No. 1688, Gaoke East Road, Pudong new district, Shanghai, China.
No. 1688, Gaoke East Road, Pudong new district, Shanghai, China.
The sulfur bentonite market experienced significant growth in recent years, with a value of USD 89.04 million in 2018. It is anticipated to maintain a steady expansion at a projected compound annual growth rate (CAGR) of 5.6% from 2019 to 2025.
Bentonite Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024 ... growth rate, and general attractiveness. ... Calcium Bentonite Others By Application Drilling Mud
The Bentonite Market size was valued at USD 1.89 Billion in 2023 and the total Bentonite Market revenue is expected to grow at a CAGR of 8.1 % from 2024 to 2030, reaching nearly USD 3.26 Billion.The Bentonite market is a dynamic and versatile sector, driven by the unique properties and wide-ranging applications of this soft plastic clay.
"Bentonite for Drilling Fluid Market Report Outlook (Size, Share, Trends, Cost Analysis): According to a new research report titled Bentonite for Drilling Fluid Market: Global Industry Perspective ...
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. Bentonite Market Share. Global bentonite industry is ...
Global bentonite market size was over USD 1.40 billion in 2020 and is estimated to grow at over 8% CAGR between 2020 and 2027 owing to rising environmental concerns related to …
Request a Free sample to learn more about this report.. Drilling Fluids Market Growth Factors. Increasing Oil & Gas Exploration Activities Worldwide to Aid Industry Growth. The presence of huge oil & gas reserves across the globe and a continuous rise in the demand for oil & gas from the industrial and transportation sectors have led to a surge in oil & gas …
The global bentonite market size was USD 2.00 Billion in 2022 and is expected to register a revenue CAGR of 6.5% during the forecast period. Increasing need for bentonite in the oil and gas industry, growing need for iron ore pellet production in steel manufacturing, and rising demands from the drilling industry are major factors driving the market revenue growth.
Market Trends, Drivers, Restraints, and Opportunities: Increasing use of bentonite in oil well and drilling fluid application is driving the market growth.; Growing awareness of stabilization and swelling provided by bentonite slurries in the construction industry along with high cost of steel liner usage propels the growth of the market.
Drilling Fluids Industry Outlook. According to BP Energy, China produced 194.0 million tonnes of oil in 2020, and this figure rose to 198.9 million tonnes in 2021, reflecting a steady annual growth rate of 2.4%. In 2021, China accounted for 4.7% of global oil production, highlighting its significant role in the global oil supply.
The global bentonite market was valued at USD 1.7 billion in 2021 and is projected to reach USD 3.5 billion by 2030, expanding at a compound annual growth rate (CAGR) of 8.2% between …
Market Overview. The Bentonite Clay Market is projected to expand from USD 1,983.6 million in 2024 to USD 2,799.36 million by 2032, growing at a compound annual growth rate (CAGR) of 4.40%.
Growth of the target segment is attributed to rising usage of organo-modified bentonite in drilling fluids across thriving oil & gas industry for extracting crude oil and gas. The oil and gas industry includes the global processes of exploration, extraction, refining, and transporting products.
Based on product, sodium bentonite dominated the bentonite market with a share of over 65.0% in 2023, owing to the extensive use of sodium bentonite in end-use applications such as …
According to the bentonite industry analysis, the sodium bentonite segment dominates the overall market, accounting for a disproportionate share of segmental growth and thus contributing to overall market growth. ... (USD Million) and Growth Rate (%), 2018-2030. 5.2.6. Drilling Mud. 5.2.6.1. Drilling Mud Market Revenue (USD Million) and Growth ...
Bentonite for Drilling Fluid Industry compound annual growth rate (CAGR) will be XX% from 2024 till 2031." ... In this section, we reveal an in-depth analysis of the key factors influencing Bentonite for Drilling Fluid Industry growth. Bentonite for Drilling Fluid market has been segmented with the help of its Type, Application, and others ...
The Global Bentonite Market Size is expected to reach USD 3414.63 Million by 2030, at a CAGR of 7.4% during the forecast period 2022 to 2030. The demand for bentonite is anticipated to …
Between 2021-2031, the oil & gas industry is expected to increase its capital expenditure on drilling activities significantly, which will drive the growth of bentonite market. Furthermore, growing construction industry worldwide is augmenting the demand for bentonite in civil engineering applications such as landfill lining, slurry wall ...
Bentonite is one of the raw materials used in the production of drilling fluids that are primarily deployed in the oil and gas industry. Significant growth in oil and gas exploration is increasing …
Increasing need for bentonite in the oil and gas industry, growing need for iron ore pellet production in steel manufacturing are major factors driving the Bentonite market revenue growth ...
Increasing need for bentonite in the oil and gas industry, growing need for iron ore pellet production in steel manufacturing, and rising demand from the drilling industry are some of the …
Bentonite Exports. Exports. In 2021, approx. X tonnes of bentonite were exported worldwide; picking up by X% compared with the year before. In general, total exports indicated a measured increase ...
The global "Bentonite Mining market" is expected to witness a compound annual growth rate (CAGR) of 12.2% between 2024 and 2031.
Global Bentonite Market Dynamics. The key market dynamics that are shaping the bentonite market include: Key Market Drivers. Growing Demand in Oil and Gas Drilling: The growing oil and gas industry is a crucial driver of the bentonite market, as bentonite is commonly used in drilling fluids. According to the United States Energy Information Administration (EIA), worldwide oil …
Summary • ; The global bentonite market size is projected to reach $1.85 billion by 2026. • ; The United States is the largest producer of bentonite, accounting for over one-third of the global production. • ; The Asia Pacific region is expected to witness significant growth in the bentonite market due to increased construction activities. • ; The oil and gas industry is a major ...
An in-depth overview of the global market for Bentonite for Drilling Fluid. Assessment of the global industry trends, historical data from 2017, projections for the coming years, and anticipation ...
ChemAnalyst calculated Bentonite demand across the globe by analyzing the volume of Bentonite consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries.
The Global Bentonite Market Size is estimated to register 8.5% growth over the forecast period from 2024 to 2030. The market growth is driven by an increasing Bentonite used in agriculture and horticulture as a soil amendment to improve the structure and fertility of soils.
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.
Therefore, oil & gas drilling application segment is projected to hold prominent market share throughout the projected timeframe. Market scenario: opportunities and challenges. Increase in casting of metal and foundry applications along with the development of the automobile industry is predicted to influence the growth of the global bentonite ...
