Bentonite is basically an absorbent swelling clay that mostly includes montmorillonite. Bentonite is usually made from weathering of the volcanic ash in seawater, which converts the volcanic glass present in the ash to clay minerals. Bentonite has a high-water absorption capacity that results in it expanding and swelling.
MARKET SCOPE
The "Global Bentonite Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the bentonite market with detailed market segmentation by product, application, end-use industry, and geography. The report provides key statistics on the market status of the leading bentonite market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product, the global bentonite market is segmented into sodium bentonite, calcium bentonite, sulphur bentonite, and others.
- Based on application, the market is bifurcated into foundry sands, cat litter, iron ore pelletizing, refining, and others.
- Based on the end-use industry, the market is bifurcated into pharmaceuticals, construction, cosmetics, food and beverages, and others.
MARKET DYNAMICS
Drivers:
- The increase in the usage of bentonite across various industries such as pharmaceuticals, cosmetics, food and beverage industries are driving the growth of the bentonite market.
- The rise in demand for high-grade iron ore has led to an increase in adoption of the ore pelletizing process which will provide growth opportunities for the bentonite market.
- The high performance of bentonite as well as the rising awareness of stabilization provided by bentonite slurries in the construction industry is driving the demand for bentonite.
Restraints:
- However, stringent regulations from the various government on the usage of bentonite is restricting the growth of the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The bentonite market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the bentonite market in these regions.
IMPACT OF COVID-19 ON BENTONITE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries such as the chemicals and materials industry in various countries due to lockdowns, travel bans, and business shutdowns. COVI-19 pandemic caused a lot of disruptions in the supply chain as well as transformed the consumer behavior which has had a negative impact on the bentonite market. The shutdown of manufacturing facilities as well as various end-use industries has had a negative impact on the demand and supply on bentonite.
MARKET PLAYERS
The report covers key developments in the bentonite market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from bentonite market are anticipated to witness lucrative growth opportunities in the future with the rising demand for bentonite in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the bentonite market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Alfa Aesar
- Ashapura Group
- Bentonite Performance Minerals LLC
- Black Hills Bentonite LLC
- CB MINERALS
- Clariant
- KUNIMINE INDUSTRIES CO., LTD
- Minerals Technologies Inc.
- Schlumberger Limited
- WYO-BEN, INC