Bleaching Clay Market Size, Share, Growth, Trends and Industry Analysis Report, 2016 to 2024
The global bleaching clay market size was valued at USD 701.4 million in 2015 and is predicted to grow at a CAGR of 5.1% from 2016 to 2024. The product has been used in the refinement of edible oil since the 19th century.
(firmenpresse) - 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.
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
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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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales(at)grandviewresearch.com
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Datum: 14.11.2019 - 14:15 Uhr
Sprache: Deutsch
News-ID 602218
Anzahl Zeichen: 2849
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Phone: 1-888- 202-9519
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Typ of Press Release: Financial
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Date of sending: 14.11.2019
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