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Global Bentonite Market is Projected to Reach US$ 1.49 billion by 2025

Author: QYResearch | Publish date: 2018-08-22 | Views: 51
New report published by QY Research which offers insights on the global Bentonite market. The Bentonite market has been experiencing steady growth graph since past years. During the 2018-2025 timeline, the global market for Bentonite is expected to reflect a 4.4% increase in the revenue growth. The global sales of bentonite was 17.3 million tons in 2017, and it will reach 21.7 million tons in 2025; while in revenue, it was 1.0 billion USD in 2017, and will be 1.49 billion USD in 2025, with a CAGR of 4.1% between 2018 and 2025.


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Global Bentonite Market: Forecast by Product Type

Sodium bentonite expands when wet, absorbing as much as several times its dry mass in water. Because of its excellent colloidal properties, it is often used in drilling mud for oil and gas wells and boreholes for geotechnical and environmental investigations. The property of swelling also makes sodium bentonite useful as a sealant, since it provides a self-sealing, low permeability barrier.


Sodium Bentonite is dominating the global Bentonite market, occupies for over 90% market share.


Global Bentonite Market: Forecast by Application

·        Molding Sands

·        Iron Ore Pelletizing

·        Pet Litter

·        Drilling Mud

·        Civil Engineering

·        Agriculture


The Bentonite is mainly used in above applications. In different the main use are different. In North America Drilling Mud is the largest application while the Pet Litter is the largest consumer in Europe. In China, the Iron Ore Pelletizing and Drilling Mud are dominating the consumption market of Bentonite.


Global Bentonite Market: Forecast by Region and top manufacturers

United States is the largest producer and consumer, due to its rich reserves and strong demand of bentonite. In North America, the market concentration in very high, most of bentonite is concentrated in Wyoming and developed by few manufacturers like Amcol, Bentonite Performance Minerals LLC (BPM), Wyo-Ben Inc, Black Hills Bentonite and Tolsa Group (acquired the assets of U.S. Bentonite in the end of 2014).


In Europe, Greece, Fracne, Italy, Slovakia, Netherlands, UK, Russia and Germany are the major producers, and the market is dominated by few players like Imerys (S&B), Clariant, Bentonite Company LLC (Russia), Laviosa Minerals SpA, LKAB Minerals and Tolsa Group etc.


In Asia-Pacific, the market concentration is low, the manufacturing bases are mainly distributed in China, India, Malaysia, Thailand and Indonesia, and the market is dominated by lots of small and medium-sized manufacturers, like Ashapura and Star Bentonite Group in India; Huawei Bentonite, Fenghong New Material, Chang'an Renheng, Liufangzi Bentonite and Ningcheng Tianyu in China; These manufacturers mainly supply the low-end products, low added-value, low price and fierce competition. In addition, the giants like Amcol, Imerys (S&B) and Clariant, have entered the Asia-Pacific market, through acquisition or joint venture.


The South America is also dominated by lots of small players, but Clariant purhcased Brazilian company CBB in 2015; in future, the market will market became more concentrated and dominated by the giants like Clariant, Amcol and Imerys (S&B).


In Middle East and Africa, Turkey, South Africa and Morocco are the top producers, and the global giants and some local manufacturers are playing important roles in this regions, like Imerys (S&B), Clariant, LKAB Minerals, Canbensan, Aydın Bentonit and KarBen.


Click to view the full report TOC, figure and tables:

https://www.qyresearch.com/index/detail/75100/global-bentonite-sales-market

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