The global bleaching clay market is expected to reach USD 1.09 billion by 2024,
according to a new report by Grand View Research, Inc. Bleaching clay plays an
important role in refining, lightening, and decolorizing edible oil. The
increasing production of refined vegetable oil is one of the key factors
driving the market demand. Bleaching clay is also used for removal of
phospholipids, sulfuric acid, sludge, sulfonic acid, free fatty acids, and
traces of metal in oils. Besides these applications, it is used in effluent
treatment plants and as an ingredient in cosmetic products.
Higher oilseed crop
yield and technological developments are expected to increase the demand for
bleaching clay consumed in the edible oils & fats application segment. The
growing demand for baby lotions & emollients coupled with recycling of
lubricants & waste oils is projected to drive the mineral oils &
lubricants segment.
Most of the
manufacturers are engaged in mining activities in order to maintain an
efficient supply chain and gain a competitive edge in the market.Certifications
such as Kosher, HACCP, and Halal provide the competitive advantage to the
players.
Access Report Of Bleaching Clay Market@ https://www.grandviewresearch.com/industry-analysis/bleaching-clay-market
Further key findings from the report suggest:
· The global bleaching clay market demand
exceeded 1,750 kilo tons in 2015 and is expected to exceed 2,600 kilo tons by
2024, growing at a CAGR of 4.6% from 2016 to 2024
· Edible oils & fats emerged as the
leading application segment and accounted for over 80% of total market volume
in 2015. The segment is primarily influenced by the growing vegetable oil
production in Asia Pacific and Americas.
· Asia Pacific is projected to grow at the
highest growth of 5.2% over the forecast period on account of the increasing
palm oil production in Indonesia, Malaysia, China, and India
· Rising oilseed crop yield on account of
technological developments, better fertilizers, and subsidiaries given by the
government to promote farming activities is projected to positively impact the
vegetable oil industry, which in turn is anticipated to increase the amount of
bleaching clay consumed in the region
· Backward integration is one of the major
strategies adopted by companies operating in this market to ensure unlimited
access to mines and maintain a continuous supply of raw materials
· Major companies operating in the market
space include BASF SE, Clariant International AG, Oil-Dri Corporation of
America, Taiko Group of Companies, Musim Mas Holdings, and AMCOL Specialty
Minerals among others
Grand View Research has
segmented the bleaching clay market on the basis of application and region:
Global Bleaching Clay Application Outlook (Volume, Tons;
Revenue, USD Thousand, 2014 - 2024)
·
Edible oils & fats
·
Mineral oils & lubricants
·
Others
Global Bleaching Clay Regional Outlook (Volume, Tons;
Revenue, USD Thousand, 2014 - 2024)
·
Americas
o
U.S.
o
Canada
o
Mexico
o
Costa Rica
o
Honduras
o
Guatemala
o
Colombia
o
Ecuador
o
Argentina
o
Brazil
o
Peru
·
Europe
o
Germany
o
Russia
o
Ukraine
o
UK
·
Asia Pacific
o
China
o
India
o
Malaysia
o
Indonesia
·
Middle East & Africa (MEA)
o
Turkey
o
South Africa
About
Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
