Press release
Bentonite Market Size, Share And Growth Report Analysis2024 To 2033
Bentonite Market
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%. The growth in the forecast period can be attributed to infrastructure development in emerging markets, increasing use in the foundry industry, rise in demand for pelletized fertilizers, advancements in geosynthetic clay liners, growing use in water treatment applications. Major trends in the forecast period include innovations in drilling fluid formulations, focus on sustainable bentonite mining practices, rise in bentonite-based nanocomposites, increased application in the energy storage industry, digitalization of supply chain and logistics.
Market Overview -
Bentonite is the process of mining bentonite that is used externally as a clay poultice, mud pack, or in bath and, skin care products.
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Rising Disposable Income In Rapidly Developing Countries Fueling Bentonite Market Growth
The growth in the bentonite market is due to an increase in sales in rapidly developing countries such as China and India owing to rising disposable income, and increasing demand for, and availability of credit. Disposable income refers to the amount of money that an individual or household has to spend or save after income taxes have been deducted. Bentonite is used in chemical, rubber, insecticide & pesticide industries and in civil construction works. For instance, in 2021, according to the Bureau of Statistics of China, a China-based Government agency data, Disposable Personal Income in China increased to 47412 CNY 2021 from 43834 CNY in 2020. Therefore, the rising disposable income is driving the growth of the Bentonite market.
Competitive Landscape -
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
Innovative Geosynthetic Clay Liners Transforming Bentonite Market
Companies engaged in the bentonite industry are using advanced geosynthetic clay liners to prevent leakage and corrosion in mining operations, which is one of the major trends witnessed in the global bentonite market.
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Key Segments -
The bentonite market covered in this report is segmented -
1) By Type: Sodium, Calcium, and Other Types - Bentonite
2) By Mining Type: Underground Mining, Surface Mining
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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