Bentonite Market: Current Analysis and Forecast (2021-2027)

Analyzing the historical market, estimation of the current market, and forecasting the future of global bentonite were the three major steps undertaken to create and analyze the adoption of bentonite across various segments in North America, Europe, Asia Pacific, MEA & South America. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the bentonite sector. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detailed secondary study was conducted to obtain the historical market size of the bentonite through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the bentonite market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report are as product and application. Further regional & country-level analyses were conducted to evaluate the overall adoption of bentonite in the global context.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of bentonite. Further, we conducted factor analysis using dependent and independent variables like growing steel industry and oil and gas industry. Historical trends and their year-on-year impact on the market size and share in the recent past were analyzed. Demand and supply side scenario was also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global bentonite market, and market shares of the segments. All the required percentage split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (US$) and the adoption rate of bentonite across the major markets


• All percentage shares, splits, and breakdowns of market segments and sub-segments


• Key players in the bentonite market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major countries. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global bentonite market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product and application.

The main objective of the Bentonite Market Study

The current & future market trends of bentonite were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends determine the overall attractiveness of the market at a global & country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of bentonite in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments


• Segments in the study include areas of product and application.


• Defined analysis of the regulatory framework for the global bentonite industry


• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry


• Analyze the current and forecast market size of the Bentonite for the major regions & countries


• Major regions studied in the report include North America, Europe, Asia Pacific, MEA, and South America.


• Company profiles of the bentonite market players and the growth strategies adopted by them to sustain in the fast-growing market


• Deep dive regional & country level analysis of the industry