Between 2013 and 2023, nonswelling bentonite sold or used by producers in the US exhibited a fluctuating trend. The value stood at 161.74 thousand metric tons in 2023. Early years saw significant increases; 18.18% in 2014 and 15.38% in 2015. However, the market experienced downward trends from 2017, ending with slight declines in the most recent years. Specifically, year-on-year variations for 2022 and 2023 were -1.28% and -1.27% respectively, with a five-year CAGR showing an average annual decrease of 1.29%.
Future trends suggest a continued decline with a forecasted five-year CAGR of -1.1%, signaling a reduction of around 5.37% in total volume by 2028. Monitoring technological advances in alternative materials and sustainability trends will be crucial for future strategic planning.
