The Bentonite Market is forecasted to grow from USD 1.48 billion in 2018 to USD 2.16 Billion by 2028, at a CAGR of 6.1%, during the forecast period. The market is primarily driven by the increasing demand for bentonite from the oil and gas industry as an additive for drilling mud. An increase in oil and gas drilling activities in combination with increasing application in geosynthetic clay liners and the medical industry are expected to drive the market during the forecast period. Increasing infrastructural growth in China, India, Japan, and Malaysia is predicted to boost the construction industry as a result of increased public spending and thus accelerate the size of the market.
Market Dynamics
The global chemicals and materials have a wide range of application areas such as crop protection, animal nutrition, dietary supplements, preservatives, flame retardants, surface ingredients, active pharmaceutical ingredients, and matting agents among others. Population explosion along with rapid economic growth is expected to propel market growth. Moreover, the growing urbanization, rapid industrialization, and high investment in infrastructure development create market demand over the forecast period.
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Competitive Landscape:
The global Bentonite market research report provides a competitive strategy analysis portfolio to provide a better understanding of the competitive landscape. The report further discusses in depth the business strategies undertaken by key manufacturers on mergers and acquisitions, joint ventures, and collaborations. It sheds light on the companies holding the largest market share in terms of revenue in the global Bentonite market.
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Top Key Players:
AMCOL International (US), Wyo-Ben Inc (US), MidPoint Chemicals Company (US), M-I SWACO (US), Volclay International (US), Kemira (Finland), Alfa Aesar (US), Charles B. Chrystal Co. Inc. (US), Cimbar (US), and Amsyn Inc (US).
Key Points Illustrated in the Regional Analysis:
Regional contribution to the overall market revenue
Forecast revenue share of each regional market
Vital information and data related to the production and consumption rates in all the regions
Factors driving the regional market growth over the forecast period
Leading products and application segments in each regional market
Presence of key market competitors in each of these regions
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Type (Kilo Tons) (Revenue, USD Million; 2018-2028)
Sodium Bentonite
Carbon Bentonite
Others
Applications (Kilo Tons) (Revenue, USD Million; 2018-2028)
Foundry Sands
Iron Ore Pelletizing
Pet Litter
Drilling Mud
Civil Engineering
Refining
Others
End-Use (Kilo Tons) (Revenue, USD Million; 2018-2028)
Iron Steel
Oil Gas
Automotive
Construction
Agriculture
Pharmaceuticals
Others
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