Chemicals and Advanced Materials

Bentonite Market Segmentation by Product (Sodium, Calcium, and Sulphur); and by Application (Foundry Sands, Iron Ore Pelletizing, Civil Engineering, Refining, Pet Litter, and Drilling Mud) – Global Demand Analysis & Opportunity Outlook 2030

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Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.


In The News

  • October 2020 - Mineral Technologies Inc. announced the acquisition of the company Tri-State Construction, which specializes in building both commercial and residential properties. The aim of this deal is to help MTI strengthen its leadership in bentonite-based products.


Global Bentonite Market Highlights 2022 – 2030

The global bentonite market is estimated to garner a large amount of revenue and grow at a CAGR of ~4% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the growing use of bentonite in oil well cement and drilling fluid applications, and increasing construction and infrastructural activities around the world. For instance, in the United States alone, 1.2 million new housing units are planned every year. Also, commercial construction grew by almost 8 percent between 2014-2019. Apart from these, rising awareness associated with wastewater treatment, and escalating applications of metal casting and foundry in the automotive industry, are expected to raise the demand for the product in the upcoming years. Furthermore, rise in popularity among end user industries, namely, food and beverages, cosmetics and pharmaceuticals, is also projected to drive market growth in the near future. In addition, heightened use of iron pellets in steel manufacturing is assessed to offer profitable opportunities to the market by the end of 2030.

Bentonite Market

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The market is segmented by application into foundry sands, iron ore pelletizing, civil engineering, refining, pet litter, and drilling mud, out of which, the foundry sands segment is anticipated to hold the largest share in the global bentonite market. This can be accounted to the growing demand for foundry molds to cast engine blocks, manhole covers, brass water fittings and cast-iron pans, and the ability of the product to maintain mechanical shape of the mold. Moreover, on the basis of product, the sodium segment is evaluated to acquire the largest share during the forecast period owing to the chemical-proof sealing capability of sodium making it easy to install and highly cost-effective. 


Major Macro-Economic Indicators Impacting the Market Growth

Refinery Catalyst

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.


Global Bentonite Market Regional Synopsis

On the basis of geographical analysis, the global bentonite market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the rising demand for bentonite from metallurgy, construction, and oil and gas industries. In addition, rapidly increasing population, escalating urbanization and improvements in standard of living are also projected to drive the region’s market growth in the coming years. Additionally, the market in North America is anticipated to grab the largest share during the forecast period ascribing to the largescale oil drilling and exploration activities, and rise in energy consumption in the region. According to the U.S. Energy Information Administration, 92.94 quadrillion Btu units of energy was consumed in the country in the year 2020, where petroleum held the largest share of 35 percent in terms of fuel used.

The global bentonite market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


Bentonite Market
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Market Segmentation

Our in-depth analysis of the global bentonite market includes the following segments:

By Product

  • Sodium
  • Calcium
  • Sulphur

By Application

  • Foundry Sands
  • Iron Ore Pelletizing
  • Civil Engineering
  • Refining
  • Pet Litter
  • Drilling Mud


Growth Drivers
  • Growing Use of Bentonite in Oil Well Cement and Drilling Fluid Applications
  • Increasing Construction and Infrastructural Activities

Challenges

  • Harmful Impact of Bentonite on the Environment


Refinery Catalyst
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Top Featured Companies Dominating the Market

    • MidPoint Chemicals Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Amcol Australia Pty Ltd
    • Volclay International
    • Charles B. Chrystal Co. Inc.
    • Amsyn Inc
    • Wyo-Ben Inc
    • Minerals Technologies Inc.
    • Kemira Oyj
    • Schlumberger Limited
    • Cimbar Performance Minerals

Key Questions Answered in the Report

1) What are the major factors driving the growth of the bentonite market?

Ans: The major factors driving market growth are growing use of bentonite in oil well cement and drilling fluid applications and increasing construction and infrastructural activities.

2) What would be the CAGR of bentonite market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~4% over the forecast period, i.e., 2022 – 2030.

3) What are the challenges affecting the bentonite market growth?

Ans: Harmful impact of bentonite on the environment is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of bentonite market in future?

Ans: Asia Pacific will provide more business opportunities for market growth owing to the rising demand for bentonite from metallurgy, construction, and oil and gas industries.

5) Who are the major players dominating the bentonite market?

Ans: The major players in the market are MidPoint Chemicals Company, Volclay International, Charles B. Chrystal Co. Inc., Amsyn Inc, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the bentonite market?

Ans: The market is segmented by product, application, and by region.

8) Which segment captures the largest market size in the application segment in the bentonite market?

Ans: The foundry sands segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.

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