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Organo Modified Bentonite Market Growth Pursuant to Oil & Gas Industry Recovery, Growth in Water Treatment Applications: FMI

Post-pandemic exploration projects resumption to widen existing revenue pools, stimulating growth

Dubai, United Arab Emirates - March 17, 2021 /MarketersMedia/

Future Market Insights, Dubai: The global organo modified bentonite market is expected to post comparatively higher gains through 2021, as key end-use industries emerge from the recessionary impacts induced by the coronavirus pandemic across 2020. Cessation of key oil & gas exploration projects significantly weighed down expansion prospects throughout the previous year.

As per FMI’s analysis, the organo modified bentonite posted modest gains in the historical period, expanding at a CAGR of nearly 3% until 2020. A largely sluggish hydrocarbon industry in the first half of 2019, followed by a temporary resurgence in the fourth quarter, and the subsequent deceleration in 2020 were primarily responsible for this inhibited trajectory. Likewise, natural gas production fell by 4% in 2020, according to the International Energy Agency.

Fortunately, prospects appear healthy across 2021, with world oil demand set to expand by 5.4 mb/d to reach 96.4 mb/d, exhibiting a recovery of 60% in volume terms. Hence, demand for organo-modified bentonite is set to aggrandize. In addition, surging demand for potable water is expected to sustain elevated growth, as global water shortage is poised to reach 40% by 2030, according to a United Nations’ report, fostering significant water treatment infrastructure development.

“The organo modified bentonite landscape is characterized by the presence of numerous regional level manufacturers with highly lucrative market shares. Hence, global level players are forging strong partnerships to deepen their presence,” says the FMI analyst.

Request a report sample with 200 pages to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-13031

Key Takeaways from FMI’s Organo Modified Bentonite Market Study

Adsorbent/Absorbent applications to account for nearly one out of five deployments
Water treatment to emerge as one of the fastest expanding end-use domains through 2031
Over 9 out of 10 organo-bentonite sales shall occur in the US across North America, backed by a robust oil & gas industry
UK to experience increased sales amid a flourishing industrial paints and coatings industry
Germany to account for a substantial share in organo-bentonite, attributed to the presence of large reserves
High presence of local manufacturers to boost organo-modified bentonite sales across China
Heightened demand across the foundry and oil & gas industries is stimulating demand in the Russian and Mexican markets

Organo Modifies Bentonite Market- Prominent Drivers

Heightened demand for environmentally friendly alternatives to accelerate growth prospects
New opportunity frontiers across the pharmaceuticals, personal care and water treatment are heightening expansion prospects
Demand for more effective petroleum adsorption fractions is increasing the scope for organo modified bentonite applications

Organo Modified Bentonite Market- Key Restraints

Restricted global supply attributed to curbs on bentonite mining due to perceived depletion may hinder expansion prospects
Presence of lead is expected to restrain uptake, attributed to its perceived adverse impacts on the human body

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Competitive Landscape

Elementis, BYK, Laviosa, MI-Swaco, HuaTe Corp., Lamberti, Tolsa, Camp Shining, Unitech Chemicals (Zibo), Zhejiang Anji Tianlong Organic Bentonite Co. Ltd., Manek Group, Changxing Guangda New Materials Co. Ltd., and Zhejiang Qinghong New Material Co. Ltd. are some prominent organo modified bentonite manufacturers profiled by FMI’s report. Key expansion strategies include forging long-term collaborations with prospective end-users, acquisition of small and medium scale manufacturers and new product launches.

Zhejiang Anji Tianlong is a prominent organo-modified bentonite manufacturer. Presently, the company produces a broad range of organo-bentonite for rheological additives. Some of its products include the BT-818, BT-828, BT-838, and BT-827 grade bentonite respectively.

Similarly, Zhejiang Qinghong New Material Co. Ltd. manufactures the 801-B organic bentonite rheological additive. It is a thickening, anti-sinkable, anti-sagging and thixotropy additive, suitable for usage in all solvent paint and coatings, sealing compounds, cast coatings and grease among other applications. 

More Insights on FMI’s Organo Modified Bentonite Market

Future Market Insights has published a market research report on the organo-modified bentonite market that contains global industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the organo-modified bentonite market through three different segments- application, end use and region. The organo-modified bentonite market report further provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market along with a detailed overview of the parent market.

Download Methodology of this Report @ https://www.futuremarketinsights.com/askus/rep-gb-13031

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Info:
Name: Abhishek Budholiya
Email: Send Email
Organization: Future Market Insights
Website: https://www.futuremarketinsights.com/reports/organo-modified-bentonite-market

Source URL: https://marketersmedia.com/organo-modified-bentonite-market-growth-pursuant-to-oil-gas-industry-recovery-growth-in-water-treatment-applications-fmi/89001394

Source: MarketersMedia

Release ID: 89001394

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