Press release
Bentonite Market Size to Boost USD 3.88 Billion By 2032 | CAGR 6.5% - Published by Emergen Research
Bentonite Market
The bentonite market encompasses a versatile and widely-used industrial mineral that finds application in various sectors including construction, oil and gas, pharmaceuticals, agriculture, and cosmetics. Bentonite, a type of clay composed primarily of montmorillonite, exhibits unique properties such as swelling, viscosity, and absorption capacity, making it valuable in a range of applications.
The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Drivers of the Bentonite Market :
Several factors are driving the growth of the bentonite market. Firstly, the increasing demand for bentonite in the construction industry, particularly in geosynthetic clay liners (GCLs) for landfill liners and waterproofing, is propelling market growth. Additionally, the rising use of bentonite in the oil and gas industry for drilling muds, well abandonment, and hydraulic fracturing operations is contributing to market expansion. Moreover, the growing awareness about the benefits of bentonite in soil stabilization, animal feed additives, and pharmaceutical formulations is fueling demand.
Restraints and Challenges
Despite its widespread applications, the bentonite market faces certain restraints and challenges. One major challenge is the availability of substitutes such as synthetic polymers in some applications, which can impact market growth. Additionally, environmental concerns related to the mining and processing of bentonite, including land degradation and water pollution, pose challenges to sustainable production practices. Furthermore, fluctuations in raw material prices and economic uncertainties can affect market dynamics.
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The report also discusses the key players involved in the market such as:
Black Hills Bentonite LLC, Halliburton, Kemira, Charles B Chrystal Co., Mineral Technologies, Clariant, Alfa Aesar, Kutch Minerals, Kunimine Industries Co., Ltd. and Ashapura Group
The report provides a thorough estimation of the overall impact of the pandemic on the Bentonite Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Bentonite Market
Bentonite Latest Industry News
On 15 June 2021, Clariant announced its partnership with Omya International to create and commercialize new sustainable mineral solutions for the paints and coatings, adhesives and sealants, plastics, rubber, and construction markets. The alliance will concentrate on creating fresh, environmentally friendly additives based on natural minerals including kaolin, bentonite, and calcium carbonate. These minerals are useful in a variety of applications including improved rheology, opacity, gloss, mechanical strength, and durability.
In 2020, Wyo-Ben Inc. launched an innovative product line of bentonite-based drilling fluids known as Wyoming Supra Gel. It is a high-performance and high-yield bentonite that can be used in drilling fluids including those in fresh water, salt water, and brine. It improves the stability of borehole, drill bit penetration rate, and the removal of cuttings from the wellbore.
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Bentonite Market Segment Analysis :
For the purpose of this report, Emergen Research has segmented the global bentonite market on the basis of product type, application, mining type, end-use industry, and region:
Product Type Outlook (Revenue in USD Billion & Volume in Thousand Units; 2019-2032)
Sodium Bentonite
Calcium Bentonite
Sulphur Bentonite
Others
Application Outlook (Revenue in USD Billion & Volume in Thousand Units; 2019-2032)
Foundry Sands
Cat Litter
Iron Ore Pelletizing
Refining
Drilling Muds
Civil Engineering
Mining Type Outlook (Revenue in USD Billion & Volume in Thousand Units; 2019-2032)
Underground Mining
Surface Mining
End-Use Industry Outlook (Revenue in USD Billion & Volume in Thousand Units; 2019-2032)
Construction
Oil
Food
Pharmaceuticals
Regional Outlook (Revenue in USD Billion & Volume in Thousand Units; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
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