How much is the bentonite market worth, and how is it expected to expand?
The bentonite market size has grown rapidly in recent years. It will grow from $10.05 billion in 2024 to $11.44 billion in 2025 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to foundry and metal casting industry growth, civil engineering and construction applications, oil and gas well drilling expansion, agricultural and environmental applications, paper and pulp industry utilization, and widespread adoption in drilling fluids.
The bentonite market size is expected to see rapid growth in the next few years. It will grow to $17.12 billion in 2029 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to infrastructure development in emerging markets, increasing use in the foundry industry, rise in demand for pelletized fertilizers, advancements in geosynthetic clay liners, and growing use in water treatment applications. Major trends in the forecast period include innovations in drilling fluid formulations, a focus on sustainable bentonite mining practices, a rise in bentonite-based nanocomposites, increased application in the energy storage industry, and digitalization of supply chain and logistics.
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Which industry factors have accelerated the bentonite market’s expansion?
The growth in the bentonite market is due to 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. Disposable income refers to the amount of money that an individual or household has to spend or save after income taxes have been deducted. Bentonite is used in chemical, rubber, insecticide & pesticide industries, and civil construction works. For instance, in 2023, according to an article published by the Office of National Statistics, the UK-based executive office of the Statistics, disposable income inequality increased to 35.5% in the financial year ending (FYE) 2022 from 34.4% in FYE 2021 Therefore, the rising disposable income is driving the growth of the Bentonite market.
What are the primary segments of 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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Which firms are leading 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 geographic trends are shaping the bentonite market, and which region has the highest market share?
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.
What Does The Bentonite Market Report 2025 Offer?
The bentonite market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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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