Press release
Evolving Market Drivers In The Bentonite Industry: Rising Disposable Income In Rapidly Developing Countries Fueling Bentonite Market Growth
Bentonite
What Is the Expected Bentonite Market Size During the Forecast Period?
The bentonite market has experienced rapid growth in recent years. It is expected to expand from $10.05 billion in 2024 to $11.44 billion in 2025 at a compound annual growth rate (CAGR) of 13.9%. This growth can be attributed to the development of the foundry and metal casting industries, the rise in civil engineering and construction applications, the expansion of oil and gas well drilling, the increasing use in agriculture and environmental applications, its adoption in paper and pulp industries, and its widespread use in drilling fluids.
The bentonite market is expected to increase significantly, reaching $17.12 billion by 2029 at a CAGR of 10.6%. Growth stems from infrastructure in emerging regions, foundry applications, fertilizer production, geosynthetic liners, and water treatment needs. Trends feature improved drilling fluids, responsible mining, nanocomposite usage, energy storage applications, and digital logistics systems.
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What Are the High-Growth Segments in the Bentonite Market?
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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What Key Drivers Are Expected to Influence Future Bentonite Market Growth?
The bentonite market is expanding due to increased demand in rapidly developing economies such as China and India, driven by growing disposable incomes and credit availability. Bentonite sees applications in sectors like chemicals, rubber, construction, and pesticides. Supporting this, the UK's Office of National Statistics reported in 2023 a rise in disposable income inequality to 35.5% in 2022 from 34.4% in 2021, suggesting more spending capacity that fuels this market.
Which Companies Hold the Largest Share Across Different Bentonite Market Segments?
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
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What Are the Emerging Geographies for The Bentonite Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Bentonite Market?
2. What is the CAGR expected in the Bentonite Market?
3. What Are the Key Innovations Transforming the Bentonite Industry?
4. Which Region Is Leading the Bentonite Market?
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