The Asia Pacific bentonite market is currently valued at around US$ 65,706.9 Thousand and is anticipated to expand at a CAGR of 5.9% to reach US$ 116,799.7 Thousand by 2032. Growing demand for bentonite is expected to be driven by sectors such as personal care, pharmaceutical, and agrochemical.
FMI forecasts that the Asia Pacific bentonite market is projected to register year-on-year growth of 5.0% in 2022. Increasing consumption of bentonite in applications such as dermatological solutions, soil treatment, thickener, and absorbent in skin and hair care products is expected to boost the demand over the forecast period.
| Attribute | Details |
|---|---|
| Base Year Value (2021A) | US$ 62,602.1 Thousand |
| Estimated Year Value (2022E) | US$ 65,706.9 Thousand |
| Projected Year Value (2032F) | US$ 116,799.7 Thousand |
| Value CAGR (2022 to 2032) | 5.9% |
| Collective Value Share: Top 3 Countries In Asia (2022E) | 86.6% |
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Demand for bentonite grew at a 2.2% CAGR between 2017 and 2021 in Asia Pacific. Owing to its extensive consumption in various applications, the market is anticipated to expand at a considerable rate over the assessment period. Increasing consumption of bentonite is projected to propel sales at 5.9% CAGR over the forecast period.
Bentonite has high absorption properties, high alkalinity, and antibacterial properties. Furthermore, it enhances soil microbial properties. The increasing need for food crops is propelling sales of bentonite in the agricultural sector. The high commercial potential of bentonite as a catalyst to promote chemical reactions and the use of bentonite in wastewater treatment is anticipated to create opportunities for growth in the forthcoming years.
The combination of bentonite and cyclodextrin has the potential to promote a variety of chemical reactions in aqueous solutions under ultra-sonication, including the synthesis of xanthan, knoevenagel condensation, and octal hydro quinazolinones. It can also function as a catalyst in esterification reactions.
In the chemical industry, a catalyst is extremely important. The chemical sector is expanding due to the strong demand for specialty and commodity chemicals, which will provide opportunities for growth in the bentonite market.
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According to the latest study conducted by Food and Drug Administration on a bentonite sample, bentonite can have high levels of lead in it. Lead is a naturally occurring metal and bentonite tends to absorb it. High lead composition in bentonite can cause metal poisoning in the human body which can lead to death. Various government authorities and regulatory bodies are planning to put regulations on the sales and production of bentonite regarding lead content.
Bentonite is a natural material and is it is extracted from mines around the world. Owing to this there are various federal laws and government rules for the mining operation and exploration activities. For exploration activity and mining operations, government approval is required.
Owing which various government authorities and regulatory bodies are planning to put regulations on the sales and production of bentonite regarding lead content in it. Which is expected to hamper sales over the upcoming assessment period of 2022 to 2032.
Expansion in the Pharmaceutical Sector Will Boost Sales of Bentonite in China
China is the second-largest pharmaceutical market in the world. The government is increasing investment in the medical sector. Bentonite is used in the production of OTC Lotions, oral care, and various other pharmaceutical products. Growing investment in the pharmaceutical sector is expected to bolster the sales of bentonite over the forecast period in China.
The cosmetics and personal care sectors are growing sectors in China. Bentonite is used in a wide range of applications in the cosmetic industry. Bentonite has features such as excellent water absorption capacity, detoxification, and acne treatment, which make it ideal for personal care and cosmetics products.
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High Popularity of Bentonite Clay Masks Will Fuel Growth
Bentonite offers high absorption capacity, and detoxifying ability, and helps in removing dirt. Owing to this reason it is widely used in the personal care industry for various applications. It is used as a thickener, absorbent, filler, texturizer, and binder in skin and hair care products and color cosmetics. Furthermore, it is used as a healing ingredient to treat diaper rash and clean impurities.
Individuals are indulging in self-care activities at home and are preferring natural ingredients, due to which, demand for personal care products & consumption of bentonite is expected to grow. In addition to this, bentonite clay masks are gaining popularity across the globe and are being preferred by individuals with acne-prone skin.
Sales of bentonite in the personal care sector are expected to increase at a CAGR of 6.3% over the forecast period and reach about US$ 31,548.6 Thousand by the end of 2032.
Expansion of the Agricultural Sector in India and China Will Spur Demand for Bentonite
Bentonite improves soil microbial properties. Organic compounds present in soil accelerate the mineralization of organic matter and disrupt the natural metabolic process of soil organisms. Bentonite with a combination of manure can be effective to maintain or increase the soil organic matter sustainably.
Bentonite clay has a nutrient-holding capacity for soils. Its 2:1 lattice structure allows it to absorb a lot of water. It can be found in abundance and is simple to process and mine, making it less expensive than alternatives.
Demand in the agricultural sector is expected to grow at a CAGR of 5.5% during the forecast period, reaching US$ 16,304.1 Thousand by 2032.
Key players operating in the Asia Pacific bentonite market are focusing on acquisitions and expansion strategies to increase revenue. They are also investing in research and development to improve their product portfolios.
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | US$ 65,706.9 Thousand |
| Projected Market Valuation (2032) | US$ 116,799.7 Thousand |
| Value-based CAGR (2022 to 2032) | 5.9% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | US$ Thousand for Value and Kilograms for Volume |
| Key Countries Covered | China, India, Japan, Indonesia, Malaysia, Thailand, Vietnam, South Korea, and the Rest of Asia Pacific. |
| Key Segments Covered | Product Type, Applications, End-Use & Countries. |
| Key Companies Profiled | Ashapura Group; Kunimine Industries Co. Ltd; Wyo-Ben Inc; Manek Mineral Group; Arumpo Bentonite Pty Ltd; Organic Industries Pvt. Ltd; Swell Well Minechem Pvt. Ltd.; Dae Minerals Co., Ltd; Nova Gas Technologies Inc.; Boc Gases Ireland Inc. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The Asia Pacific Bentonite market is anticipated to reach a valuation of US$ 65,706.9 Thousand in 2022.
The Asia Pacific Bentonite market is anticipated to witness a growth rate of 5.9 % over the forecast period of 2022 and 2032 in terms of value.
The Asia Pacific Bentonite market witnessed a growth of 2.2% CAGR between 2017 and 2021.
Ashapura Group, Kunimine Industries Co. Ltd, Wyo-Ben Inc, Manek Mineral Group, Arumpo Bentonite Pty Ltd, Organic Industries Pvt. Ltd, Swell Well Minechem Pvt. Ltd., Dae Minerals Co., Ltd, Nova Gas Technologies Inc., Boc Gases Ireland Inc., and others are the key players in the Asia Pacific Bentonite market.
The top countries driving the Asia Pacific Bentonite demand are China, India, and Japan.
1. Executive Summary | Asia Pacific Bentonite Market
1.1. Asia Pacific Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Product Type Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
4. Key Success Factors
4.1. Product Adoption Analysis
4.2. Strategic Promotional Strategies
4.3. Technological Innovation
5. Asia Pacific Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032
5.1. Historical Market Volume (Tons) Analysis, 2017 to 2021
5.2. Current and Future Market Volume (Tons) Projections, 2022 to 2032
5.3. Y-o-Y Growth Trend Analysis
6. Pricing Analysis
6.1. Regional Pricing Analysis By Product Type
6.2. Asia Pacific Average Pricing Analysis Benchmark
7. Asia Pacific Market Demand (in Value or Size in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032
7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021
7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.3. Value Chain
8.4. Supply Demand Analysis
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Impact of COVID–19 Crisis
8.6.1. Introduction
8.6.2. World Economy / Cluster Projections
8.6.3. Potential of Impact by Taxonomy
8.6.4. Recovery Scenario (Short, Mid, and Long Term)
8.6.5. Key Strategies
9. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type
9.1. Introduction
9.1.1. Market Value Share Analysis By Product Type
9.1.2. Y-o-Y Growth Analysis By Product Type
9.2. Historical Market Size and Volume Analysis By Product Type 2017 to 2021
9.3. Market Size and Volume Forecast By Product Type 2022 to 2032
9.3.1. Sodium
9.3.2. Calcium
9.3.3. Aluminum
9.3.4. Others
9.4. Market Attractiveness Analysis By Product Type
10. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
10.1. Introduction
10.1.1. Market Value Share Analysis By Application
10.1.2. Y-o-Y Growth Analysis By Application
10.2. Historical Market Size and Volume Analysis By Application 2017 to 2021
10.3. Market Size and Volume Forecast By Application 2022 to 2032
10.3.1. Absorbent
10.3.2. Thickener
10.3.3. Oral Care
10.3.4. Carrier & Formulator
10.3.5. Anti-inflammatory Agent
10.3.6. Wettable Powder, Water Dispersible Granule & Suspension Concentrate
10.3.7. Others
10.4. Market Attractiveness Analysis By Application
11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-Use
11.1. Introduction
11.1.1. Market Value Share Analysis By End-Use
11.1.2. Y-o-Y Growth Analysis By End-Use
11.2. Historical Market Size and Volume Analysis By End-Use 2017 to 2021
11.3. Market Size and Volume Forecast By End-Use 2022 to 2032
11.3.1. Pharma
11.3.1.1. OTC Lotion
11.3.1.2. Oral Care
11.3.1.3. Medicine
11.3.2. Crop Protection
11.3.2.1. Soil Treatment
11.3.2.2. Agrochemicals
11.3.3. Animal Care
11.3.3.1. Pet Care
11.3.3.2. Animal Feed
11.3.4. Personal Care
11.3.4.1. Hair Care
11.3.4.2. Skin Care
11.3.4.3. Body Care
11.3.4.4. Others
11.3.5. Ceramics
11.4. Market Attractiveness Analysis By End-Use
12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Introduction
12.1.1. Market Value Share Analysis By Country
12.1.2. Y-o-Y Growth Analysis By Country
12.2. Historical Market Size and Volume Analysis By Country 2017 to 2021
12.3. Market Size and Volume Forecast By Country 2022 to 2032
12.3.1. China
12.3.2. Japan
12.3.3. India
12.3.4. Indonesia
12.3.5. Malaysia
12.3.6. Thailand
12.3.7. Vietnam
12.3.8. South Korea
12.3.9. Rest of Asia Pacific
12.4. Market Attractiveness Analysis By Country
13. China Market Analysis 2017 to 2021 and Forecast 2022 to 2032
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size and Volume Analysis By Market Segments, 2017 to 2021
13.4. Market Size and Volume Forecast By Market Segments, 2022 to 2032
13.4.1. By Product Type
13.4.2. By Application
13.4.3. By End-Use
13.5. Market Attractiveness Analysis
13.5.1. By Product Type
13.5.2. By Application
13.5.3. By End-Use
13.6. Market Trends
14. Japan Market Analysis 2017 to 2021 and Forecast 2022 to 2032
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size and Volume Analysis By Market Segments, 2017 to 2021
14.4. Market Size and Volume Forecast By Market Segments, 2022 to 2032
14.4.1. By Product Type
14.4.2. By Application
14.4.3. By End-Use
14.5. Market Attractiveness Analysis
14.5.1. By Product Type
14.5.2. By Application
14.5.3. By End-Use
14.6. Market Trends
15. India Market Analysis 2017 to 2021 and Forecast 2022 to 2032
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size and Volume Analysis By Market Segments, 2017 to 2021
15.4. Market Size and Volume Forecast By Market Segments, 2022 to 2032
15.4.1. By Product Type
15.4.2. By Application
15.4.3. By End-Use
15.5. Market Attractiveness Analysis
15.5.1. By Product Type
15.5.2. By Application
15.5.3. By End-Use
15.6. Market Trends
16. Indonesia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size and Volume Analysis By Market Segments, 2017 to 2021
16.4. Market Size and Volume Forecast By Market Segments, 2022 to 2032
16.4.1. By Product Type
16.4.2. By Application
16.4.3. By End-Use
16.5. Market Attractiveness Analysis
16.5.1. By Product Type
16.5.2. By Application
16.5.3. By End-Use
16.6. Market Trends
17. Malaysia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size and Volume Analysis By Market Segments, 2017 to 2021
17.4. Market Size and Volume Forecast By Market Segments, 2022 to 2032
17.4.1. By Product Type
17.4.2. By Application
17.4.3. By End-Use
17.5. Market Attractiveness Analysis
17.5.1. By Product Type
17.5.2. By Application
17.5.3. By End-Use
17.6. Market Trends
18. Thailand Market Analysis 2017 to 2021 and Forecast 2022 to 2032
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size and Volume Analysis By Market Segments, 2017 to 2021
18.4. Market Size and Volume Forecast By Market Segments, 2022 to 2032
18.4.1. By Product Type
18.4.2. By Application
18.4.3. By End-Use
18.5. Market Attractiveness Analysis
18.5.1. By Product Type
18.5.2. By Application
18.5.3. By End-Use
18.6. Market Trends
19. Vietnam Market Analysis 2017 to 2021 and Forecast 2022 to 2032
19.1. Introduction
19.2. Pricing Analysis
19.3. Historical Market Size and Volume Analysis By Market Segments, 2017 to 2021
19.4. Market Size and Volume Forecast By Market Segments, 2022 to 2032
19.4.1. By Product Type
19.4.2. By Application
19.4.3. By End-Use
19.5. Market Attractiveness Analysis
19.5.1. By Product Type
19.5.2. By Application
19.5.3. By End-Use
19.6. Market Trends
20. South Korea Market Analysis 2017 to 2021 and Forecast 2022 to 2032
20.1. Introduction
20.2. Pricing Analysis
20.3. Historical Market Size and Volume Analysis By Market Segments, 2017 to 2021
20.4. Market Size and Volume Forecast By Market Segments, 2022 to 2032
20.4.1. By Product Type
20.4.2. By Application
20.4.3. By End-Use
20.5. Market Attractiveness Analysis
20.5.1. By Product Type
20.5.2. By Application
20.5.3. By End-Use
20.6. Market Trends
21. Rest of Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032
21.1. Introduction
21.2. Pricing Analysis
21.3. Historical Market Size and Volume Analysis By Market Segments, 2017 to 2021
21.4. Market Size and Volume Forecast By Market Segments, 2022 to 2032
21.4.1. By Product Type
21.4.2. By Application
21.4.3. By End-Use
21.5. Market Attractiveness Analysis
21.5.1. By Product Type
21.5.2. By Application
21.5.3. By End-Use
21.6. Market Trends
22. Market Structure Analysis
22.1. Market Analysis by Tier of Companies (Bentonite)
22.2. Market Concentration
22.3. Market Share Analysis of Top Players
22.4. Market Presence Analysis
22.4.1. By Regional Footprint of Players
22.4.2. Product foot print by Players
23. Competition Analysis
23.1. Competition Dashboard
23.2. Competition Benchmarking
23.3. Competition Deep Dive
23.3.1. Ashapura Group
23.3.1.1. Overview
23.3.1.2. Product Portfolio
23.3.1.3. Profitability by Market Segments (Product/Channel/Region)
23.3.1.4. Sales Footprint
23.3.1.5. Strategy Overview
23.3.2. ARUMPO PTY LTD
23.3.2.1. Overview
23.3.2.2. Product Portfolio
23.3.2.3. Profitability by Market Segments (Product/Channel/Region)
23.3.2.4. Sales Footprint
23.3.2.5. Strategy Overview
23.3.3. Laxmi Minerals
23.3.3.1. Overview
23.3.3.2. Product Portfolio
23.3.3.3. Profitability by Market Segments (Product/Channel/Region)
23.3.3.4. Sales Footprint
23.3.3.5. Strategy Overview
23.3.4. ORGANIC INDUSTRIES PVT LTD
23.3.4.1. Overview
23.3.4.2. Product Portfolio
23.3.4.3. Profitability by Market Segments (Product/Channel/Region)
23.3.4.4. Sales Footprint
23.3.4.5. Strategy Overview
23.3.5. Indobent
23.3.5.1. Overview
23.3.5.2. Product Portfolio
23.3.5.3. Profitability by Market Segments (Product/Channel/Region)
23.3.5.4. Sales Footprint
23.3.5.5. Strategy Overview
23.3.6. WYO-BEN, INC.
23.3.6.1. Overview
23.3.6.2. Product Portfolio
23.3.6.3. Profitability by Market Segments (Product/Channel/Region)
23.3.6.4. Sales Footprint
23.3.6.5. Strategy Overview
23.3.7. Volclay Japan Co., Ltd.
23.3.7.1. Overview
23.3.7.2. Product Portfolio
23.3.7.3. Profitability by Market Segments (Product/Channel/Region)
23.3.7.4. Sales Footprint
23.3.7.5. Strategy Overview
23.3.8. KUNIMINE INDUSTRIES CO., LTD
23.3.8.1. Overview
23.3.8.2. Product Portfolio
23.3.8.3. Profitability by Market Segments (Product/Channel/Region)
23.3.8.4. Sales Footprint
23.3.8.5. Strategy Overview
23.3.9. Korea Co., Ltd.
23.3.9.1. Overview
23.3.9.2. Product Portfolio
23.3.9.3. Profitability by Market Segments (Product/Channel/Region)
23.3.9.4. Sales Footprint
23.3.9.5. Strategy Overview
23.3.10. Donghae Material Co., Ltd.
23.3.10.1. Overview
23.3.10.2. Product Portfolio
23.3.10.3. Profitability by Market Segments (Product/Channel/Region)
23.3.10.4. Sales Footprint
23.3.10.5. Strategy Overview
23.3.11. CHUNGKWANG INC.
23.3.11.1. Overview
23.3.11.2. Product Portfolio
23.3.11.3. Profitability by Market Segments (Product/Channel/Region)
23.3.11.4. Sales Footprint
23.3.11.5. Strategy Overview
23.3.12. Shijiazhuang Huabang Mineral Products Co., Ltd
23.3.12.1. Overview
23.3.12.2. Product Portfolio
23.3.12.3. Profitability by Market Segments (Product/Channel/Region)
23.3.12.4. Sales Footprint
23.3.12.5. Strategy Overview
23.3.13. Bentonit Alam Indonesia
23.3.13.1. Overview
23.3.13.2. Product Portfolio
23.3.13.3. Profitability by Market Segments (Product/Channel/Region)
23.3.13.4. Sales Footprint
23.3.13.5. Strategy Overview
23.3.14. Swell Well Minechem Pvt. Ltd.
23.3.14.1. Overview
23.3.14.2. Product Portfolio
23.3.14.3. Profitability by Market Segments (Product/Channel/Region)
23.3.14.4. Sales Footprint
23.3.14.5. Strategy Overview
23.3.15. Manek Group
23.3.15.1. Overview
23.3.15.2. Product Portfolio
23.3.15.3. Profitability by Market Segments (Product/Channel/Region)
23.3.15.4. Sales Footprint
23.3.15.5. Strategy Overview
23.3.16. DAE Minerals Co., Ltd
23.3.16.1. Overview
23.3.16.2. Product Portfolio
23.3.16.3. Profitability by Market Segments (Product/Channel/Region)
23.3.16.4. Sales Footprint
23.3.16.5. Strategy Overview
24. Assumptions and Acronyms Used
25. Research Methodology
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Asia Pacific Bentonite Market
