Scienza e Tecnologia
Bleaching Clay Market to Exceed US$ 1.86 Bn in 2032 as Demand for Vegetable Oil Skyrockets
NEW YORK , June 7, 2022 /PRNewswire/ --
Increasing consumption of edible oil with rising purchasing power parity and changing lifestyles of people is expected to drive growth. Bleaching clay is extensively used for refining edible oil owing to its excellent absorbing and filtering properties.
Growth of the upper-middle-class population and increasing online retail of beauty and cosmetic products are also set to augment growth. Besides this, rapid urbanization, rising shift of consumers towards premium products, and higher usage of social media platforms are projected to fuel sales.
Moreover, increasing usage of attapulgite and montmorillonite clays backed by their high bleaching capacity will boost sales in the market. Manufacturers are likely to utilize innovative technologies and machinery to produce premium-quality bleaching clay in the forthcoming years.
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In addition to that, manufacturers worldwide are focusing on bulk production, as well as long-term agreements to strengthen their customer base. Increasing usage of natural bleaching clay in a wide range of industries, including wastewater treatment, biofuel, varnishes, and soaps is another factor contributing to the growth in the market.
Further, growing need to remove impurities from vegetable oils, such as edible lard, soybean, beef tallow, rapeseed, and palm is expected to spur demand. Bleaching clay also helps in lowering the oxidation, residual soaps, trace metals, pigments, and phosphatides products.
Growing usage of bleaching clay as an ingredient in ice creams, non-dairy creamers, and margarine formulations is another factor that is projected to bolster the market. On top of that, increasing demand for vegetable oils from the cosmetics industry for usage as a hair and skin conditioning agent will propel growth.
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The global market is partially fragmented in nature. The majority of the key players in the market are focusing on broadening their manufacturing capacities across the globe to increase production and cater to the ever-increasing demand from end-use industries.
Meanwhile, a few other key players are engaging in launching new products to expand their pre-existing product range. Some of the international companies are focusing on mergers and acquisitions with start-up firms to strengthen their resources.
For instance,
In the latest study, Fact.MR offers a detailed study on global bleaching clay market for the forecast period of 2022 to 2032. This study also highlights key drivers promoting the sales of bleaching clay through detailed segmentation as follows:
: Increasing development of oil-only clay absorbers equipped with all-purpose absorbent features by key players is set to drive growth. Besides, surging usage of clay absorbers in automotive to provide better traction in areas prone to oil spillage and promote less breakdown is another crucial factor that would foster growth.
: Increasing concerns regarding waste management and climate change across the globe is likely to push the geosynthetic clay liners market growth. Apart from that, rising usage of these clay liners to control water contamination and seepage in the construction and mining industries is projected to augment growth.
: According to Fact.MR, the global bleach precursor market is estimated to reach USD 483 Bn by 2032 and showcase immense growth at a CAGR of 9.2% from 2022 to 2032. This growth is attributable to the increasing usage of bleaching activators in paper and pulp, as well as textile industries worldwide.
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