Bentonite Market Report

Market Insights

Bentonite Market is likely to witness an impressive CAGR of 8.0% during the forecast period. 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.

Segment Analysis

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Bentonite Market Share: By Product Type

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.

Bentonite Market Share: By Application Type

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.

Bentonite Market Share: By Region

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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Market Scope & Segmentation

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.

The bentonite market is segmented into the following categories. 

Bentonite Market Size, Share, & Forecast, by Product Type:

• Sodium (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Calcium (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Sulphur (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Bentonite Market Size, Share, & Forecast, by Application Type:

• Foundry Sands (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cat Litter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Iron Ore Pelletizing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Refining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Drilling Muds (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Civil Engineering (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Bentonite Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the key players in the bentonite market are-

• Mineral Technologies
• Delmon Group of Companies
• CETCO
• Black Hills Bentonite
• Halliburton.

Research Methodology

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.

Report Features

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:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the application types by product type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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.