Global Bentonite Market 2017-2021 with Ashapura, Cimbar Performance Minerals, IMERYS, Mineral Technologies & Wyo-Ben Dominating - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Bentonite Market 2017-2021" report to their offering.

The global bentonite market to grow at a CAGR of 2.09% during the period 2017-2021.

Global Bentonite Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, technological advances in drilling technologies have revolutionized the oil and gas industry, and have enabled access to the most remote locations, unconventional formations, deep-water regions, and even the arctic. Such developments have played a key role in driving the consumption of bentonite for drilling. Horizontal drilling, coupled with hydraulic fracturing, has unlocked the unconventional potential of several regions such as the shale gas boom in North America and new discoveries in the offshore regions of Europe and Africa.

In North America, horizontal drilling rigs constitute the largest share of the overall rig count, with 78%, whereas directional and vertical rigs account only for 11%, as of June 2015. Horizontal drilling allows the operator to drill long, lateral wells at sections of wellbores to access the entire reservoir. The growing adoption of lateral drilling techniques is estimated to boost the demand for bentonite, as it facilitates drilling of new reservoirs.

These new drilling technologies also include hydraulic fracturing, which involves pumping water into underground reservoir rocks at high pressure to create fractures in the formation.

Market Dynamics

Market drivers

  • Horizontal drilling: An innovation in oil and gas extraction
  • Pet humanization: An uplifting concept in US and Europe
  • India and China: Steel intensive markets

Market challenges

  • Competition from organic binders
  • Declining oil drilling activities
  • Challenges with edible sodium bentonite

Market trends

  • Organically modified bentonites: Increased use in geosynthetic clay liner system
  • Compacted sodium bentonite as backfill in radioactive waste repositories
  • Bentonite usage developments

Key vendors

  • Ashapura
  • Cimbar Performance Minerals
  • IMERYS
  • Mineral Technologies
  • Wyo-Ben

Other prominent vendors

  • American Bentonite International (ABI)
  • Bentonite Performance Minerals
  • HI-TECH MINERALS & CHEMICALS
  • Kutch Minerals
  • MidPoint Chemicals Company

For more information about this report visit http://www.researchandmarkets.com/research/fpsd99/global_bentonite

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Clay and Porcelain

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Clay and Porcelain