Bentonite Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
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A06899
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Sep 2020 |
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COVID-19
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Request Now !Bentonite Market Analysis 2020-2027:
Bentonite is a form of clay obtained from ancient volcanic activity that majorly consists of montmorillonite. This product is chemically inert, noncorrosive, natural, and odorless. This product exhibits the property to increase and swell the volume when exposed to water, which facilitates to mitigate the excessive stress in trenchless construction, thereby increasing the demand for bentonite demand. It is utilized in civil engineering industries, iron ore pelletizing, drilling, oil refineries, cat litter, and foundry. It is classified into various types, depending upon the respective dominating elements such as calcium, aluminum, potassium, and sodium. Bentonite finds applications in stabilization of casings, slurry walls, tunneling, and building waterproof screens and foundations. It exhibits unique plasticizing features, which make it ideal for the production of grouts and injections for patching cracks and filling voids.
Market scope and structure analysis
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Report Metric |
Details |
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Market size available for years |
2019–2027 |
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Base year considered |
2019 |
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Forecast period |
2020–2027 |
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Forecast unit |
Value (USD) |
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Segments covered |
Product, Application, End User, and Region |
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Regions covered |
North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia and the Rest of LAMEA) |
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Companies covered |
Pacific Bentonite Ltd., Minerals Technologies Inc., Delmon Group of Companies, Black Hills Bentonite, CETCO, Halliburton, Wyo-Ben, Inc., Ashapura Minechem Limited, MIDPOINT Chemicals Company, and CIMBAR Performance Minerals |
Key drivers of global bentonite market
Public infrastructure development, increase in disposable income, population rise, and rapid urbanization in developing countries boost the consumption rate of bentonite across the globe. In addition, increase in demand for energy due to rise in population accelerates the oil & gas operational activities. This (oil & gas) sector is a prominent end user of bentonite where, it is used as an additive for drilling mud, thereby accelerating the growth of the market. Therefore, oil & gas drilling application segment is projected to hold prominent market share throughout the projected timeframe.
Market scenario: opportunities and challenges
Increase in casting of metal and foundry applications along with the development of the automobile industry is predicted to influence the growth of the global bentonite market. For the purpose of conditioning and ion exchange for soil, its consumption increased significantly by the agricultural sector. Rise in awareness regarding the wastewater treatment augments the product’s usage, owing to its high adsorption capabilities and easy availability, which further acts as an opportunity for market expansion. Furthermore, upsurge in utilization of bentonite in the paper & pulp and cosmetics & personal care industries is projected to create several growth opportunities in the global bentonite market. However, the use of bentonite in drilling fluids for oil & gas extraction may contaminate the groundwater sources, which is projected to impede the growth of the market during the forecast period. Moreover, bentonite clay when consumed exhibits a significant risk of lead consumption, which may cause kidney and brain damage, thereby hampering the market growth.
COVID-19 scenario analysis
Owing to the outbreak of the COVID-19 pandemic, the global bentonite market is expected to witness a slowdown during the next couple of years. Governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus leading to predictions of a sharp slowdown in the output from commercial to industrial sectors. Declining growth of the oil & gas industries is one of the key factors that is likely to negatively impact the growth of bentonite market. Moreover, companies are dealing with missing sales and disrupted supply chains as production activities are shutdown.
Key segments covered
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Key benefits of the report
- This study presents the analytical depiction of the global bentonite industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global bentonite market share.
- The current market is quantitatively analyzed from 2019 to 2027 to highlight the global bentonite market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global bentonite market research report
- Which are the leading market players active in the global bentonite market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
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- Authentic new articles, web-casts and other related releases for market evaluation
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