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Bentonite Market Growth From USD 1.89 Billion in 2023 to USD 3.26 Billion by 2030, at an Impressive CAGR of 8.1%

12-19-2024 08:31 AM CET | Chemicals & Materials

Press release from: MAXIMIZE MARKET RESEARCH PVT.LTD

Bentonite Market

Bentonite Market

๐๐ž๐ง๐ญ๐จ๐ง๐ข๐ญ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐จ๐ข๐ฌ๐ž๐ ๐Ÿ๐จ๐ซ ๐’๐ข๐ ๐ง๐ข๐Ÿ๐ข๐œ๐š๐ง๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก

The global bentonite market is experiencing substantial expansion, driven by its versatile applications across various industries. Valued at approximately USD 1.89 billion in 2023, the market is projected to reach nearly USD 3.26 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.1% during the forecast period.

๐๐ž๐ง๐ญ๐จ๐ง๐ข๐ญ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

Bentonite, primarily composed of montmorillonite, is renowned for its swelling, water absorption, viscosity, and thixotropy properties. These characteristics make it indispensable in sectors such as oil and gas, construction, foundry and metal casting, civil engineering, cosmetics, pharmaceuticals, and environmental applications.

๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/25076/

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐š๐ง๐ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

๐๐ž๐ง๐ญ๐จ๐ง๐ข๐ญ๐ž ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's construction and infrastructure sectors are expanding rapidly, increasing the demand for bentonite in civil engineering applications. The country's focus on sustainable development has led to the adoption of bentonite for environmental protection measures, such as landfill liners and groundwater barriers. Recent collaborations between local construction firms and international bentonite suppliers aim to enhance the quality and efficiency of infrastructure projects.

๐๐ž๐ง๐ญ๐จ๐ง๐ข๐ญ๐ž ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand's oil and gas industry utilizes bentonite extensively in drilling muds to lubricate and cool drilling equipment. The government's investment in energy exploration has boosted the demand for high-quality bentonite. Notably, ๐ˆ๐ฆ๐ž๐ซ๐ฒ๐ฌ, a leading bentonite producer, has strengthened its presence in Thailand through strategic partnerships with local distributors to meet the growing industry needs.

๐๐ž๐ง๐ญ๐จ๐ง๐ข๐ญ๐ž ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan's advanced technology sector incorporates bentonite in various applications, including cosmetics and pharmaceuticals. The country's emphasis on product quality and safety has led to increased research into bentonite's properties. ๐‚๐ฅ๐š๐ซ๐ข๐š๐ง๐ญ ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐‹๐ญ๐. has been at the forefront, collaborating with Japanese firms to develop innovative bentonite-based solutions tailored to the market's specific requirements.

๐๐ž๐ง๐ญ๐จ๐ง๐ข๐ญ๐ž ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea's burgeoning construction industry has led to a surge in bentonite usage for tunneling and foundation works. The government's infrastructure development plans have attracted international bentonite suppliers. ๐Œ๐ข๐ง๐ž๐ซ๐š๐ฅ๐ฌ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐ž๐ฌ ๐ˆ๐ง๐œ. recently announced a joint venture with a South Korean construction conglomerate to establish a local bentonite processing facility, aiming to streamline supply chains and reduce costs.

๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/25076/

๐๐ž๐ง๐ญ๐จ๐ง๐ข๐ญ๐ž ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore's commitment to environmental sustainability has increased the use of bentonite in waste management and water treatment facilities. The city-state's stringent environmental regulations have prompted industries to adopt bentonite-based solutions for pollution control. ๐€๐ฌ๐ก๐š๐ฉ๐ฎ๐ซ๐š ๐†๐ซ๐จ๐ฎ๐ฉ, a prominent bentonite exporter, has expanded its operations in Singapore, providing customized products to meet the nation's environmental standards.

๐๐ž๐ง๐ญ๐จ๐ง๐ข๐ญ๐ž ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ

The United States remains a significant player in the global bentonite market, with extensive natural reserves and advanced processing technologies. The oil and gas sector's resurgence has driven demand for bentonite in drilling applications. ๐–๐ฒ๐จ-๐๐ž๐ง ๐ˆ๐ง๐œ. has recently invested in expanding its production facilities to cater to the increasing domestic and international demand, reinforcing its market position.

๐๐ž๐ง๐ญ๐จ๐ง๐ข๐ญ๐ž ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe's diverse industrial landscape sees bentonite applications ranging from foundry sands to cat litter products. The region's focus on sustainable and eco-friendly products has spurred innovation in bentonite-based solutions. ๐’&๐ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐š๐ฅ ๐Œ๐ข๐ง๐ž๐ซ๐š๐ฅ๐ฌ, a European leader in bentonite production, has been actively involved in research and development to introduce products that meet the EU's environmental directives.

๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/25076/

๐๐ž๐ง๐ญ๐จ๐ง๐ข๐ญ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐š๐ง๐ญ๐š๐ญ๐ข๐จ๐ง

๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐“๐ฒ๐ฉ๐ž

Sodium Bentonite
Calcium Bentonite
Sulphur Bentonite

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Foundry Sands
Cat Litter
Iron Ore Pelletizing
Refining
Drilling Muds
Civil Engineering

๐›๐ฒ ๐„๐ง๐ ๐”๐ฌ๐ž

Pharmaceuticals
Construction
Oil & gas
Food and Beverages
Others

๐…๐จ๐ซ ๐š ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐จ๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ, ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐:https://www.maximizemarketresearch.com/market-report/global-bentonite-market/25076/

๐๐ž๐ง๐ญ๐จ๐ง๐ข๐ญ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

1. Black Hills Bentonite - Wyoming, USA
2. Halliburton Co. - Texas, USA
3. Kemira OYJ - Helsinki, Finland
4. Charles B Chrystal Co. Inc. - New York, USA
5. Mineral Technologies Inc. - Pennsylvania, USA
6. Clariant AG - Muttenz, Switzerland
7. Alfa Aesar - Massachusetts, USA
8. Kutch Minerals - Gujarat, India
9. Kunimine Industries Co. Ltd. - Tokyo, Japan
10. Ashapura Group of Companies - Mumbai, India
11. Wyo-Ben Inc. - Montana, USA
12. AMCOL International - Illinois, USA
13. MidPoint Chemicals Company - Georgia, USA
14. M-I SWACO - Texas, USA
15. Volclay International - Mississippi, USA
16. Cimbar - Georgia, USA
17. Amsyn Inc. - New Jersey, USA

๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐–๐ก๐š๐ญ'๐ฌ ๐“๐ซ๐ž๐ง๐๐ข๐ง๐ :

โ™ฆ Global Surgical Glue Market https://www.maximizemarketresearch.com/market-report/global-surgical-glue-market/28962/

โ™ฆ Global Synthetic Aggregates Market https://www.maximizemarketresearch.com/market-report/global-synthetic-aggregates-market/72228/

โ™ฆ Global Tackifier Market https://www.maximizemarketresearch.com/market-report/global-tackifier-market/27433/

โ™ฆ Global Tattoo Ink Market https://www.maximizemarketresearch.com/market-report/global-tattoo-ink-market/27167/

โ™ฆ Global Technical Foam Market https://www.maximizemarketresearch.com/market-report/global-technical-foam-market/96416/

โ™ฆ Global Tembotrione Market https://www.maximizemarketresearch.com/market-report/global-tembotrione-market/55892/

โ™ฆ Global Terephthaloyl Chloride Market https://www.maximizemarketresearch.com/market-report/global-terephthaloyl-chloride-market/84167/

โ™ฆ Global Tert Butanol Market https://www.maximizemarketresearch.com/market-report/global-tert-butanol-market/62632/

โ™ฆ Global Textile Chemical Market https://www.maximizemarketresearch.com/market-report/global-textile-chemical-market/16123/

โ™ฆ Global Textile Felt Market https://www.maximizemarketresearch.com/market-report/global-textile-felt-market/111170/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

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sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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