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Bentonite Market Global Forecast
Bentonite Market Size, Share, Trends, Forecast, Growth & Industry Analysis (2022-2028)
The Bentonite Market is Segmented by Product Type (Sodium, Calcium, Sulphur, and Others), by Application Type (Foundry Sands, Cat Litter, Iron Ore Pelletizing, Refining, Drilling Muds, Civil Engineering, and Others), and by Region
The Bentonite Market was estimated to grow from USD 1.62 Billion in 2021 to USD 2.81 Billion by 2028 at a CAGR of 8.1% during the forecast period 2022-2028.
Infrastructure growth in developing economies such as India, Brazil and China is driving the construction industry and hence, boosting the bentonite market. Bentonite is used in tunneling, building waterproof screens, slurry walls, waterproofing foundations and stabilization of casings.
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Bentonite Market – Snapshot |
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Growth |
8.1% for the next five years |
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Dominant Application Type |
Foundry Sands |
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Major Product Type |
Sodium Bentonite |
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Region with the highest demand |
North America |
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Key Players |
Mineral Technologies, Delmon Group of Companies, CETCO, Black Hills Bentonite, and Halliburton |
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Based on the product type, the market is segmented as sodium bentonite, calcium bentonite, sulphur bentonite, and others. Sodium bentonite is likely to dominate the market owing to higher water absorption than calcium bentonite, it can be used as binders, liner materials, and as water proofing materials.
Based on the application type, the market is segmented as foundry sands, cat litter, iron ore pelletizing, refining, drilling muds, civil engineering, and others. Foundry sands application dominated the market in 2020 and is expected to remain the major application type during the forecast period.
In terms of regions, North America is estimated to be the largest market driven by large scale drilling and exploration activities in the USA. Asia-Pacific is expected to witness the highest growth during the forecast period driven by emerging economies such as China, India, ASEAN countries, and others.
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Bentonite is a colloidal clay mineral, formed from weathering volcanic ash often in the presence of water. It is a naturally occurring clay, prominently consisting of montmorillonite, having high water absorption capacity, which results it to expand and swell. The swelling action of absorption of bentonite is contingent on its ion exchange capacity. Bentonite market is segmented as by product type into sodium, calcium, sulphur, and others and by application type into foundry sands, cat litter, iron ore pelletizing, refining, drilling muds, civil engineering, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Bentonite Market Research Report - Features |
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Market Segmentation |
3 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The bentonite market is segmented into the following categories.
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Some of the key players in the bentonite market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
The bentonite market is expected to witness an impressive growth of 8.0% CAGR in the foreseeable future.
Mineral Technologies, Delmon Group of Companies, CETCO, Black Hills Bentonite, and Halliburton are among the key players in the bentonite market.
North America is expected to be the largest bentonite market during the forecast period.
Foundry sand application is expected to be the major segment in the bentonite market over the next five years.
Sodium bentonite is expected to dominate the bentonite market in the coming years.
Asia-pacific is expected to witness the highest growth in the bentonite market in the coming five years.
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