Bleaching Clay Global Market Projected to Reach $1.96 Billion By 2028 with CAGR of 6.3% | Key Players: Clariant AG, EP Minerals LLC, HRP Industries Inc., Kemira Oyj, BASF SE

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The Business Research Company presents an extensive market research report on the Bleaching Clay Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The bleaching clay market size has grown strongly in recent years. It will grow from $1.44 billion in 2023 to $1.53 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to growth of the petrochemical industry, expansion in the cosmetics industry, water treatment applications, development of sustainable practices, globalization of the food industry..

The bleaching clay market size is expected to see strong growth in the next few years. It will grow to $1.96 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to increasing demand for oleochemicals, stringent quality standards, rise in health consciousness, demand from the bio-based lubricants industry, focus on clean label products.. Major trends in the forecast period include technological innovations in oil refining, strategic collaborations and partnerships, focus on sustainable and eco-friendly products, technological advancements in clay activation processes, r&d efforts for specialty applications,.

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Key Market Players:

Major companies operating in the bleaching clay market report are Taiko Group of Companies., Clariant AG, Ashapura Perfoclay Limited, Oil-Dri Corporation of America, Musim Mas Holdings Pte Ltd, EP Minerals LLC, HRP Industries Inc., Refoil Earth Private Limited, The W Clay Industries Sdn. Bhd., Korvi Activated Earth, Sinoma Attapulgite Clay Co Ltd., Kemira Oyj, Indian Clay & Mineral Co., Manek Active Clay Private Limited, Minerals Technologies Inc., Phoenix Chemicals Pvt. Ltd., BASF SE, AMC (UK) Ltd., Arkema S.A., E.I. du Pont de Nemours and Company, 20 Microns Limited, AMCOL International Corporation, Gujarat Clay Mills Private Limited, Kutch Minerals, S&B Industrial Minerals S.A., Southern Clay Products Inc., Geohellas S.A., Ashwin Chemicals, Alfa Chemical Corp.

Market Drivers:

The increasing demand for refined vegetable oil is expected to propel the bleaching clay market. 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. For instance, in March 2022, according to an article published by the International Olive Oil Council, a Spain-based intergovernmental association of states that produce olives or manufacture olive-derived products like olive oil, consumption of oil is expected to exceed 3.2 million tons in 2021/22. Global consumption of olive oil is expected to reach 3,214,500 tons in the 2021/22 crop year, a 2.9% increase over the 2020/21 crop year. Thus, increasing demand for refined vegetable oil drives the bleaching clay market.

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The bleaching clay market covered in this report is segmented -

1) By Type: Activated Bauxite, Activated Clays, Fuller's Earth
2) By Application: Industrial Oil, Mineral Oil and Waxes, Vegetable Oil and Animal Fats
3) By End-user Industry: Food and Beverage, Cosmetics and Personal Care, Chemicals, Other End-user Industries

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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