The bentonite industry in the Asia Pacific is now estimated to be worth US$ 65,706.9 Thousand, with a compound annual growth rate (CAGR) of 5.9% expected to reach US$ 116,799.7 Thousand by 2032. It is projected that industries including personal care, pharmaceuticals, and agrochemicals will be the main drivers of the increased demand for bentonite. Throughout the projection period, this market is expected to rise at a 5.9% CAGR, with the personal care and cosmetics sector being a major contributor to this expansion.
Bentonite’s excellent features such as water absorption capacity, detoxification, and acne treatment make it ideal for use in various personal care and cosmetics products. Bentonite clay is used in sunscreen, hair cleansers, and softeners. It is also used as a thickener, absorbent, filler, texturizer, and binder in various skin and hair care products and color cosmetics.
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Moreover, the growing trend of using organic products is compelling personal care product manufacturers to shift towards eco-friendly and chemical-free products that are equally effective. Bentonite is a natural absorbent and does not have any severe side effects on health.
Owing to the eco-friendly nature of bentonite, its increasing application in the personal care industry is anticipated to propel the growth of the bentonite market in recent years.
“Increasing demand for organic personal care and cosmetic products across the globe, along with increasing investments in the pharmaceutical sector across India and China will augment the growth in the market,” says an FMI analyst.
Key Takeaways:
- The Asia Pacific bentonite industry is expected to attain a value of over US$ 116,799.7 Th by the end of the forecast period growing at a CAGR of 5.9% over the forecast period.
- Rising demand for bentonite for usage in sunscreen, hair cleanser, and softener in personal care sector is expected to propel the growth in the market in recent years.
- Bentonite is used in the pharmaceutical industry owing to its absorption property, high Alkalinity, and Antibacterial properties.
- China is the second-largest pharmaceutical market in the world owing to this reason China is predicted to be the leading country in terms of bentonite consumption.
Competitive Landscape
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 various others are some of the key manufacturers of bentonite.
What are the Opportunities for Bentonite Manufacturers in Asia Pacific?
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 octa 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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Asia Pacific Bentonite Industry by Category
By Product Type:
- Aluminum
- Calcium
- Sodium
- Other
By Application:
- Absorbent
- Anti-inflammatory agent
- Carrier/Formulator
- Oral Care
- Thickener
- Others
By End Use:
- Animal Care
- Ceramics
- Crop Protection
- Personal Care
- Pharmaceutical
By Country:
- China
- India
- Japan
- Indonesia
- Malaysia
- Thailand
- Vietnam
- South Korea
- Rest of Asia Pacific
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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