Press release
2025-2034 Bentonite Market Roadmap: Insights for Competitive Advantage
Bentonite Market
How Large Will the Bentonite Market Size By 2025?
The bentonite market has experienced rapid growth in the past few years. The market, which was pegged at $6.98 billion in 2024, is expected to expand to $8.04 billion in 2025, with a compound annual growth rate (CAGR) of 15.2%. The reason behind this significant growth during the historic period can be traced back to various factors such as the expansion of the foundry and metal casting industry, increased applications in civil engineering and construction, growth in oil and gas well drilling, use in agricultural and environmental applications, the paper and pulp industry, and its extensive use in drilling fluids.
How Big Is the Bentonite Market Size Expected to Grow by 2029?
In the forthcoming years, a swift expansion is projected for the bentonite market, with an estimated worth of $13.55 billion by 2029, growing at a compound annual growth rate (CAGR) of 13.9%. The market's growth over the projected period is believed to stem from infrastructural developments in burgeoning markets, its escalating usage in the foundry sector, increased demand for pelletized fertilizers, improvements in geosynthetic clay liners, and its expanding application in water treatment procedures. Noteworthy trends during the forecast period encompass innovation in drilling fluid formulations, an emphasis on environmentally-friendly bentonite mining procedures, the emergence of nanocomposites based on bentonite, enhanced usage in the energy storage sector, and the digitalisation of supply chain and logistics.
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Which Key Market Drivers Powering Bentonite Market Expansion and Growth?
The expansion of the bentonite market is driven by increased sales in fast-growing nations like China and India, thanks to higher disposable incomes and the greater demand for and accessibility of credit. Disposable income is defined as the sum of money left for spending or saving after deducting income taxes for an individual or household. Bentonite's applications span across the chemical, rubber, insecticide and pesticide industries, and civil construction activities. For instance, the Office of National Statistics reported in 2023 that the disparity in disposable income in the UK rose to 35.5% in the financial year ending (FYE) 2022, up from 34.4% in FYE 2021. Hence, the increasing disposable income plays a significant role in propelling the Bentonite market's growth.
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Which Emerging Trends Are Transforming the Bentonite Market in 2025?
Leading corporations in the bentonite market are innovating new bentonite solutions to maintain their influence in the industry. For instance, in July 2022, Clariant AG, a chemical company based in Switzerland, introduced a novel bentonite solution aimed at improving safety and operational efficiency in pipeline network construction within China. The product is a part of the Bentonil mud product range and is noted for its superior waterproofing and effective functions. It safeguards against borehole collapse during horizontal directional drilling, provides efficient lubrication and stability during pipe jacking construction, and defends ultra-deep subterranean diaphragm walls, guaranteeing high-quality construction even under tough geological circumstances.
What Are the Emerging 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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Who Are the Global Leaders in the Bentonite Market?
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
Which are the Top Profitable Regional Markets for the Bentonite Industry?
Asia-Pacific was the largest region in the bentonite market in 2024. The regions covered in the bentonite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
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