Bentonite Market Scenario till 2032

  • The global bentonite market achieved a size of USD 8 billion in 2022 and is projected to reach USD 21.31 billion by 2032, with a robust revenue compound annual growth rate (CAGR) of 11.5% during the forecast period. Bentonite, primarily composed of the clay mineral montmorillonite, finds widespread applications in various sectors including drilling, construction, cosmetics, and pharmaceuticals. The market's remarkable revenue growth is driven by the rapid expansion of the construction industry and the increasing demand for bentonite across multiple applications.

    The construction sector stands as one of the primary end-users of bentonite, and its revenue growth is a significant driver for the demand for bentonite. In recent years, there has been a substantial uptick in the use of bentonite in construction, especially as a binding agent in concrete. The demand for bentonite in infrastructure development, such as roads, bridges, and tunnels, is expected to witness a considerable surge.

    Furthermore, the foundry industry's growing requirement for bentonite is expected to propel market revenue growth. Bentonite's exceptional binding and adhesive properties make it a preferred choice in foundries for molding sand used in metal casting. The revenue growth in the foundry sector is anticipated to result in high demand for bentonite.

    Additionally, the drilling industry's increasing demand for bentonite is contributing to the market's revenue growth. In drilling operations, bentonite is utilized for cooling and lubricating drill bits and for efficiently transporting drilling cuttings to the surface. The growing global demand for oil and gas is expected to drive the need for bentonite in the drilling sector.

    Get Free Sample PDF (To Understand the Complete Structure of this Report [Summary + TOC]) @

    https://www.reportsanddata.com/download-free-sample/1249

    Strategic Development:

    In 2021, Clariant AG initiated a partnership with Omya International AG with the objective of jointly developing and commercializing novel sustainable mineral solutions. This collaboration's primary goal is to create eco-friendly additives derived from natural minerals like bentonite, calcium carbonate, and kaolin.

    During the year 2020, Ashapura Group unveiled plans for expanding its bentonite production capacity within India. This expansion project is geared towards meeting the growing demand for bentonite across various industries, including foundries, oil and gas, and iron ore pelletization.

    In 2020, Wyo-Ben Inc. introduced a fresh product line of bentonite-based drilling fluids known as Wyoming Supra Gel. This innovative product range is designed to enhance drilling efficiency while concurrently reducing operational costs.

    In the same year, 2020, MidPoint Chemicals Company completed the acquisition of Gruppo Pieralisi's bentonite business. This strategic acquisition was intended to broaden MidPoint's product portfolio within the European bentonite market.

    Also in 2020, American Colloid Company announced its plans to expand its bentonite production capacity in Mississippi. This expansion initiative is driven by the increasing demand for bentonite in various sectors, including pet litter, foundries, and drilling fluids.

    Bentonite Market Report Scope

    PARAMETERS

    DETAILS

    The market size value in 2022

    USD 8 Billion

    CAGR (2022 - 2032)

    11.5%

    The Revenue forecast in 2032

    USD 21.31 Billion

    Base year for estimation

    2022

    Historical data

    2020-2021

    Forecast period

    2022-2032

    Quantitative units

    • Revenue in USD Billion
    • CAGR from 2022 to 2032

    Report coverage

    Revenue forecast, company ranking, competitive landscape, growth factors, and trends

    Segments covered

    By, Product Type Outlook, Application Outlook, Regional Outlook

    By Product Type Outlook

     

    • Sodium Bentonite
    • Calcium Bentonite
    • Sulphur Bentonite
    • Others

    By Application Outlook

     

    • Foundry Sands
    • Iron Ore Pelletizing
    • Pet Litter
    • Drilling Mud
    • Civil Engineering
    • Others

    Regional scope

    North America; Europe; Asia Pacific; Latin America ; Middle East & Africa

     

    Browse Press Release:

    https://www.reportsanddata.com/press-release/global-bentonite-market

    Bentonite Market: Key Players

    The global Bentonite market exhibits a notable level of consolidation, where a limited number of prominent players collectively hold a substantial market share. Among the key companies featured in the global Bentonite market report are:

    • Clariant AG
    • Ashapura Group
    • Wyo-Ben Inc.
    • MidPoint Chemicals Company
    • Black Hills Bentonite LLC
    • Minerals Technologies Inc.
    • Kunimine Industries Co., Ltd.
    • American Colloid Company
    • CETCO Energy Services
    • Imerys S.A.

    Browse related reports:

    Dairy Products Packaging Market

    https://www.reportsanddata.com/report-detail/dairy-products-packaging-market

    Composite Cardboard Tubes Market

    https://www.reportsanddata.com/report-detail/composite-cardboard-tubes-market

    Folding Carton Packaging Market

    https://www.reportsanddata.com/report-detail/folding-carton-packaging-market

    Green Packaging Market

    https://www.reportsanddata.com/report-detail/green-packaging-market

    Healthcare and Laboratory Labels Market

    https://www.reportsanddata.com/report-detail/healthcare-and-laboratory-labels-market

    About Us:


    Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

    Contact Us:

    John W

    (Head of Business Development)

    Reports and Data | Web: www.reportsanddata.com

    Direct Line: +1-212-710-1370

    E-mail: sales@reportsanddata.com

    Blogs | Press Release | Industry News | Our competencies

    Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports

    Browse More Latest Reports @ https://www.reportsanddata.com/report