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Bentonite Market - By Product (Sodium, Calcium, Sulphur), By Application (Foundry Sands, Cat Litter, Iron Ore Pelletizing, Refining, Drilling Muds, Civil Engineering) & Forecast, 2021- 2027

  • Report ID: GMI1492
  • Published Date: Jun 2021
  • Report Format: PDF

Industry Overview

Global bentonite market size was over USD 1.40 billion in 2020 and is estimated to grow at over 8% CAGR between 2020 and 2027 owing to rising environmental concerns related to wastewater treatment mainly owing to the presence of high content of radioactive and toxic chemicals. Additionally, rapid growth in automotive, pharmaceuticals, and agriculture industries in China and India is projected to boost the demand for bentonite.

High focus towards infrastructural growth in countries such as Brazil, Argentina, India, China, and Malaysia due to rising public expenditure is projected to boost the construction industry. Increasing demand for high grade iron ore has led to growing adoption of the ore pelletizing process which may further propel the growth of bentonite market across the globe. Growing iron & steel manufacturing in emerging economies such as China, India and Japan have led to rising demand for iron ore.

Bentonite Market Outlook

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Rising awareness of stabilization provided by bentonite slurries in the construction industry along with high cost of steel liner usage propels the product demand. Bentonite slurries retain their position in the excavated pit and avoid flowing into the surrounding soil which has a sealing effect. Therefore, high performance of bentonite in a wide range of industries is projected to drive the bentonite market share over the forecast period.

Rapid technological advancement, allowing the adoption of new drilling and fracking techniques in the U.S. has ensured that the extraction of hydrocarbons is more economical, which has increased the production of oil & gas, further accelerating bentonite market demand. The availability of rich bentonite reserves in the U.S., predominantly in the state of Wyoming, along with the presence of several leading manufacturers such as Minerals Technologies Inc., Black Hills Bentonite, CETCO, and Halliburton may stimulate market growth.

Growing demand for natural healthcare products and rising awareness of bentonite’s absorptive properties is predicted to increase product demand for personal care & health products. The product has the capability to absorb fluids and swell up to several times in size, which is increasing its demand for edible clay products designed to absorb toxins from the digestive system. The product is non-toxic in nature which prevents adverse health impacts and allows the removal of trapped toxins with normal bodily waste. Such detoxifying clays may improve hair, skin & eye health, uplift mood and improve energy availability. Moreover, these products can help in treating indigestion, stomach-ache, diarrhoea, heart burn, acid reflux and improve pH balance.

Bentonite also finds increasing use in various hair & skin care products as a thickener, texturizer, filler and binder. This product helps in the absorption & removal of impurities and oil from the skin, thus improving bentonite’s suitability for use in facial masks, foundations, facial cleansers and acne treatment lotions & treatments. Therefore, growing demand for pharmaceutical, cosmetic and personal care products due to growing population and increasing income of the consumers is projected to provide significant growth opportunities for bentonite market over the forecast period.  

Growing use as a natural sealant should fuel the demand for sodium bentonite product over the forecasted period

Sodium Bentonite Market

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The demand for sodium bentonite is anticipated to surpass USD 1.45 billion up to 2027. Sodium bentonite is a natural sealant is used for sealing stock & recreational ponds, city landfills, and dairy & sewage lagoons. It is highly effective in controlling dust on roads & highways. Sodium bentonite is among the low-cost and most effective methods of treating porous soils. It does not contain any chemicals, additives, or toxic elements; thus, it is considered an environmentally safe option.

Sodium bentonite is used as a binder in foundry sands owing to its high swelling property as more swelling bentonite has a higher strength in the water condensation zone. The demand for foundry sand has increased in workshops and factories that manufacture parts of automotive, construction, and steel industry to mould foundry products. This further provides huge market opportunity for sodium bentonite manufacturers operating globally.

Binders are used to enhance pellet green strength in the production of iron ore concentrate pellets. Sodium bentonite act as a strong binder in the production of iron ore concentrate pellets as it offers higher water plate absorption and superior thermal stability. Sodium bentonite in iron ore pelletizing provides high swelling & bonding properties, large surface area, compressive strength, high sheer, high water absorption and good dry strength. Thus, sodium bentonite is extensively used in the iron ore pelletizing application. Growing steel production in developing economies such as China, India, and Vietnam, is the major factor expected to fuel the bentonite market for iron ore pellets.

Booming agriculture, automotive and construction sectors in Asia Pacific should propel the business growth

Bentonite Market by Region

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The Asia Pacific region should surpass USD 680 million by 2027 and register gains of over 9.3% CAGR owing to well-established agriculture, automotive and construction sector in the region due to growing urbanization, population growth, and rising standard of living of the propel which has further bolstered the iron pelletizing industry. The increasing agricultural market demand in India may inflate the usage of Sulphur bentonite to enhance the yield of a wide range of crops such as cereals, pulses, fruits and vegetables. It also helps to improve the odor and taste of various crops such as onion, ginger, garlic and fruits including grapes and oranges. Furthermore, government subsidies are promoting the usage of conventional based sulphur bentonite fertilizers.

North America is anticipated to grow at a significant pace at over 9.0% of CAGR up to 2027. Large-scale drilling activities in the U.S. may promote growth of bentonite market owing to the product’s requirement as a raw material for drilling fluids. Increasing global energy consumption has boosted oil & gas exploration activities thereby stimulating the drilling industry.

Strategic acquisitions and mergers among industry participants to accelerate bentonite market competitiveness

Global bentonite industry is moderately fragmented and is characterized by the presence of several medium & large industry players operating worldwide. The key players in the market include Mineral Technologies, Delmon Group of Companies, CETCO, Halliburton, and Wyo-Ben. The key market participants are implementing various strategies includes partnership and mergers & acquisitions in order to increase market share and to tap the growth opportunities in the market.

In October 2020, Minerals Technologies Inc. (MTI) acquired Tri-State Construction. The acquisition will help Minerals Technologies Inc. to serve the customers, strengthen the leadership position in bentonite-based products and invest in growth opportunities.

In April 2018, the company entered into an agreement with Sivomatic Holding B.V. under which Minerals Technologies Inc. purchased all of the shares of Sivomatic. Sivomatic is primarily involved in the production of cat litter in Europe. It operates production facilities in the Austria, Netherlands, and Turkey. Sivomatic Holding B.V. is among the leading producer of clumping products, and the product portfolio of the company also include a range of pet litter products derived from bentonite, that is sourced from wholly- owned mines located in Turkey.

Global bentonite market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons, and revenue in USD Billion from 2016 to 2027 for the following segments:

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By Product

  • Sodium
  • Calcium
  • Sulphur
  • Other

By Application

  • Foundry sands
  • Cat litter
  • Iron ore pelletizing
  • Refining
  • Drilling muds
  • Civil engineering
  • Others

By Region

  • North America 
    •  U.S
    • Canada
    • Mexico 
  • Europe 
    • Germany
    • Ukraine
    • France
    • Italy
    • Spain
    • Russia
    • Poland
    • Denmark
    • Greece 
  • Asia Pacific 
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Thailand 
  • Latin America 
    • Brazil
    • Argentina 
  • Middle East and Africa 
    • Saudi Arabia
    • UAE
    • South Africa


Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Bentonite market size hit USD 1.4 billion in 2020 and could expand at an 8% CAGR through 2027.

Sodium bentonite industry share could surpass USD 1.45 billion by 2027 due to growing use as a natural sealant in stock & recreational ponds, dairy & sewage lagoons, and city landfills.

Asia Pacific bentonite market size could grow at a 9.3% CAGR over 2021-2027 to reach USD 680 million in annual revenue.

Mineral Technologies, Halliburton, CETCO, Delmon Group of Companies, and Wyo-Ben are some of the major manufacturers of bentonite globally.

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  • Base Year: 2020
  • Companies covered: 16
  • Tables & Figures: 472
  • Countries covered: 24
  • Pages: 370
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