Global Bleaching Clay market analysis 2024, Forecast To 2033
29 Feb, 2024
The bleaching clay market size has experienced robust growth in recent years, escalating from$1.44 billion in 2023 to$1.53 billion in 2024, representing a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period is credited to the expansion of the petrochemical industry, the burgeoning cosmetics industry, water treatment applications, the adoption of sustainable practices, and the globalization of the food industry. Anticipated growth in 2028 forecasts a market value of$1.96 billion, with a similar CAGR of 6.3%. This expansion is expected due to heightened demand for oleochemicals, stringent quality standards, increasing health consciousness, and demand from the bio-based lubricants industry. Noteworthy trends include technological innovations in oil refining, strategic collaborations and partnerships, emphasis on sustainable and eco-friendly products, advancements in clay activation processes, and research and development efforts for specialty applications.
Global Bleaching Clay Market Key Driver
The escalating demand for refined vegetable oil is poised to drive the bleaching clay market. Refined vegetable oil undergoes a series of purification processes to meet stringent quality standards for edible applications. Bleaching clay, primarily composed of montmorillonite, acts as an adsorbent clay in vegetable oil refining, eliminating impurities and enhancing its appearance and functionality. According to the International Olive Oil Council, global oil consumption is projected to surpass 3.2 million tons in the 2021/22 crop year, marking a 2.9% increase from the previous year. Hence, the surge in demand for refined vegetable oil is expected to propel the bleaching clay market.
Get A Free Sample Of The Global Bleaching Clay Market ReportGlobal Bleaching Clay Market Segments
The global bleaching clay market covered in this report is segmented –
1) By Type: Activated Bauxite, Activated Clays, Fuller's Earth
2) By Application: Industrial Oil, Mineral Oil and Waxes, Vegetable Oil and Animal Fats
3) By End-user Industry: Food and Beverage, Cosmetics and Personal Care, Chemicals, Other End-user Industries
By Geography: The regions covered in the bleaching clay market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacific was the largest region in the bleaching clay market share in 2023. North America was the second-largest region in the bleaching clay market analysis. The regions covered in the bleaching clay market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Bleaching Clay Industry Players
Taiko Group of Companies., Clariant AG, Ashapura Perfoclay Limited, Oil-Dri Corporation of America, Musim Mas Holdings Pte Ltd, EP Minerals LLC, HRP Industries Inc., Refoil Earth Private Limited, The W Clay Industries Sdn. Bhd., Korvi Activated Earth, Sinoma Attapulgite Clay Co Ltd., Kemira Oyj, Indian Clay & Mineral Co., Manek Active Clay Private Limited, Minerals Technologies Inc., Phoenix Chemicals Pvt. Ltd., BASF SE, AMC (UK) Ltd., Arkema S.A., E.I. du Pont de Nemours and Company, 20 Microns Limited, AMCOL International Corporation, Gujarat Clay Mills Private Limited, Kutch Minerals, S&B Industrial Minerals S.A., Southern Clay Products Inc., Geohellas S.A., Ashwin Chemicals, Alfa Chemical Corp.
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Bleaching Clay Market Overview
Bleaching clay refers to an adsorbent clay or earth, used to remove the coloring matter from liquids such as oils. It is used in various industries, including edible oils, biofuels, and paraffin wax.
Bleaching Clay Global Market Report 2023 provides data on the global bleaching clay market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The bleaching clay market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.