Bentonite Market Revenue Growth Driven By Increasing Civil Engineering Applications of Bentonite, Reports and Data

News provided by

Apr 19, 2022, 10:35 ET

Rising applications of bentonite as a bonding material in preparation of molding sand, in cat litter, and as a sealing material to protect groundwater from pollutants are some key factors expected to drive market growth

NEW YORK, April 19, 2022 /PRNewswire/ -- Reports and Data has recently published its latest report titled "Bentonite Market Size, Share, & Trends, Product Type (Sodium Bentonite, Calcium Bentonite, Sulphur Bentonite And Others), By Application (Foundry Sands, Iron Ore Pelletizing, Pet Litter, Drilling Mud, Civil Engineering, Refining, Others), By End Use (Iron & Steel, Oil & Gas, Automotive, Construction, Agriculture, Pharmaceuticals, Others), By Region, Global Forecast To 2028."

According to the latest report by Reports and Data, the global bentonite market size was USD 1.48 billion in 2020 and is expected to reach USD 2.16 billion in 2028 and register a revenue CAGR of 6.1% during the forecast period, 2021-2028.

Download sample @ https://www.reportsanddata.com/sample-enquiry-form/1249

Drivers, Restraints, and Opportunities

Bentonite is an off-white montmorillonite clay generated from altered volcanic ash and has a sheet-silicate structure. Bentonite is widely known for its ability to absorb and lose water and for its base-exchange properties. Bentonite has a broad range of applications including animal feed, drilling mud, foundry, absorbent, industrial, and specialty uses. Bentonite dispersions are also used to grout cracks and fissures in rocks, for soil injection, and to restraint water and wastewater movement through sand, gravel, and soils. Growing use of bentonite in sealing waste deposits, sewage ponds, and ornamental ponds, use of bentonite dispersions as lubricants in drilling fluids, and addition of bentonite to waterproof concrete walls and floors are some key factors expected to drive market revenue growth over the forecast period. In addition, bentonite serves as an important additive in bitumen emulsions and is added to mortar to increase its plasticity and these are some other factors expected to boost application of bentonite in civil engineering applications and contribute to revenue growth over the forecast period.

Bentonite is a clay that is generated from the alteration of volcanic ash that consists of smectite minerals such as montmorillonite, hectorite, saponite, beidelitem, and nontronite. Based on the nature of genesis of smectite crystallites, bentonite contain a variety of accessory minerals besides montmorillonite. These minerals include quartz, feldspar, gypsum, and calcite. Bentonite has strong colloidal properties and on contact with water, its volume increases several times which creates a gelatinous and viscous fluid. These special properties of bentonite such as hydration, viscosity, swelling and water absorption, and thixotropy make it a valuable material for a broad range of uses and applications. Bentonite is used as a bonding material in preparation of molding sand in foundry for the production of iron, steel, and non-ferrous casting. It is also used as a binding agent in production of iron pellets. Bentonite is used as an animal feed supplement and as a pelletizing agent in production of animal feed pellets. Bentonite can absorb excess moisture and oils which can prevent lumping and caking of the pellets. Base-exchange properties of bentonite enable it to remove certain toxins and ammonia. It also reduced feed flow through the intestines, in turn, improving nutrient uptake and enhancing milk production, wool growth, and quality and production of eggs. This has boosted its use in agriculture sector and is expected to continue to drive market growth going ahead.

Bentonite is majorly used as drilling mud and is often mixed with water to form slurry which is pumped through drill string and out from the drill bit. Bentonite is also used to fill and seal abandoned drill holes. In addition, bentonite can be used as a buffer and backfill material in deep geological repositories of high-level radioactive waste. These are some other factors that are expected to contribute to market revenue growth over the forecast period. However, elevated levels of lead in bentonite clay used in cosmetics and pharmaceuticals which can cause serious damage to central nervous system, kidneys, and immune systems is a factor that can limit use of bentonite clay in personal care products. Some bentonite can also contain variable amounts of respirable crystalline silica, which is a recognize carcinogen and this can potentially limit its adoption and hamper revenue growth of the market to a certain extent over the forecast period.

To identify the key trends in the industry, research study at https://www.reportsanddata.com/report-detail/bentonite-market

COVID-19 Impact Analysis

Social distancing and restrictions severely disrupted businesses and operations
Lockdowns caused disruptions in transportation and logistics
impacted manufacturing activities and mining operations globally
Took a toll on economy of various countries
Caused sudden and drastic downturn in economic activity
Disrupted agriculture, fisheries, dairy, and other sectors
Caused loss of employment and financial crisis
Supply impacts were further compounded owing to reduced disposable income
Emergence of variants continue to cause concerns and impact normal routines

Sodium Bentonite Segment Revenue to Support Market Growth:

Sodium bentonite segment is expected to register rapid revenue growth over the forecast period attributable to increasing use of sodium bentonite as a sealant for landfills, sewage lagoons, and sealing recreational ponds, as a drilling mud additive in oil and gas industries, and growing use of sodium bentonite in civil engineering applications. Natural sodium bentonite swells many times its mass and forms a strong water and chemical proof seal which makes it an ideal, cost-effective, permanent, and easy to install. Sodium bentonite is eco-friendly and safe to use and is also used as hole plug and to control dust on highways. Sodium bentonite is devoid of chemicals, additives, and toxic substances and this is boosting its use in civil engineering applications and is expected to drive revenue growth of the segment over the forecast period.

Growing use of Bentonite Clay in Face Masks to Drive Revenue Growth of Pharmaceutical Segment:

Pharmaceutical segment is expected to register robust revenue CAGR over the forecast period attributable to increasing use of bentonite as a filler in pharmaceuticals such as industrial protective creams, calamine lotions, and anti-irritants for eczema due to its robust absorption/adsorption functions. Bentonite is often used as an antidote or detoxifier in heavy metal poisoning as its absorption properties allow drawing of heavy metals from the body. Bentonite is majorly used in face packs, baby and face powders, and in certain toothpastes. Bentonite is popular choice for masks and pastes that can be easily applied to unbroken skin and non-sensitive areas of the body and this is a key factor expected to contribute to revenue growth of the segment.

North America to Dominate Other Regions in Terms of Revenue Share:

North America is expected to account for a significantly large revenue share in the global market over the forecast period attributable to presence of large ores of bentonite clay, increasing number of oil and gas drilling activities, and growing use of bentonite in wastewater purification. Bentonite is used in cement and mortars due to its viscosity and plasticity and growing number of construction and building activities in the region is creating an increased demand for cement and mortars and is expected to further fuel revenue growth of the market in the region.

Asia Pacific to Register Rapid Revenue CAGR:

Asia Pacific is expected to register rapid revenue CAGR over the forecast period attributable to increasing demand for bentonite clay from agriculture and construction industries and growing popularity of bentonite-based face masks due to rising focus on skincare and personal care routine among individuals in the region. Increasing production of automobile, growing production and exports of bentonite from India and China, and growing demand for consumer care products infused with bentonite are some other factors expected to fuel Asia Pacific market revenue growth.

Ask for Customize Research Report @ https://www.reportsanddata.com/request-customization-form/1249

Major Companies in the Market Include:

IMERYS SA
Minerals Technologies Inc.
Charles B. Chrystal Co. Inc.
Bentonite Performance Minerals LLC
Wyo-Ben Inc.
Alfa Aesar
Clariant International Ltd.
Volclay International
American Colloid Co.
Canbensan
Ashapura Group
Amsyn Inc.
Dantonit A/S
MidPoint Chemicals Company
AMCOL International

For this study, Reports and Data has segmented the bentonite market based on product type, application, end use, and region:

Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)

Sodium Bentonite
Carbon Bentonite
Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)

Foundry Sands
Iron Ore Pelletizing
Pet Litter
Drilling Mud
Civil Engineering
Refining
Others

End Use Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)

Iron & Steel
Oil & Gas
Automotive
Construction
Agriculture
Pharmaceuticals
Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)

North America

U.S
Canada
Mexico

Europe

Germany
U.K.
France
Italy
Spain
Sweden
BENELUX
Rest of Europe

Asia Pacific

China
India
Japan
South Korea
Rest of Asia Pacific

Latin America

Brazil
Rest of Latin America

Middle East and Africa

Saudi Arabia
U.A.E.
South Africa
Rest of Middle East & Africa

Buy Premium Research Report @ https://www.reportsanddata.com/report-pricing/1249

Some points on how the report benefits stakeholders:

The reports include historical (2018–2022) and forecast (2021–2028) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2018 and 2028.
The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.

Explore Trending Research Reports by Reports and Data:

Silicon Carbide Market, By Product (Green Silicon Carbide, Black Silicon Carbide, Others), By Device (SiC Discrete Device, SiC Bare Die, Others), By Wafer Size, By Application, By End-Use, and By Region Forecast to 2030

Silica Gel Market Size, Share, Trends, By Type (Indicating, Non-Indicating), By Pore Size (Fine, Medium, Wide), By Application (Desiccant, Chromatography, Food Additives, Paints & Coatings, Water Filtration, Others), and By Region Forecast to 2030

Gold Nanoparticles Market Size, Share, Trends, By Type (Nanorods, Nanoshells, Nanocages, Others), By End-Use (Electronics, Healthcare, Chemicals, Others), By Application (Imaging, Sensors, Others), and By Region Forecast to 2030

Building & Construction Chemicals Market, By Type (Concrete & Mortar Admixture, Adhesives, Flame Retardants, Protective Coatings), By Application (New Construction, Repairs) By End-Use (Residential, Commercial), and By Region Forecast to 2030

Graphene Nanoplatelets Market Size, Share, Trends, By Product (M-GNPs, C-GNPs, H-GNPs, R-GNPs), By Application (Lithium-Ion Batteries, Conductive Inks & Coatings, EMI Shielding, Additives, Others), By End-Use, and By Region Forecast to 2030

Metal Injection Molding Market, By Material (Stainless Steel, Low Alloy Steel, Soft Magnetic Steel and Others), By End-Use (Electrical & Electronics, Automotive, Medical, Aerospace, Firearms & Defense and Others), and By Region Forecast to 2030

Roof Coatings Market, By Resin Type (Elastomeric, Bituminous, Acrylic, Epoxy, Silicone, Polyurethane, Others), By Roofing Type, By Technology (Water-Based, Solvent-Based), By Substrate, By Application, and By Region Forecast to 2030

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors. For more information, visit www.reportsanddata.com.

Contact:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
LinkedIn | Twitter | Blogs

Read Latest Press Release @ https://www.reportsanddata.com/press-release/global-bentonite-market

Read Trending Blogs by Reports and Data:

Top 10 Geo Satellites Companies that Provide Novel Solutions in Space and Communication Applications

Top Retail Banking Companies in the World

Top 10 Globally Renowned Companies Offering Robust Nutraceutical Ingredients to Enrich Life

Top 10 Countries That Are Changing The Narrative On Medical Tourism

SOURCE Reports And Data