Smectite Clays Market Size, Share, Growth, and Industy Analysis, By Type (Sodium Bentonite and Calcium Bentonite), By Application (Molding Sands, Iron Ore Pelletizing, Pet Litter, Drilling Mud, Civil Engineering, Agriculture and Other), Regional Forecast To 2031

Updated On: 08 April 2024

Smectite Clays Market REPORT OVERVIEW

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The global smectite clays market size was USD 1363 million in 2022. As per our research, the market is projected to touch USD 2350.69 million by 2031, exhibiting a CAGR of 5.6% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the smectite clays market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Smectite clay is a type of clay minerals that have a three-layer crystalline structure, one alumina and two silica layers which shows a common property of hydrational swelling when left exposed to water. Most popular examples are montmorillonite, beidellite, and nontronite. Montmorillonite is quite famous smectite clay mineral to those working in drilling and drilling fluids. Nontronite is yet another prominent member of smectite group of clay minerals. Unlike Montmorillonite, Nontronite has very few mineral deposits. All are dioctahedral, but varies in the configuration of the tetrahedral and octahedral sheets.

Smectite is commonly a primary constituent of bentonite. Temperate-region soils are abundant in smectite minerals and so this soil tends to be very effective at offsetting most of the organic and inorganic pollutants because of the high surface area and adsorptive properties of the smectites. Smectites shrink upon exposure to air and swell upon exposure to water. Substantial volumes of Sodium(Na) smectites are used in manufacturing of numerous industrial, chemical and consumer products whereas generous quantities of Calcium-magnesium(Ca-Mg) smectites are used in iron foundries, agricultural industries and for filtering and decolorization of various types of oils.

COVID-19 Impact: Disruption in Product Supply Causes Market Distortion

The coronavirus pandemic had been a major set up for chemical and advanced materials industries. As the dark cloud of fear and chaos rose high above our heads not only our daily activities were severely affected but, the industrial and trading sectors have also had devastating impacts. Work chains and supply chain were forcibly compelled to come to a cease which halted market growth. As a result, coronavirus upsurge led market to face terrible challenges. Even the workers were forced to be removed to cut expenditure. However, chemical and advanced material industries did experience boost in market sales after 2021. Although, post coronavirus period proved to be a little advantageous for the market economy. As chemicals having disinfectant properties and immunity boosting properties were high on demand which led to steep rise in market sales.

LATEST TRENDS

"Increase in Demand for Advanced Chemicals Promotes Market Development"

New technologies and gadgets are being introduce to the world every day, and so to the industry sectors in order to make everyone’s life a bit more comfortable. With the use of these modern techniques, several chemicals and advanced materials can be made which yields amazing results. Thus, uplifting market growth.  

Smectite Clays Market SEGMENTATION

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• Based on Type

The market categorizes into Sodium Bentonite and Calcium Bentonite

• By Application

The market categorizes into Molding Sands, Iron Ore Pelletizing, Pet Litter, Drilling Mud, Civil Engineering, Agriculture and Other.

DRIVING FACTORS

"Digitalization to Promote Market Progression"

The combination of latest and hi-tech technology and present chemical compounds have yielded note-worthy results and have significantly satisfied consumers worldwide. Besides, the fresh technology have enabled industry researchers to create more advance products that are bound to increase market sales.

"Increase in Demand of Chemicals Enhances Market Growth"

After the COVID-19 hit, people are increasing being dependent on chemicals and advanced materials that makes life safer and comfortable. Chemicals having disinfectant and immunity boosting properties are so much in demand leading to a substantial rise in chemical based industries.

RESTRAINING FACTORS

"Increase in Environmental Concern Debilitates the Market Augmentation"

In order to meet the ever-growing demands of people from every region across the world there has been non-judicious use of resources thus, gravely effecting our nature. In addition, excessive use of chemicals have had harsh effects on the environment. But, since there’s been an increase in environmental concerns more and more people are switching to cleaner, environmental friendly products and boycotting all the toxic one’s, hindering market advancement.

Smectite Clays Market REGIONAL INSIGHTS

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"Asia Pacific to dominate the market owing to rich mineral reserves"

Asia Pacific region to dominate the market because it has rich mineral reserves and relatively relaxed environmental policies therefore, the world's leading lead chemical manufacturers are located in China and India. Moreover, this region has an excellent network with rest of the world promoting chances for attracting more consumers and customers which leads to market upgradation. Likewise, this region can easily afford to provide the required number of workers, that too at a very low price, as this region is densely populated.

KEY INDUSTRY PLAYERS

"Key market players to emphasis on product enhancement "

The prominent market players have decided to steer their focus and knowledge towards product enhancement which helps in further market growth. This will be done by integrating new technologies and modern equipment with regular work system. By achieving this, market can easily stay up to date with present consumer demands which leads to fortification of these company-consumer links worldwide. Also, expansion of market is yet another chief target for the key industry players.

List of Market Players Profiled

• Minerals Technologies (Amcol) (U.S.)
• Bentonite Performance Minerals LLC (BPM) (U.S.)
• Wyo-Ben Inc (U.S.)
• Black Hills Bentonite (U.S.)
• Tolsa Group (Spain)
• Imerys (S&B) (France)
• Clariant (Switzerland)
• Bentonite Company LLC (Russia)
• Laviosa Minerals SpA (Italy)
• LKAB Minerals (Netherlands)
• Ashapura (India)
• Star Bentonite Group (India)
• Kunimine Industries (Japan)
• Huawei Bentonite (China)
• Fenghong New Material (China)
• Chang’an Renheng (China)
• Liufangzi Bentonite (China)
• Bentonit União (Brazil)
• Castiglioni Pes y Cia (Argentina)
• Canbensan (Turkey)
• Aydın Bentonit (Turkey)
• KarBen (Turkey)
• G & W Mineral Resources (South Africa)
• Ningcheng Tianyu (China)
• Elementis (U.K.)

REPORT COVERAGE

This report presents an extensive analysis done within the forecast period regarding various aspects of the market. Current market status and market competition landscape have also been briefly but effectively covered by this report. All the other important driving, restraining factors that play a key role for the market economy across the world have also been deeply studied and represented. Moreover, this market report promises to give focused insights on the latest trends, consumer requirements, current strategies and tactics implemented by the market. This report also comprises of detailed analysis of the prominent manufacturers worldwide and their market agenda and initiatives for the market growth in near future.