The Bentonite Market in Belgium has shown significant fluctuations from 2012 to 2022. The market value peaked in 2017 at $31.368 million before experiencing a considerable drop in 2020 to $25.6 million. Despite the volatility, the market rebounded in 2021 with a year-on-year growth of 21.08% and a slight increase in 2022. The CAGR over the past five years indicates an almost stable annual variation, reflecting a generally resilient market sector.
Future trends to watch for include the increasing demand for bentonite in various industrial applications and potential market expansion driven by technological advancements and sustainable practices. Monitoring global supply chain dynamics and environmental regulations will be crucial for predicting market behaviors.
| # | 18 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 281,870,000 | 2023 | -0.11% | +0.066% | View data |
| 2 | 2 Japan | 180,040,000 | 2023 | -2.07% | -1.07% | View data |
| 3 | 3 France | 118,550,000 | 2023 | -1.62% | -2.62% | View data |
| 4 | 4 Italy | 115,620,000 | 2023 | +1.13% | -2.78% | View data |
| 5 | 5 South Korea | 87,084,000 | 2023 | +1.86% | +3% | View data |
| 10 | 10 South Africa | 40,567,000 | 2023 | +1.27% | +0.87% | View data |
| 11 | 11 Mexico | 38,597,000 | 2023 | +0.23% | +0.15% | View data |
| 12 | 12 Belgium | 31,296,000 | 2023 | +0.48% | +1.55% | |
| 13 | 13 New Zealand | 26,998,000 | 2023 | +7.87% | +10.27% | View data |
| 14 | 14 Denmark | 20,372,000 | 2023 | -1.92% | -1.46% | View data |
