Organoclay Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Organoclay Market Size and Forecasts (2021 - 2031), Global and Regional Growth Opportunity Analysis, and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPRE00025575
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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MARKET ANALYSIS

Organoclay is a type of clay material known as organophilic or organically modified clay. Organoclays are clay minerals that have been chemically treated or modified with organic compounds, typically quaternary ammonium salts. This modification alters the surface properties of the clay, making it compatible with organic solvents and enhancing its performance in various applications. Organoclay is widely used as rheological additives and thickeners in various industries, including paint & coatings, adhesives, sealants, oil & gas drilling fluids, and personal care products. They provide improved viscosity control, suspension, and stability properties to the formulations they are incorporated into.

GROWTH DRIVERS AND CHALLENGES

The demand for organoclays is growing in various end-used industries due to their unique properties and benefits. The oil & gas industry utilizes organoclays in drilling fluids and wellbore stability applications. Organoclays help to control fluid viscosity, enhance drilling efficiency, and prevent fluid losses during drilling operations. The expanding oil & gas exploration and production activities worldwide are driving the demand for organoclays in oil & gas industry. According to International Labour Organization (ILO), in 2020, the oil industry alone accounted for 3% of the global domestic product and trade in crude oil valued at US$ 640 billion, making it one of the world’s most traded commodities. In addition, organoclays are used in various construction materials such as grouts, mortars, and cementitious systems. They improve the thixotropy, workability, and stability of these materials, ensuring better performance and durability. In November 2021, the US government approved a US$ 1.2 trillion infrastructure bill as an aid to federal investments in a wide range of infrastructure projects; this is expected to generate the demand for construction services, equipment, and materials. As a result, construction spending is expected to increase by 5.5% in 2023. The growing construction and infrastructure activities worldwide contribute to the increasing demand for organoclays in the building & construction industry. However, there are alternative rheological additives and thickeners available in the market that can offer similar functionalities to organoclays. Synthetic polymers, associative thickeners, and other types of clay-based additives can provide similar performance characteristics in certain applications. The availability of these alternatives can limit the growth potential of organoclays in some industries.

REPORT SEGMENTATION AND SCOPE

The "Global Organoclay Market Analysis to 2030" is a specialized and in-depth study with a major focus on the global organoclay market trends and growth opportunities. The report aims to provide an overview of the global organoclay market with detailed market segmentation by type, application, and geography. The global organoclay market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of organoclay worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the organoclay market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the organoclay market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative organoclay market opportunities that would, in turn, aid in identifying the major revenue pockets.

Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global organoclay market, which helps understand the entire supply chain and various factors affecting the organoclay market growth.

SEGMENTAL ANALYSIS

The global organoclay market is segmented on the basis of type and application. Based on type, the organoclay market is segmented as, water-based and solvent-based. The organoclay market is categorized on the basis of application into, paints & coatings, drilling fluids, greases & lubricants, adhesives & sealants, and others.

Based on type, the water-based type accounted for a significant organoclay market share which can be attributed to its popularity across the globe and ease of use. Water-based organoclays are a type of organoclays that is designed to be compatible with water-based systems, such as waterborne coating, adhesives, and other aqueous formulations. Solvent-based segment has been growing due to specific performance advantages that make them desirable in certain applications. The ability to maintain viscosity and prevent setting or sagging is crucial in industries such as coatings, adhesives, and inks, where optimal performance is required. Based on application, paints & coatings accounted for a significant organoclay market share. Organoclay additives are used to enhance the rheological properties of paints & coatings, such as viscosity control, sag resistance, and improved pigment suspension. Greases & lubricants has also been gaining immense popularity across the globe. Organoclays are used as thickeners and viscosity modifiers in grease and lubricant formulations. They improve the viscosity index and provide shear stability, which helps maintain consistent lubricating performance over a wide range of temperatures and operating conditions. Organoclays also contribute to better load-carrying capacity, reducing friction and wear between moving parts.

REGIONAL ANALYSIS

The report provides a detailed overview of the global organoclay market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia Pacific is estimated to account for a significant organoclay market share globally. Several factors have contributed to the increased demand for organoclay in the Asia Pacific region. The rapid industrialization and urbanization in countries like China, India, and Southeast Asian national have led to a surge in construction activities, which require materials like organoclay for application such as paints, coatings, and adhesives. North America is also expected to witness considerable growth, due to well established industrial base with a strong presence of key end-use industries such as paints & coatings, adhesives, cosmetics, and oil & gas. These industries are significant consumers of organoclay, driving the demand in the region.

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

Partnership, acquisitions and new product launches were found to be the major strategies adopted by the players operating in the global organoclay market.

In March, 2023, Elementis launched two new sustainable ingredients Bentone Hydroclay 700 and Bentone Plus Glow for skin care product manufacturing. Elementis’ organoclay technology enables skin care product manufacturers to create products with better textures and diverse sensorial properties, and it also helps to develop solutions for a full range of skin care and color cosmetics needs.

In February, 2020, BYK inaugurated its newest production and research facility in Gonzales, Texas. The flexible manufacturing facility produces high-quality organoclays and GARAMITE additives. These products are specialty rheological additives that bring important benefits to customers around the world and in a wide range of applications.

IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

The covid-19 pandemic led to a decline in the progress of many industries across the globe. The pandemic led to disruption in global supply chain, including the transportation and logistics of raw materials and finished goods. This disruption affected the availability of organoclay and caused delay in production and delivery, thereby impacting the organoclay market growth. Amines, the raw material used to produce organoclay, can also be used to produce disinfectant hand sanitizers, which led to shortage and increase in prices.  Moreover, during the pandemic many industries faced shutdowns, restrictions, and reduced operations to comply with safety measures and lockdowns. Industries such as construction, automotive, and oil & gas experienced decline in demand and production, which in turn affect the organoclay market growth. However, as economies are recovering from the impact of pandemic, industrial activities were resumed and gradually returning to pre-pandemic levels. This will drive the demand for organoclay in different end use industries. As the global oil & gas sector recovers from the impact of pandemic, exploration and production activities were also resumed and are gradually increasing. Therefore, the organoclay market has recovered quite well from the aftermath of the pandemic and is expected to grow over the coming years.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Some of the key players operating in the organoclay market include, Minerals Technologies Inc.; Elementis Plc; Azelis Americas, LLC; Bentonite Performance Minerals; Unitech Chemicals Zibo Co.,Ltd.; RPminerals; Weifang Huawei Bentonite Group; Camp-Shinning; Zhejiang Yuhong New Materials Co., Ltd.; Laviosa Chimica Mineraria SpA; Cutch Oil & Allied Industries Pvt. Ltd.; Wego Chemical Group; Ashahi Chemical Industries Pvt Ltd; Schlumberger Limited; Ashapura Group; and ALINA TM, among others.


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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Organoclay Market - By Application
1.3.2 Organoclay Market - By Region
1.3.2.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. ORGANOCLAY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS

5. ORGANOCLAY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. ORGANOCLAY MARKET - GLOBAL MARKET ANALYSIS
6.1. ORGANOCLAY - GLOBAL MARKET OVERVIEW
6.2. ORGANOCLAY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. ORGANOCLAY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. OIL-BASED DRILLING FLUIDS
7.3.1. Overview
7.3.2. Oil-based Drilling Fluids Market Forecast and Analysis
7.4. PAINTS AND COATINGS
7.4.1. Overview
7.4.2. Paints and Coatings Market Forecast and Analysis
7.5. GREASE AND LUBRICANTS
7.5.1. Overview
7.5.2. Grease and Lubricants Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis

8. ORGANOCLAY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1 North America Organoclay Market Overview
8.1.2 North America Organoclay Market Forecasts and Analysis
8.1.3 North America Organoclay Market Forecasts and Analysis - By Application
8.1.4 North America Organoclay Market Forecasts and Analysis - By Countries
8.1.4.1 United States Organoclay Market
8.1.4.1.1 United States Organoclay Market by Application
8.1.4.2 Canada Organoclay Market
8.1.4.2.1 Canada Organoclay Market by Application
8.1.4.3 Mexico Organoclay Market
8.1.4.3.1 Mexico Organoclay Market by Application
8.2. EUROPE
8.2.1 Europe Organoclay Market Overview
8.2.2 Europe Organoclay Market Forecasts and Analysis
8.2.3 Europe Organoclay Market Forecasts and Analysis - By Application
8.2.4 Europe Organoclay Market Forecasts and Analysis - By Countries
8.2.4.1 Germany Organoclay Market
8.2.4.1.1 Germany Organoclay Market by Application
8.2.4.2 France Organoclay Market
8.2.4.2.1 France Organoclay Market by Application
8.2.4.3 Italy Organoclay Market
8.2.4.3.1 Italy Organoclay Market by Application
8.2.4.4 United Kingdom Organoclay Market
8.2.4.4.1 United Kingdom Organoclay Market by Application
8.2.4.5 Russia Organoclay Market
8.2.4.5.1 Russia Organoclay Market by Application
8.2.4.6 Rest of Europe Organoclay Market
8.2.4.6.1 Rest of Europe Organoclay Market by Application
8.3. ASIA-PACIFIC
8.3.1 Asia-Pacific Organoclay Market Overview
8.3.2 Asia-Pacific Organoclay Market Forecasts and Analysis
8.3.3 Asia-Pacific Organoclay Market Forecasts and Analysis - By Application
8.3.4 Asia-Pacific Organoclay Market Forecasts and Analysis - By Countries
8.3.4.1 Australia Organoclay Market
8.3.4.1.1 Australia Organoclay Market by Application
8.3.4.2 China Organoclay Market
8.3.4.2.1 China Organoclay Market by Application
8.3.4.3 India Organoclay Market
8.3.4.3.1 India Organoclay Market by Application
8.3.4.4 Japan Organoclay Market
8.3.4.4.1 Japan Organoclay Market by Application
8.3.4.5 South Korea Organoclay Market
8.3.4.5.1 South Korea Organoclay Market by Application
8.3.4.6 Rest of Asia-Pacific Organoclay Market
8.3.4.6.1 Rest of Asia-Pacific Organoclay Market by Application
8.4. MIDDLE EAST AND AFRICA
8.4.1 Middle East and Africa Organoclay Market Overview
8.4.2 Middle East and Africa Organoclay Market Forecasts and Analysis
8.4.3 Middle East and Africa Organoclay Market Forecasts and Analysis - By Application
8.4.4 Middle East and Africa Organoclay Market Forecasts and Analysis - By Countries
8.4.4.1 South Africa Organoclay Market
8.4.4.1.1 South Africa Organoclay Market by Application
8.4.4.2 Saudi Arabia Organoclay Market
8.4.4.2.1 Saudi Arabia Organoclay Market by Application
8.4.4.3 U.A.E Organoclay Market
8.4.4.3.1 U.A.E Organoclay Market by Application
8.4.4.4 Rest of Middle East and Africa Organoclay Market
8.4.4.4.1 Rest of Middle East and Africa Organoclay Market by Application
8.5. SOUTH AND CENTRAL AMERICA
8.5.1 South and Central America Organoclay Market Overview
8.5.2 South and Central America Organoclay Market Forecasts and Analysis
8.5.3 South and Central America Organoclay Market Forecasts and Analysis - By Application
8.5.4 South and Central America Organoclay Market Forecasts and Analysis - By Countries
8.5.4.1 Brazil Organoclay Market
8.5.4.1.1 Brazil Organoclay Market by Application
8.5.4.2 Argentina Organoclay Market
8.5.4.2.1 Argentina Organoclay Market by Application
8.5.4.3 Rest of South and Central America Organoclay Market
8.5.4.3.1 Rest of South and Central America Organoclay Market by Application

9. INDUSTRY LANDSCAPE
9.1. MERGERS AND ACQUISITIONS
9.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
9.3. NEW PRODUCT LAUNCHES
9.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

10. ORGANOCLAY MARKET, KEY COMPANY PROFILES
10.1. AMRFEO PRIVATE LIMITED
10.1.1. Key Facts
10.1.2. Business Description
10.1.3. Products and Services
10.1.4. Financial Overview
10.1.5. SWOT Analysis
10.1.6. Key Developments
10.2. BYK
10.2.1. Key Facts
10.2.2. Business Description
10.2.3. Products and Services
10.2.4. Financial Overview
10.2.5. SWOT Analysis
10.2.6. Key Developments
10.3. CAMP-SHINNING
10.3.1. Key Facts
10.3.2. Business Description
10.3.3. Products and Services
10.3.4. Financial Overview
10.3.5. SWOT Analysis
10.3.6. Key Developments
10.4. CETCO (MTI)
10.4.1. Key Facts
10.4.2. Business Description
10.4.3. Products and Services
10.4.4. Financial Overview
10.4.5. SWOT Analysis
10.4.6. Key Developments
10.5. ELEMENTIS
10.5.1. Key Facts
10.5.2. Business Description
10.5.3. Products and Services
10.5.4. Financial Overview
10.5.5. SWOT Analysis
10.5.6. Key Developments
10.6. LAVIOSA
10.6.1. Key Facts
10.6.2. Business Description
10.6.3. Products and Services
10.6.4. Financial Overview
10.6.5. SWOT Analysis
10.6.6. Key Developments
10.7. MI-SWACO
10.7.1. Key Facts
10.7.2. Business Description
10.7.3. Products and Services
10.7.4. Financial Overview
10.7.5. SWOT Analysis
10.7.6. Key Developments
10.8. TOLSA
10.8.1. Key Facts
10.8.2. Business Description
10.8.3. Products and Services
10.8.4. Financial Overview
10.8.5. SWOT Analysis
10.8.6. Key Developments
10.9. UNITECH CHEMICALS (ZIBO)
10.9.1. Key Facts
10.9.2. Business Description
10.9.3. Products and Services
10.9.4. Financial Overview
10.9.5. SWOT Analysis
10.9.6. Key Developments
10.10. ZHEJIANG HUATE INDUSTRY GROUP
10.10.1. Key Facts
10.10.2. Business Description
10.10.3. Products and Services
10.10.4. Financial Overview
10.10.5. SWOT Analysis
10.10.6. Key Developments

11. APPENDIX
11.1. ABOUT THE INSIGHT PARTNERS
11.2. GLOSSARY OF TERMS

The List of Companies

1. Amrfeo Private Limited
2. BYK
3. Camp-Shinning
4. CETCO (MTI)
5. Elementis
6. Laviosa
7. MI-SWACO
8. Tolsa
9. Unitech Chemicals (Zibo)
10. Zhejiang Huate Industry Group

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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