The bleaching clay market in the United States is projected to experience an 8% compound annual growth rate (CAGR) from 2022 to 2032. This growth is attributed to the increasing consumer preference for low-cholesterol oils, positioning the United States as the forthcoming significant market for bleaching clay.
The global utilization of bleaching clay is projected to increase at a compound annual growth rate (CAGR) of 7.2% over the period from 2022 to 2032. The global bleaching clay market, which was valued at US$ 887.8 Million in 2021, is anticipated to reach US$ 1.86 Billion by the conclusion of 2032. Throughout this forecast period, it is expected that North America and South Asia will continue to be the frontrunners in the global bleaching clay market.
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The surge in demand for bleaching clay may be attributed to the escalating production of edible oils in significant Asian countries like Malaysia and India. Additionally, North America is poised to maintain its leading role in the demand for bleaching clay due to amplified government support for biofuel production and various agricultural incentives. Anticipatedly, the edible oils and fats sector is projected to register a 7.5% compound annual growth rate (CAGR) between 2022 and 2032, driven by heightened demand from the food and beverage industries.
Key Takeaways from the Market Study
- As of 2022, Fact.MR expects the bleaching clay industry to be valued at US$ 932.2 Million
- According to Fact.MR, a CAGR of 5.3% was recorded for the Bleaching Clay market from 2017-2021
- From 2022 to 2032, the Bleaching Clay industry is poised to flourish at a 7.2% CAGR
- By 2032, the bleaching clay landscape is slated to reach a valuation of US$ 1.86 Billion
- The activated clay segment is expected to grow the fastest during the forecast period.
- By end-user, the edible oils and fats segment is expected to dominate the market during the forecast period.
- As per Fact.MR’s projections, the market for Bleaching Clay in the UK will likely expand at a 7.7% CAGR
- India is poised to yield a CAGR of 7.5% with respect to Bleaching Clay in 2032
“Global measures to promote non-conventional fuels, along with growing environmental concerns, are projected to expand global acceptance and usage of biodiesel. During the projected period, biodiesel is likely to account for a sizable portion of the worldwide bleaching clay industry,” comments an analyst at Fact.MR.
Competitive Landscape
Prominent players in the Bleaching Clay Industry are taking advantage of the rapidly increasing demand for the Bleaching Clay in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale players. Some prominent market developments are as follows:
- Clariant
- EP Minerals
- Mineral Technologies Inc.
- Musim Mas
- Refoil Earth Pvt Ltd.
- Taiko Group of Companies
Recent Developments:
- In August 2021, Clariant acquired Beraca, a Brazilian personal care specialties firm that specializes in cosmetic grade, non-refined, and processed oils. This transaction will boost Clariant’s Care Chemicals division, which includes beauty products.
Key Segments Covered in Bleaching Clay Industry Research
- 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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More Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the global Bleaching Clay market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of Product (Fuller’s Earth, Activated Clay and Activated Bauxites), by End-User (Edible Oils & Fats, Mineral Oils & Lubricants and Other End Uses), across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa).