Bleaching clay market size will reach USD 2.6 billion by

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Newark, June 13, 2022 (GLOBE NEWSWIRE) — According to report published by The Brainy Insights, the global bleaching clay market is expected to grow from $1.6 billion in 2021 to $2.6 billion by 2030, with a CAGR of 5.8% over the forecast period 2022-2030.

Bleaching clays are widely used to refine vegetable oils, margarine, and hydrogenated oils, among others. They are also used when refining fats like fish oil, tallow oil and lard oil. Bleaching clay is widely used in the food industry and in the refining of vegetable oils. New York, California, and Texas in the United States have more than 38,000 food and beverage processing plants that make extensive use of bleaching clays to refine them and remove impurities from vegetable oils. Food and beverages is the largest manufacturing sector with the highest turnover with approximately 3 companies operating in the Europe region market. Most food and beverage companies operating around the world use bleaching clay to refine and remove color pigments from food and beverages.

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Competitive strategy

To strengthen their position in the global bleaching clay market, the major players are now focusing on adopting strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations and partnerships .

● In July 2021, Oil-Dri Corporation of America announced price increases for its product line, including agricultural clay, bleaching clay, and fluid purification products.

Market growth and trends

The growing consumption of vegetable oil is driving the growth of the market. The growing penetration of regular-use processed foods is propelling the use of vegetable oils. Hence, the ever-increasing demand for vegetable oils from food and beverages is expected to drive the bleaching clay market during the forecast period. However, the outbreak of the Covid-19 pandemic hampered the growth of the market as several manufacturing units were temporarily shut down to stop the spread of the disease. The increasing use of bleaching clay in the cosmetics industry is expected to provide an opportunity for market growth over the forecast period. The increasing use of bleaching clay to remove color from food and beverages is giving impetus to the growth of the market. Additionally, the growing use of personal care products is also expected to propel the market growth.

Main findings

● In 2021, the natural segment dominated the market with the largest market share of 63% and revenue of 1.0 billion.

The product type segment is divided into activated and natural. In 2021, the natural segment dominated the market with a market share of around 63% and revenue of 1.0 billion. Rising demand for natural bleaching clay in several industries such as mineral oils and lubricants, varnishes and soaps, biofuels, paints, and wastewater treatment industries propels the growth of the segment.

● In 2021, the vegetable oils and fats refining segment accounted for the largest market share, with 69% and a turnover of 1.1 billion.

The application segment is divided into refining of vegetable oils and fats and refining of mineral oils and lubricants. In 2021, the vegetable oils and fats refining segment accounted for the largest share of the market, with 69% and a revenue of 1.1 billion. Most vegetable oils are refined using bleaching clay as they contain several impurities and contaminants that need to be removed. The growing consumption of vegetable oils is driving the segment’s growth.

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Regional Segment Analysis of Bleaching Clay Market

● North America (United States, Canada, Mexico)
● Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
● Asia-Pacific (China, Japan, India, rest of APAC)
● South America (Brazil and Rest of South America)
● Middle East and Africa (UAE, South Africa, Rest of MEA)

The Asia-Pacific region has emerged as the largest market in the global bleaching clay market, with a market share of approximately 41.3% and 0.66 billion in market revenue in 2021. The increase in consumption of vegetable oil in this region and leading market players are driving the growth of the market. growth. Asia-Pacific is also the largest consumer of bleaching clay, propelling the market growth in the region. Due to the emerging economies in the region, such as India, and the increase in population, the demand for the food and beverage industry is increasing, driving the growth of the bleaching clay market.

Leading players operating in the global bleaching clay market are:

● Taiko Group of Companies
● Clariant International SA
● Oil-Dri Corporation of America
● BASF SE
● Musim Mas Holdings, W Clay Industries
● Ashapura Group of Companies
● AMC (UK) Ltd.
● Refoil Earth Pvt. ltd.
● HRP Industries
● AMCOL Specialty Minerals

This study forecasts revenue at global, regional and country levels from 2019 to 2030. Brainy Insights has segmented the global bleaching clay market based on the segments mentioned below:

Global Bleaching Clay Market by Product Type:

● Enabled
● Natural

Global Bleaching Clay Market by Applications:

● Refining vegetable oils and fats
● Refining of mineral oils and lubricants

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About the report:

The global bleaching clay market is analyzed on the basis of value (USD billion). All segments have been analyzed on a global, regional and country basis. The study includes analysis of more than 30 countries for each part. The report offers an in-depth analysis of the drivers, opportunities, restraints and challenges to gain a critical overview of the market. The study includes Porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position analysis, distribution and marketing channel analysis.

About The Brainy Insights:

The Brainy Insights is a market research company, aiming to provide businesses with actionable insights through data analytics to improve their business acumen. We have a robust forecasting and estimating model to meet customers’ high-quality production goals in a short period of time. We provide custom (customer specific) and syndicated reports. Our union reporting repository is diverse across all domain categories and subcategories. Our customized solutions are designed to meet customer requirements, whether they are looking to expand or planning to launch a new product in the global market.

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