Bentonite Market Analysis

Bentonite Market Analysis

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.
 

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.