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Bentonite Market Insights: Use of Bentonite for Drilling Purposes to Boost the Market Growth | Technavio

·6 min read

The global bentonite market size is expected to grow by 2.75 million MT during 2020-2024, progressing at a CAGR of over 2% during the forecast period.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201110005738/en/

Technavio has announced its latest market research report titled Global Bentonite Market 2020-2024 (Graphic: Business Wire)

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The use of bentonite for drilling purposes is one of the major factors propelling market growth. However, factors such as competition from organic binders will hamper market growth.

The increasing consumption of bentonite for drilling purposes will drive the growth prospects for the global bentonite market in the forthcoming years. One of the major factors responsible for the growing demand for bentonite is the increasing technological advancements in drilling technologies, which revolutionizes the oil and gas industry and enables access to the most remote of locations, unconventional formations, deep-water regions, and even the Arctic. Also, since bentonite facilitates drilling of new reservoirs, the growing adoption of lateral drilling techniques will boost the demand for bentonite.

More details: www.technavio.com/report/bentonite-market-industry-analysis

Global Bentonite Market: Product Landscape

Sodium bentonite can absorb a higher amount of water than calcium bentonite. It is capable of expanding up to 15 times its volume. Sodium bentonite has high swelling properties; therefore, it is widely used as a sealant in industries. Sodium bentonite is also used as binders, liner material, and as a suspension agent in concrete, wallboards, cement tiles, and water-proofing building materials. It is also used in healthcare as a poultice or as an external detoxifier of skin and feet. The product is also used for controlling dust on highways and as a hole plug. The growing use of sodium bentonite as an effective sealant is driving the growth of the segment. Market growth in this segment will be faster than the growth of the market in the calcium bentonite and other segments.

Global Bentonite Market: Geographic Landscape

The demand for foundry sand will significantly drive bentonite market growth in this region over the forecast period. 40% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for bentonite in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Companies Covered

  • ASHAPURA MINECHEM Ltd.

  • CIMBAR Performance Minerals

  • Clariant International Ltd.

  • EP Minerals LLC

  • Halliburton Co.

  • Imerys SA

  • KUNIMINE INDUSTRIES Co. Ltd.

  • Luossavaara-Kiirunavaara AB

  • Minerals Technologies Inc.

  • Wyo-Ben Inc.

What our reports offer:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers market data for 2019, 2020, till 2024

  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company profiling with detailed strategies, financials, and recent developments

  • Supply chain trends mapping the latest technological advancements

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Bentonite Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist in bentonite market growth during the next five years

  • Estimation of the bentonite market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the bentonite market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of bentonite market, vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Product

  • Market segments

  • Comparison by Product

  • Sodium bentonite - Market size and forecast 2019-2024

  • Calcium bentonite - Market size and forecast 2019-2024

  • Others - Market size and forecast 2019-2024

  • Market opportunity by Product

Market Segmentation by Application

  • Market segments

  • Comparison by Application

  • Foundry sands - Market size and forecast 2019-2024

  • Iron ore pelletizing - Market size and forecast 2019-2024

  • Pet litter - Market size and forecast 2019-2024

  • Drilling mud - Market size and forecast 2019-2024

  • Others - Market size and forecast 2019-2024

  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Vendor landscape

  • Landscape disruption

  • Competitive Scenario

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • ASHAPURA MINECHEM Ltd.

  • CIMBAR Performance Minerals

  • Clariant International Ltd.

  • EP Minerals LLC

  • Halliburton Co.

  • Imerys SA

  • KUNIMINE INDUSTRIES Co. Ltd.

  • Luossavaara-Kiirunavaara AB

  • Minerals Technologies Inc.

  • Wyo-Ben Inc.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201110005738/en/

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