The global bleaching clay market size is expected to reach USD 1.9 billion by 2027 registering a CAGR of 5.5%, according to a new report by Grand View Research, Inc. Growing consumption of refined vegetable oils is one of the major factors driving the market. Bleaching clay is used to remove impurities in vegetable oils and achieve high quality and pure oils. The primary source of raw materials include bentonite, sepiolite, and attapulgite.
The product is widely used in edible oil industry for bleaching, refining, and decolorization of crude oil. Other applications of bleaching earth include refining and decolorization of mineral oils, waxes, and lubricants. Companies, such as Wilmar International Ltd., Ruchi Soya, Cargill, Inc., Bunge North America, Inc., and COFCO International, are involved in this step of the value chain. Edible oil manufacturers engage in long-term contracts with bleaching earth distributors for consistent product supplies.
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Companies have undertaken several key strategies to enhance their product portfolio. Some of these strategies include acquisition and global expansion, technological collaborations, and joint ventures. Asia Pacific accounted for the largest share of the market in terms of both volume and revenue. The major demand arises from China, Malaysia, and Indonesia, which are the top producers of edible oil in the world. North America is the second-largest consumer owing to high vegetable oil & fat production in U.S.
List of Key Players of Bleaching Clay Market
- Taiko Group of Companies
- Clariant AG
- Ashapura Perfoclay Ltd.
- Oil Dri Corporation of America
- Korvi Activated Earth
Product Insights:
The natural bleaching earth is estimated to register the fastest CAGR of 4.9% from 2020 to 2027. It includes various mineral clays, such as attapulgite, bentonite, and sepiolite. It is primarily used for removing multiple contaminants, including soluble components of organic & chemical compounds. The selection depends on the quality and type of feedstock, as well as the refining process.
Bleaching Clay Market Segmentation:
Grand View Research has segmented the global bleaching clay market on the basis of product, application, and region:
Bleaching Clay Product Outlook
- Natural
- Activated
Bleaching Clay Application Outlook
- Refining of Vegetable Oils & Fats
- Refining of Mineral Oils & Lubricants
- Others
Bleaching Clay Regional Outlook
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Regional Insights:
Asia Pacific is anticipated to register the largest market share expanding at the fastest CAGR of 5.3% from 2020 to 2027. The growth in the region can be attributed to the rising consumption of vegetable oils. Moreover, increasing crop acreage yields in countries, such as Malaysia and Indonesia, is driving vegetable oil production in this region, which has led to the augmented product demand for purification and refining purposes.
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Bleaching Clay Market Report Highlights:
- The global bleaching clay market is likely to generate a demand of 3,009.37 kilotons by 2027
- In terms of revenue, Asia Pacific is expected to emerged as the fastest-growing regional market
- Refining of vegetable oils & fats application segment is expected to lead the global market over the forecast period
- It is also estimated to be the fastest-growing application segment from 2020 to 2027
- Asian countries, particularly India and China, are likely to witness a remarkable growth in the next seven years
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