Bentonite Industry Country Synopsis
German Market Forecast
The Germany Bentonite market, amongst the market in all the other countries, is growing at a significant pace with substantial growth rates over the last few years and accounted for USD 179.5 million by the end of 2026. The demand for bentonite slurries is rising in the construction industry owing to its stabilization property. For instance, according to the World Bank, value added by industry (including construction) was 1.14 trillion in 2021 which experienced an increase of 9.6% over 2020 in Germany. Moreover, the excellent performance of bentonite in a plethora of sectors is predicted to increase the demand for bentonite in the region over the analysis period. Furthermore, increasing disposable income and concerns related to personal care amongst consumers in this country are set to bolster the demand for bentonite in the near future.
Indian Market Statistics
The rapid growth in the agriculture industry in India is expected to boost the demand for bentonite. Bentonite is widely used as carrier in formulation of fungicides, bio-pesticides, pesticides, herbicides, plant growth promoters and bio- fertilizers. According to the India Brand Equity Foundation, the Indian agricultural sector is estimated to increase to USD 24 billion by 2025. Furthermore, the expanding import and export of bentonite across the world are accelerating bentonite market growth. For instance, according to the Observatory of Economic Complexity (OEC), India exported USD 79.3 million in bentonite in 2021, making it the 4th largest exporter of bentonite across the globe and the country imported USD 19.5 million in Bentonite, becoming the 20th largest importer of bentonite in the world.
