 to 2028 and is expected to reach USD 2.39 billion by 2028. Data Bridge Market Research report on bentonite market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The large number of construction and mud drilling applications across the globe is escalating the growth of bentonite market.
Bentonite is utilized as a groundwater barrier, binders in steel and iron manufacturing, liquor clarifiers, animal feed supplement, absorbents for pet litter, a binding agent in the production of iron ore pellets and used for cat litter because it’s absorbing and clump-forming properties. In the construction application, the product is used as lubricant, thixotropic and support agent in pipe jacking, horizontal directional drilling, erecting walls and other drilling processes. They also find application in the mortar and Portland cement because of their plasticity and viscosity.
The high usage of the product to grease the cutting head, remove drill cuttings and to close borehole walls, rise in the rate of applications across industries as groundwater barriers, binders in iron and steel manufacturing, absorbents for pet litter and oil and grease and liquor clarifiers and high drilling mud applications are the major factors driving the bentonite market. The increase in the usage of iron ore pellets in the manufacturing of steel, high demand from end-use applications such as cleansers in pharmaceuticals and rubber tires in the automotive industry and growing product popularity among end-user industries including cosmetics, food and automotive on account of its superior binding accelerate the bentonite market. The usage in wastewater treatment for the removal of organic substances, heavy metal and nutrients and increasing inclination towards the product owning to their low product price, ease of availability and high adsorption capabilities influence the bentonite market. Additionally, growth in awareness among users, expansion of various manufacturing industries, and surge in disposable income positively affect the bentonite market. Furthermore, research and development projects and emerging economies extend profitable opportunities to the bentonite market players in the forecast period of 2021 to 2028.
On the other hand, the implementation of stringent regulations on chemical additives that are used with bentonite in drilling mud is expected to obstruct the bentonite market growth. The negative impact of COVID-19 on the manufacturing industries globally is projected to challenge the bentonite market in the forecast period of 2021 to 2028.
This bentonite market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on bentonite market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Bentonite Market Scope and Market Size
. The bentonite market is segmented on the basis of product and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the bentonite market is segmented into sodium, calcium and others.
- On the basis of application, the bentonite market is segmented into foundry sands, iron ore pelletizing, and cat litter, drilling mud, civil engineering, refining and others.
Global Bentonite Market Country Level Analysis
The bentonite market is analyzed and market size, volume information is provided by country, product and application as referenced above.
The countries covered in the global bentonite market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the bentonite market because of the large scale exploration and drilling activities and implementation of stringent regulations in the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the growing need from construction, metallurgy and oil and gas industries in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bentonite Market Share Analysis
The bentonite market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bentonite market.
The major players covered in the bentonite market report are AMCOL International Corporation, Wyo-Ben, Inc., MidPoint Chemicals Company, LLC, Hindusthan MI Swaco Limited, CB MINERALS, Cimbar Performance Minerals Inc, AMSYN Incorporated, Kutch Minerals, Clariant, Black Hills Bentonite LLC, KUNIMINE INDUSTRIES CO., LTD., Halliburton, Minerals Technologies Inc., Bentonite Performance Minerals LLC, Pacific Bentonite Ltd, Delmon Group, Minerals Technologies Inc., MIDPOINT Chemicals Company, LKAB Minerals AB, Minerals Technologies Inc., Star Bentonite Group, Laviosa Chimica Mineraria SpA among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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