Press release
Key Influencer in the Bentonite Market 2025: Rising Disposable Income In Rapidly Developing Countries Fueling Bentonite Market Growth Driver
Bentonite Market Size
In the past few years, the market size for bentonite has expanded significantly. It is projected that its growth will continue, escalating from a market value of $10.05 billion in 2024 to $11.44 billion in 2025, with an impressive compound annual growth rate (CAGR) of 13.9%. Several factors have contributed to this historical growth. Some of these include an expansion in the foundry and metal casting industry, the usage in civil engineering and construction fields, the increased drilling in oil and gas wells, applications in agriculture and environment, the utilization in the paper and pulp industry, and its ubiquitous use in drilling fluids.
In the coming years, the bentonite market is poised for accelerated growth, with projections pointing at a value of $17.12 billion by 2029, riding on a compound annual growth rate (CAGR) of 10.6%. This surge during the forecast period can be associated with infrastructure expansion in emerging markets, widespread usage in the foundry business, growing demand for pelletized fertilizers, implementation of advanced geosynthetic clay liners, along with mounting use in water treatment procedures. Key trends during the prediction period will encompass inventive drilling fluid formulations, emphasis on eco-friendly bentonite mining operations, rising bentonite-based nanocomposites, greater usage in the energy storage sector, and the digital transformation of supply chain and logistical processes.
What Factors Are Propelling the Expansion of the Bentonite Market?
The bentonite market's enlargement is attributed to heightened sales in rapidly advancing nations like China and India, largely due to an increasing disposable income, and a surge in demand and credit accessibility. This disposable income is the money that remains for an individual or a household to spend or save after subtracting income taxes. Bentonite finds extensive usage in the chemical, rubber, insecticide & pesticide sectors, and civil construction undertakings. As an example, in 2023, the Office of National Statistics, an executive office situated in the UK, published an article demonstrating an increase in disposable income inequality to 35.5% in the financial year ending (FYE) 2022, up from 34.4% in FYE 2021. Consequently, the increasing disposable income is propelling the Bentonite market's growth.
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Which Businesses Are at the Forefront of Bentonite Market Development?
Major companies operating in the bentonite market include 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, 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
How Is the Bentonite Market Segmented?
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
Subsegments:
1) By Sodium Bentonite: Gel-Type Sodium Bentonite, Granular Sodium Bentonite, Powdered Sodium Bentonite
2) By Calcium Bentonite: Gel-Type Calcium Bentonite, Granular Calcium Bentonite, Powdered Calcium Bentonite
3) By Other Types - Bentonite: Potassium Bentonite, Magnesium Bentonite, Activated Bentonite, Organophilic Bentonite
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Where Is the Bentonite Market Growth Most Prominent?
The countries covered in the bentonite market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
What Is Covered In The Bentonite Global Market Report?
- Market Size Analysis: Analyze the Bentonite Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Bentonite Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Bentonite Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Bentonite Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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