Global Bentonite Market Size, Drivers, Trends, Opportunities And Strategies – Includes Bentonite Market Outlook
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An increase in sales in rapidly developing countries such as China and India owing to rising disposable income, and increasing demand for, and availability of credit are expected to drive innovation in bentonite manufacturing, thus driving the market during the forecast period.
The global bentonite market is expected to grow from $7.45 billion in 2022 to $8.27 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The bentonite market size is expected to grow from $11.15 billion in 2027 at a CAGR of 7.8%.
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Global Bentonite Market Segments Include:
- By Type:Sodium, Calcium, and Other Types – Bentonite
- By Mining Type:Underground Mining, Surface Mining
- By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global bentonite market in 2021.
Major Market Players in the bentonite market include Wyo-Ben Inc., Huawei Bentonite, Amcol, Ashapura, and Cimbar.
Companies engaged in the bentonite industry are using advanced geosynthetic clay liners to prevent leakage and corrosion in mining operations, which is one of the major trends witnessed in the global bentonite market.
The Bentonite Global Market Report 2023 provides a bentonite market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The bentonite market forecast analyzes bentonite market size, bentonite market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Bentonite is the process of mining bentonite that is used externally as a clay poultice, mud pack, or in bath and, skin care products.
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