In 2023, India's import of bentonite stood at a notable level (data not provided). Forecasted data predicts a steady growth from $15.856 million in 2024, increasing annually by various increments, to reach $18.877 million by 2028. This indicates a consistent year-on-year growth rate and projects a Compound Annual Growth Rate (CAGR) over the forecasted period, emphasizing a stable upward trend in bentonite imports.
Future trends to watch for include:
- Potential for increased demand in drilling applications, livestock feed, and civil engineering sectors, which could accelerate import growth beyond current forecasts.
- Impact of global supply chain developments and international trade agreements, possibly affecting prices and availability.
