Bentonite Global Market Report 2024

The bentonite market size has grown rapidly in recent years. It will grow from $8.7 billion in 2023 to $9.92 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. Historical growth in the bentonite industry can be attributed to several key factors. These include the growth within the foundry and metal casting industry, the application of bentonite in civil engineering and construction, expansion in the oil and gas well drilling sector, utilization within agricultural and environmental applications, its role in the paper and pulp industry, and its widespread adoption in drilling fluids across various industries.

The bentonite market size is expected to see rapidly grown in the next few years. It will grow to $15.75 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%. Anticipated growth in the forecast period for bentonite is expected to be driven by several factors. These include the development of infrastructure in emerging markets, a heightened utilization in the foundry industry, an increased demand for pelletized fertilizers, advancements in geosynthetic clay liners, and a growing application in water treatment processes.

The expansion witnessed in the bentonite market primarily stems from heightened sales in rapidly developing nations like China and India, attributed to the upsurge in disposable income and increased accessibility to credit. Disposable income, denoting the funds available after tax deductions for individuals or households, influences spending and savings. Notably, China experienced a notable rise in Disposable Personal Income, climbing from 43834 CNY in 2020 to 47412 CNY in 2021, as per data from China's Bureau of Statistics. This surge in disposable income significantly fuels the growth trajectory of the Bentonite market.

Anticipated growth in the bentonite market is strongly propelled by the upswing in infrastructure development. The versatile applications of bentonite across construction, civil engineering, waterproofing, tunneling, waste containment, and various other sectors render it indispensable in ensuring project durability, stability, and environmental compliance. Notably, substantial investments in infrastructure expansion globally, such as the $12.04 billion (A$17.9 billion) earmarked for significant projects in Australia's 2022-23 government budget, including extensive allocations for road and rail initiatives, signify a robust surge in demand for bentonite. The estimated total investment of over $146.72 billion (A$218 billion) in major public infrastructure between 2021 and 2025 further solidifies this trend, thus propelling the bentonite market's growth. Key players within the bentonite market are actively innovating new solutions to maintain their market standing. An instance of this proactive approach emerged in July 2022 when Clariant AG, a Switzerland-based chemicals company, unveiled a groundbreaking bentonite solution tailored for enhancing safety and operational efficiency in pipeline network construction across China. Part of the Bentonil series, this product boasts exceptional waterproofing and functional properties. It plays a pivotal role in preventing borehole collapse during horizontal directional drilling, provides effective lubrication and support in pipe jacking construction, and ensures the integrity of ultra-deep underground diaphragm walls, even in challenging geological conditions, thereby upholding construction quality standards.

Major companies operating in the bentonite market report are Wyo-Ben Inc., Huawei Bentonite, American Colloid Company, Ashapura Group of Companies, Cimbar Performance Minerals, Minerals Technologies Inc., Imerys S.A., Clariant International Ltd., Bentonite Performance Minerals LLC, Çanbensan Bentonite, NCC AB, Black Hills Bentonite, Kemira OYJ, Charles B Chrystal Co. Inc., Alfa Aesar, Kutch Minerals, Kunimine Industries Co. Ltd., MidPoint Chemicals Company, Volclay International, Amsyn Inc., Atharv Chemicals and Fertilizers Pvt Ltd., Triveni Chemicals, Kalpana Chemicals, Neelkanth Finechem LLP, Vitrag Chemicals Pvt Ltd., Fenghong New Material Co. Ltd., Taiko Group.

Asia-Pacific was the largest region in the bentonite market in 2023.the regions covered in the bentonite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.

The countries covered in the bentonite market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The bentonite market includes revenues earned by entities by providing mining for bentonites such as Calcium carbonate bentonite, calcium citrate bentonite, calcium gluconatebentonite, and sodium chlorate bentonite. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

Bentonite is classified into main types including sodium, calcium, and other diverse variations. Sodium, in this context, refers to a silver-white, soft, waxy, and ductile element belonging to the alkali metal group. It is abundantly found in nature in combined forms and exhibits high chemical activity.the applications of bentonite encompass diverse uses such as foundry sands, iron ore pelletizing, pet litter, drilling mud, civil engineering projects, and refining processes. The mining methods employed for bentonite extraction include both underground and surface mining techniques.

The bentonite market research report is one of a series of new reports provides bentonite market statistics, including bentonite global industry, regional shares, competitors with a bentonite market share, detailed bentonite global market segments, market trends and opportunities, and any further data you may need to thrive in the bentonite industry. This bentonite global market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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