The bentonite market has experienced rapid advancement, surging from$8.7 billion in 2023 to$9.92 billion in 2024, marking a significant CAGR of 14.1%, largely propelled by its applications in construction and drilling. Looking forward, the market is poised to sustain its growth trajectory, with projections indicating a rise to$15.75 billion by 2028, growing at a CAGR of 12.2%. This growth is fueled by increased infrastructure development and the expanding utilization of bentonite in water treatment applications. Major trends shaping this market include innovations in drilling fluid formulations and the adoption of sustainable mining practices.

The growth in the bentonite market is fueled by increased sales in rapidly developing countries like China and India, attributed to rising disposable income and expanded access to credit. Disposable income, which represents the funds available for spending or saving after deducting income taxes, plays a crucial role in driving consumer spending patterns. Bentonite finds extensive usage across various industries including chemicals, rubber, insecticides, pesticides, and civil construction projects. For example, in 2021, China witnessed an uptick in Disposable Personal Income to 47412 CNY from 43834 CNY in 2020, underscoring the significant impact of rising disposable income on the growth trajectory of the bentonite market.

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What Are The Key Trends That Influence 3D IC And 2.5D IC Packaging Market Share Analysis?

Major companies in the bentonite market are developing new solutions to sustain their market position. For instance, in July 2022, Clariant AG, a Switzerland-based chemicals company, launched a new bentonite solution to enhance safety and production efficiency in pipeline network construction in China. This product, part of the Bentonil series of mud products, is known for its excellent waterproofing and functional properties. It prevents borehole collapse during horizontal directional drilling, provides effective lubrication and support during pipe jacking construction, and protects ultra-deep underground diaphragm walls, ensuring construction quality in challenging geological conditions.

Which Market Players Are Driving Growth In The Bentonite Market?

Major companies operating in the market are 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, Volclay International, 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 Global 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

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The Bentonite Global Market Report 2024 provides an overview of the bentonitemarket 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 and their market positions.

The Table Of Content For The Bentonite Market Include

1. Bentonite Market Executive Summary
2. Bentonite Market Segments
3. Bentonite Market Size And Template Market Growth Rate
4.  Key Bentonite Market Trends
5. Major Bentonite Market Drivers
……
25. Key Mergers And Acquisitions In The Bentonite Market
26. Top Bentonite Companies
27. Bentonite Market Opportunities And Strategies
28. Bentonite Market, Conclusions And Recommendations
29. Appendix

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