About the Report
Organo-modified bentonite market is estimated to exhibit growth at a positive rate over the forecast period. The market will be driven by the increasing demand from the oil & gas industry in North America and the Middle East. Organo-modified bentonite is widely used in various industries including oil & gas, paint & coatings, water-treatment, foundry, textile, cement and others. The demand for organo-modified bentonite is anticipated to rise owing to its specialized properties which make it a vital component of drilling fluids for extraction of crude and as a binder for the production of iron, steel and non-ferrous castings.
ESOMAR-certified market analysis and consulting company Future Market Insights (FMI) delivers insights into key factors driving Organo-Modified Bentonite market growth in its latest report. Additionally, evaluating the effect COVID-19 has had on the Organo-Modified Bentonite market in general, the study monitors global Organo-Modified Bentonite sales in 20+ high-growth markets and addresses end-use industries in particular.
How Does the Historic and Future Outlook of Organo-modified Bentonite Market Match Up?
According to FMI’s analysis, organo-modified bentonite sales have grown at 2.8% CAGR between 2016 and 2020. The increasing demand from industries such as oil & gas is set to drive the demand for organo-modified bentonite. North America is leading the global oil & gas industry in terms of production and therefore dominates the market for organo-modified bentonite, accounting for more than one-fourth of the global market.
In Asia-Pacific, demand for organo-modified bentonite is led by foundry applications, especially in China. Increasing demand for metals in various end-use industries is anticipated to boost the consumption of organo-modified bentonite in foundry applications.
Organo-modified bentonite also is used in the manufacturing of beauty and cosmetic products such as mud bath. Increasing disposable income and concerns related to personal care amongst the consumers in developing regions are set to bolster the demand for organo-modified bentonite in the near future.
What is the Potential Opportunity of Organo-Modified Bentonite?
The scope for organo-modified bentonite sales is expected to rise significantly in the forthcoming years. Apart from its traditional end uses, organo-modified bentonite has significant new opportunity in the paint and coating industry, owing to its characteristics such as strong thickening ability, and good compatibility. They also are applicable in low and middle polar solvent systems.
Organo-bentonites have a positive influence on rheological properties of products such as drilling fluid, completion fluid, and others including anti-sagging, which reduces settling in containers. It is especially manufactured for use in solvent-based system, this solvent-based system containing good adhesives properties and improved durability.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
Why are Organo-modified Bentonite Market Players focusing on R&D?
Key manufacturers and research institutes are conducting research and development activities to develop new organo-modified bentonite using different quaternary ammonium salts to widen its applications scope. By developing highly efficient organo-modified bentonite, manufacturers aim at gaining competitive edge over other market participants. Moreover, various manufacturers are entering the market by acquiring local existing players and widening their portfolio.
What is the COVID-19 Impact on Organo-modified Bentonite Sales?
All regional governments took actions to contain COVID-19 pandemic. Some of the measures included social distancing, lockdowns, and closures of major manufacturing hubs that created supply-demand gap and impacted almost all industrial activities adversely. Key end users of organo-modified bentonite market include oil & gas, foundry, paints & coatings, textile, water treatment, cement, cosmetics, lubricants & greases and coal briquette, amongst which oil & gas industry registered dwindling sales amid pandemic.
Restrictions imposed on drilling activities to contain the spread of the virus negatively affected overall growth of the industry. The cosmetics industry too exhibited slow growth amid the pandemic. Other factors including disruption in supply chain, raw material supply, transportation and lack of labor hampered the overall organo-modified bentonite market.
Why Does the U.S. Dominate the Global Organo-Modified Bentonite Market?
North America is expected to exhibit high growth in the organo-modified bentonite market during the forecast period. The increase in investments in Brownfield and Greenfield projects is set to drive growth in the U.S. Moreover, increasing oil & gas exploration activities to reduce energy dependency on imports is further expected to spur the organo-modified bentonite market in the near future.
Why is the Organo-Modified Bentonite Market in China Led by Foundry Sector?
The demand in China is expected to increase considerably over forecast period on account of the rise in infrastructure activities owing to urbanization and population growth, which have further boosted the cement segment. Investments by key players in the country in organo-modified bentonite market is anticipated to grow with increasing demand from various industries. Furthermore, increasing demand for metal casting is driving the market for foundry industry, thereby enabling organo-modified bentonite sales.
What is the Share of Mexico in the Organo-Modified Bentonite Market?
Casting production is shifting from developed market to low cost countries such as Mexico. The country is amongst one of the major bentonite manufacturing hubs. The demand for organo-modified bentonite in Mexico is backed by demand in foundry and oil & gas industries.
How Big is the Opportunity in India?
India’s organo-modified bentonite market is driven by presence of various industries including foundry, cosmetics, paints and coatings. The demand for organo-modified bentonite is majorly satisfied by the imports from countries such as China. Bentonite obtained in India is not suitable for modification as it has deep color which is not preferred in paints & coatings applications.
What are the Factors driving Russia’s Organo-modified Bentonite Market?
Russia is one of the prominent market for the organo-modified bentonite. Market in Russia is driven by growth in foundry and oil & gas industries; however, oil & gas sector in Russia has experienced slow growth in last few years.
How big is Adsorbent/Absorbent Application?
Adsorbent/ absorbent is amongst the leading applications of organo-modified bentonite, accounting for about one-fifth of the total market. Organo-modified bentonite is widely used as absorbent/ adsorbent in industries such as water treatment, cosmetics and others. The segment is anticipated to be the one of the most attractive segments growing at high rate over the forecast period owing to high growth in water treatment and cosmetics industry.
Why Does Oil & Gas Industry Hold Higher Revenue Share?
Owing to its various properties, bentonite is used in drilling & completion fluids used for mud-rotary and drilling processes. In response to the increasing number of oil and gas producers around the globe, consumption of bentonite as a drilling fluid for extraction of crude oil and natural gas has risen. With increasing energy requirements, demand for oil drilling is anticipated to increase, thereby positively impacting the global organo-modified market in the foreseeable future.
The organo-modified bentonite market is a fairly consolidated, dominated by key players selling the products across the globe. Some of the key players are concentrating on building a market for specific applications. Organo-Modified Bentonite market is a fairly consolidated market in which more than three-quarters of the market value share is owned by the key leading players. Across the value chain, the industry players have strong alliances with the raw material suppliers, distributors and end users. In order to meet the requirements of an expanding consumer base, companies operating in the organo-modified bentonite manufacturers strategically partner with end users and regional distributors.
Organo-Modified Bentonite suppliers pursue strategies of acquisition and geographic expansion to create a foothold. In the Organo-Modified Bentonite market, the use of specialized technology for production make it difficult for new entrants. The tier-I players in the Organo-Modified Bentonite market are focusing on enhancing R&D capabilities to develop new organo-modified bentonite with different quaternary ammonium salts and acquisition of smaller players, to strengthen their positioning across the market.
Some of the leading companies operating in the market are:
- Huate Corp.
- Unitech Chemicals (Zibo)
- Camp Shining
- Manek Group
- Zhejiang Anji Tianlong Organic Bentonite Co. Ltd.
- Zhejiang Qinghong New Material Co. Ltd.
- Changxing Guangda New Materials Co., Ltd.
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.
Scope of the Report
Historical Data Available for
USD Million for value and Units for Volume
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa
Key Countries Covered
US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, brazil, Mexico, GCC Countries, Turkey, Northern Africa, South Africa.
Key Segments Covered
Product Type, End Use and Region
Key Companies Profiled
Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing
Key Questions Answered in the Report
Which is the most lucrative market for Organo-Modified Bentonite?
The U.S. currently leads the global market for organo-modified bentonite and is forecast to remain a highly lucrative market for sales through 2031.
Which is the key application of organo-modified bentonite?
Its application as a clarification agent is anticipated to grow at highest rate between 2021 and 2031 owing to its increasing consumption in water treatment applications.
Who is the leading end user of Organo-modified bentonite?
Organo-modified bentonite is widely used in oil & gas for drilling fluids. The oil & gas industry accounts for the leading share in the market.
Which are some of the leading companies providing Organo-Modified Bentonite?
Some of the leading companies manufacturing Organo-Modified Bentonite are Elementis, BYK, MI-Swaco, Laviosa, Lamberti, Huate Corp., Unitech Chemicals (Zibo), Camp Shining, Zhejiang Anji Tianlong Organic Bentonite Co. Ltd., Zhejiang Qinghong New Material Co. Ltd. And others.
What is the ongoing trend amongst the manufacturers?
Leading organo-modified bentonite manufacturers are focusing on research and development activities to develop new products and gain competitive edge over other players.
Enquiry before Buying
Is this research conducted by Future Market Insights?
Yes, the research has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to research analyst
What research methodology is followed by FMI?
FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions. Request detailed methodology
Who are the respondents for primary research?
FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.
What are the sources of secondary research?
FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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Organo-Modified Bentonite Market by Category
- Drilling Fluid
- Clarification Agent
- Nucleating Agent
- Absorbent / Adsorbent
- Oil & Gas
- Paints & Coatings
- Water Treatment
- Lubricants & Greases
- Coal Briquette
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)