The Bentonite production in South Korea stood at 132.08 thousand metric tons in 2023, showing a steady year-on-year increase. Over the last five years, the Compound Annual Growth Rate (CAGR) has been moderate at 2.25%. From 2013 to 2023, the trend shows considerable fluctuations, with significant growth peaks in 2015 and 2017, followed by more stable growth moving towards 2023.
From 2024 onwards, the production is forecasted to continue its upward trajectory, with an estimated CAGR of 1.8% over the next five years. The production value is projected to rise to 148.11 thousand metric tons by 2028, representing a 9.34% growth rate over the forecast period.
Future trends to watch for include potential impacts from technological advancements in extraction and processing, changes in demand from key industries like construction and drilling, and any new environmental regulations that could affect production processes or costs.
