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Published Date: 2017-04-20Number of Pages: 123

Bentonite Market (Product - Sodium Bentonite and Calcium Bentonite; Application - Drilling Mud, Iron Ore Pelletizing, Foundry Sands, Pet Products, Construction, Paper, Cosmetics, and Pharmaceuticals) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Global Bentonite Market: Snapshot

The significant growth in the foundry and metal casting industries has had the most significant influence on the global market for bentonite. The rise in the automotive and the machinery and heavy equipment manufacturing industries has been boosting the demand for foundry and metal casting applications across the world. As bentonite is extensively utilized in these applications, a subsequent increase in its demand has been observed since the past few years, reflecting greatly on the progress of this market.

The global market for bentonite offered an opportunity worth US$1.42 bn in 2015. Researchers anticipate it to rise at a CAGR of 3.0% from 2016 to 2024 and reach a value of US$1.85 bn by the end of 2024.

bentonite market

Demand for Sodium Bentonite to Remain High

Sodium bentonite and calcium bentonite are the main two product types available in the global bentonite market. The market was led by sodium bentonite in 2015 with a share of more than 60%. The scenario is anticipated to remain so over the forthcoming years, thanks to the increasing preference for green sand casting process in the foundry.

Drilling mud, iron ore pelletizing, foundry sands, pet products, construction, paper, cosmetics, and pharmaceuticals are the prime application area of bentonite across the world. The demand for bentonite is higher in foundry sands that other application segments. In 2015, it held a share of 20% of the overall demand for bentonite, globally.

Analysts project the segment to continue its dominance over the next few years due to the continual growth in the automotive and the machinery industries. The pet product segment, which includes cat litter and cattle feed, is another key application segment of the global bentonite market. This segment is estimated to witness a moderate increase over the next few years.

Asia Pacific Bentonite Market to Continue as Global Leader

Geographically, Asia Pacific led the worldwide bentonite market in 2015 with a share of 30%. The regional market is expected to expand notably over the next few years, continuing to dominate the global market. The high demand for bentonite in the construction industry is the key factors behind the significant growth of the Asia Pacific market for bentonite. Over the coming years, the rise in the metal industry is projected to fuel the demand for bentonite in this region, especially in IOP and foundry sand applications, which is likely to boost this regional market considerably. China is anticipated to surface as the most prominent consumer of bentonite in Asia Pacific in the near future.

Among other regional markets, North America is anticipated to witness a healthy rise while Europe is likely to grow at a moderate pace in the years to come. The upsurge in the green sand casting process in foundry segment is expected to drive the Europe market for bentonite, whereas, the market in North America is predicted to be boosted by the rising usage of bentonite in pet products, such as cat litter and cattle feed. Latin America and the Middle East and Africa markets for bentonite are estimated to witness a moderate to high rise in the near future, thanks to the expansion of the automotive and the heavy equipment manufacturing industries and the increasing large oil drilling activities in these regions.

The leading players in the global market for bentonite are Minerals Technologies Inc., IMERYS SA, Clariant International Ltd., Ashapura Group, Bentonite Performance Minerals LLC, American Colloid Co., Canbensan, and Dantonit A/S.

1. Preface
     1.1. Report Scope and Market Segmentation 
     1.2. Research Highlights
     1.3. Research Objectives
     1.4. Key Questions Answered

2. Assumptions and Research Methodology
     2.1. Report Assumptions
     2.2. Abbreviations Used
     2.3. Research Methodology

3. Executive Summary
     3.1. Global Bentonite Market Size, By Market Value (US$ Mn) and Market Volume (Kilo Tons) Share, By Region
     3.2. Key Trends

4. Market Overview
     4.1. Product Overview
     4.2. Key Industry Developments
     4.3. Market Indicators
     4.4. Drivers and Restraints Snapshot Analysis
            4.4.1. Drivers
                     4.4.1.1. Growing Construction Industry
                     4.4.1.2. Constant demand for iron casting from automotive and heavy equipment manufacturing industries 
                     4.4.1.3. Growth of the cosmetics & personal care industry 
            4.4.2. Restraints
                     4.4.2.1. Reduced demand for IOP grade bentonite in China
                     4.4.2.2. Sluggish growth of the oil & gas industry
            4.4.3. Opportunities
     4.5. Value Chain Analysis
     4.6. Porter’s Analysis 
     4.7. Market Tendency 

5. Global Bentonite Market Analysis and Forecasts, By Product
     5.1. Key Findings     
     5.2. Introduction
     5.3. Market Size (Kilo Tons) (Us$ Mn) Forecast By Product
     5.4. Bentonite Market Forecast By Product
     5.5. Bentonite Market Attractiveness Analysis by Product
     5.6. Application Comparison Matrix

6. Global Bentonite Market Analysis and Forecasts, By Application
     6.1. Key Findings
     6.2. Introduction
     6.3. Market Size (Kilo Tons) Forecast by Application
     6.4. Market Size (Us$ Mn) Forecast By Application
     6.5. Bentonite Market Attractiveness Analysis by Application

7. Bentonite Market Analysis by Region
     7.1. Global Regulatory Scenario
     7.2. Market Size (Kilo Tons) (Us$ Mn) Forecast By Region
     7.3. Bentonite Market Attractiveness Analysis, By Region Type

8. North America Bentonite Market Analysis
     8.1. Key Findings
     8.2. North America Bentonite Market Overview
     8.3. North America Market Value Share Analysis, By Product
     8.4. North America Market Forecast by Product
     8.5. North America Market Value Share Analysis, By Application
     8.6. North America Market Forecast by Application Type
     8.7. North America Market Value Share Analysis, By Country
     8.8. North America Market Forecast by Country
     8.9. North America Market Attractiveness Analysis

9. Europe Bentonite Market Analysis
     9.1. Key Findings
     9.2. Europe Bentonite Market Overview
     9.3. Europe Market Value Share Analysis, By Product
     9.4. Europe Market Forecast by Product
     9.5. Europe Market Value Share Analysis, By Application
     9.6. Europe Market Forecast by Application Type
     9.7. Europe Market Value Share Analysis, By Country
     9.8. Europe Market Forecast by Country
     9.9. Europe Market Attractiveness Analysis

10. Asia Pacific Bentonite Market Analysis
     10.1. Key Findings
     10.22. Asia Pacific Bentonite Market Overview
     10.3. Asia Pacific Market Value Share Analysis, By Product
     10.4. Asia Pacific Market Forecast by Product
     10.5. Asia Pacific Market Value Share Analysis, By Application
     10.6. Asia Pacific Market Forecast by Application Type
     10.7. Asia Pacific Market Value Share Analysis, By Country
     10.8. Asia Pacific Market Forecast by Country
     10.9. Asia Pacific Market Attractiveness Analysis

11. Middle East and Africa (Mea) Bentonite Market Analysis
     11.1. Key Findings
     11.2. Middle East and Africa Bentonite Market Overview
     11.3. Middle East and Africa Market Value Share Analysis, By Product
     11.4. Middle East and Africa Market Forecast by Product
     11.5. Middle East and Africa Market Value Share Analysis, By Application
     11.6. Middle East and Africa Market Forecast by Application Type
     11.7. Middle East and Africa Market Value Share Analysis, By Country
     11.8. Middle East and Africa Market Forecast by Country
     11.9. Middle East and Africa Market Attractiveness Analysis

12. Latin America Bentonite Market Analysis
     12.1. Key Findings
     12.2. Latin America Bentonite Market Overview
     12.3. Latin America Market Value Share Analysis, By Product
     12.4. Latin America Market Forecast by Product
     12.5. Latin America Market Value Share Analysis, By Application
     12.6. Latin America Market Forecast by Application Type
     12.7. Latin America Market Value Share Analysis, By Country
     12.8. Latin America Market Forecast by Country
     12.9. Latin America Market Attractiveness Analysis

13. Competition Landscape
     13.1. Bentonite Market Share Analysis, By Company (2015
     13.2. Competition Matrix
     13.3. Key Players
            13.3.1. Minerals Technologies Inc. 
                     13.3.1.1. Company Overview
                     13.3.1.2. Financial Overview
                     13.3.1.3. Business Strategy
                     13.3.1.4. Swot Analysis
                     13.3.1.5. Recent Developments
            13.3.2. Clariant International Ltd. 
                     13.3.2.1. Company Overview
                     13.3.2.2. Financial Overview
                     13.3.2.3. Business Strategy
                     13.3.2.4. Swot Analysis
                     13.3.2.5. Recent Developments
            13.3.3. IMERYS SA 
                     13.3.3.1. Company Overview
                     13.3.3.2. Financial Overview
                     13.3.3.3. Business Strategy
                     13.3.3.4. Swot Analysis
                     13.3.3.5. Recent Developments
            13.3.4. Ashapura Group 
                     13.3.4.1. Company Overview
                     13.3.4.2. Financial Overview
                     13.3.4.3. Business Strategy
                     13.3.4.4. Swot Analysis
                     13.3.4.5. Recent Developments
            13.3.5. American Colloid Company 
                     13.3.5.1. Company Overview
                     13.3.5.2. Recent Developments
            13.3.6. Bentonite Performance Minerals LLC 
                     13.3.6.1. Company Overview
                     13.3.6.2. Recent Developments
            13.3.7. Dantonit A/S. 
                     13.3.7.1. Company Overview
                     13.3.7.2. Recent Developments
            13.3.8. Canbensan  
                     13.3.8.1. Company Overview
                     13.3.8.2. Recent Developments

List of Figures

Figure 1: Bentonite Market 
Figure 2: Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 03: Global Bentonite Market Value Share Analysis, by Product Type, 2015 and 2024
Figure 04: Bentonite Market Attractiveness Analysis,
Figure 05: Global Bentonite Market Value Share Analysis, by Application, 2015 and 2024
Figure 06: Global Bentonite Market Attractiveness Analysis, by Application
Figure 07: Global Bentonite Market Value Share Analysis, by Region, 2015 and 2024
Figure 08: Global Bentonite Market Attractiveness Analysis, 
Figure 09: North America Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 10: North America Bentonite Market Size and Volume, Y-o-Y Growth Projection, 2015–2024
Figure 11: North America Bentonite Market Attractiveness Analysis, by Country
Figure 12: North America Bentonite Market Value Share Analysis, by Product Type, 2015 and 2024
Figure 13: North America Bentonite Market Value Share Analysis, by Application Type, 2015 and 2024
Figure 14: North America Market Value Share Analysis, by Country, 2015 and 2024
Figure 15: Europe Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 16: Europe Bentonite Market Size and Volume, Y-o-Y Growth Projections, 2015–2024
Figure 17: Europe Bentonite Market Attractiveness Analysis, by Country
Figure 18: Europe Bentonite Market Value Share Analysis, by Product Type, 2015 and 2024
Figure 19: Europe Bentonite Market Value Share Analysis, by Application Type, 2015 and 2024
Figure 20: Europe Market Value Share Analysis, by Country, 2015 and 2024
Figure 21: Asia Pacific Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 22: Asia Pacific Bentonite Market Size and Volume, Y-o-Y Growth Projections, 2015–2024
Figure 23: Asia Pacific Bentonite Market Attractiveness Analysis, by Country
Figure 24: Asia Pacific Bentonite Market Value Share Analysis, by Product Type, 2015 and 2024
Figure 25: Asia Pacific Bentonite Market Value Share Analysis, by Application, 2015 and 2024
Figure 26: Asia Pacific Bentonite Market Value Share Analysis, by Country, 2015 and 2024
Figure 27: MEA Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 28: MEA Bentonite Market Size and Volume Y-o-Y Growth Projection, 2015–2024
Figure 29: Middle East & Africa Bentonite Market Attractiveness Analysis, by Country and Sub-region
Figure 30: Middle East & Africa Bentonite Market Value Share Analysis, by Product Type, 2015 and 2024
Figure 31: Middle East & Africa Silica Market Value Share Analysis, by Application, 2015 and 2024
Figure 32: MEA Market Value Share Analysis, by Country, 2015 and 2024
Figure 33: Latin America Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 34: Latin America Bentonite Market Size and Volume, Y-o-Y Growth Projection, 2015–2024
Figure 35: Latin America Bentonite Market Attractiveness Analysis, by Country & Sub-region
Figure 36: Latin America Bentonite Market Value Share Analysis, by Product Type, 2015 and 2024
Figure 37: Latin America Bentonite Market Value Share Analysis, by Application, 2015 and 2024
Figure 38: Latin America Bentonite Market Value Share Analysis, by Country, 2015 and 2024
Figure 39: Global Bentonite Market Share Analysis By Company (2015)

List of Tables

Table 01: Global Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Product Type, 2015–2024
Table 02: Global Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 03: Global Bentonite Market Size (US$ Mn) and Volume (Units) Forecast, by Region, 2015–2024
Table 04: North America Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Product Type, 2015–2024
Table 05: North America Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application Type, 2015–2024
Table 06: North America Bentonite Market Size (US$ Mn) and Volume (Tons) Forecast, by Country, 2015–2024
Table 07: Europe Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Product Type, 2015–2024
Table 08: Europe Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application Type, 2015–2024
Table 09: Europe Bentonite Market Size (US$ Mn) and Volume (Tons) Forecast, by Country, 2015–2024
Table 10: Asia Pacific Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Product Type, 2015–2024
Table 11: Asia Pacific Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application Type, 2015–2024
Table 12: Asia Pacific Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Country, 2015–2024
Table 13: Middle East & Africa Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Product Type, 2015–2024
Table 14: Middle East & Africa Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application Type, 2015–2024
Table 15: Middle East & Africa Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Country, 2015–2024
Table 16: Latin America Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Product Type, 2015–2024
Table 17: Latin America Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application Type, 2015–2024
Table 18: Latin America Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Country, 2015–2024
Table 19: Middle East & Africa Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Product Type, 2015–2024
Table 20: Middle East & Africa Bentonite Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 21: Middle East & Africa Silica Market Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 22: Middle East & Africa Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, for Rubber Application Segment, 2015–2024
Table 23: Middle East & Africa Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Country, 2015–2024
Table 24: Latin America Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Product Type, 2015–2024
Table 25: Latin America Bentonite Market Size (US$ Mn) Forecast, by Application, 2015–2024
Table 26: Latin Bentonite Market Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 27: Latin Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, for Rubber Application Segment, 2015–2024
Table 28: Latin America Bentonite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Country, 2015–2024

Global Bentonite Market: Overview

Bentonite is a colloidal clay mineral, formed by the alteration of volcanic ash. The two most common type of bentonite available in the market are: sodium bentonite and calcium bentonite. Sodium bentonite is often known as swelling bentonite, due to its high water absorption property. Bentonite are employed in various applications such as binding, sealing, and filling. Owing to its properties, it is used in various applications of foundry, cat litter, pelletizing, drilling, construction, paper, and cosmetics. Calcium bentonite is the non-swelling type of bentonite. It is usually activated with soda ash and converted into sodium bentonite. Bentonite is one of the key raw materials used in construction. It has an ability to swell and gel when dispersed in water, which is used in construction, primarily in excavation and foundation works. Rising construction industry is therefore expected to propel the bentonite market during the forecast period, owing to its use in various construction applications.

Bentonite is also used in many foundry applications such as sand casting applications. It is extensively employed as a green sand additive or binder in metal casting applications. Demand for bentonite is projected to increase significantly in the next few years considering the extensive growth of the green sand casting process. Asia Pacific dominates the bentonite market in terms of production and demand. Countries such as China, India, Japan, and South Korea are expected to be the key consumers of bentonite. North America is the second largest consuming region. Bentonite is also used as a major constituent of drilling fluids in oil & gas industry. The sluggish growth of the oil & gas industry has remarkably affected the bentonite market. This trend is anticipated to continue during the forecast period, and is therefore expected to unfavorably affect the market growth.

Global Bentonite Market: Scope of the Study

This report analyzes and forecasts the market for bentonite at the global and regional level. The market has been forecast based on volume (Kilo Tons) and revenue (US$ Mn) from 2016 to 2024, considering 2015 as the base year. The study includes drivers and restraints of the global Bentonite market. It also covers impact of these drivers and restraints on demand for Bentonite during the forecast period. The report also highlights opportunities in the bentonite market at the global and regional level. It further includes detailed value chain analysis, which provides a comprehensive view of the global bentonite market.

Porter’s Five Forces model for the bentonite market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness. The study also provides a decisive view of the global bentonite market by segmenting it in terms of product type (sodium bentonite, calcium bentonite & others) and applications such as drilling mud, iron ore pelletizing, foundry sands, pet products, construction, others (textile, paper, cosmetics, pharmaceuticals, etc.). These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for bentonite in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The actual market size of bentonite for 2015 and estimated market size for 2016 with forecast for the next eight years have also been provided in this study. The global market size of bentonite has been provided in terms of volume and revenue. Market volume has been defined in kilo tons, while market revenue is in US$ Mn. Market numbers have been estimated based on product type and key applications of bentonite. Market size and forecast for numerous end-users have been provided in terms of global, regional, and country level markets.

Global Bentonite Market: Research Methodology

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, CSA Global, Society of Mining , Metallurgy & Exploration, Inc. Colorado USA, World Mineral Production Institute of Sciences, FAO, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoover’s, oneSOURCE, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.

We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.

Companies Mentioned in the Report

The report comprises profiles of major companies operating in the global Bentonite market. The global bentonite market is partially consolidated. Key players include Minerals Technologies Inc., Clariant International Ltd.,   IMERYS SA, Ashapura Group, American Colloid Company, Bentonite Performance Minerals LLC, Dantonit A/S., and Canbensan. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

The global bentonite market has been segmented as follows:

By Product Type

  • Sodium Bentonite
  • Calcium Bentonite
  • Others

By Application

  • Drilling Mud
  • Iron Ore Pelletizing
  • Foundry Sands
  • Pet Products
  • Constriction
  • Others (paper, cosmetics, pharmaceuticals etc.)

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Italy
    • Russia
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • ASEAN
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of South America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA


 
 
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