Bleaching Clay Market By Product Type (Activated Bleaching Clay, Natural Bleaching Clay), By Application (Industrial Oil, Mineral Oil and Waxes, Vegetable Oil and Animal Fats): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global bleaching clay market was valued at $0.9 billion in 2021, and is projected to reach $1.7 billion by 2031, growing at a CAGR of 6.9% from 2022 to 2031.
Bleaching clay, also known as bleaching earth, is a type of adsorbent clay that is used for removing the coloring matter from liquids (such as oils). The factors such as increase in transportation and logistics activities have surged the global need for crude oil and other petroleum products which in turn has led the key manufacturer to increase their production capacities for crude oil. For instance, according to a report published by the U.S. Energy Information Administration in July 2022, the OPEC crude oil production will increase to an average of 29.1 million in 2022 and then increase to 29.3 million in 2023. The acid activated clay minerals are used extensively to increase the crude oil refining capacities. It helps in absorbing coloring components, contaminants, such as oxidation products, phosphatides, pigments, and metals clays from the crude oil. This is expected to drive the growth of the bleaching clays market during the forecast period.
However, the emergence of biofuels as a sustainable energy source is the key market trend for the growth of bleaching clays during the forecast period. In addition, the rise in demand for biodiesel has increased owing to surge in oil prices, policies to reduce greenhouse gas emission, increase in energy security, and other factors. For instance, according to an article published by (IEA) International Energy Agency in 2021, the global demand for biofuels is set to grow by 41 billion liters, or 28%, from 2021 to 2026. Bleaching clays are used predominantly in biodiesel especially in the palm oil refinery to remove coloring matters, soap, oxidized compounds and polymers, gums, metals (iron, nickel), and other impurities. This is projected to witness high growth rate for bleaching clays; thus, creating remunerative opportunities for the market.
Conversely, fluctuations in the prices and unavailability of raw materials is projected to pose a major challenge to the growth of the bleaching clay market. Furthermore, the requirement of huge expenditure for R&D activities and for setting up new manufacturing plants for bleaching clays products such as mineral clays, attapulgite, bentonite, and sepiolit, and others is projected to further decrease the bleaching clay market growth rate. These factors tend to hamper the market growth.
The bleaching clays market is segmented on the basis of product type, application, and region. On the basis of product type, the market is categorized into activated bleaching clay and natural bleaching clay. The applications covered in the report include industrial oil, mineral oil & wax, vegetable oil & animal fat. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global bleaching clays market profiles leading players that include AMC (UK) Ltd., Arkema S A, Ashapura Perfoclay Ltd, Clariant AG, DuPont, EP Minerals, U.S. Silica Company, HRP Industries, Musim Mas, Oil Dri Corporation of America, Qingdao Qiancheng Minerals Co., Ltd., Refoil Earth Pvt. Ltd., Sinoma Attapulgite Clay Co. Ltd., Taiko Group of Companies, The W Clay Industries Sdn., and Tianjin Yuanjing Bentonite Minchem Co. The global bleaching clays market report provides in-depth competitive analysis as well as profiles of these major players.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bleaching clay market analysis from 2021 to 2031 to identify the prevailing bleaching clay market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the bleaching clay market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global bleaching clay market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
Activated Bleaching Clay
Natural Bleaching Clay
By Application
Industrial Oil
Mineral Oil and Waxes
Vegetable Oil and Animal Fats
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
AMC (UK) Ltd.
Arkema S.A.
Ashapura Perfoclay Limited (APL)
Clariant AG
DuPont
EP Minerals
HRP industries
Musim Mas
Oil-Dri Corporation of America
Qingdao Qiancheng Minerals Co. Ltd.
Refoil Earth Pvt. Ltd.
Sinoma Attapulgite Clay Co. Ltd.
Taiko Clay Marketing Sdn Bhd
The W Clay Industries Sdn Bhd
Tianjin Yuanjing Bentonite Minchem Co. Ltd.
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