global bentonite production Archives

Bentonite market is anticipated to grow at a robust pace in the coming years, fueled by the surge in oil & gas exploration activities across the U.S. and Canada. Robust economic developments have made way for the spiraling infrastructure activities in countries like China, South Korea, and India. The agriculture sector is growing profusely with the expanding population and the higher intake of food products. The booming automotive production in Germany, the U.S., France, India, Italy, South Korea, and Japan will further drive the market growth.

Bentonite offers cooling and optimal lubrication of transports cuttings, drill-bits, and rig & tubing from the bottom to the surface of the wells. It also limits the deposition of these cuttings, in cases when drilling is halted, by keeping them suspending.

In fact, a research article by Global Market Insights Inc. states that the global bentonite market size will exceed USD 2.50 billion by 2027.

Here’s a lookout to pivotal trends that are slated to drive the business space through the coming years:

Optimum solubility of sulphur bentonite

Annual revenue of the sulphur bentonite industry is pegged to observe gains at over 8.5% during the forecast period. This is mainly ascribing to its ability to disperse into small particles whilst offering rapid as well as continuous solubility. Sulphur bentonite, which is a yellow-brown solid, is largely utilized as a sulphur-rich fertilizer as it breaks down into minute dust-sized particles upon exposure to moisture. As sulphur enhances various metabolic functions, including chlorophyll synthesis and nutrient uptake in plants, this bentonite is adopted in oilseed crops to enhance the yield and oil content.

In addition, the chemical exhibits high potency, slow sulphur release, lower nutrient & application costs, and higher storage volume, as well as decreased soil leaching.

Sealing attributes of sodium bentonite

The industry share of sodium bentonite is expected to record a CAGR of 8.4% through 2027 owing to its increasing adoption as stock feeds and natural sealants. The product offers high-water and organic absorption, along with cation exchangeability. Increasing penetration in sealing of recreational ponds, city landfills as well as dairy and sewage lagoons will considerably fuel the market demand spurt.

North America to record prolific consumption

North America bentonite market size is anticipated to strike a CAGR of more than 9% up to 2027. The growth can be accounted to the mount in the instances of large-scale drilling activities across the U.S. This has resulted in the increasing use of the product as a raw material for drilling fluids.

Booming agriculture sector in APAC

Asia Pacific is likely to emerge as a major shareholder in the global bentonite market while contributing a growth rate of more than 9.3% through 2027. This can be attributed to the rising advancements across the agriculture and pharmaceutical sectors. According to Second Advance Estimates, the total food grain production in India reached 285.21 million tons in the year 2018-19.

Competitive strategic measures

Leading bentonite market participants are working on strategic initiatives, including partnerships, mergers, and acquisitions to meet the increasing product requirement across pharmaceuticals, oil & gas, construction, cosmetics, food & beverage, paper and pulp, agriculture, ceramics, and wastewater treatment applications.

Bentonite not only limits the loss of circulation fluids through the deposition of filter-cakes on borewell walls but also stabilizes the wellbore whilst reducing the damages to the formation. Furthermore, bentonite marks an abundant presence in drilling muds, comprising primarily of clay and numerous additives like barium sulphate, calcium carbonate, and hematite. The elevating levels of global energy consumption and the significant advancements in the drilling sector will complement the market progression in the near future.

IndexBox has just published a new report: ‘World – Bentonite – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The global bentonite market revenue amounted to $4.3B in 2018, going down by -5.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.9% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global bentonite market attained its peak figure level at $4.5B in 2017, and then declined slightly in the following year.

Consumption By Country

The countries with the highest volumes of bentonite consumption in 2018 were China (5.5M tonnes), the U.S. (2.9M tonnes) and Turkey (2.7M tonnes), with a combined 54% share of global consumption. Germany, Greece, Russia, Japan, Mexico, Brazil, Canada, Iran and Indonesia lagged somewhat behind, together comprising a further 25%.

From 2007 to 2018, the most notable rate of growth in terms of bentonite consumption, amongst the main consuming countries, was attained by Indonesia, while bentonite consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest bentonite markets worldwide were China ($1.1B), the U.S. ($624M) and Turkey ($450M), together accounting for 51% of the global market. Japan, Brazil, Mexico, Germany, Russia, Greece, Canada, Iran and Indonesia lagged somewhat behind, together comprising a further 30%.

In 2018, the highest levels of bentonite per capita consumption was registered in Greece (70 kg per person), followed by Turkey (33 kg per person), Canada (13 kg per person) and Germany (10 kg per person), while the world average per capita consumption of bentonite was estimated at 2.69 kg per person.

Market Forecast 2019-2025

Driven by increasing demand for bentonite worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.5% for the period from 2018 to 2030, which is projected to bring the market volume to 28M tonnes by the end of 2030.

Production 2007-2018

Global bentonite production stood at 20M tonnes in 2018, dropping by -3.2% against the previous year. The total output volume increased at an average annual rate of +1.3% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global bentonite production reached its peak figure volume at 21M tonnes in 2017 and then declined slightly in the following year.

Production By Country

The countries with the highest volumes of bentonite production in 2018 were China (5.6M tonnes), the U.S. (3.7M tonnes) and Turkey (3.1M tonnes), with a combined 62% share of global production.

From 2007 to 2018, the most notable rate of growth in terms of bentonite production, amongst the main producing countries, was attained by Turkey, while bentonite production for the other global leaders experienced more modest paces of growth.

Exports 2007-2018

In 2018, the amount of bentonite exported worldwide totaled 4.7M tonnes, growing by 4.2% against the previous year. The total export volume increased at an average annual rate of +1.2% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The global exports peaked in 2018 and are expected to retain its growth in the near future. In value terms, bentonite exports amounted to $796M (IndexBox estimates) in 2018.

Exports by Country

India (950K tonnes) and the U.S. (845K tonnes) represented the major exporters of bentonite in 2018, recording approx. 20% and 18% of total exports, respectively. Greece (427K tonnes) ranks next in terms of the total exports with a 9.1% share, followed by Turkey (8.2%), Italy (5.8%) and China (5%). Slovakia (210K tonnes), the Czech Republic (164K tonnes), Azerbaijan (148K tonnes), the Netherlands (146K tonnes), Germany (75K tonnes) and Morocco (72K tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Azerbaijan, while exports for the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($193M) remains the largest bentonite supplier worldwide, comprising 24% of global exports. The second position in the ranking was occupied by India ($77M), with a 9.7% share of global exports. It was followed by Turkey, with a 8.2% share.

Export Prices by Country

The average bentonite export price stood at $169 per tonne in 2018, rising by 4.6% against the previous year. Over the last eleven years, it increased at an average annual rate of +1.5%. Over the period under review, the average export prices for bentonite reached their peak figure at $190 per tonne in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($350 per tonne), while Azerbaijan ($58 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, the amount of bentonite imported worldwide stood at 5.3M tonnes, standing approx. at the previous year. The total import volume increased at an average annual rate of +2.5% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The global imports peaked at 5.3M tonnes in 2017, leveling off in the following year. In value terms, bentonite imports amounted to $844M (IndexBox estimates) in 2018.

Imports by Country

The imports of the twelve major importers of bentonite, namely Germany, Canada, the Netherlands, Indonesia, Poland, Sweden, South Korea, Malaysia, the UK, Russia, Italy and France, represented more than half of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Indonesia, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest bentonite importing markets worldwide were Germany ($93M), Canada ($56M) and the Netherlands ($42M), with a combined 23% share of global imports. Indonesia, France, the UK, South Korea, Italy, Sweden, Poland, Malaysia and Russia lagged somewhat behind, together comprising a further 26%.

Import Prices by Country

The average bentonite import price stood at $158 per tonne in 2018, increasing by 3.2% against the previous year. Overall, the bentonite import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was France ($191 per tonne), while Russia ($91 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Global Bentonite Market Size Surpass To USD 2.50 Billion By 2027