The global organo-modified bentonite market is currently valued at USD 271.8 million and it is set to reach USD 501.3 million by 2033. Overall organo-modified bentonite sales are slated to rise at a substantial growth rate of 6.3% CAGR between 2023 and 2033.
According to the research conducted by Future Market Insights, the worldwide organo-modified bentonite industry revenue totaled USD 255.7 million in 2022.
Growing application of organo-modified bentonite in drilling fluids and its high usage as a partial substitution of cement in concrete manufacturing are a few prominent factors that are facilitating expansion of the worldwide market.
An organically modified form of bentonite used in a wide range of applications due to its excellent binding, absorbency, and lubrication properties is called organo-modified bentonite. Its main component is bentonite (montmorillonite clay).
In recent years, substances such as organo-modified bentonite, kaolin, and kaolinite have gained immense traction due to their increasing usage in paints, ceramics, and other highly sought-after products.
Organo-modified bentonite has become one of the commonly used organoclay rheological additives. It is extensively used in drilling fluids across oil & gas sector. Utilizing drilling fluids with unique compositions has become a critical aspect of drilling operations in deep wells.
Increasing oil and gas exploration activities worldwide due to escalating energy demand is expected to boost the global organo-modified bentonite industry during the forecast period.
Organo-modified bentonite also finds application across industries such as paints & coatings, foundry, cement (Portland cement), textiles, and cosmetics. Expansion of these industries will eventually elevate organo-modified bentonite demand during the assessment period.
Attractive features of organo-modified bentonite such as excellent thickening ability and compatibility makes it a popular product in paints & coatings industry.
Growing application of organo-modified bentonite as a binder for the production of steel, iron, and non-ferrous castings will bolster organo-modified bentonite sales over the next ten years. Subsequently, rising usage across water treatment industry is expected to propel global demand for organo-modified bentonite.
Organo-modified clay as an adsorbent can remove a wide range of contaminants such as heavy metals, microorganisms, oil particles in suspension, and chemicals in produced water treatment processes.
Wastewater treatment performance evaluation of synthesized products indicated that the physicochemical and bacteriological properties of wastewater get improved significantly. This indicates clearly that organo-modified bentonite has enormous potential to be applied as an adsorbent material for produced water treatment.
As per the FMI estimations, South Asia Pacific organo-modified bentonite market is estimated to witness a substantial growth rate of 6.9% CAGR during the forecast period. Considerable growth in the construction and paints and coatings industries especially in emerging economies is expected to boost organo-modified demand over the projected period.
| Attribute | Key Insights |
|---|---|
| Organo-modified Bentonite Market Estimated Value (2023) | USD 271.8 Million |
| Projected Market Value (2033) | USD 501.3 Million |
| Value-based CAGR (2023 to 2033) | 6.3% |
| Collective Value Share: Top 5 Countries (2023E) | 57.3% |
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| Market Statistics | Details |
|---|---|
| January to June (H1), 2021 (A) | 5.6% |
| July to December (H2), 2021 (A) | 6.0% |
| January to June (H1),2022 Projected (P) | 6.2% |
| January to June (H1),2022 Outlook (O) | 6.1% |
| July to December (H2), 2022 Outlook (O) | 6.3% |
| July to December (H2), 2022 Projected (P) | 5.8% |
| January to June (H1), 2023 Projected (P) | 6.1% |
| BPS Change: H1, 2022 (O) to H1,2022 (P) | (-) 10 ↓ |
| BPS Change: H1, 2022 (O) to H1,2021 (A) | (+) 50 ↑ |
| BPS Change: H2, 2022 (O) to H2, 2022 (P) | (+) 50 ↑ |
| BPS Change: H2, 2022 (O) to H2, 2021 (A) | (-) 30 ↓ |
The above chart represents changes in the market owing to several global economic and industrial factors, which have affected the growth rate of the organo-modified bentonite industry.
Global sales of organo-modified bentonite increased at a significant pace during the historical period from 2018 to 2033 and totaled a valuation of USD 255.7 million at the end of 2022. For the projection period (2023 and 2033), Future Market Insights predicts global organo-modified bentonite demand to surge at 6.3% CAGR.
Organo-modified bentonite is used in drilling and completion fluids for drilling and mud-rotary processes. Increased use of organo-modified bentonite as a drilling fluid for the extraction of crude oil and natural gas due to growing energy demand and rising oil and gas exploration and drilling activities, is expected to boost the global market during the forecast period.
Similarly, growing usage across industries such as cement, foundry, paints & coatings, textile, cosmetics, and others is expected to propel organo-modified bentonite demand over the next ten years.
Organo-modified bentonite is widely used as a partial substitution for cement in concrete manufacturing. Expansion of the global building and construction industry along with increasing consumption of organo-modified bentonite in the cement industry will boost organo-modified bentonite sales.
Organo-modified bentonite as absorbent/adsorbent finds a wide range of applications in water treatment and paints & coatings industries. It is also extensively utilized in manufacturing of beauty, cosmetics, and personal care products.
Rising demand for skin care products and escalating wastewater treatment activities especially in emerging economies are expected to create lucrative growth opportunities for organo-modified bentonite manufacturers.
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Expansion of Paints and Coatings Industry Accelerating Global Organo-modified Bentonite Sales:
Organo-modified bentonite has a lot of potential in the paint and coating industry because of its properties like good compatibility and strong thickening ability. It is applicable to low and middle-polar solvent systems.
Organo-modified bentonite also has a positive effect on rheological properties such as completing fluid, drilling fluid, and others such as anti-sagging, which lower settling in containers. It is specifically designed for use in solvent-based systems, with good adhesive properties such as durability.
Growing construction activities in developing regions, such as Asia-Pacific and Latin America, and rising interest of customers to depict architectural touches in residential buildings are expected to boost paints and coatings industry during the forecast period. This in turn will positively influence organo-modified bentonite sales.
Which Factors are Expected to Limited Expansion of Organo-modified Bentonite Industry?
Depletion of Bentonite Reserves to Limit Market Expansion
Organo-modified bentonite is manufactured from bentonite, a naturally occurring substance that is mostly extracted from mines all over the world. Due to the depletion of bentonite reserves, various countries all over the world have imposed restrictions on the transcontinental trade of bentonite.
End users in countries with limited bentonite supplies are therefore concentrating on adopting substitutes for bentonite that has undergone organo-modification. This is anticipated to have negative effects on the market.
Macroeconomic factors such as currency values, political scenarios, and export-import policies are a few constant risks associated with the manufacturing of organo-modified bentonite, thereby hampering the growth of the product market.
The United States and China are expected to remain prominent markets for organo-modified bentonite during the forecast period. Together, these two countries are expected to account for more than 47% of the market share in 2023.
The significant presence of key industries such as foundry and oil and gas in both countries is fueling organo-modified bentonite demand.
| Country | United States |
|---|---|
| Market Share (2023) | 28.7% |
| Market Share (2033) | 29.1% |
| BPS Analysis | +40 |
| Country | China |
|---|---|
| Market Share (2023) | 18.7% |
| Market Share (2033) | 21.4% |
| BPS Analysis | +270 |
| Country | Russia |
|---|---|
| Market Share (2023) | 4.7% |
| Market Share (2033) | 4.6% |
| BPS Analysis | -10 |
| Country | India |
|---|---|
| Market Share (2023) | 7.0% |
| Market Share (2033) | 7.7% |
| BPS Analysis | +70 |
| Country | Japan |
|---|---|
| Market Share (2023) | 4.0% |
| Market Share (2033) | 3.7% |
| BPS Analysis | -30 |
Rising Demand from Oil & Gas Industry Propelling Organo-modified Bentonite Sales in the USA
According to Future Market Insight, the United States holds a dominant share of 91.4% in the North America organo-modified bentonite market, while also accounting for nearly 1.5th of the market volume share in the region.
This growth is primarily attributable to rising demand for organo-modified bentonite from the oil and gas industry. The United States has become one of the largest sources of technically recoverable shale gas and the second-largest tight oil reserves across the globe.
According to the U.S. Energy Information Administration (EIA), total natural gas production reached a high of 93.57 billion cubic feet per day (Bcf/day) in 2021.
Subsequently, with increased adoption of cost-effective drilling and production technologies, total crude oil production in the United States reached a record high of 12.29 million barrels per day.
Hence, robust expansion of the oil and gas industry and rising exploration and production activities will continue to propel organo-modified bentonite demand across the USA through 2033.
Further, significant increase in investments in Brownfield and Greenfield projects will positively influence organo-modified bentonite sales over the next ten years.
Growing Usage of Organo-modified Bentonite Across Diverse Industries Boosting Market in China
China is estimated to hold a significant share of 79% of the East Asia organo-modified bentonite market in 2023 and is expected to expand significantly over the forecast period.
Increasing population, rapid urbanization and industrialization, and growing need for organo-modified bentonite in various industries are a few key prominent factors augmenting the demand for organo-modified bentonite in the country.
In recent years, there has been significant growth in industries, such as paints and coatings, cement, cosmetics, and oil and gas across China. This in turn has bolstered organic-modified bentonite sales in the country and the trend is expected to continue during the assessment period.
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Drilling Fluid Application to Create Lucrative Growth Prospects for Organo-modified Bentonite
Based on application, the global market for organo-modified bentonite is segmented into drilling fluid, clarification agent, nucleating agent, binder, absorbent or adsorbent, and others.
Drilling fluid application of organo-modified bentonite is a key revenue generation segment and is anticipated to dominate the global market, accounting for nearly 27% of the market by 2033.
Organo-modified bentonite is widely used in drilling fluids across the oil and gas industry for viscosity control to help in the carry cuttings from the bottom of wells to the surface. It is also used for filtration control.
With the robust growth of oil and gas industry, organo-modified bentonite demand in drilling fluid application is forecast to rise at a healthy pace during the next ten years.
Oil & Gas Industry to Generate Maximum Revenue for Organo-modified Bentonite Manufacturers
According to Future Market Insights, oil and gas segment holds a significant share of the global organo-modified bentonite market and is projected to expand at a CAGR of 6.9% during the forecast period.
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. Organo-Modified bentonite is used in the drilling fluid and flush fluid to lubricate and cool the cutting tools while protecting against corrosion.
Key manufacturers of organo-modified bentonite are focusing on research and development activities for developing products, using different quaternary ammonium salts for different applications. Besides this, they are employing strategies such as facility expansions, partnerships, collaborations, mergers, joint ventures, and mergers to stay ahead of the competition.
Recent Developments:
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 271.8 million |
| Projected Market Size (2033) | USD 501.3 million |
| Anticipated Growth Rate | 6.3% CAGR |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million, Volume in Tons, and CAGR from 2023 to 2033 |
| Market Segments Covered | Application, End User, Region |
| Regions Covered | North America; Latin America; East Asia; South Asia and the Pacific; Europe; Middle East and Africa |
| Key Countries Covered | United States, Canada, Mexico, Brazil, China, Japan, South Korea, India, Association of South East Asian Nations, Germany, France, Italy, Spain, BENELUX, United Kingdom, Russia, The Gulf Cooperation Council Countries, Türkiye, South Africa |
| Key Companies Profiled | Elementis Plc; Schlumberger Limited; Laviosa Minerals Srl; Lamberti S.p.A; ZHEJIANG HUATE GROUP; Unitech Chemicals (Zibo) Ltd.; zhejiang camp-shinning new material co. ltd; Manek Group; Zhejiang Anji Tianlong Organic Bentonite Co. Ltd.; Zhejiang Qinghong New Material Co. Ltd.; Changxing Guangda New Materials Co., Ltd.; Mineral Technologies Inc.; Clariant AG; Kunimine Industries Co., Ltd.; CB CHRYSTAL; Alfa Aesar; Kutch Minerals Limited; Ashapura Group |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
The global organo-modified bentonite market is presently valued at USD 271.8 million in 2023.
The global organo-modified bentonite market is likely to exhibit a 6.3% CAGR and value USD 501.3 million by 2033.
The organo-modified bentonite market is witnessing an increased adoption in applications like paints, coatings, and drilling fluids.
Oil and gas, foundry, paints and coatings, textile, water treatment, cement, and cosmetics industries utilize organo-modified bentonite.
Given its robust manufacturing and construction sectors, the United States is one of the primary consumers of organo-modified bentonite.
1. Executive Summary | Organo-modified Bentonite Market 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 6. Global Market - Pricing Analysis 7. Global Market Demand (in Value or Size in USD Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 8. Market Background 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application 9.1. Drilling Fluid 9.2. Clarification Agent 9.3. Nucleating Agent 9.4. Binder 9.5. Absorbent or Adsorbent 9.6. Others 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by End User 10.1. Oil and Gas 10.2. Foundry 10.3. Paints and Coatings 10.4. Textile 10.5. Water Treatment 10.6. Cement 10.7. Cosmetics 10.8. Lubricants and Greases 10.9. Coal Briquette 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. Middle East and Africa 11.5. East Asia 11.6. South Asia and Pacific 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Country Wise Market Analysis 2023 to 2033 19. Market Structure Analysis 20. Competition Analysis 20.1. Elementis Plc 20.2. Schlumberger Limited 20.3. Laviosa Minerals Srl 20.4. Lamberti S.p.A 20.5. ZHEJIANG HUATE GROUP 20.6. Unitech Chemicals(Zibo) Ltd. 20.7. Zhejiang Camp-shinning New Material Co. Ltd 20.8. Manek Group 20.9. Zhejiang Anji Tianlong Organic Bentonite Co. Ltd. 20.10. Zhejiang Qinghong New Material Co. Ltd. 20.11. Changxing Guangda New Materials Co., Ltd. 20.12. Mineral Technologies Inc. 20.13. Clariant AG 20.14. Kunimine Industries Co., Ltd. 20.15. CB CHRYSTAL 20.16. Alfa Aesar 20.17. Kutch Minerals Limited 20.18. Ashapura Group 21. Primary Survey Analysis 22. Assumptions and Acronyms Used 23. Research Methodology
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Organo-modified Bentonite Market
