is projected to grow at a CAGR of 4.8% from 2018-2023. Bentonite plays an essential role in the consumer, healthcare, agriculture, cleaners & detergents, and personal care industries. It is primarily used in applications such as foundry sands, cat litter, iron ore pelletizing, refining, drilling muds, and civil engineering, and so on. Foundry sands are the largest segment accounted for more than 30% of global volume in 2017. Due to the increase in demand for bentonite in foundry molds for the metal casting of brake drums, manhole covers, engine blocks, brass water fittings, cast iron pans, and transmission housing. Moreover, the product supports in maintaining the mechanical shape of a mold by building the surface resistant.
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Bentonite Market (2018 - 2023)”
The total number of filed patents from 2015 till date in the Bentonite category is 33,653, out of which 4,282 patents have been. The patent filing activity had increased exponentially from 3,548 patents in 2015 to 11,772 patents in 2017. The total number of patents filed in the Bentonite category from January 2018 till date is 9,932. The U.S. filed a total of 13,814 patent applications in the Bentonite category from 2015 till date, followed by China with 9,323 patents. The total number of patents filed in other parts of the world is 6,829.
BASF SE, headquartered in Ludwigshafen, Germany, has filed a total of 542 patents in the Bentonite category from 2015 till date. Out of these, 55 filed patents have been granted. The company is presently conducting R&D activities on calcium bentonite, the methods of usage of copolymers as binders for pelletizing metal containing ore high-payload granules containing a Sulfosuccinate Surfactant and a Polycarboxylic Acid and many other bentonite compounds. It is expected that the company would file for more patents than the previous years during the forecast period 2018–2023.
Procter & Gamble, a company headquartered in Cincinnati, Ohio, the U.S., has filed a total of 475 patents in the Bentonite category from 2017 till date. Out of these, 84 patents have been granted. The company has filed 147 patents from January 2018 till date. The company is presently conducting R&D activities on bentonite particles Including enzyme; various methods for purifying contaminated polyethylene; and various types of bentonites. It is expected that Procter & Gamble will gradually file for more patents during the forecast period 2018–2023.
DOW Agro science LLC, a company headquartered in Indianapolis, IN has filed a total of 454 patents in the Bentonite category from 2017 till date. Out of these, 97 patents have been granted. The company has filed 129 patent applications from January 2018 till date. This company is presently conducting R&D activities on calcium, sulphur bentonite, calcium carbonate, magnesium hydroxide, and so on. It is expected that the DOW AGROSCIENCES LLC., will file for more patent applications than the previous years during the forecast period 2018–2023.
There are no known patent infringement issues related to the Bentonite segment in recent years. There is an increase in awareness about health, nutrition and food safety around the world. Bentonite is mainly used in organic medicines and in foundry sands, cat litters, iron pre pelletizing, refining, drilling muds, civil engineering, and in the rubber industry. Many food safety measures in developing countries and emphasis on processed food are also driving the market for Bentonite. It is expected that the number of patent filings in the Bentonite segment will be more than the previous years during the forecast period 2018–2023.
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