Bentonite Market Key Highlights:
- Market Size (2024): USD 1,587 Million
- Projected Market Size (2034): USD 2,923 Million
- CAGR (2024-2034): 6.3%
Pricing Analysis:
- Price Growth
- Regional Variations
Volume Analysis:
Import-Export Data
- Major Importers
- Major Exporters
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Price by Manufacturer
- Examination of pricing strategies
Bentonite Market Definition
Bentonite's distinct properties, including its ability to absorb water and expand, significantly increases its applications such as drilling muds, sealants, and foundry sands in oil and gas, construction, pharmaceuticals, and cosmetics industries. There are majorly two main types of bentonites are sodium bentonite and calcium bentonite. Calcium bentonite is increasingly gaining popularity in cosmetics industry. It is widely used as an ingredient in shampoos, facial cleansing masks, toothpaste, soaps, and others. The cleansing benefits of bentonite and its natural composition, making it a great exfoliant for scalp and skin.
The significant rise in oil and gas exploration activities and rising emphasis on eco-friendly drilling practices are expected to contribute to the overall growth of the market. Bentonite are increasingly being used as the raw materials used in the production of drilling fluids that are deployed in the oil and gas industry. Innovations in exploration activities, particularly in the Middle East and Africa countries have paved the way for new oil and gas reserves.
The infrastructure development coupled with increasing urbanization particularly in developing countries is offering lucrative growth opportunities to the market in the coming years. The market is experiencing strong demand for bentonite in industrial and construction applications.
For instance, in many developing countries in Asia and Africa, the residential and industrial are expanding significantly. As per India Brand Equity Foundation (IBEF), India's real estate industry is predicted to account for US$ 1 trillion in market size by 2030 and is expected to hold 18-20% of India's gross domestic product (GDP). Private market investor, Blackstone has invested significantly in the Indian real estate sector. Blackstone further seeks to invest an additional $22 billion (1.7 lakh crore) by 2030.
According to the IBEF report 2024, FDI in construction development (townships, housing, built-up infrastructure, and construction development projects) and construction (infrastructure) activity sectors stood at US$ 26.42 billion and US$ 32.08 billion, respectively, between April 2000-September 2023.
Bentonite Market Segmentation:
By Type
- Sodium Bentonite
- Calcium Bentonite
By Application
- Molding Sands
- Iron Ore Pelletizing
- Pet Litter
- Drilling Mud
- Civil Engineering
- Agriculture
- Others
Bentonite Market Companies:
- Amcol(US)
- Bentonite Performance Minerals LLC(US)
- Wyo-Ben Inc(US)
- Black Hills Bentonite(US)
- Tolsa Group (Spain)
- Imerys (S&B) (France)
- Clariant (Switzerland)
- Bentonite Company LLC (Russia)
- Laviosa Minerals SpA (Italy)
- LKAB Minerals (Netherlands)
- Ashapura (India)
- Star Bentonite Group (India)
- Kunimine Industries (Japan)
- Huawei Bentonite (China)
- Fenghong New Material (China)
- Chang’an Renheng (China)
- Liufangzi Bentonite (China)
- Bentonit Uniao (Brazil)
- Castiglioni Pes y Cia (Argentina)
- Canbensan (Turkey)
- Aydın Bentonit (Turkey)
- KarBen (Turkey)
- G & W Mineral Resources (South Africa)
- Ningcheng Tianyu (China)
- Elementis (UK)
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