Global Bentonite Market: Overview
Bentonite is rising in popularity among industries as internal and external cleansers. With the demand from industries such as cosmetic, pharmaceutical, surfactants, and food rising at a rapid pace, growth witnessed by the global bentonite market is expected to remain steady through the course of the forecast period.
Bentonite is used across industries due to its ability of soaking and removing toxins, impurities, chemicals, and heavy metals. Due to these features it is used in various food items such as yogurt and candies. Bentonite is also used for producing medicines due to its impressive water holding capabilities. It can be mixed with clay and sand as well to derive ceramics used in the construction of buildings. A small amount of bentonite can be used for bleaching as well. Earlier, bentonite was used for water-well and oil-well drilling. However, in the recent years it has found application for closing borehole walls, greasing cutting heads, and for removing drill cuttings.
The report provides a comprehensive overview of the market, covering product definitions, segmentation based on diverse parameters, and the vendor landscape. Besides these, the report also include manufacturing cost analysis and supply chain analysis to provide an executive-level blueprint of the global bentonite market. Using Porter’s five forces it gauges the bargaining powers of suppliers and buyers alike. The analysis also provides information on the threat of new entrants and substitutes and the degree of competition prevailing in the global bentonite market.
Global Bentonite Market: Drivers and Restraints
The global bentonite market is projected to continue exhibiting a steady CAGR over the course of the forecast period. The increasing use of bentonite as absorbents for oil and grease and pet litters, groundwater barriers, binders in iron and steel manufacturing, and liquor clarifiers across diverse industries is expected to augur well for the global bentonite market. In addition, the market is also projected to gain from the rising demand from end-use application segments such rubber tiers in the automotive industry and cleansers in the pharmaceutical sector.
On the downside, stringent regulations such enacted to curtail the use of chemical additives most commonly used with bentonite in drilling mud are expected to be major restraints for the market. Also, the inability of bentonite to inhibit hydration formation and swelling could suppress its market’s growth to an extent. Treated bentonite is unable to exhibit plasticity properly due to the low presence of montmorillonite composition in bentonite. This could also prove a potential disadvantage for the global bentonite market.
Nevertheless, the growing popularity of the product across end-use industries such as food, automotive, and cosmetics due to its superior binding ability, is expected to create lucrative opportunities for the market in the near future.
Global Bentonite Market: Regional Outlook
Regionally, the global bentonite market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Among these regions, Asia Pacific is projected to offer lucrative opportunities to the market, trailed by North America and Europe. Asia Pacific is home to some of the leading bentonite producing countries such as India, China, Turkey, and Greece. This aids the expansion of the bentonite market in the region. Furthermore, the market is also expected to gain from the rapid industrialization witnessed across in the emerging economies of Asia Pacific.
Global Bentonite Market: Vendor Landscape
To study the prevailing vendor landscape, the report includes profiles of companies such as AMCOL International, Kemira US, Volclay International, Alfa Aesar, Cimbar, Charles B. Chrystal Co., Inc., Midpoint Chemicals Company, Wyo-Ben Inc., and Amsyn Inc. Using SWOT analysis, the strengths and weaknesses of the companies profiled are determined. The analysis also presents insights into the opportunities and threats that the profiled companies are likely to witness over the course of the forecast period.
The report segments the global bentonite market as:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments