Bentonite is a clay that occurs naturally and has good absorption and adsorption properties. Because of these characteristics, bentonite is widely utilised in the personal care, pharmaceutical, construction, and oil and gas industries. Increased demand for bentonite as a cleansing agent and a water absorption agent has stemmed from increased demand for beauty products and rapid development in the building sector. Over the forecast period, rising consumption of bentonite as a binder in foundry sand is likely to drive market expansion (2019-2027).
For foundry and construction, sodium bentonite is the most used option. Calcium bentonite, on the other hand, is utilised in a variety of applications including cosmetics and animal feed.
Bentonite Market Segmentation
Fact.MR has studied the bentonite market with detailed segmentation on the basis product type, application and key regions.
Product Type
- Sodium
- Calcium
- Others
Application
- Drilling Fluid
- Binder
- Sealant
- Absorbent
- Clarification Agents
- Others
End-use Industry
- Oil
- Foundry
- Construction
- Food
- Pharmaceuticals
- Others
The focus of key players will be on aggressive pricing strategy.
Players are focusing on pricing and quality of bentonite because to the presence of multiple global and local bentonite manufacturers. Over the long term, collaboration between various foundries and drilling industry participants would help to enhance bentonite use by the respective players.
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