Bentonite Market: Growth, Trends, Demand & Key Players to 2025| Exclusive Market Forecast Report By Technavio
The bentonite market report offers a comprehensive analysis by Product (sodium bentonite, calcium bentonite, and others), Application (foundry sands, iron ore pelletizing, pet litter, drilling mud, and others), and Geography (APAC, North America, Europe, South America, MEA)
NEW YORK, July 7, 2022 /PRNewswire/ -- The bentonite market size is expected to increase by USD 401.92 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.86% as per the latest market forecast report by Technavio. The organically modified bentonites and their increased use in geosynthetic clay liner systems is a major trend supporting the global bentonite market share growth. Organically modified bentonite clay is used to improve the performance of clay for organic pollutants. Geosynthetic clay liners and geomembranes are widely used to control the migration of leachates from waste disposal facilities. Geomembranes possess many limitations and require well-constructed clay backup. Geosynthetic clay liners perform better and are easy to construct and reduce the volume of the lining system for disposal facilities.
Technavio market forecast report offers a bentonite market report that is segmented as - Product (sodium bentonite, calcium bentonite, and others), Application (foundry sands, iron ore pelletizing, pet litter, drilling mud, and others), and Geography (APAC, North America, Europe, South America, and MEA).
Revenue Generating Segment: The bentonite market share growth in the sodium bentonite segment will be significant for revenue generation. Sodium bentonite has high swelling properties which makes it ideal for use as a sealant in industries. Sodium bentonite is also used as binders, liner material, and as a suspension agent in concrete, wall boards, cement tiles, and water-proofing building materials. The growing use of sodium bentonite as an effective sealant is driving the growth of the segment.
Regional Analysis: 38% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for bentonite market in APAC. Market growth in this region will be faster than the growth of the market in all other regions. The rising demand for foundry sand will facilitate the bentonite market growth in APAC over the forecast period.
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Bentonite Market: Major Growth Drivers
The following factors are expected to drive the growth of the market during the forecast period:
Horizontal drilling: An innovation in oil and gas extraction
Growing focus on pet humanization and animal hygiene practices
Growth in steel production globally
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Bentonite Market: Vendor Analysis
The bentonite market is fragmented and the vendors are deploying growth strategies such as advanced product offerings and strengthening their positions in local markets to gain a competitive advantage to compete in the market. The bentonite market report also offers information on several market vendors, including CIMBAR Performance Minerals, Clariant International Ltd., EP Minerals LLC, Halliburton Co., Imerys, KUNIMINE INDUSTRIES Co. Ltd., LKAB Minerals AB, Minerals Technologies Inc., Mitsubishi Corp., and Wyo-Ben Inc. among others.
CIMBAR Performance Minerals- The company offers bentonite products such as Sodium Bentonite and Calcium bentonite.
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist bentonite market growth during the next five years
Estimation of the bentonite market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the bentonite market across APAC, North America, Europe, South America, MEA, APAC, North America, Europe, South America, and MEA
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of bentonite market vendors
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Bentonite Market Scope
Report Coverage
Details
Page number
120
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Accelerate at a CAGR of 4.86%
Market growth 2021-2025
USD 401.92 million
Market structure
Fragmented
YoY growth (%)
4.20
Performing market contribution
APAC at 38%
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
CIMBAR Performance Minerals, Clariant International Ltd., EP Minerals LLC, Halliburton Co., Imerys, KUNIMINE INDUSTRIES Co. Ltd., LKAB Minerals AB, Minerals Technologies Inc., Mitsubishi Corp., and Wyo-Ben Inc.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Content
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market characteristics
2.2 Value chain analysis
Exhibit 03: Value chain analysis: Diversified metals and mining
3 Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Product
5.1 Market segments
Exhibit 15: Product - Market share 2020-2025 (%)
5.2 Comparison by Product
Exhibit 16: Comparison by Product
5.3 Sodium bentonite - Market size and forecast 2020-2025
Exhibit 87: Minerals Technologies Inc. - Business segments
Exhibit 88: Minerals Technologies Inc. - Key offerings
Exhibit 89: Minerals Technologies Inc. - Segment focus
11.11 Mitsubishi Corp.
Exhibit 90: Mitsubishi Corp. - Overview
Exhibit 91: Mitsubishi Corp. - Business segments
Exhibit 92: Mitsubishi Corp. - Key news
Exhibit 93: Mitsubishi Corp. - Key offerings
Exhibit 94: Mitsubishi Corp. - Segment focus
11.12 Wyo-Ben Inc.
Exhibit 95: Wyo-Ben Inc. - Overview
Exhibit 96: Wyo-Ben Inc. - Product and service
Exhibit 97: Wyo-Ben Inc. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Currency conversion rates for US$
Exhibit 98: Currency conversion rates for US$
12.3 Research methodology
Exhibit 99: Research Methodology
Exhibit 100: Validation techniques employed for market sizing
Exhibit 101: Information sources
12.4 List of abbreviations
Exhibit 102: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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