Bentonite Market trends research and projections for 2017-2024

The Bentonite market trends are analyzed from recent past with an eye on coming years in this report that also offers projections for Bentonite industry targeted at helping in business decisions.

Bentonite market size from metal casting application occupies a substantial portion of the demand. It is used as a bonding material for iron, steel and non-ferrous casting. It provides good flowability, thermal stability and compactability for production of high quality castings. Types of bentonite clay used are sodium (western) and calcium (southern). New clay technology, such as activated and modified clay would behave in specific characteristics, and could be used to perform in desired way.

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Cat litter are mostly used as a house hold inventory for its various uses like gardening, preventing fires, gaining traction for vehicles on icy roads, pest control, deodorize, remove grease and stains and removing toxins from food. U.S. and Canada cat litter industry was valued at over USD 1.5 billion as compared Europe which was worth over USD 950 million in 2015.

Mostly used in water-based drilling muds and oil-based muds, average consumption of this product was about 900 kilo tons per annum in drilling industry in 2015. It acts as lubricant to cool the drill bit, tubing and rig, control sub-surface pressure, acts as sealing agent and stabilize well bore.

Bentonite market size from iron ore pelletizing applications expects steady gains. It is used as a binding agent in iron ore pellets application as it provides properties like uniform porosity, better size, higher metallization rates, higher mechanical strength and abrasion resistance. Per ton of IOP requires 6-10 kilo of bentonite. Iron ore market size was over USD 95 billion in 2015 and increasing IOP demand, should  drive product demand.

U.S. and China are among the major bentonite producing nations. North America, led by U.S. bentonite market size should witness moderate gains over the forecast period. APAC provides lucrative opportunities for growth in this industry as most of the sectors employing the use of this product is budding significantly in India, China, Japan and South Korea. APAC, led by India, Malaysia, Indonesia and China bentonite market size should witness significant gains owing to growth in construction sector.

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Bentonite market share is fragmented with some of the industry players include Shashi Minerals, Daroukesht Khaver Maineh, Zhejiang Sanding Technology Co. Pvt. Ltd., Aroma Chimie, ABG Bentonite Mining Company, All Star, ETEC, LKAB Minerals B.V., Xatico Benelux-France, OOO Korfil Plast, CMMP, Tinas Medencilik, Terradrill Fluids Ltd., Bento Group Minerals and Albir A.S.

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