Press release
Bentonite Market Set for 8.1% CAGR Through 2030
Bentonite Market
The global bentonite market, valued at USD 1.89 billion in 2023, is anticipated to grow at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2030, reaching approximately USD 3.26 billion.
๐๐๐ง๐ญ๐จ๐ง๐ข๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
Bentonite, a versatile clay composed primarily of montmorillonite, is renowned for its swelling, water absorption, viscosity, and thixotropy properties. These characteristics make it indispensable across various industries, including oil and gas, construction, foundry, and environmental applications.
๐๐จ ๐๐๐ฅ๐ฏ๐ ๐๐๐๐ฉ๐๐ซ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก, ๐ฉ๐ฅ๐๐๐ฌ๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ ๐ญ๐ก๐ข๐ฌ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/25076/
๐๐๐ง๐ญ๐จ๐ง๐ข๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐ฝ๐๐ฃ๐ฉ๐ค๐ฃ๐๐ฉ๐ ๐๐๐ง๐ ๐๐ฉ ๐๐ฅ๐ฅ๐ค๐ง๐ฉ๐ช๐ฃ๐๐ฉ๐๐๐จ ๐๐ฃ ๐๐๐๐ฉ๐ฃ๐๐ข:
Vietnam's bentonite market is experiencing growth, driven by increasing demand in the construction and oil drilling sectors. The country's expanding infrastructure projects and energy exploration activities present significant opportunities for bentonite utilization.
๐ฝ๐๐ฃ๐ฉ๐ค๐ฃ๐๐ฉ๐ ๐๐๐ง๐ ๐๐ฉ ๐๐ง๐ค๐ฌ๐ฉ๐ ๐๐ฃ ๐๐๐๐๐ก๐๐ฃ๐:
In Thailand, the bentonite market has shown notable expansion, with the market size reaching $30 million in 2023, a 7.5% increase from the previous year. This growth is attributed to rising applications in agriculture, drilling fluids, and civil engineering.
๐ฝ๐๐ฃ๐ฉ๐ค๐ฃ๐๐ฉ๐ ๐๐๐ง๐ ๐๐ฉ ๐พ๐ค๐ฃ๐จ๐ช๐ข๐ฅ๐ฉ๐๐ค๐ฃ ๐๐ง๐๐ฃ๐๐จ ๐๐ฃ ๐ ๐๐ฅ๐๐ฃ:
Japan's bentonite market is characterized by steady demand, particularly in the steel and casting industries. The country's advanced manufacturing sector continues to utilize bentonite for its binding and absorbent properties.
๐ฝ๐๐ฃ๐ฉ๐ค๐ฃ๐๐ฉ๐ ๐๐ฃ๐๐ช๐จ๐ฉ๐ง๐ฎ ๐๐ฅ๐ฅ๐ค๐ง๐ฉ๐ช๐ฃ๐๐ฉ๐๐๐จ ๐๐ฃ ๐๐ค๐ช๐ฉ๐ ๐๐ค๐ง๐๐:
South Korea's bentonite industry is poised for growth, supported by applications in cosmetics, pharmaceuticals, and construction. The nation's focus on technological advancements and product innovation drives the demand for high-quality bentonite products.
๐ฝ๐๐ฃ๐ฉ๐ค๐ฃ๐๐ฉ๐ ๐๐๐ง๐ ๐๐ฉ ๐๐ง๐๐ฃ๐๐จ ๐๐ฃ ๐๐๐ฃ๐๐๐ฅ๐ค๐ง๐:
Singapore serves as a strategic hub for bentonite trade within the Asia-Pacific region. The country's robust logistics infrastructure facilitates the import and re-export of bentonite, catering to diverse industrial needs across neighboring countries.
๐ฝ๐๐ฃ๐ฉ๐ค๐ฃ๐๐ฉ๐ ๐๐๐ง๐ ๐๐ฉ ๐พ๐ค๐ฃ๐จ๐ค๐ก๐๐๐๐ฉ๐๐ค๐ฃ ๐๐ฃ ๐๐ฃ๐๐ฉ๐๐ ๐๐ฉ๐๐ฉ๐๐จ:
The United States remains a dominant player in the global bentonite market, with significant production and export activities. In October 2020, ๐๐ข๐ง๐๐ซ๐๐ฅ๐ฌ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐ง๐. acquired ๐๐ซ๐ข-๐๐ญ๐๐ญ๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง, enhancing its market presence and operational capabilities.
๐ฝ๐๐ฃ๐ฉ๐ค๐ฃ๐๐ฉ๐ ๐๐ฃ๐๐ช๐จ๐ฉ๐ง๐ฎ ๐๐ฅ๐๐๐ฉ๐๐จ ๐๐ฃ ๐๐ช๐ง๐ค๐ฅ๐:
Europe's bentonite market is adapting to stringent environmental regulations, leading to increased demand for sustainable and eco-friendly bentonite products. The region's focus on green construction and waste management practices propels the market forward.
๐๐ฑ๐๐ข๐ญ๐๐ ๐ญ๐จ ๐๐ข๐ฏ๐ ๐ข๐ง? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฎ๐ง๐๐จ๐ฏ๐๐ซ ๐ข๐ญ๐ฌ ๐๐จ๐ง๐ญ๐๐ง๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/25076/
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
In October 2020, ๐๐ข๐ง๐๐ซ๐๐ฅ๐ฌ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐ง๐. acquired ๐๐ซ๐ข-๐๐ญ๐๐ญ๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง, aiming to expand its bentonite production capacity and strengthen its market position.
The Thai bentonite market expanded notably to $30 million in 2023, increasing by 7.5% against the previous year, reflecting growing consumption in various industrial applications.
๐๐๐ง๐ญ๐จ๐ง๐ข๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐
Sodium Bentonite
Calcium Bentonite
Sulphur Bentonite
Depending on the type of product, Based on market segments , the market is divided into Sodium Bentonite , Calcium Bentonite and Sulphur Bentonite . Sodium bentonite is expected to dominate the bentonite market during the forecast period .โโโ Sodium bentonite is highly sought after due to its versatility and effectiveness . Sodium bentonite is a clay mineral known for its exceptional ability to absorb water and swell quickly , making it an essential component for waterproofing in various industries .โโโโโโ Often referred to as the "mineral of a thousand uses ," sodium bentonite plays a crucial role in several essential applications .
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Foundry Sands
Cat Litter
Iron Ore Pelletizing
Refining
Drilling Muds
Civil Engineering
๐๐ฒ ๐๐ง๐ ๐๐ฌ๐
Pharmaceuticals
Construction
Oil & gas
Food and Beverages
Others
The commercial value of bentonite is based on its physicochemical characteristics rather than its chemical composition . It offers exceptional plasticity , high lubricity , high dry tensile strength , very high resistance to torsion and compressibility .โโโโโโ This characteristic makes bentonite a viable commercial choice for various construction applications , which is driving the global demand for Bentonite in the market . It plays a vital role in fixing foundry sand , distilling sand for the energy industry and gold industry , and acts as a repairing and closing agent in civil engineering works .โโโโโโ
๐๐๐ง๐ญ ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ? ๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐ฌ๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/117548/
๐๐๐ง๐ญ๐จ๐ง๐ข๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฃ๐จ๐ซ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
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
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