Bentonite Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

Bentonite Market Analysis

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.

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 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 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?

 Bentonite Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights