The Bentonite sold or used by producers in the US has shown a decreasing trend since 2013, with varying year-on-year changes. By 2023, the volume stood at 3.17 million metric tons. Over the last two years, the year-on-year variation was -0.96% in 2022 and -0.91% in 2023. The forecast for the upcoming years predicts a continual decline, with a compound annual growth rate (CAGR) of -0.8% from 2024 to 2028, while the forecasted 5-year growth rate indicates a -3.92% decline.
Future trends to watch for include:
- Technological advancements in mining and processing techniques that could improve efficiency.
- Market demand fluctuations due to environmental policies and alternative materials.
- Changes in supply chain dynamics and international trade policies impacting production and distribution.
