Global Bentonite Market TOC
Bentonite Market is estimated to garner a revenue of USD 5.96 billion by the end of 2026, growing at a CAGR of 3.6% over the analysis period, i.e., 2022 – 2026. Further, in the year 2022, the industry size of bentonite was over USD 5.17 billion. Expanding organic farming around the world is expected to drive market growth over the analysis period. Bentonite is a natural soil preserver that is used in organic farming to protect and maintain soil quality. It is also an excellent adsorbent, absorbing nearly 75% – 80% of impurities when mixed with zeolite or limestone and coagulants in the water treatment and filtration process.
Moreover, the growth of this bentonite market is attributed to the rising environmental concerns about wastewater treatment, primarily due to the presence of radioactive and toxic chemicals. Bentonite provides a less expensive, safer, more effective, and cost-effective method of wastewater treatment prior to disposal into a water stream. Clay mineral is an effective organic matter, toxic metal, and nutrient removal agent. When compared to raw bentonite, modified bentonite showed higher adsorption. In comparison to chemical-based methods, it provides an environmentally friendly and cost-effective method for waste-water treatment. According to the United Nations, 56%of household wastewater flows were safely treated in 2020 across the globe.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2026 |
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CAGR |
3.6% |
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Base Year Market Size (2022) |
USD 5.17 Billion |
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Forecast Year Market Size (2026) |
USD 5.96 Billion |
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Country Wise Scope |
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Product Type (Calcium, Sodium, Others)
The sodium segment in the bentonite market is estimated to gain the largest revenue share over the projected time frame. By the end of 2026, the sodium segment garnered the largest revenue of USD 3.54 billion. The segment grew at a CAGR of 3.5% during the analysis period. The growth of the segment is due to its usefulness as a sealant for subsurface disposal systems and for quarantining metal pollutants of groundwater, due to its property of swelling. Sodium bentonite is also used to seal city landfills, sewage lagoons, and stock and recreation ponds. Sodium bentonite is most used for large castings that use dry molds and used as a binding agent in the manufacture of iron ore (taconite) pellets which are used in the steelmaking industry. According to the World Steel Association, average world steel use per capita has steadily increased from 150 kg in 2001 to around 230 kg in 2020. By 2050, the use of steel is predicted to surge by around 20% compared to present levels to meet the needs of our growing population. Besides, according to the Organization for Economic Co-operation and Development, global steelmaking capacity and production increased to 562.9 million metric tons in 2022 from 521.6 million metric tons in 2021.
Application (Pet Litter, Foundry Molding Sands, Civil Engineering, Iron Ore Pelletizing, Drilling Fluids, Oil Absorbents)
Bentonite market from the foundry molding sands segment is estimated to register USD 2.10 Billion revenue during projected time frame and is anticipated to maintain its leading position while expanding at the fastest CAGR owing to the great benefits of bentonite while preparation of molding sand used in the production of nonferrous casting, iron, and steel. Green sand molds with good flowability, compatibility, and thermal stability are made using the unique features of bentonite for high-quality manufacturing castings. According to The European Foundry Association, the share of cast iron with lamellar graphite in the output total of iron and steel castings is 49.3%. The iron, steel, and malleable foundries produced approximately 10.7 million tons of castings in 2021 which experienced an increase of 17.6 % over 2020.
Our in-depth analysis of the global bentonite market includes the following segments:
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Application |
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German Market Forecast
The Germany Bentonite market, amongst the market in all the other countries, is growing at a significant pace with substantial growth rates over the last few years and accounted for USD 179.5 million by the end of 2026. The demand for bentonite slurries is rising in the construction industry owing to its stabilization property. For instance, according to the World Bank, value added by industry (including construction) was 1.14 trillion in 2021 which experienced an increase of 9.6% over 2020 in Germany. Moreover, the excellent performance of bentonite in a plethora of sectors is predicted to increase the demand for bentonite in the region over the analysis period. Furthermore, increasing disposable income and concerns related to personal care amongst consumers in this country are set to bolster the demand for bentonite in the near future.
Indian Market Statistics
The rapid growth in the agriculture industry in India is expected to boost the demand for bentonite. Bentonite is widely used as carrier in formulation of fungicides, bio-pesticides, pesticides, herbicides, plant growth promoters and bio- fertilizers. According to the India Brand Equity Foundation, the Indian agricultural sector is estimated to increase to USD 24 billion by 2025. Furthermore, the expanding import and export of bentonite across the world are accelerating bentonite market growth. For instance, according to the Observatory of Economic Complexity (OEC), India exported USD 79.3 million in bentonite in 2021, making it the 4th largest exporter of bentonite across the globe and the country imported USD 19.5 million in Bentonite, becoming the 20th largest importer of bentonite in the world.
Author Credits: Rajrani Baghel
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