The Asia Pacific bentonite market, currently valued at approximately US$ 65,706.9 Million, is projected to witness significant expansion, reaching US$ 116,799.7 Million by 2032, with a compound annual growth rate (CAGR) of 5.9%. This growth trajectory is primarily attributed to the rising demand for bentonite across various sectors such as personal care, pharmaceuticals, and agrochemicals. Particularly, the surge in demand from the personal care and cosmetics industry is anticipated to be a major driving force behind the market’s growth over the assessment period, reflecting the increasing utilization of bentonite in diverse applications within these sectors.
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, 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 market 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.
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More Insights into the Asia Pacific Bentonite Market Report
In its latest report, FMI offers an unbiased analysis of the Asia Pacific Bentonite Market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the Asia Pacific market potential, its growth, and scope, the market is segmented based on Product Type (sodium, calcium, aluminum & others), Application (absorbent, thickener, oral care, carrier/formulator, anti-inflammatory agent, WP, WDG & SC and other), End-Use (pharmaceuticals, crop protection, animal care, personal care, and ceramics) and Country.
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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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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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