Bleaching Clay Preferred across Industries for its High
Absorption Capacity, with Fuller's Earth Accounting for Bulk of
Overall Market Share: Fact.MR Report.
ROCKVILLE, Md., July 15,
2024 /PRNewswire/ -- The global Bleaching
Clay Market is projected to be
valued at US$ 2.16 billion by
2034, up from US$ 1.07 billion
in 2024. Based on this updated industry research released by
Fact.MR, the market has been forecasted to expand at a CAGR of
7.3% from 2024 to 2034.
The most common kind of clay that works well for decolorizing
and purifying oils and fats is bleaching clay, which has a
comparatively high adsorption capacity. The main source material
for bleaching clay is montmorillonite, referred to as hydrated
aluminum silicates, which gives bleaching clay its crucial
adsorption qualities.
Natural bleaching clays have been applied for the refining of
edible oils and fats since the early nineteenth century; however,
the activation process improves its properties, which include its
adsorptive, acid, catalytic, and ion exchange capacities. A broad
range of contaminants, such as carotenes and chlorophylls, as well
as more complex contaminants, including soaps, oxidation products,
and metals, can be found in vegetable and mineral oils. These
impurities are effectively eliminated by activated bleaching clay,
which also enhances the appearance and flavor of these oils.
North America and East Asia, together, are estimated to account
for well over half of global bleaching clay sales. Fuller's earth
is the most popular kind and accounts for around one-third share of
the global market.
For More Insights into the Market, Request a Sample of this
Report:
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Key Takeaways from the Bleaching Clay Market Study:
- The market in North America is
projected to expand at a CAGR of 7.6% from 2024 to 2034, offering
an absolute $ opportunity of US$ 350
million over the next ten years.
- The worldwide market generated an absolute opportunity valued
at US$ 239.6 million between 2019 and
2023.
- The United States is expected
to hold 73.5% market share in North
America in 2024, and thereafter offer an absolute $
opportunity of US$ 266.7 million
between 2024 and 2034.
- Clariant, EP Minerals, Mineral Technologies Inc., Musim Mas,
and Refoil Earth Pvt. Ltd. are a few of the leading companies
manufacturing bleaching clay.
- The market in China has been
forecasted to advance at 7.5% CAGR and reach US$ 318.5 million by 2034.
"Companies will continue to invest in capacity expansion
and new product development in the years ahead to meet increasing
and changing demands in this market," says a Fact.MR
analyst.
Large-Scale Raw Material Production Driving Market
Expansion
The United States bleaching
clay market is projected to grow at a CAGR of 7.8% from 2024 to
2034. The U.S. is expected to become a significant market for
bleaching clay due to an increasing preference for low-cholesterol
oils among consumers.
Throughout the forecast period, the rising yield of oilseeds
will drive market growth in the country. The high concentration of
activated bleaching clay producers, combined with extensive raw
material production, is anticipated to further boost the overall
market growth.
In 2024, the United States
market is expected to be valued at $239.1
million. Between 2024 and 2034, Fact.MR projects an absolute
dollar opportunity of $266.7
million.
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Bleaching Clay Industry News:
Leading manufacturers of bleaching clay are Clariant, EP
Minerals, Mineral Technologies Inc., Musim Mas, Refoil Earth Pvt.
Ltd., Taiko Group of Companies, Sibelco, Manek Active Clay Pvt.
Ltd., Tolsa, and Bajaj Earths Pvt. Ltd.
- In June 2023, a new bleaching
clay product called 'Lanxess Bayferrox' was introduced by German
chemical company Lanxess. It is intended to be used in the
manufacturing of paper, coatings, and plastics.
- In Dec 2022, to increase the
amount of bleaching clay it could produce, Clariant purchased a
portion of Jiangsu Yongxiang Technology in China.
- In Aug 2021, Clariant bought
Beraca, a Brazilian personal care specialty company that
specializes in processed, non-refined, cosmetic-grade oils.
Clariant's Care Chemicals segment, which produces cosmetics, will
benefit from this merger.
More Valuable Insights:
Fact.MR, in its new offering, presents an unbiased analysis of
the global bleaching clay market, presenting historical data for
2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals essential insights based on product (Fuller's
earth, activated clay, activated bauxites) and end use (edible oils
& fats, mineral oils & lubricants, other end uses), across
seven major regions of the world (North
America, Latin America,
Western Europe, Eastern Europe, East
Asia, South Asia &
Pacific, and the Middle East &
Africa).
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SOURCE Fact.MR