Bleaching Clay Market to reach USD 2.27 billion by 2030, registering a CAGR of 6.00%,Industry Trends

Bleaching clay is a type of clay that can be used to refine and decolorize fats and oils. The main supply material for bleaching clay is montmorillonite, also known as hydrated aluminum silicate. This provides bleaching clay with its important adsorption properties. Sulfonic acid, sludge, phospholipids, and metal residues are often removed from oil using bleaching clay. This clay has various benefits, including enhanced adsorbent activity and impurity removal of pollutants such as pigments, metals, phosphatides, oxidation products, and soaps.

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Nowadays, vegan diets are gaining significant traction among younger populations, which could drive up the consumption of vegetable oils. As per the estimates from Supplements101, the total number of vegans in 2021 is about 79 million. Moreover, California, New York, and Texas in the United States hold more than 38,000 food and beverage processing plants that extensively use bleaching clays to refine and remove impurities from vegetable oils.

Data Bridge Market Research analyses that the bleaching clay market was valued at USD 1.42 billion in 2022 and is expected to reach USD 2.27 billion by 2030, registering a CAGR of 6.00% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.   

Bleaching Clay Market Dynamics

Opportunities

Rising demand  for sustainable fuels

 The advent of biofuels as a sustainable energy source is a significant factor powering the growth of the bleaching clay market trends during the forecast period of 2023-2029. Several firms are concentrating on establishing new facilities for global biofuel manufacture to accommodate the increasing demand for sustainable fuels. For instance, Royal Dutch Shell has announced plans to build a biofuel plant in the Netherlands in September 2021 to attain its net-zero carbon emission target by 2050. The Rotterdam-based facility was anticipated to be one of the major facilities with a renewable fuel production capacity of 820,000 tonnes in Europe. As a result of all these factors, increased demand for bleaching clay is significant and expected to create ample opportunities for market growth.

Drivers

Growing demand for vegetable oils from food and beverage

Vegetable oils hold a major share of the food sector. The growing preferences for a vegan diet among people also increased the demand for vegetable oils in recent times. Furthermore, numerous oils are used as food supplements for their purported medicinal effect or nutrient content. Consequently, the increasing demand for vegetable oils from the food and beverage industry is anticipated to increase the demand for the bleaching clays and drive the market's growth rate during the forecast period.

Some of the major players operating in the bleaching clay market are:

The W Clay Industries Sdn (Malaysia)

Refoil (India)

 DuPont (U.S.)

BASF SE (Germany)

Clariant (Switzerland)

Arkema (France)

Merck KGaA (Germany)

Akzo Nobel N.V.(Netherland)

Kemira Oyj (Finland)

Oil-Dri Corporation of America (U.S.)

TIANJIN YUANJING BENTONITE MINCHEM CO., LTD (China)

 Application

Industrial Oil

Mineral Oil and Waxes and Vegetable Oil

Animal Fats

End-user Industry

Food and Beverage

Cosmetics and Personal Care

Chemicals

Other End-user Industries

North America will expect to be the fastest-growing region during the forecast period of 2023-2030 due to the growing demand for processed edible and industrial oils. Moreover, the large-scale manufacture of bentonite, raw material, coupled with strong availability of well-established domestic and international market players, such as Clariant and Oil-Dri Corporation of America, will likely enhance the market growth in this region.

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This release was published on openPR.