Bleaching Clay Market 2024-2033 : Industry Analysis, Size, Share, Growth And Forecast

"The Business Research Company recently released a comprehensive report on the Global Bleaching Clay Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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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Market Drivers and Trends:

The rise in biofuel demand is expected to propel the growth of the bleaching clay market going forward. Biofuel is a type of renewable energy derived from organic materials, such as plants, crops, or animal waste. Bleaching clay is used in biofuel production to remove impurities and colorants from biodiesel, enhancing the quality and stability of the final fuel product. For instance, in 2021, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, the global demand for biofuels is set to grow by 41 billion liters or 28%, over 2021-2026 in the main case. Therefore, the rise in biofuel demand is driving the bleaching clay market.

Product innovation is a key trend in the bleaching clay market. Major companies operating in the market are advancing toward developing innovative products to gain a competitive edge in the market. For instance, in February 2021, Clariant, a Switzerland-based specialty chemicals company, introduced DESVOCANT, an innovative line of mineral-based clay adsorbents to reduce the potential exposure of merchants, shipment handlers, and consumers to VOCs (volatile organic compounds) that pose serious health risks if inhaled. DESVOCANT adsorbents are based on a non-toxic, naturally occurring clay mineral called bentonite, which is granular when dry and enclosed in an airtight sack to control and reduce the accumulation of common VOCs due to off-gassing. It minimizes the costs and problematic delays of needing gas detection equipment, personnel respirators, or extensive ventilation in the product distribution chain. The DESVOCANT adsorbents can also be blended and packaged with other materials to meet cargo protection needs.

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Major Key Players of the Market:

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.

Bleaching Clay Market 2024 Key Insights:

• 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%.
• Surging Demand For Refined Vegetable Oil Fuels Growth In The Bleaching Clay Market
• Innovative Advancements In Bleaching Clay Market
• Asia-Pacific was the largest region in the bleaching clay market share in 2023

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