Global Bentonite Market to Reach US$ 2,810.16 Million by 2027

The global bentonite market was valued at US$ 1,670.47 Million in 2018, according to Global Bentonite Market Report, by Product Type (Sodium and Calcium and Others), End Use Application (Drilling Fluids, Binder, Sealant, Absorbent/Adsorbent, Clarification Agent and Others), End-use Industry (Oilfield, Foundry, Construction, Food, Pharmaceuticals and Others) and by Region (North America, APEJ, Japan, Western Europe, Eastern Europe, MEA and Latin America) published by . Bentonite is a type of clay that has various civil engineering applications due to its excellent properties of swelling, hydration, water absorption, and viscosity. They can be classified into sodium bentonite and calcium bentonite. Sodium bentonite has high swelling and gelling property whereas calcium bentonite has less swelling property. Bentonite is widely used across rubber, chemical, insecticide & pesticide industries and in the civil construction sector. Bentonite that is free of dirt and other foreign materials with less swelling property find application in the ceramic industry. Moreover, Bentonite gels are used as a carrier across various cosmetic products such as creams and toothpaste. The global bentonite market is estimated to account for US$ 2,810.16 million in terms of value and 41,010.40 Thousand Metric Tonnes in terms of volume by the end of 2027 Drivers: Rising demand for bentonite as a raw material across various industries such as foundry, pharma, and food is projected to boost the market growth as these industries are growing rapidly around the globe. Also, growing production of finish goods that uses bentonite as raw materials is further estimated to upsurge the market growth of bentonite over the forecast timeframe. Also, the rising demand for animal feed is also projected to foster the market growth of bentonite. For instance, the United Nations Food and Agriculture Organization (FAO) forecast that by 2050 the demand for food will increase by 60% and that between 2010 and 2050 production of animal proteins is projected to rise by around 1.7% per year, with meat production expected to grow by nearly 70%, aquaculture by 90% and dairy by 55%. Market Opportunities Rising Usage of bentonite in geosynthetic clay liner (GCL) for Landfill Application is projected to propel the market growth over the forecast period. Bentonite is fixed to the surface in a number of ways to produce the GCL system, it is either sandwiched between the two geotextiles or fixed to geomembrane by using as adhesives. The hydraulic performance of the geomembrane is depended upon the amount of bentonite is used i.e. more the bentonite is used, lower is the hydraulic conductivity leads to improved performance. Therefore, growing usage of bentonite is in GCL for landfill is projected to boost the market growth. Market Restraints The availability of substitutes for bentonite that are cost-effective and meet the required properties for various applications is expected to hamper the market growth of bentonite. For example, bentonite is used as a fining agent during clarification of grape juice and wine process and proteolytic enzymes have emerged as the best alternative for clarification of wine as it is more cost-effective than bentonite. Therefore, the availability of effective and cost-efficient alternatives for bentonite is projected to hinder the market growth over the forecast period. Key Takeaways: Global bentonite market was valued at US$ 1,670.47 million in 2018 and is forecast to reach a value of US$ 2,810.16 million by 2027 at a CAGR of 5.82% between 2019 and 2027 owing to growing construction industry. Bentonite slurries are used in the construction of special foundations for digging diaphragm walls and bored piles. Among product type, sodium segment dominated in the global bentonite market in 2018, accounting for 45.5% share in terms of volume, followed by calcium, respectively. Among end-use industry, oilfield segment dominated the global bentonite market in 2018, accounting for 27.33% share in terms of volume, followed by foundry, construction respectively owing to growth of drilling fluid- and clarification agent application of bentonite in rising oil industry, especially in Asia Pacific and Middle East. Market Trends Increasing the construction industry around the globe is raising the use of raw materials such as bentonite in building and construction application is projected to propel the market growth over the forecast timeframe. The rising launch of new products in bentonite for meeting the rising demand from the construction industry by the major player is also projected to fuel the market growth. For instance, in July 2017, W. R. MEADOWS introduce the newest member of their Waterproofing Membrane line, CLAY-TITE. The addition of the CLAY-TITE bentonite waterproofing membrane offers a waterproofing option that is based on bentonite clay. Growing Investment by major for expanding of oil extraction capacity is further projected to foster the market growth over the forecast period. For instance, in September 2019, the Oil and Natural Gas Corporation has announced that it will make investments more than Rs 13,000 crore in exploring oil and gas by drilling over 220 wells across Assam in the coming next five years. The company also said that it has signed a MoU with the Assam government for increasing its exploration and production activities in the Assam state. Therefore, this factor is expected to propel the market growth of bentonite. Kemira OYJ, Mineral Technologies Inc., Clariant AG, Kunimine Industries Co., Ltd., Charles B Chrystal Co. Inc., Alfa Aesar, Kutch Minerals, Ashapura Group of Companies, Halliburton Co., Wyo-Ben, Inc., Polymer Drilling Systems (PDS) Co, Inc., and Black Hills Bentonite, LLC Few Recent Developments Clariant AG

In January 2015, Clariant AG acquired the remaining shares of Companhia Brasileira de Bentonita (CBB) from Geosol. This agreement permitted Clariant AG to secure complete ownership of the Bentonite mine in Vitória da Conquista in the state of Bahia, Brazil. The acquisition was proposed to strengthen the company’s footprint in the country and secure clay reserves for its operations in Brazil.

Kunimine Industries Co., Ltd.

In Jan 2015, Kunimine Industries Co., Ltd. announced the establishment of its new subsidiary named Kunimine (Thailand) Co., Ltd based in Thailand. Kunimine (Thailand) is engaged primarily in the sale of bentonite and related products.

Market Taxonomy: By Region