The Asia Pacific bentonite market is currently valued at around USD 65,706.9 Thousand and is anticipated to expand at a CAGR of 5.9% to reach USD 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) | USD 62,602.1 Thousand |
| Estimated Year Value (2022E) | USD 65,706.9 Thousand |
| Projected Year Value (2032F) | USD 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 USD 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 USD 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) | USD 65,706.9 Thousand |
| Projected Market Valuation (2032) | USD 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 | USD 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 USD 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 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Asia Pacific Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 6. Pricing Analysis 7. Asia Pacific Market Demand (in Value or Size in USD Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 8. Market Background 9. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 9.1. Sodium 9.2. Calcium 9.3. Aluminum 9.4. Others 10. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 10.1. Absorbent 10.2. Thickener 10.3. Oral Care 10.4. Carrier & Formulator 10.5. Anti-inflammatory Agent 10.6. Wettable Powder, Water Dispersible Granule & Suspension Concentrate 10.7. Others 11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-Use 11.1. Pharma 11.1.1. OTC Lotion 11.1.2. Oral Care 11.1.3. Medicine 11.2. Crop Protection 11.2.1. Soil Treatment 11.2.2. Agrochemicals 11.3. Animal Care 11.3.1. Pet Care 11.3.2. Animal Feed 11.4. Personal Care 11.4.1. Hair Care 11.4.2. Skin Care 11.4.3. Body Care 11.4.4. Others 11.5. Ceramics 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. China 12.2. Japan 12.3. India 12.4. Indonesia 12.5. Malaysia 12.6. Thailand 12.7. Vietnam 12.8. South Korea 12.9. Rest of Asia Pacific 13. China Market Analysis 2017 to 2021 and Forecast 2022 to 2032 14. Japan Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15. India Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16. Indonesia Market Analysis 2017 to 2021 and Forecast 2022 to 2032 17. Malaysia Market Analysis 2017 to 2021 and Forecast 2022 to 2032 18. Thailand Market Analysis 2017 to 2021 and Forecast 2022 to 2032 19. Vietnam Market Analysis 2017 to 2021 and Forecast 2022 to 2032 20. South Korea Market Analysis 2017 to 2021 and Forecast 2022 to 2032 21. Rest of Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032 22. Market Structure Analysis 23. Competition Analysis 23.1. Ashapura Group 23.2. ARUMPO PTY LTD 23.3. Laxmi Minerals 23.4. ORGANIC INDUSTRIES PVT LTD 23.5. Indobent 23.6. WYO-BEN, INC. 23.7. Volclay Japan Co., Ltd. 23.8. KUNIMINE INDUSTRIES CO., LTD 23.9. Korea Co., Ltd. 23.10. Donghae Material Co., Ltd. 23.11. CHUNGKWANG INC. 23.12. Shijiazhuang Huabang Mineral Products Co., Ltd 23.13. Bentonit Alam Indonesia 23.14. Swell Well Minechem Pvt. Ltd. 23.15. Manek Group 23.16. DAE Minerals Co., Ltd 24. Assumptions and Acronyms Used 25. Research Methodology
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Asia Pacific Bentonite Market
