Bentonite Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Sodium Bentonite, Calcium Bentonite, Sulphur Bentonite, Others), By Application (Foundry Sands, Cat Litter, Construction, Iron Ore Pelletizing, Drilling Mud, Refining, Others), and Region Forecast 2020-2031

Bentonite Market size was valued at US$ 1,619.9 million in 2024 and is expected to reach US$ 2,451.9 million by 2031, growing at a significant CAGR of 6.1% from 2025-2031. The global market provides a detailed overview that can be segmented by product type and by application. By product type, the global market has been segmented into Sodium Bentonite, Calcium Bentonite, Sulphur Bentonite, and Others. The Sodium Bentonite segment is likely to be the largest and fastest-growing segment in terms of product type in 2021 and is expected to maintain the trend. Based on application, the global market is segmented into Foundry Sands, Cat Litter, Construction, Iron Ore Pelletizing, Drilling Mud, Refining, and Others. Among these, the Foundry Sands segment is expected to have the fastest-growing market during the forecast period 2024-2030.

Bentonite has various applications in the construction, metallurgy, mining, and refining industries. There are ample of advantages of Bentonite over the minerals such as free flowability and thermal stability, and wide range of applications which are boosting the global market growth at a significant rate. The rapid growth in the construction industry in emerging countries, rise in infrastructural investment from public and private sectors, and rapid urbanization are anticipated to propel the market over the forecast years. Moreover, increase in the use of Bentonite in refining, metallurgy, and pharmaceutical industries also boosted the global market growth.

Key Developments

• On December 08, 2023 - Clariant launched the latest innovation in the portfolio, Desi Pak ECO, a responsibly mined natural bentonite clay desiccant in a plastic-free, bio-based package. The desiccant packets are specially designed moisture adsorbing solutions focused on sourcing raw materials and transportation packaging with a lower environmental impact.
• On November 7, 2023 - Wyo-Ben, Inc., a leading provider of high-quality drilling fluids and minerals, has announced the acquisition of the bentonite operation of M-I Swaco, a division of Schlumberger and renowned global leader in drilling fluid systems and services. This strategic move further solidifies Wyo-Ben’s position as a leader in the industry and opens up new avenues for growth and innovation.