Bleaching Clay Market
Growth Factors of Bleaching Clay Market
The bleaching clay market size was valued at USD 335.10 million in 2023, and the market is now projected to grow from USD 359.18 million in 2024 to USD 620.72 million by 2032, exhibiting a CAGR of 6.9% during the forecast period of 2023-2030.
The COVID-19 pandemic has created obstruction to the bleaching clay market growth. The supply chain disruption and pandemic limitations hampered manufacturing activities and affected several industries which rely heavily on bleaching clay. However, financial status gradually resumed owing to the resumption of manufacturing operations. There was also increased demand for refined goods across a wide range of industries impelled the market growth.
The bleaching clay market share globally improved because of the increasing demand from the oil and fats industry. Food sectors contributed the largest share of the total intake of fats and oils. Vegetable oils contain pollutants that have a negative effect on the oil's performance, appearance, and taste which are increasing demand for the product. There is a high demand for refined vegetable oils in order to eliminate impurities. Both for commercial and health reasons, before refined vegetable oils can be safely eaten which is propelling the market growth.
The trend of dry bleaching is the most preferred refining process in the market. According to Alfa Laval, dry bleaching is a world leader within the key technology areas of heat transfer, separation and fluid handling. It is the traditional approach for bleaching oils and other liquids fatty acids. It is the most used product in Europe and Asia. This type of clay required a low initial expenditure because of the usage of plate heat exchangers. It is needless utility consumption and the maintenance costs are also considerably lower. The procedure is simple and uncomplicated and requires only a small amount of setup space.
Comprehensive Analysis of Bleaching Clay Market
The bleaching clay market and chemicals & advanced materials industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides an in depth regional assessment considering the dominant supply and demand forces that impact the metals & minerals industry. These segmentations are methodically segregated by application. The applications are such as edible oils & fats, mineral oils and lubricants, and others.
The Asia Pacific region is conducive to the global bleaching clay market, leading to a recall of USD 176.14 million owing to the rising consumption of vegetable oils. In addition, growing crop yields are driving the production of vegetable oil augmented product demand for purification and refining purposes.
The top players in the market play a crucial role in the chemicals & advanced materials industry assuring industrial prospectus growth and setting market standards. These players include AMCOL Minerals Europe (U.K.), Ashapura Group (India), EP Minerals (U.S.), Clariant (Switzerland), Musim Mas Holdings (Singapore), Oil-Dri Corporation of America (U.S.), and Taiko Group of Companies (Malaysia), these market players present a level-playing competitive landscape.
In February 2020, Clariant provided high-quality activated bleaching earth to the edible oil and biofuel markets in Europe and the Middle East and Africa. The company has a supplementary capacity on stream in Yuncos, Spain. It has expanded its portfolio of advanced purification products for local clients.
Segmentation Table
Global Bleaching Clay Market Scope
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.9% from 2024 to 2032
Unit Value (USD Million) and Volume (Tons)
Segmentation By Application
- Edible oils and fats
- Mineral oils and lubricants
- Others
By Geography
- North America (By Application)
- U.S. (By Application)
- Canada (By Application)
- Europe (By Application)
- Germany (By Application)
- UK (By Application)
- France (By Application)
- Italy (By Application)
- Rest of Europe (By Application)
- Asia Pacific (By Application)
- China (By Application)
- Japan (By Application)
- India (By Application)
- ASEAN (By Application)
- Rest of Asia Pacific (By Application)
- Latin America (By Application)
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America (By Application)
- The Middle East & Africa (By Application)
- GCC (By Application)
- South Africa (By Application)
- Rest of Middle East & Africa (By Application)
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