North America Bentonite Market Size & Outlook, 2023-2030
North America bentonite market, 2018-2030 (US$M)
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North America bentonite market highlights
- The North America bentonite market generated a revenue of USD 470.0 million in 2023.
- The market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, sodium bentonite was the largest revenue generating product in 2023.
- Calcium Bentonite is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 470.0 million |
| Market revenue in 2030 | USD 720.8 million |
| Growth rate | 6.3% (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, North America region accounted for 19.3% of the global bentonite market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,236.4 million by 2030.
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Bentonite Market Scope
Bentonite Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 75.26% in 2023. Horizon Databook has segmented the North America bentonite market based on sodium bentonite, calcium bentonite, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Bentonite market in North America is expected to grow on account of increasing consumption of food items such as yogurt and candies. Furthermore, application of the same in the manufacturing of medicines owing to good water holding capabilities is expected to augment the market growth over the forecast period.
Traditionally, bentonite was used for water well and oil well drilling. The use of the clay primarily for greasing the cutting head, removing the drill cuttings and closing borehole walls are common application.
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Target buyers of North America 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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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 continent-level data and insights on the North America bentonite market , including forecasts for subscribers. This continent databook contains high-level insights into North America bentonite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America bentonite market size, by country, 2018-2030 (US$M)
North America Bentonite Market Outlook Share, 2023 & 2030 (US$M)
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