The global bentonite market was adversely impacted by the economic downturn in 2008-2009. However, the market for bentonite recovered in 2010 and is expected to demonstrate positive growth rate in the future due to the increasing importance of bentonite in the oilfield industry. Bentonite finds its application in drilling fluids and oilwell cement applications. The increasing demand for bentonite from oilfield industry will continue to drive this market.
Bentonite is also gaining popularity in several end-use industries as an external and internal cleanser. The strong demand for bentonite from food, cosmetic, pharmaceutical, and surfactants industry will fuel the global bentonite market. Furthermore, a large volume of bentonite is used for manufacturing rubber tire, cleansers, and sprays. The global bentonite market is broadly segmented by application and geography.
The report on global bentonite market presents a detailed analysis of this industry. Furthermore, the report provides information about the new projects and investment feasibility in the global bentonite market. The valuable recommendations in this report will help both new entrants and established players to achieve a better business outcome. The market estimates and forecasts included in the report are verified via exhaustive primary research conducted with the key industry participants.
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Overview of the Global Bentonite Market
Bentonite also known as montmorillonite is a type of clay that exhibits an ability to produce electrical charge when hydrated. Bentonite is recognized for its ability to soak up and remove impurities, toxins, heavy metals, and chemicals. Bentonite is used in a wide range of food such as candies and yogurt. Furthermore, bentonite is also used to make medicines as it has good water holding capabilities. It can also be mixed with sand and clay and used to make ceramics or used in the buildings industry. A small volume of bentonite is also used for bleaching.
Traditionally, bentonite was used for oilwell and water-well drilling. Primarily bentonite was used to close borehole walls, to remove drill cuttings, and grease the cutting head. However, this clay is increasingly finding use in several other industries due to its bonding ability. Geography-wise, the global bentonite market is segmented into Asia Pacific, North America, Europe, and Rest of the World (World). At present, Asia Pacific is the largest consumer of bentonite, trailed by North America and Europe. Some of the top bentonite producing countries are China, India, Greece, and Turkey.
Though the global bentonite market is expected to exhibit good growth during the forecast period of 2013 to 2019, the inability of bentonite to avoid swelling and hydration formation will suppress the market growth. Treated bentonite is not capable of exhibiting plasticity properly owing to the low amount of montmorillonite composition in bentonite.
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