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.
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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