An Incisive, In-depth Analysis on the Bentonite Market
This study offers a comprehensive, 360 degree analysis on the Bentonite market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Bentonite market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Bentonite market is set to witness modest growth at projected CAGR of 4.3% during the forecast period (2029-2029). Role of bentonite in multifaceted end-use industries such as water treatment, agriculture, and construction sector is catalyzing the growth of bentonite market. On that premise, the global bentonite market surpassed US$ 1.4 Bn in 2018.
The construction sector in particular is experiencing robust growth in emerging economies. Leading bentonite manufacturers are thus compelled to ramp up the production. Moreover, greater government incentive for SMEs in developing regions is bolstering the growth of bentonite market. However, manufacturers face intense competition owing to consolidated natured of the market.
Soaring Oil & Gas Drilling Activities to Fortify Bentonite Market Through 2029
Growing energy needs on account of rising global population is expediting oil & gas drilling activities. This sector is a prominent end-use area of bentonite where it is utilized as a drilling mud additive. Hence, oil & gas drilling application segment is projected to hold prominent market share through the forecast period.
Role of calcium and sodium bentonites in drilling mud applications continues to propel the overall market growth. However, drilling applications are facing restraints from stringent government regulations in view of certain chemical additives used in combination with bentonite. Manufacturers are thus focused on enhancing the production rate by precluding mud cake formation.
Versatility of Bentonite to Drive Consumption in Variegated Industries
Leading players in various applications such as animal feed, paper, polishes, dyes, paints, detergents, cosmetics, and pharmaceuticals are driving the consumption of bentonite. Moreover, bentonite is increasingly being used to eliminate the impurities present in oils and for treating wastewater.
Manufacturers of iron ore pellets use bentonite as a binding agent which is further driving the consumption. The most sought-after attribute of bentonite is its ability to alter mechanical and chemical properties when used in combination with other additives. Therefore, it is the versatility of bentonite which is fuelling the adoption in multiple end-use applications.
Asia Pacific Carves Out a Significant Chunk of Market Share
In terms of consumption, Asia Pacific is the leading regional bentonite market. Large-scale exploration & drilling activities is fuelling the demand for bentonite in this region. During the course of forecast period, Europe and Asia Pacific are projected to gain prominent market share owing to stricter regulatory requirements in North America.
Moreover, favourable government initiatives in Japan, China and India are complementing the regional market growth. Regional demand for bentonite is concentrated in construction, metallurgy, oil & gas industries. On the other hand, North America will witness impressive CAGR through 2029
Market Leaders Prioritise Innovation to Achieve Higher Quality Output
Key players featured in this study include, American Colloid Company, Alfa Aesar, Atlantic Screen & Mfg., Inc., Bentonite Company LLC, BariteWorld, Bentonit Uniao, Bentonite Performance Minerals LLC, LLC, Bulk Apothecary, Black Hills Bentonite, Aydin Bentonit, Ashapura Group of Companies, and CIMBAR Performance Minerals.
Major manufacturers continue to invest massive pecuniary resources in R&D activities to achieve innovative product portfolios, efficient production, and higher quality output. The key strategy being adopted by market leaders is to diversify the end-use segments they cater to owing to versatility of bentonite. This in turn will strengthen their foothold in global bentonite market.
A recent market study published by Future Market Insights on the bentonite market includes global industry analysis for 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on historic as well as current growth parameters, growth prospects of the bentonite market are obtained with maximum precision.
Bentonite Market: Segmentation
The global bentonite market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
Chapter 01 - Executive Summary
The report begins with an executive summary of the bentonite market, which includes key findings and statistical analysis of the market.
Chapter 02 - Market Overview
Readers can find the definition and detailed taxonomy of the market in this chapter, which will help them understand the basic information about the market.
Chapter 03 - Demand Analysis 2014-2018 and Forecast, 2019-2029
This section explains the global market value analysis and forecast for the market during the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical market, along with opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019-2029).
Chapter 04 - Pricing Analysis
This section covers pricing analysis of the market at the regional level.
Chapter 05 - Market Background
This section explains the global market value analysis and forecast for the market during the forecast period of 2019-2029 and the key macroeconomic factors that are expected to influence growth of the market during the forecast period. This section also highlights the opportunity analysis for the market. This chapter also provides key market dynamics, which include drivers and restraints. Moreover, readers will understand key trends followed by leading manufacturers in the market.
Chapter 06 - Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Region
This chapter explains how the market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, Asia Pacific, Middle East and Africa (MEA).
Chapter 07 - Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Product Type
This chapter provides details about the market based product type, and has been classified into sodium and calcium. Through this chapter, readers can understand market attractiveness analysis based on product type.
Chapter 08 - Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by End-use Application
This chapter provides details about the market based on end-use application, and has been classified into drilling fluid, binder, sealant, adsorbent/absorbent, and clarification agent. Through this chapter, readers can understand market attractiveness analysis based on end-use application.
Chapter 9 - North America Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter includes detailed analysis of the growth of the North America market, along with country-wise assessment that includes the U.S. and Canada. Readers can also find pricing analysis, regional trends, and market growth based on end-use application, product type and countries in North America.
Chapter 10 - Latin America Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter provides the growth scenario of the market in countries in Latin American such as Brazil, Mexico, and the rest of Latin America. Along with this, assessment of the market across target segments has also been provided.
Chapter 11 - Europe Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
Important growth prospects of the market in several countries such as Germany, the U.K., France, Spain, Italy, Russia, and the rest of Europe are included in this chapter.
Chapter 12 - MEA Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter provides information about how the market is anticipated to grow in major countries in the MEA region such as GCC countries, South Africa, Turkey, Northern Africa, and the rest of MEA during the forecast period.
Chapter 13 - Asia Pacific Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
Leading countries in the Asia Pacific region are prime subjects of assessment to obtain growth prospects of the Asia Pacific market in this chapter. Readers can find detailed information about growth parameters of the Asia Pacific market during the forecast period.
Chapter 14 - Emerging Countries Market Analysis 2014-2018 and Forecast 2019-2029
This chapter explains how the market is anticipated to grow across various emerging countries such as China, and India.
Chapter 15 - Market Structure Analysis
In this chapter, readers can find detailed information about tier analysis and market concentration of key players in the market, along with their market presence analysis by region and product portfolio.
Chapter 16 - Competition Analysis
In this chapter, readers can find detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in this report are Alfa Aesar, American Colloid Company, Ashapura Group of Companies, Atlantic Screen & Mfg., Inc., BariteWorld, Bentonit Uniao, Bentonite Company LLC, Bentonite Performance Minerals LLC, Black Hills Bentonite, LLC, Bulk Apothecary, Aydin Bentonit, and CIMBAR Performance Minerals.
Chapter 17 - Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the market report.
Chapter 18 - Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the market. The report focuses on bentonite consumed in the Chemicals & Materials industry.