The global bleaching clay market size is expected to reach USD 1.94 billion by 2028 according to a new study by Polaris Market Research. The report “Bleaching Clay Market Share, Size, Trends, Industry Analysis Report, By Product (Natural Bleaching Clay, Activated Bleaching Clay); By Application; By Region; Segment Forecast, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Major factors involved in the growth of the global industry include the increased production of edible oils, mineral oils, and animal fats. The increasing awareness among people for a healthy diet will also contribute the industry growth. There is a huge demand for bleach soil owing to the increased production of edible oils such as palm oil, sunflower oil, soybean oil, and others.
The product improves the quality of edible oil by removing color, contaminants, and fats from the edible oil. Every year there is a 0.9% growth in the consumption of vegetables across the globe and the per capita consumption of vegetable oil in India and it is expected to be around 15 kg, by 2028.
The use of the bleaching soil in mineral oil such as lubricants is expected to further fuel the growth of the global industry. The product can remove contaminants such as sludge and sulfuric acid from the mineral oil. Lubricant production volume was estimated to be 35 million tons, in 2020.
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The bleaching product is mined in many countries such as the U.S., India, and others. It has important applications in removing multiple contaminants that include soluble components of chemical and organic compounds. The activated product is generated by the acidification of bentonite soil with hydrochloric or sulfuric acids. It is mainly used in the refining and decolorizing of edible and non-edible oils.
COVID-19 is expected to hinder the growth of the global market during the forecast period as there is a significant slowdown of edible oil consumption in the food & beverages industry due to the shutdown of many restaurants during the pandemic times. The mineral oil industry has also taken a hit due to decreased oil consumption by vehicles due to the lockdown imposed in many countries.
Market participants such as
Clariant, AMC (U.K.) Ltd., Indian Clay & Mineral Co., Taiko Group of Companies, MANEK ACTIVE CLAY PVT. LTD., Phoenix Chemicals (Pvt.) Ltd., Ashapura Perfoclay Limited (APL), Refoil Earth Pvt. Ltd., Korvi Activated Earth, Musim Mas Holdings Pte. Ltd., Oil-Dri Corporation of America, The W Clay Industries Sdn. Bhd. are some of the key players operating in the global market.
Polaris Market Research has segmented the bleaching clay market report on the basis of product, application, and region:
Bleaching Clay, Product Outlook (Volume - Kilotons; Revenue - USD Million, 2016 – 2028)
Bleaching Clay, Application Outlook (Volume - Kilotons; Revenue - USD Million, 2016 – 2028)
Bleaching Clay, Regional Outlook (Volume - Kilotons; Revenue - USD Million, 2016 – 2028)