The 2022 global market size for bentonite reached USD 8 billion, with a projected increase to USD 21.31 billion by 2032, reflecting a substantial revenue compound annual growth rate (CAGR) of 11.5% throughout the forecast period. Bentonite, predominantly composed of the clay mineral montmorillonite, finds extensive applications in drilling, construction, cosmetics, and pharmaceuticals. The burgeoning construction sector and escalating demand for bentonite across diverse industries are key drivers propelling the growth of market revenue.

A significant contributor to the utilization of bentonite is the construction sector, where increasing revenue in this domain is generating a heightened demand for the clay mineral. Over recent years, there has been a notable surge in the use of bentonite in construction, particularly as a binding agent in concrete. Anticipated growth in the construction of infrastructure such as roads, bridges, and tunnels is expected to fuel the demand for bentonite in this sector.

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Competitive Landscape:

The global Bentonite market is fairly consolidated, with a few major players accounting for a significant market share. Some of the major companies included in the global Bentonite market report are:

• Clariant AG
• Ashapura Group
• Wyo-Ben Inc.
• MidPoint Chemicals Company
• Black Hills Bentonite LLC
• Minerals Technologies Inc.
• Kunimine Industries Co., Ltd.
• American Colloid Company
• CETCO Energy Services
• Imerys S.A.

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Strategic Development:

·         In 2021, Clariant AG forged a partnership with Omya International AG to collaboratively pioneer and bring to market innovative, eco-friendly mineral solutions. The primary objective of this collaboration is the creation of sustainable additives utilizing natural minerals like bentonite, calcium carbonate, and kaolin.

·         During 2020, the Ashapura Group made public its plans to expand bentonite production capacity in India. This expansion initiative is geared towards meeting the escalating demand for bentonite across diverse sectors, including foundries, oil and gas, and iron ore pelletization.

·         In the same year, Wyo-Ben Inc. introduced a novel product line named Wyoming Supra Gel, comprising bentonite-based drilling fluids. Engineered to enhance drilling efficiency while simultaneously reducing costs, this innovative product line reflects Wyo-Ben Inc.'s commitment to advancing drilling technology.

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