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Bentonite Market To Witness A Healthy Y-O-Y Growth During 2019 To 2024

Author : Ronak Bora | Published Date : 2019-08-08 

Bentonite market share is competitive and moderately fragmented among various manufacturers such as Minerals Technologies, CETCO, Delmon Group, Halliburton, Ashapura Minechem, MIDPOINT Chemicals, CB Minerals and CIMBAR Performance Minerals. Prominent manufacturers are indulging in strategic acquisitions to achieve market expansion and in the construction of new production facilities to meet rising product demand.

Predominantly driven by widespread applications in iron ore pelletizing, drilling muds, refining, and foundry sands, the global bentonite market is anticipated to garner considerable remuneration over 2018-2024. Subject to rising foreign direct investment from developed nations such as the U.S. and Japan, the steel market in India and China has promoted the iron pelletizing business. In this regard, it would be prudent to mention that bentonite is the major raw material that is utilized as a binding agent to speed-up mineralization rates in the steel manufacturing companies, essentially accelerating the bentonite industry share growth.

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Sodium bentonite market from civil engineering applications was valued at over USD 65 million in 2017. This product possesses excellent bonding strength, plasticity, lubricity, low permeability and compressibility. It has diverse application potential in foundation & excavation works which include protective barriers, digging bored piles, diaphragm walls, and the construction of cutoff walls, grouting mortars. The product ensures foundational stability by preventing wall collapse, offers sealant properties, prevents debris deposition at the base of excavations, and allows easy displacement by concrete which is poised to stimulate the growth of bentonite market.

Enumerated below are a few examples of developed and emerging economies where the increasing number of oil and gas exploration and mining operations have been instrumental in boosting the growth potential of calcium bentonite market:

  • The overall oil and natural gas production capacity of the U.S. has been reaching record levels in the recent time. In 2017, the North American country reportedly became a net natural gas exporter for the first time in 6 decades. According to the statistics published in the Annual Energy Outlook 2018, a report compiled by the U.S. Energy Information Administration, the total natural gas production capacity of the nation was registered to be 73.6 billion cubic feet per day (Bcf/d) in 2017 and is slated to reach 118 Bcf/d in 2050. The rising natural gas production has invariably benefited the overall U.S. calcium bentonite industry share which is slated to grow at a 5% CAGR over 2018-2024.
  • In an attempt to drastically enhance its domestic crude oil production and cut its mounting crude oil import bill, India has been increasing its natural gas production on the onshore blocks in the recent years. As per reliable estimates, India’s natural gas output grew 2.5% to 32,649 Million Standard Cubic Meter in the fiscal year 2017-2018, the highest in six years. These statistics are a testimony to the growing number of oil and gas drilling activities in the nation – a factor that has contributed toward bentonite market share expansion in the past few years.

Increasing pet ownership in Germany, UK and France on account of reducing community involvement and the breakdown of conventional social support systems has led to growing demand for pet litter products thereby stimulating bentonite market growth. Moreover, the product eliminates undesirable odors by allowing regular removal of urine & feces along with providing cost-efficiency as compared to its conventional clay litter counterparts owing to its longer shelf life which may further boost bentonite market growth.

Glimpse of Table of Content (ToC)

Chapter 3 Bentonite Market Insights

3.1 Bentonite Market segmentation

3.2 Bentonite Market landscape, 2013-2024

3.3 Bentonite Market ecosystem analysis

3.3.1 Vendor matrix

3.3.2 Distribution channel analysis

3.3.2.1 Collaboration/partnerships

3.3.2.2 Distributors

3.4 Raw material analysis

3.5 Regulatory landscape

3.5.1 North America

3.5.2 Europe

3.6 Technology landscape

3.7 Pricing analysis

3.7.1 Sodium bentonite

3.7.2 Calcium bentonite

3.7.3 Sulphur bentonite

3.7.4 Other bentonite

3.8 Industry impact forces

3.8.1 Growth drivers

3.8.1.1 North America: Growing demand from the drilling industry

3.8.1.2 Europe: increasing pet litter applications demand

3.8.1.3 Asia Pacific

3.8.1.3.1 Rising iron ore pellets demand in the steel industry

3.8.1.3.2 High demand for bentonite from construction sector

3.8.2 Industry pitfalls & challenges

3.8.2.1 Increasing awareness of adverse environmental impacts

3.9 Growth potential analysis, 2017

3.9.1 Emerging business model

3.9.1.1 Joint Venture

3.9.1.2 Acquisition

3.10 Porter’s analysis

3.11 Competitive landscape, 2017

3.11.1 Strategy dashboard

3.12 PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/bentonite-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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