Rising Demand From The Food And Beverage Industry Is Likely To Create An Influx Of Opportunities For Bleaching Clay Market

Increasing consumption of edible oil with rising purchasing power parity and changing lifestyles of people is expected to drive growth. Bleaching clay is extensively used for refining edible oil owing to its excellent absorbing and filtering properties.

Growth of the upper-middle-class population and increasing online retail of beauty and cosmetic products are also set to augment growth. Besides this, rapid urbanization, rising shift of consumers towards premium products, and higher usage of social media platforms are projected to fuel sales.

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In addition to that, manufacturers worldwide are focusing on bulk production, as well as long-term agreements to strengthen their customer base. Increasing usage of natural bleaching clay in a wide range of industries, including wastewater treatment, biofuel, varnishes, and soaps is another factor contributing to the growth in the market.

Further, growing need to remove impurities from vegetable oils, such as edible lard, soybean, beef tallow, rapeseed, and palm is expected to spur demand. Bleaching clay also helps in lowering the oxidation, residual soaps, trace metals, pigments, and phosphatides products.

Growing usage of bleaching clay as an ingredient in ice creams, non-dairy creamers, and margarine formulations is another factor that is projected to bolster the market. On top of that, increasing demand for vegetable oils from the cosmetics industry for usage as a hair and skin conditioning agent will propel growth.

Key Takeaways:

The U.S. bleaching clay market is anticipated to register a CAGR of 8% in the forthcoming years from 2022 to 2032
China is set to record a CAGR of 7.8% in the near future owing to the increasing demand for hair clay
Based on end use, the edible oils and fats segment is expected to procure a bleaching clay market share of nearly 83.5% in 2032
By region, the Europe bleaching clay market is projected to generate a share of about 26.8% by 2032
The global bleaching clay market is likely to expand at a CAGR of 7.2% between 2022 to 2032, up from 5.3% CAGR between 2017 to 2021

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Growth Drivers:

Surging demand for refined vegetable oil and personal care products is set to fuel the need for bleaching clay in future
Rising usage of bleaching clay in the decolorizing and processing of mineral oils, margarine, and animal fats is expected to bode well for the market

Competitive Landscape:

The global market is partially fragmented in nature. The majority of the key players in the market are focusing on broadening their manufacturing capacities across the globe to increase production and cater to the ever-increasing demand from end-use industries.

Meanwhile, a few other key players are engaging in launching new products to expand their pre-existing product range. Some of the international companies are focusing on mergers and acquisitions with start-up firms to strengthen their resources.

For instance,

In August 2021, Clariant, a renowned specialty chemicals company based in Switzerland, acquired Beraca, a beauty products supplier headquartered in Brazil. The company aims to gain access to the latter's natural materials which are based on the biodiversity of the Brazilian rainforest. It would also enable Clariant to expand its presence in the Care Chemicals business.

More Valuable Insights on Bleaching Clay Market

In the latest study, Fact.MR offers a detailed study on global bleaching clay market for the forecast period of 2022 to 2032. This study also highlights key drivers promoting the sales of bleaching clay through detailed segmentation as follows:

By Product:

Fuller's Earth
Activated Clay
Activated Bauxites

By End Use:

Edible Oils & Fats
Mineral Oils & Lubricants
Other End Uses

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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Key Companies Profiled by Fact.MR

Clariant
EP Minerals
Mineral Technologies Inc.
Musim Mas
Refoil Earth Pvt Ltd.
Taiko Group of Companies

Key Questions Covered in the Bleaching Clay Market Report

What is the projected value of the bleaching clay market in 2022?
At what rate will the global bleaching clay market grow until 2032?
Which are the factors hampering the growth in the bleaching clay market?
Which region is expected to lead in the global bleaching clay market during 2022-2032?
Which are the factors driving the bleaching clay market during the forecast period?
What is the expected market value of the bleaching clay market during the forecast period?

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