Report Overview:
Bentonite mining involves the extraction of bentonite clay, a versatile material used in various industries including foundry sand, drilling fluids, pet litter, and environmental applications due to its absorbent and rheological properties.
The Asia Pacific bentonite mining market is growing steadily, driven by demand from the construction, oil & gas, and environmental sectors. China accounts for 35% of the market, followed by India at 25% and Japan at 15%. In 2023, the foundry industry consumed 40% of total production, with drilling fluids at 30% and environmental applications at 20%. The market experienced a 7% growth in demand for activated bentonite in wastewater treatment applications.
Market Value:
The Asia Pacific Bentonite Mining market size was valued at US$ 576.4 million in 2024 and is projected to reach US$ 748.9 million by 2030, at a CAGR of 4.5% during the forecast period 2024-2030.
CAGR of 4.5%
(2025 – 2032)