DUBAI, United Arab Emirates, June 21, 2022 (GLOBE NEWSWIRE) — The Asia-Pacific bentonite market is currently estimated at around US$65,706.9 million and is expected to expand at a CAGR of 5.9% to reach US$116,799.7 million by 2032. The development of interest in bentonite is believed to be driven by areas such as individual consideration, medicines and agrochemicals.
Asia Pacific Bentonite Market is estimated to grow at 5.9% CAGR over the forecast period. The growing demand from the personal care and cosmetics sector is expected to augment the market growth over the assessment period.
Bentonite’s excellent characteristics such as water absorption, detoxification and acne treatment make it ideal for use in various personal care and cosmetic products. Bentonite clay is used in sunscreens, hair cleansers and fabric softeners. It is also used as a thickener, absorbent, filler, texturizer and binder in various skin and hair care products and color cosmetics.
Additionally, the growing trend of using organic products is forcing personal care product manufacturers to look to eco-friendly, chemical-free products that are just as effective. Bentonite is a natural absorbent and has no serious health side effects.
Due to the environmentally friendly nature of bentonite, its increasing application in personal care industry is expected to propel the growth of bentonite market in recent years.
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“Rising demand for organic cosmetics and personal care products across the globe, along with increasing investment in pharmaceutical sector in India and China, will augment the market growth,” says an IMF analyst.
Key points to remember:
- The Asia-Pacific bentonite market is expected to reach a value of over US$116,799.7 by the end of the forecast period, growing at a CAGR of 5.9% over the forecast period.
- Growing demand for bentonite for use in sunscreens, hair cleansers and softeners in the personal care industry is expected to propel the market growth in recent years.
- Bentonite is used in the pharmaceutical industry due to its absorption property, high alkalinity and antibacterial properties.
- China is the second largest pharmaceutical market in the world, which is why China is expected to be the first country in terms of bentonite consumption.
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 several others are some of the leading bentonite manufacturers.
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More insights into the Asia-Pacific Bentonite market report
In its latest report, IMF offers an unbiased analysis of Asia-Pacific bentonite marketproviding historical data from 2017 to 2021 and forecast statistics from the period 2022 to 2032. To understand the Asia-Pacific market potential, growth, and scope, the market is segmented on the basis of product type (sodium, calcium, aluminum and others), Application (absorbent, thickener, oral care, carrier/formulator, anti-inflammatory agent, WP, WDG & SC and others), end use (pharmaceuticals, crop protection, animal care, personal care and ceramics) and countries.
Asia-Pacific Bentonite Market by Category
By product type:
- Anti-inflammatory agent
- Oral care
By end use:
- Animal care
- crop protection
- Personal care
- South Korea
- Rest of Asia-Pacific
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 ultrasonication, including xanthan synthesis, knoevenagel condensation, and octa hydro quinazolinones. It can also act as a catalyst in esterification reactions.
In the chemical industry, a catalyst is extremely important. The chemical sector is expanding due to the high demand for specialty and basic chemicals, which will provide growth opportunities in the bentonite market.
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