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Skyrocketing to $1.79 Billion: The Bleaching Clay Market's Remarkable Surge with a CAGR of 5.7% Expected During the Forecast Period 2023-2032 || Taiko Group, Clariant AG, Ashapura Perfoclay Limited, Oil-Dri Corporation of America
Bleaching Clay Market
The Business Research Company's Bleaching Clay Global Market Report 2023 identifies the increasing demand for refined vegetable oil is is the major driver for the bleaching clay market's growth in the forecast period. Refined vegetable oil refers to vegetable oil that has been degummed, deacidified, decolored, and deodorized. Bleaching clay, primarily made of montmorillonite, is used to bleach vegetable oils as an adsorbent clay which eliminates impurities that negatively affect the appearance and functionality of these triacylglycerol-based materials to achieve the high-quality oil standards necessary for edible applications.
The global bleaching clay market is expected to grow from $1.35 billion in 2022 to $1.43 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bleaching clay market is expected to grow to $1.79 billion in 2027 at a CAGR of 5.7%.
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Major competitors in the bleaching clay market are Taiko Group, Clariant AG, Ashapura Perfoclay Limited, Oil-Dri Corporation of America, Musim Mas, EP Minerals, HRP Industries, Refoil Earth Private Limited.
A key trend in the Bleaching Clay market includes product innovation. Major companies operating in Bleaching Clay are developing innovative platforms and developing oil-enhancing technologies to sustain their position in the market. For instance, in October 2021, LUKOIL, a Russia-based company operating in Bleaching Clay partnered with Gazprom Neft, a Russia-based petroleum refined company to develop oil recovery enhancement technologies.
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The bleaching clay market is segmented -
• By Type: Activated Bauxite, Activated Clays, Fuller's Earth
• By Application: Industrial Oil, Mineral Oil and Waxes, Vegetable Oil and Animal Fats
• By End-user Industry: Food and Beverage, Cosmetics and Personal Care, Chemicals, Other End-user Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the bleaching clay market share.
The Business Research Company's "Global Bleaching Clay Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Bleaching Clay Market Include:
1. Executive Summary
2. Bleaching Clay Market Characteristics
3. Bleaching Clay Market Trends And Strategies
4. Bleaching Clay Market - Macro Economic Scenario
5. Bleaching Clay Market Size And Growth
……………
27. Bleaching Clay Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bleaching Clay Market
29. Bleaching Clay Market Future Outlook And Potential Analysis
30. Appendix
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