The data indicates a significant decline in the volume of bentonite sold or used for filler and extender applications in the US from 2017 to 2021. The year-on-year variation highlights a steep decrease, with values dropping from 28.67 thousand metric tons in 2017 to 7.91 thousand metric tons in 2021. The compound annual growth rate (CAGR) over these five years reflects a substantial negative trend. By 2023, this downward trend likely persisted, although specific figures for 2023 are not provided.
Looking forward, potential factors influencing future bentonite usage trends include technological advancements in other fillers and extenders, market demand shifts due to environmental considerations, and new applications or substitute materials affecting bentonite’s traditional markets. Close monitoring of these factors is essential to anticipate future market movements.
