Bleaching Clay Market 2021 - By Analysis, Trend, Future Scope, Demand, Leading Key Players And Industry Growth Forecast Till 2031

Allied Market Research has released a report titled "Bleaching Clay Market by Product Type (Activated Bleaching Clay, Natural Bleaching Clay) and Application (Industrial Oil, Mineral Oil and Waxes, Vegetable Oil and Animal Fats): Global Opportunity Analysis and Industry Forecast, 2022-2031," which reveals that the global bleaching clay industry reached a value of $0.9 billion in 2021 and is anticipated to hit $1.7 billion by 2031, with a CAGR of 6.9% from 2022 to 2031. The report delves into the evolving market dynamics, prominent segments, key investment areas, value chain analysis, regional landscape, and competitive scenario.

Market Overview:

The market growth is propelled by the increasing government initiatives and investments in vegetable oil production, leading key manufacturers to expand their capacities. Bleaching clay is crucial in refining vegetable oil, aiding in the removal of impurities, contaminants, and unwanted substances for enhanced consumption and commercial trade purposes. For example, the global vegetable oil demand is forecasted to rise by 28 million tons by 2028, as per a report by OECD-FAO Agricultural Outlook 2019, which is expected to bolster the demand for bleaching clay in the vegetable oil refining market.

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Drivers and Opportunities:

Factors such as the growing emphasis on purifying used industrial oil for promoting sustainability, along with the rising consumption of vegetable oils, drive the market growth. However, challenges such as price fluctuations, raw material scarcity, and substantial R&D investments for setting up new manufacturing plants hinder market expansion. Nonetheless, the emergence of biofuels as a sustainable energy source presents lucrative opportunities for market players.

Product Overview:

Bleaching clay, also known as bleaching earth, serves as an adsorbent clay used for removing colorants from liquids like oils. The market is primarily driven by the escalating demand for bleaching clay in vegetable oil purification and the increasing adoption of acid-activated bleaching clay.

Segment Analysis:

The activated bleaching clay segment dominated the market in 2021, accounting for over two-thirds of the global market share, and is poised to maintain its dominance during the forecast period. Activated bleaching clay is extensively utilized for absorbing pigments, dyes, and contaminants in edible oils.

However, the natural bleaching clay segment is anticipated to witness the highest CAGR of 7.1% from 2022 to 2031. Natural bleaching clay is preferred in palm oil production to eliminate health-risky compounds like 3-MCPD esters and glycidyl esters (GE).

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Application Insights:

The vegetable oil and animal fats segment held the largest market share in 2021, representing over two-fifths of the global market, and is expected to sustain its dominance. Bleaching clay finds widespread application in purifying vegetable oils and animal fats, ensuring improved color and odor.

Conversely, the mineral oil and waxes segment is forecasted to register the highest CAGR of 7.4% during the forecast period due to the utilization of bleaching clay in minimizing Poly Aromatic Hydrocarbons (PAH) content and enhancing product quality.

Regional Outlook:

Asia-Pacific led the market in 2021, capturing nearly two-fifths of the global market share, and is poised to maintain its dominance, exhibiting the fastest CAGR of 7.7% during the forecast period. The region's market growth is attributed to increased industrial output, import-export activities, consumer consumption, and investments in mineral oil and wax products.

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Leading Players:

Key market players include AMC (UK) Ltd., Arkema SA, Ashapura Perfoclay Ltd., Clariant AG, DuPont, EP Minerals, U.S. Silica Company, HRP Industries, Musim Mas, Oil Dri Corporation of America, Qingdao Qiancheng Minerals Co., Ltd., Refoil Earth Pvt. Ltd., Sinoma Attapulgite Clay Co. Ltd., Taiko Group of Companies, The W Clay Industries Sdn., and Tianjin Yuanjing Bentonite Minchem Co. Ltd.

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