Bentonite Market to Demonstrate Steady Growth, With Expansion in Niche Applications
Impressive absorbing and adsorbing properties of bentonite, makes it a key ingredient in skin care products. In addition, increasing consumption of bentonite as a sealing agent in construction industry will assist the market’s growth. Excellent plasticity and lubricating properties with high dry-bonding strength of bentonite is poised to increase its consumption in personal care products and construction industry.
Bentonite is able to expand 10 times its volume which provides it its slippery, viscous properties due to which it acts as a lubricant. Owing to its aforementioned properties bentonite is used in mud-rotary and drilling processes. With a large number of oil and gas producers around the globe, consumption of bentonite as a drilling fluid for extraction of crude oil and natural gas has amplified.
With its impressive water holding and nutrient offering ability bentonite is used to remove dryness and nutrient deficiency of soil. Bentonite has diverse applications in the field of skin care, food, construction, pharmaceuticals and oil & gas, which is anticipated to propel the growth of bentonite market at a CAGR of more than 5% during the forecast period (2019-2027).
Sodium Bentonite Accounts for More than 50% of Bentonite Market Share
Sodium bentonite expands to a greater degree as compared to calcium bentonite. Growing infrastructure development and increasing demand for steel and iron ore across various industries are some of the key factors that are expected to drive the demand for sodium bentonite in the foundry and construction industry.
Escalating demand for extracted oil and natural gas will fuel the growth of bentonite market to greater heights. Attributed to the aforementioned factors, sodium bentonite market is anticipated to create an absolute $ opportunity of worth US$ 1,000 Mn by 2027.
Bentonite being a natural material is extracted from mines across the world. National and regional governments have imposed restrictions on trans-continental trade of bentonite due to depletion of natural resources in the respective regions. As a result, end use industries in regions with low reserves of bentonite are focused towards adoption of alternatives to bentonite. This is projected to adversely affect the market to a certain extent during the forecast period.
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North America to Govern the Bentonite Market
North America accounts to more than 30% total global production of bentonite. In 2019, North American bentonite market was valued at around US$ 600 Mn, and is expected to expand at a leading growth rate vis-a-vis other regions. With rapid economic development in countries such as India and China are leading to rise in disposable income, especially among the middle class.
Escalating demand for consumer care products such as toiletries and personal care products in China and India will create significant demand for bentonite. Increasing end-user industry output and growing applications of bentonite are some of the key factors that are projected to fuel demand for bentonite over the forecast period.
Key Players to focus on Aggressive Pricing Strategy
With the presence of numerous global and local bentonite manufacturers, players are focusing towards pricing and quality of bentonite. Collaboration of various foundries and drilling industry players over long term forecast will help to increase the consumption of bentonite by the respective players.
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Bentonite Market Segmentation
Fact.MR has studied the bentonite market with detailed segmentation on the basis product type, application and key regions.
- Drilling Fluid
- Clarification Agents
- North America
- Western Europe
- Latin America
- Eastern Europe
- Asia Pacific excluding Japan
- Middle East & Africa (MEA)
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Bentonite Market- Scope Of The Report
The recent study by Fact.MR on bentonite market offers a 10-year forecast between 2019 and 2027. The study analyzes crucial trends that are currently determining the growth of bentonite market. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of bentonite. The study also provides dynamics that are responsible for influencing the future status of the bentonite market over the forecast period.
A detailed assessment of bentonite market value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the bentonite market along with their product portfolio enhances the reliability of this comprehensive research study.
Bentonite Market: Report Summary
The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in bentonite market across the globe.
A comprehensive estimate on bentonite market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of bentonite market during the forecast period. Price point comparison by region with global average price is also considered in the study.
Bentonite market: Analysis on Market Size Evaluation
Bentonite market has been analyzed for each market segment, in terms of volume (Kilo tons) and value (US$ Mn).
Market estimates at global and regional levels for bentonite is available in terms of “US$ Mn” for value and in “Kilo tons” for volume. A Y-o-Y growth contrast on prominent bentonite market segments, along with market attractiveness evaluation has been incorporated in the report.
Furthermore, the absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve along with identifying potential resources, considering sales and distribution perspective in the global bentonite market.
Bentonite market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the bentonite report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (political economic, and business environment outlook), which are expected to have a momentous influence on the growth of bentonite market during the forecast period.
Country-specific valuation on demand for bentonite has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
Bentonite market: In-Depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of bentonite along with their detailed profiles. Essential and up-to-date data information related to the market performers, who are principally engaged in the production of bentonite, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.
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