Global Bentonite Market Size & Outlook, 2023-2030
Global bentonite market, 2018-2030 (US$M)
Related Markets
Global bentonite market highlights
- The global bentonite market generated a revenue of USD 2,440.8 million in 2023 and is expected to reach USD 3,654.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.9% by 2030.
- In terms of segment, sodium bentonite accounted for a revenue of USD 1,609.5 million in 2023.
- Calcium Bentonite is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,440.8 million |
| Market revenue in 2030 | USD 3,654.7 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Sodium bentonite |
| Fastest growing segment | Calcium Bentonite |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sodium Bentonite, Calcium Bentonite, Other Products |
Other key industry trends
- In terms of revenue, the North America accounted for 19.3% of the global bentonite market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 49.0 million by 2030.
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Bentonite Market Scope
Bentonite Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global bentonite market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bentonite market will help companies and investors design strategic landscapes.
Sodium bentonite was the largest segment with a revenue share of 65.94% in 2023. Horizon Databook has segmented the Global bentonite market based on sodium bentonite, calcium bentonite, other products covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Bentonite Product Outlook (Revenue, USD Million, 2018-2030)
- Sodium Bentonite
- Calcium Bentonite
- Other Products
- Global Bentonite Application Outlook (Revenue, USD Million, 2018-2030)
- Foundry Sands
- Iron Ore Pelletizing
- Cat Litter
- Drilling Mud
- Civil Engineering
- Refining
- Other Applications
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Target buyers of Global bentonite market databook
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Our clientele includes a mix of bentonite market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global bentonite market , including forecasts for subscribers. This global databook contains high-level insights into Global bentonite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global bentonite market size, by regions, 2018-2030 (US$M)
Top 10 countries: Bentonite market size, 2023 (US$M)
Global bentonite market share, by product, 2023 & 2030 (%, US$M)
Bentonite market: Opportunity assessment by country
Global bentonite market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 429.1 | 424.2 | 414.9 | 452.4 | 466.7 | 470.0 | 494.9 | 523.0 | 554.4 | 589.1 | 628.1 | 671.8 | 720.8 | 6.3% |
| Europe | 640.8 | 633.7 | 586.6 | 683.7 | 940.1 | 817.5 | 850.1 | 889.0 | 933.2 | 984.8 | 1,043.7 | 1,109.8 | 1,183.2 | 5.4% |
| Asia Pacific | 536.4 | 687.9 | 470.1 | 581.6 | 792.0 | 792.9 | 822.2 | 872.2 | 928.6 | 992.0 | 1,064.1 | 1,145.5 | 1,236.4 | 6.6% |
| Latin America | 116.7 | 140.5 | 114.8 | 146.7 | 145.0 | 165.9 | 173.1 | 181.3 | 190.7 | 201.4 | 213.4 | 227.0 | 242.6 | 5.6% |
| MEA | 197.5 | 226.8 | 170.9 | 167.9 | 192.6 | 194.4 | 202.1 | 210.7 | 220.3 | 231.1 | 243.2 | 256.5 | 271.6 | 4.9% |
| Overall | 1,920.5 | 2,113.2 | 1,757.3 | 2,032.3 | 2,536.3 | 2,440.8 | 2,542.5 | 2,676.1 | 2,827.1 | 2,998.4 | 3,192.5 | 3,410.6 | 3,654.6 | 5.9% |
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