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Bentonite Market Set for 8.1% CAGR Through 2030

Bentonite Market

Bentonite Market

๐๐ž๐ง๐ญ๐จ๐ง๐ข๐ญ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐‘๐ž๐š๐œ๐ก ๐”๐’๐ƒ ๐Ÿ‘.๐Ÿ๐Ÿ” ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐ŸŽ

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.

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, 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.

๐“๐จ ๐๐ž๐ฅ๐ฏ๐ž ๐๐ž๐ž๐ฉ๐ž๐ซ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก, ๐ฉ๐ฅ๐ž๐š๐ฌ๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ ๐ญ๐ก๐ข๐ฌ 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ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ

๐˜ฝ๐™š๐™ฃ๐™ฉ๐™ค๐™ฃ๐™ž๐™ฉ๐™š ๐™ˆ๐™–๐™ง๐™ ๐™š๐™ฉ ๐™Š๐™ฅ๐™ฅ๐™ค๐™ง๐™ฉ๐™ช๐™ฃ๐™ž๐™ฉ๐™ž๐™š๐™จ ๐™ž๐™ฃ ๐™‘๐™ž๐™š๐™ฉ๐™ฃ๐™–๐™ข:

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.

๐˜ฝ๐™š๐™ฃ๐™ฉ๐™ค๐™ฃ๐™ž๐™ฉ๐™š ๐™ˆ๐™–๐™ง๐™ ๐™š๐™ฉ ๐™‚๐™ง๐™ค๐™ฌ๐™ฉ๐™ ๐™ž๐™ฃ ๐™๐™๐™–๐™ž๐™ก๐™–๐™ฃ๐™™:

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.

๐˜ฝ๐™š๐™ฃ๐™ฉ๐™ค๐™ฃ๐™ž๐™ฉ๐™š ๐™ˆ๐™–๐™ง๐™ ๐™š๐™ฉ ๐˜พ๐™ค๐™ฃ๐™จ๐™ช๐™ข๐™ฅ๐™ฉ๐™ž๐™ค๐™ฃ ๐™๐™ง๐™š๐™ฃ๐™™๐™จ ๐™ž๐™ฃ ๐™…๐™–๐™ฅ๐™–๐™ฃ:

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.

๐˜ฝ๐™š๐™ฃ๐™ฉ๐™ค๐™ฃ๐™ž๐™ฉ๐™š ๐™„๐™ฃ๐™™๐™ช๐™จ๐™ฉ๐™ง๐™ฎ ๐™Š๐™ฅ๐™ฅ๐™ค๐™ง๐™ฉ๐™ช๐™ฃ๐™ž๐™ฉ๐™ž๐™š๐™จ ๐™ž๐™ฃ ๐™Ž๐™ค๐™ช๐™ฉ๐™ ๐™†๐™ค๐™ง๐™š๐™–:

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.

๐˜ฝ๐™š๐™ฃ๐™ฉ๐™ค๐™ฃ๐™ž๐™ฉ๐™š ๐™ˆ๐™–๐™ง๐™ ๐™š๐™ฉ ๐™๐™ง๐™š๐™ฃ๐™™๐™จ ๐™ž๐™ฃ ๐™Ž๐™ž๐™ฃ๐™œ๐™–๐™ฅ๐™ค๐™ง๐™š:

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.

๐˜ฝ๐™š๐™ฃ๐™ฉ๐™ค๐™ฃ๐™ž๐™ฉ๐™š ๐™ˆ๐™–๐™ง๐™ ๐™š๐™ฉ ๐˜พ๐™ค๐™ฃ๐™จ๐™ค๐™ก๐™ž๐™™๐™–๐™ฉ๐™ž๐™ค๐™ฃ ๐™ž๐™ฃ ๐™๐™ฃ๐™ž๐™ฉ๐™š๐™™ ๐™Ž๐™ฉ๐™–๐™ฉ๐™š๐™จ:

The United States remains a dominant player in the global bentonite market, with significant production and export activities. In October 2020, 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. acquired ๐“๐ซ๐ข-๐’๐ญ๐š๐ญ๐ž ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง, enhancing its market presence and operational capabilities.

๐˜ฝ๐™š๐™ฃ๐™ฉ๐™ค๐™ฃ๐™ž๐™ฉ๐™š ๐™„๐™ฃ๐™™๐™ช๐™จ๐™ฉ๐™ง๐™ฎ ๐™๐™ฅ๐™™๐™–๐™ฉ๐™š๐™จ ๐™ž๐™ฃ ๐™€๐™ช๐™ง๐™ค๐™ฅ๐™š:

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.

๐„๐ฑ๐œ๐ข๐ญ๐ž๐ ๐ญ๐จ ๐๐ข๐ฏ๐ž ๐ข๐ง? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฎ๐ง๐œ๐จ๐ฏ๐ž๐ซ ๐ข๐ญ๐ฌ ๐œ๐จ๐ง๐ญ๐ž๐ง๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/25076/

๐Š๐ž๐ฒ ๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

In October 2020, 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. acquired ๐“๐ซ๐ข-๐’๐ญ๐š๐ญ๐ž ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง, 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.
๐๐ž๐ง๐ญ๐จ๐ง๐ข๐ญ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

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

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 .โ€‹โ€‹โ€‹ 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 .โ€‹โ€‹โ€‹โ€‹โ€‹โ€‹ Often referred to as the "mineral of a thousand uses ," sodium bentonite plays a crucial role in several essential applications .

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

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 .โ€‹โ€‹โ€‹โ€‹โ€‹โ€‹ 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 .โ€‹โ€‹โ€‹โ€‹โ€‹โ€‹

๐–๐š๐ง๐ญ ๐š ๐œ๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ? ๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐ฌ๐ฎ๐ฆ๐ฆ๐š๐ซ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/117548/

๐๐ž๐ง๐ญ๐จ๐ง๐ข๐ญ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Œ๐š๐ฃ๐จ๐ซ 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ฏ๐ž ๐ข๐ง๐ญ๐จ ๐๐จ๐ฉ๐ฎ๐ฅ๐š๐ซ ๐ƒ๐ข๐ฌ๐œ๐ฎ๐ฌ๐ฌ๐ข๐จ๐ง๐ฌ:

Global 5G Fixed Wireless Access Market https://www.maximizemarketresearch.com/market-report/global-5g-fixed-wireless-access-market/26925/

WLAN Market https://www.maximizemarketresearch.com/market-report/global-wlan-market/54503/

Car Safety Market https://www.maximizemarketresearch.com/market-report/global-car-safety-market/34303/

Inductor Market https://www.maximizemarketresearch.com/market-report/global-inductor-market/24598/

Data Pipeline Tools Market https://www.maximizemarketresearch.com/market-report/data-pipeline-tools-market/182934/

Global Oral Thin Films Market https://www.maximizemarketresearch.com/market-report/global-oral-thin-films-market/36409/

Shea Butter Market https://www.maximizemarketresearch.com/market-report/global-shea-butter-market/23770/

visual-effects-vfx-market https://www.maximizemarketresearch.com/market-report/visual-effects-vfx-market-global-market/148265/

India Cloud Infrastructure as a Service (IaaS) Market https://www.maximizemarketresearch.com/market-report/india-cloud-infrastructure-as-a-service-iaas-market/44086/

3D Concrete Printing Market https://www.maximizemarketresearch.com/market-report/global-3d-concrete-printing-market/28437/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

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