[Research Report] Bleaching clay market size was valued at US$ 1.27 billion in 2022 and is expected to reach US$ 2.09 billion by 2030; it is estimated to register a CAGR of 6.5% from 2022 to 2030.
Market Insights and Analyst View:
Bleaching clay, also known as bleaching earth, is a natural or synthetic substance widely used in various industries, particularly in refining edible oils. This versatile material plays a crucial role in removing impurities and unwanted color from oils, making them suitable for consumption and various industrial applications. The primary source of natural bleaching earth is bentonite, a type of absorbent aluminum phyllosilicate clay. Its structure contains layers of negatively charged ions, allowing it to attract and absorb positively charged impurities, such as pigments and contaminants present in oils. The activation process involves treating the clay with acid to enhance its adsorption capacity, creating activated bleaching clay. In the oil refining industry, this clay is employed as a key component in the bleaching process. Crude oils often contain pigments, phospholipids, and other undesirable substances affecting taste, color, and stability. The bleaching clay adsorbs these impurities, resulting in a cleaner and more refined oil. This process is crucial in producing high-quality cooking oils and fats.
Growth Drivers and Challenges:
The growing food and beverage industry demand is a significant driver for the increasing demand for bleaching clay. In the food sector, oils and fats play a crucial role in various products, from cooking oils to processed foods. However, these oils often contain impurities and pigments that can negatively impact the quality and appearance of the final products. This is where this clay comes into play. Bleaching clay is extensively used in the edible oil refining process to remove unwanted color, odors, and impurities from oils.
As the food and beverage industry continues to expand globally, the need for high-quality ingredients becomes paramount. Consumers are increasingly conscious of the quality of the products they consume, and this has led manufacturers to invest in processes that ensure the purity and aesthetic appeal of their food items. The use of this clay in oil refining enhances the visual appeal of oils and improves their shelf life and stability. This is crucial for the food industry, where product consistency and longevity are key factors. As consumer preferences shift towards healthier and more natural options, the demand for refined oils without undesirable elements becomes more pronounced, further driving the use of this clay. Moreover, the versatility of bleaching earth extends beyond oils and various food-related applications. It is employed in the purification of waxes and other ingredients used in food processing. The ability of bleaching clay to effectively remove impurities aligns with the industry's commitment to delivering clean-label products that meet the demands of health-conscious consumers.
However, stringent government regulations pose a significant challenge to the growth of the bleaching clay market. In the food and beverage industry context, regulatory bodies often establish strict standards to ensure the safety and quality of consumable products. These standards may include limitations on the presence of certain substances or contaminants in food items. While bleaching earth is a widely accepted and effective tool for purifying oils, concerns may arise regarding the residual levels of the clay's components in the refined products. In addition, as industries seek more efficient and sustainable solutions for oil refining and purification processes, innovative technologies emerge as viable alternatives to traditional methods involving this clay. These alternatives often promise improved performance, reduced environmental impact, or cost advantages, diverting attention and demand away from traditional bleaching clay applications. All these factors could limit the growth of the bleaching clay market.
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Bleaching Clay Market: Strategic Insights
Bleaching Clay Market
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CAGR (2023 - 2031)
6.50%
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Market Size 2023
US$ 1.35 Billion
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Market Size 2031
US$ 2.24 Billion
Market Dynamics
GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players
- AMC (UK) Ltd.
- AMCOL Specialty Minerals
- Ashapura Group of Companies
- BASF SE
- Clariant International
- HRP Industries
- Musim Mas Holdings
- Oil-Dri Corporation of America
- Taiko Group of Companies
- W Clay Industries
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Product
- Fuller's Earth
- Activated Clay
- Activated Bauxites and End-Use
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Bleaching Clay Market: Strategic Insights
-
CAGR (2023 - 2031)6.50% -
Market Size 2023
US$ 1.35 Billion -
Market Size 2031
US$ 2.24 Billion
Market Dynamics
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- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
Key Players
- AMC (UK) Ltd.
- AMCOL Specialty Minerals
- Ashapura Group of Companies
- BASF SE
- Clariant International
- HRP Industries
- Musim Mas Holdings
- Oil-Dri Corporation of America
- Taiko Group of Companies
- W Clay Industries
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Product - Fuller's Earth
- Activated Clay
- Activated Bauxites and End-Use
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Segmentation and Scope:
The "Global Bleaching Clay Market Analysis to 2030" is a specialized and in-depth study with a major focus on market trends and growth opportunities across the globe. The report aims to provide an overview of the market with detailed market segmentation by product and end-use. The market has witnessed high growth in the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of bleaching clay globally. In addition, the report provides a qualitative assessment of various factors affecting the market performance globally. The report also includes a comprehensive analysis of the leading players in the market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.
Further, ecosystem analysis and Porter's five forces analysis provide a 360-degree view of the market, which helps understand the entire supply chain and various factors affecting the growth of the global bleaching clay market.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Segmental Analysis:
The global bleaching clay market is segmented on the basis of product, end-use, and geography. Based on the product, the market is bifurcated into fuller's earth, activated clay, and activated bauxites. In terms of end-use, the market is segmented into food & beverages, personal care & cosmetics, oils & lubricants, and others. The activated bauxite segment is expected to register a significant share of the market. The activated form of bauxite possesses a large surface area with active sites, allowing it to adsorb contaminants and enhance the quality of refined products. Moreover, the chemical composition of activated bauxite, rich in aluminum oxides, contributed to its adsorptive properties. This characteristic makes it particularly valuable in oil refining processes where the removal of unwanted substances, such as pigments and phospholipids, is essential for producing high-quality and visually appealing oils. The versatility of activated bauxite extends beyond its use in the food and beverage industry. It finds applications in various sectors, including the production of biofuels, pharmaceuticals, and chemicals. The growing demand for cleaner and more refined products across these industries has further fueled the adoption of activated bauxite in purification processes. All these factors are driving the activated bauxite segment growth in the bleaching clay market.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Regional Analysis:
Based on geography, the bleaching clay market is segmented into five key regions—North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. The Asia Pacific region held a significant share in 2022. As countries in Asia Pacific witness rising populations and increasing disposable incomes, the demand for processed and packaged foods has grown significantly. Editable oil is a key ingredient in these food products, and bleaching earth is essential in the oil refining process to remove impurities and enhance color. Additionally, Asia Pacific's beauty and cosmetics industry contributes to the increased demand for this clay. The region has witnessed a growing awareness and inclination towards skincare and beauty products. Bleaching earth is utilized to purify natural oils used in cosmetics, ensuring the final products meet the high standards consumers expect. These factors are driving the growth of the Asia Pacific bleaching clay market.
Further, North America's dynamic edible oil sector is a significant market driver. As the consumption of processed and packaged foods continues to rise, there is a growing need for high-quality edible oils. Bleaching clay plays a crucial role in the refining process, helping remove impurities and undesirable colors and ensuring that the final edible oils meet the stringent quality standards set by the industry. In addition, North America's pharmaceutical and cosmetic industries contribute to the demand for bleaching clay. The purification of oils and waxes used in pharmaceuticals and cosmetics is essential to meet the stringent regulatory requirements and ensure the production of high-quality products. Bleaching earth serves as a reliable agent in achieving these purification standards.
Furthermore, Europe has also registered a significant growth from 2022 to 2030. The rising consumption of edible oils, particularly refined vegetable oils, is a significant driver of bleaching clay demand in Europe. As consumers become more health-conscious and demand for healthier food products increases, the use of refined vegetable oils, which are perceived as healthier alternatives to traditional oils, is also on the rise. Bleaching earth plays a crucial role in the refining process of vegetable oils, removing impurities and enhancing their color and clarity. These factors are expected to drive the demand for this clay in Europe.
Industry Developments and Future Opportunities:
Various initiatives taken by the key players operating in the bleaching clay market are listed below:
- In November 2022, Shell Eastern Petroleum announced that it had purchased the Asia-based waste oil recycling firm EcoOils. EcoOils has a production capacity of 65,000 tons per year of spent bleaching earth oil, a type of recycled oil that can be used as feedstock for biofuel production.
COVID-19 Impact:
The COVID-19 pandemic adversely affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA) hampered the growth of several industries, including the chemical & materials industry. The shutdown of manufacturing units of bleaching clay companies disturbed global supply chains, manufacturing activities, and delivery schedules. Various companies reported delays in product deliveries and a slump in their product sales in 2020. Most of the industrial manufacturing facilities were shut down during the pandemic, decreasing the consumption of this clay. In addition, the COVID-19 pandemic has caused fluctuations in the prices of this bleaching earth. However, various industries revived their operations after supply constraints were resolved, which led to a revival of the bleaching clay market. Moreover, the rising demand for this clay from the edible oils, personal care & cosmetics, and lubricants industry is substantially promoting the growth of the bleaching clay market.
Competitive Landscape and Key Companies:
Clariant International Ltd; EP Engineered Clays Corporation; HRP Industries; Musim Mas Group; Ashapura Perfoclay Limited; Taiko Clay Marketing Sdn. Bhd; Oil-Dri Corporation of America; Artha Mineral Resources; Minerals Technologies Inc; and TOLSA are among the players operating in the global bleaching clay market. The market players focus on providing high-quality products to fulfill customer demand.
Bleaching Clay Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1.35 Billion |
| Market Size by 2031 | US$ 2.24 Billion |
| Global CAGR (2023 - 2031) | 6.50% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, and End-Use
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies
1. AMC (UK) Ltd.
2. AMCOL Specialty Minerals
3. Ashapura Group of Companies
4. BASF SE
5. Clariant International
6. HRP Industries
7. Musim Mas Holdings
8. Oil-Dri Corporation of America
9. Taiko Group of Companies
10. W Clay Industries
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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