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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.

Advantageous Properties to Propel the Growth Rate of the Bentonite Market

The bentonite market is extrapolated to gain considerable growth during the assessment period of 2016-2024 on the back of the expanding infrastructural projects across numerous countries. Rapid urbanization across the globe has urged many countries to focus on infrastructural development. The booming construction initiatives undertaken by the governments of various countries like dams, sea canals, hydropower plants, and others will serve as an impactful growth factor.

  • Bentonite clay is derived from volcanic ash. It is prominently used for greasing the cutting head, close borehole walls, removing drill cuttings, stabilization of casings, tunneling, slurry walls, constructing waterproof screens, and others. The overwhelming demand for bentonite across these applications will turn the tables of growth. Furthermore, the beneficial properties of bentonite prove to be game-changers. The plasticizing properties of bentonite make it a hot favorite among many applications. All these aspects bode well for the growth of the bentonite market.
  • The drilling activities in many regions have increased substantially over the years. The massive utilization of bentonite in drilling activities will serve as a robust growth pillar. The focus of many players on the research and development activities will help in deriving novel formulations that improve the quality and ramp up the convenience quotient that proves to be beneficial for the end-users. These factors help in boosting the revenues, eventually leading to an increase in the growth rate.
  • The novel coronavirus pandemic has affected the growth prospects of a large number of industries extensively. The magnifying transmission rates due to the virus forced many countries to go into strict lockdowns. These restrictions ruined the growth projections of many sectors and businesses. The bentonite market is one of them.
  • The closure of manufacturing facilities resulted in decreased demand and production. These aspects harmed the growth prospects. Nevertheless, the easing of lockdown restrictions will serve as a relief for the players in the bentonite market.

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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Bentonite Market

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