Market Overview:
The global bentonite for drilling fluid market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. Bentonite for drilling fluid is used as a viscosifier and lubricant in the oil & gas industry. It helps to reduce the friction between the drill bit and the rock formation, which results in an increase in drilling speed and reduced wear on equipment. The use of bentonite also helps to stabilize drilled formations, control well pressure, and remove cuttings from the borehole. The sodium bentonite clays segment is expected to account for a major share of the global market during 2018-2030 owing to its high water absorption capacity and low cost.
Product Definition:
Bentonite is a clay mineral formed from volcanic ash that has been altered by the addition of water. It is named for the Fort Benton Formation in Wyoming. Bentonite swells when it absorbs water, making it an effective sealing agent and lubricant. It also helps to suspend drill cuttings and other solids while drilling, preventing them from settling in the well bore and clogging the hole.
Sodium Bentonite Clays:
Sodium bentonite clay is a highly hydrated kaolin clay, which has been sodium-bentonite treated to improve its drilling fluidity. It is also called as California bentonite or San Francisco bentonite. The product finds application in oil well cementing and can be used with any water based drilling fluid including synthetic muds and gel packs.
The U.S., Canada, China, Argentina, Brazil and the U.
Calcium Bentonite Clays:
Calcium bentonite clays are the minerals composed of hydroxide and carbonate, which occurs in several colors including red, yellow, green and white. It is a highly water-soluble compound that exhibits plasticizing properties when dry. The product is used as an additive to drilling fluids for enabling them to remain suspended in oil & gas wells during extraction operations.
Application Insights:
Onshore application led the global bentonite for drilling fluids market in 2017, owing to rising demand from onshore oil and gas operations. Drilling mud is primarily used in onshore applications as it helps carry solids cut by the drill bit back to the surface. The use of bentonite clays helps reduce fluid loss due to permeability reduction and increases wellbore stability by reducing permeability.
Off shore application is expected register a significant CAGR of XX% over the forecast period owing to increasing demand from deepwater exploration activities across various regions including Latin America, Asia Pacific and Middle East & Africa.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of oil rigs which use drilling fluids, especially calcium bentonite clay for enhanced oil recovery. Calcium bentonite is an excellent choice for onshore applications as it provides high lubricity and reduces formational weight, resulting in improved flow rate of drilling fluid through wellbores.
North America accounted for a significant share owing to growing offshore activities in U.S.
Growth Factors:
- Increasing demand for oil and gas due to rising population and industrialization
- Development of new drilling technologies that require bentonite for enhanced performance
- Rising investment in exploration and production activities across the globe
- Growing use of bentonite in hydraulic fracturing to improve well productivity
- Stringent environmental regulations mandating the use of bentonite-based drilling fluids
Scope Of The Report
Report Attributes
Report Details
Report Title
Bentonite for Drilling Fluid Market Research Report
By Type
Sodium Bentonite Clays, Calcium Bentonite Clays
By Application
On Shore, Off Shore
By Companies
Wyo-Ben Inc, Minerals Technologies(Amcol), Bentonite Performance Minerals LLC (BPM), Black Hills Bentonite, Tolsa Group, Clariant, Bentonite Company LLC (Russia), Laviosa Minerals SpA, Ashapura, Star Bentonite Group, Kunimine Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Bentonite for Drilling Fluid Market Report Segments:
The global Bentonite for Drilling Fluid market is segmented on the basis of:
Types
Sodium Bentonite Clays, Calcium Bentonite Clays
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
On Shore, Off Shore
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Wyo-Ben Inc
- Minerals Technologies(Amcol)
- Bentonite Performance Minerals LLC (BPM)
- Black Hills Bentonite
- Tolsa Group
- Clariant
- Bentonite Company LLC (Russia)
- Laviosa Minerals SpA
- Ashapura
- Star Bentonite Group
- Kunimine Industries
Highlights of The Bentonite for Drilling Fluid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sodium Bentonite Clays
- Calcium Bentonite Clays
- By Application:
- On Shore
- Off Shore
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bentonite for Drilling Fluid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bentonite is a clay mineral that has been used as a drilling fluid for many years. Bentonite is effective at reducing friction and wear in the drill bit, which helps to increase drilling speed and efficiency.
Some of the major companies in the bentonite for drilling fluid market are Wyo-Ben Inc, Minerals Technologies(Amcol), Bentonite Performance Minerals LLC (BPM), Black Hills Bentonite, Tolsa Group, Clariant, Bentonite Company LLC (Russia), Laviosa Minerals SpA, Ashapura, Star Bentonite Group, Kunimine Industries.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bentonite for Drilling Fluid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bentonite for Drilling Fluid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bentonite for Drilling Fluid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bentonite for Drilling Fluid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bentonite for Drilling Fluid Market Size & Forecast, 2020-2028
4.5.1 Bentonite for Drilling Fluid Market Size and Y-o-Y Growth
4.5.2 Bentonite for Drilling Fluid Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Sodium Bentonite Clays
5.2.2 Calcium Bentonite Clays
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 On Shore
6.2.2 Off Shore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bentonite for Drilling Fluid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bentonite for Drilling Fluid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Sodium Bentonite Clays
9.6.2 Calcium Bentonite Clays
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 On Shore
9.10.2 Off Shore
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Sodium Bentonite Clays
10.6.2 Calcium Bentonite Clays
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 On Shore
10.10.2 Off Shore
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Sodium Bentonite Clays
11.6.2 Calcium Bentonite Clays
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 On Shore
11.10.2 Off Shore
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Sodium Bentonite Clays
12.6.2 Calcium Bentonite Clays
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 On Shore
12.10.2 Off Shore
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Sodium Bentonite Clays
13.6.2 Calcium Bentonite Clays
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 On Shore
13.10.2 Off Shore
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bentonite for Drilling Fluid Market: Competitive Dashboard
14.2 Global Bentonite for Drilling Fluid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wyo-Ben Inc
14.3.2 Minerals Technologies(Amcol)
14.3.3 Bentonite Performance Minerals LLC (BPM)
14.3.4 Black Hills Bentonite
14.3.5 Tolsa Group
14.3.6 Clariant
14.3.7 Bentonite Company LLC (Russia)
14.3.8 Laviosa Minerals SpA
14.3.9 Ashapura
14.3.10 Star Bentonite Group
14.3.11 Kunimine Industries
