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

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Emphasis on Product (Sodium, Calcium, and Others); Application (Cat Litter, Civil Engineering, Drilling Mud, Foundry Sands, Iron Ore Pelletizing, Refining, and Others); Region and Country

Published:

Nov-2021

Pages:

207

Table:

31

Figure:

106

Report ID:

UMCH21533

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Bentonite Market 2
Bentonite Market 2

Global Bentonite Market was valued around US$ 1.4 billion in 2020 and is anticipated to display a CAGR of around ~ 6% over the forecast period (2021-2027). Over the decades there has been a linear increase in the demand of oil and gas across the world. This was mainly due to ongoing and previous advancements in the transportation, automobile, and industrial sector. Drilling fluid used while drilling an oil and gas well majorly consists of bentonite along with several drilling fluid additives. Rising demand of oil and gas would result in increased drilling activities thereby escalating the demand of bentonite.

For instance, global oil production increased to 4,478 million tons (MT) in 2019, compared to 4,227 MT in 2014. However, considering Covid-19 after nine consecutive years of increase, global consumption of crude oil observed a decline of around 9 million barrels per day (BPD) in 2020, resulted in the consumption of 88.5 million BPD.

Insights Presented in the Report

“Amongst product, sodium category holds prominent market share.”

  • Based on product, the bentonite market is segmented into sodium, calcium, and others. Among these, sodium bentonite held prominent market share owing to large demand from oil and gas drilling industry. Increasing fuel requirement has led to exploration and production activities which eventually escalate the drilling operation which require bentonite as drilling fluid.

“Amongst application, iron ore pelletizing, and drilling mud held lucrative market share in 2020.”

Based on application, the bentonite market is divided into cat litter, civil engineering, drilling mud, foundry sands, iron ore pelletizing, refining, and others. Among them, iron ore pelletizing, and drilling mud hold a considerable market share. Since bentonite is used as a binder in iron ore pelletizing which further is used in manufacturing steel. Thus, expanding steel industry would boost the demand for iron ore pellets which require bentonite during its operation thereby shooting up the demand for bentonite.

“North America held considerable demand for bentonite owing to rising oil & gas activities”

For a better understanding of the market adoption of Bentonite, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, Rest of APAC), MEA (Saudi Arabia, Kuwait, Iran, UAE, Rest of MEA) and South America (Brazil, Argentina, Rest of South America). Large-scale drilling activities in the U.S. may promote growth of bentonite market owing to the product’s requirement as a raw material for drilling fluids.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional & country-level analysis of the industry

Customization Options:

The global bentonite market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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1.1.    Market Definitions
1.2.    Limitation
1.3.    Stake Holders
1.4.    Currency used in Report
2.1.    Research Process of the Bentonite Market
2.2.    Research Methodology of the Bentonite Market
2.3.    Forecasting Method
2.4.    Respondent Profile
2.5.    Main Objective of the Bentonite Market Study

 

3.       MARKET SYNOPSIS

 

4.       EXECUTIVE SUMMARY
5.       GLOBAL BENTONITE MARKET COVID-19 IMPACT

 

6.       GLOBAL BENTONITE MARKET REVENUE (USD BN), 2019-2027F

 

7.1.    Sodium
7.2.    Calcium
7.3.    Others 

 

8.1.    Cat Litter
8.2.    Civil Engineering
8.3.    Drilling Mud
8.4.    Foundry Mud
8.5.    Iron Ore Pelletizing
8.6.    Refining
8.7.    Others
9.1.    North America Bentonite Market 
9.1.1.United States
9.1.2.Canada
9.1.3.Rest of North America
9.2.    Europe Bentonite Market 
9.2.1.Germany
9.2.2.France
9.2.3.United Kingdom
9.2.4.Spain
9.2.5.Rest of Europe
9.3.    Asia Pacific Bentonite Market
9.3.1.China
9.3.2.India
9.3.3.Australia
9.3.4.Japan
9.3.5.Rest of Asia Pacific
9.4.    MEA Bentonite Market
9.4.1.Saudi Arabia
9.4.2.Kuwait
9.4.3.UAE
9.4.4.Iran
9.4.5.Rest of MEA
9.5.    South America Bentonite Market
9.5.1.Brazil
9.5.2.Argentina
9.5.3.Rest of South America
10.1.                     Market Drivers
10.2.                     Market Challenges
10.3.                     Impact Analysis
11.   BENTONITE MARKET OPPORTUNITIES
12.   BENTONITE MARKET TRENDS

 

13.   LEGAL & REGULATORY FRAMEWORK

 

14.1.                     Demand Side Analysis
14.2.                     Supply Side Analysis
14.2.1.    Top Product Launches
14.2.2.    Top Business Partnerships
14.2.3.    Top Business Expansions, Investments and Divestitures
14.2.4.    Top Merger and Acquisitions

 

15.   VALUE CHAIN ANALYSIS

 

16.1.Competitive Landscape
 16.1.1.Company Shares, By Revenue
17.1.                     Bentonite Company LLC
17.2.                     Black Hills Bentonite LLC
17.3.                     Minerals Technologies Inc.
17.4.                     Imerys S.A. 
17.5.                     Wyo-Ben Inc.
17.6.                     Tolsa S.A. 
17.7.                     Laviosa Mineral Solutions SpA
17.8.                     G & W Mineral Resources
17.9.                     Ningcheng Tianyu Chemical Co. Ltd.
17.10.                  Kunimine Industries Co., Ltd.
18.   DISCLAIMER

 

Research Methodology

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

Bentonite Market 1
Bentonite Market 1

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