Global Organo-modified Bentonite Market, By Type (Covers, Solvent Based, Water Based), Application (Drilling Fluid, Clarification Agent, Nucleating Agent, Binder, Absorbent or Adsorbent, Others), End User (Oil and Gas, Foundry, Paints and Coatings, Textile, Water Treatment, Cement, Cosmetics, Lubricants and Greases, Coal Briquette) – Industry Trends and Forecast to 2029
Market Analysis and Size
Organo-modified bentonite has huge scope for application in the coating and paint industry due to its strong compatibility, and thickening ability. It Moreover, organo-bentonites positively influence rheological characteristics such as completing fluid, drilling fluid, and others, including anti-sagging that reduces settling in containers. Organo-modified bentonite is specifically manufactured for use in a solvent-based system and contains good adhesive properties such as durability.
Data Bridge Market Research analyses that the organo-modified bentonite market was valued at USD 2400.00 million in 2021 and is expected to reach USD 3825.24 million by 2029, registering a CAGR of 6.00 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Covers, Solvent Based, Water Based), Application (Drilling Fluid, Clarification Agent, Nucleating Agent, Binder, Absorbent or Adsorbent, Others), End User (Oil and Gas, Foundry, Paints and Coatings, Textile, Water Treatment, Cement, Cosmetics, Lubricants and Greases, Coal Briquette)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Elementis Plc (U.K.), Schlumberger Limited. (U.S.), Laviosa Minerals Srl (Italy), Lamberti S.p.A (Italy), ZHEJIANG HUATE GROUP (China), Unitech Chemicals(Zibo) Ltd. (China), zhejiang camp-shinning new material co. ltd (China), Manek Group (China), Zhejiang Anji Tianlong Organic Bentonite Co. Ltd. (China), Zhejiang Qinghong New Material Co. Ltd. (China), Changxing Guangda New Materials Co., Ltd. (China) , Mineral Technologies Inc. (U.S., Clariant (Switzerland), Kunimine Industries Co., Ltd. (Japan), CB CHRYSTAL (U.S.), Alfa Aesar (U.S.), Kutch Minerals Limited (India), Ashapura Group (India)
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Market Opportunities
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Market Definition
Organo-modified bentonite is an organically bentonite which has derived from a naturally clay mineral. The main component is of the organo modified bentonite is bentonite, montmorillonite clay. Organo-modified bentonite include water based organoclay and solvent base organoclay.
Organo-modified Bentonite Market Dynamics
Drivers
- Rise the demand in personal care products
Organo-modified bentonite is widely used in the manufacturing of beauty, cosmetic or personal care products such as mud bath. Growing disposable income and concerns regarding personal care amongst the consumers in developing economies are expected to boost the demand for organo-modified bentonite in the forecast period.
- Highly used as absorbent or adsorbent
Absorbent or adsorbent is amongst the important applications of organo-modified bentonite. Organo-modified bentonite is extensively used as absorbent or adsorbent in several industries such as cosmetics, water treatment and others. This segment is expected to be the one of the most striking segments which is rising at high rate during forecast period.
- Rising demand in oil and gas industry
Organo modified bentonite is used in drilling and completion fluids which is used for drilling and mud-rotary processes. In response to the growing number of oil and gas manufacturers around the world, increase the consumption of organo modified bentonite as a drilling fluid for extraction of natural gas and crude oil. With growing energy requirements, the demand for oil drilling is expected to increase, thus positively impacting the global organo-modified market during forecast period.
Opportunities
- Rise in demand due to different properties
The market scope for organo-modified bentonite sales is anticipated to increase considerably in the forthcoming years. Apart from its traditional uses, organo-modified bentonite has significant increasing new opportunity in the coating and paint industry, owing to its different properties.
- Predict innovation and development
The major manufacturers and research institutes are leading research and development activities to develop new organo-modified bentonite product by using different quaternary ammonium salts to extend its applications scope. By developing highly effective organo-modified bentonite, manufacturer’s goal at attaining competitive edge over other market participants.
Moreover, increase in strategic collaborations and rising emerging new markets will also act as market drivers and further increase beneficial opportunities for the market.
Restraints/ Challenges
Organo modified bentonite contains a high level of lead which can pose a health risk such as serious damages to the immune system, central nervous system and affect the kidney as well. FDA has examined that this product has elevated lead levels of lead and may pose serious health issues. Therefore, this is projected to obstruct the market growth of organo modified bentonite. Also, the limited availability of organo modified bentonite is expected to negatively affect the market growth of organo modified bentonite to some extent over the forecast period.
This organo-modified bentonite market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the organo-modified bentonite market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Organo-modified Bentonite Market
All local governments took actions to contain COVID-19 pandemic. Some of the measures included lockdowns, social distancing and closures of main manufacturing hubs which created gap between supply and demand and also impacted almost all industrial activities adversely. The major end users of organo-modified bentonite market include paints and coatings, textile, oil and gas, foundry, water treatment, cement, cosmetics, lubricants and greases and coal briquette, amongst which oil and gas industry registered dwindling sales amid pandemic. Other factors including disruption in transportation, supply chain, raw material supply and lack of labor hindered the overall organo-modified bentonite market during pandemic
Global Organo-modified Bentonite Market Scope
The organo-modified bentonite market is segmented on the basis of type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Covers
- Solvent Based
- Water Based
Application
- Drilling Fluid
- Clarification Agent
- Nucleating Agent
- Binder
- Absorbent or Adsorbent
- Others
End User
- Oil and Gas
- Foundry
- Paints and Coatings
- Textile
- Water Treatment
- Cement
- Cosmetics
- Lubricants and Greases
- Coal Briquette
Organo-modified Bentonite Market Regional Analysis/Insights
The organo-modified bentonite market is analysed and market size insights and trends are provided by country, type, application and end-user as referenced above.
The countries covered in the organo-modified bentonite market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America dominates the organo-modified bentonite market in terms of market share during the forecast period. This is due to the increasing demand for organo-modified bentonite in this region. North America region leads the organo-modified bentonite market, with U.S. leading the way in terms of increase in investments in Brownfield and Greenfield projects and growing oil and gas exploration activities in this region.
During the projected period, North America is expected to be the fastest developing region due to urbanization and population growth and increasing demand for metal casting in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Organo-modified Bentonite Market Share Analysis
The organo-modified bentonite market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to organo-modified bentonite market.
Some of the major players operating in the organo-modified bentonite market are:
- Elementis Plc (U.K.)
- Schlumberger Limited. (U.S.)
- Laviosa Minerals Srl (Italy)
- Lamberti S.p.A (Italy)
- ZHEJIANG HUATE GROUP (China)
- Unitech Chemicals(Zibo) Ltd. (China)
- zhejiang camp-shinning new material co. ltd (China)
- Manek Group (China)
- Zhejiang Anji Tianlong Organic Bentonite Co. Ltd. (China)
- Zhejiang Qinghong New Material Co. Ltd. (China)
- Changxing Guangda New Materials Co., Ltd. (China)
- Mineral Technologies Inc. (U.S.
- Clariant (Switzerland)
- Kunimine Industries Co., Ltd. (Japan)
- CB CHRYSTAL (U.S.)
- Alfa Aesar (U.S.)
- Kutch Minerals Limited (India)
- Ashapura Group (India)
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