Bleaching Clay Market value is slated to expand substantially from 2023 to 2032 due to the rising popularity of sustainable energy sources, such as biofuels.
The globally growing trend of vegan diets, particularly among younger populations in the recent years, has increased the consumption of vegetable oils. As per estimates from Supplements101, the vegan population reached nearly 79 million in 2021. Bleaching clays are extensively used to remove impurities as well as coloring matter from liquids, including oils. Hence, the rising consumption of vegetable oils in a gamut of industries, including food & beverages will positively influence the industry expansion.
Bleaching clays are extensively adopted in the oil-refining industries and record considerable usage for water purification purposes. Lately, several firms are working towards establishing new facilities for expanding the rate of biofuel production worldwide to match the rising requirement for sustainable fuels. For instance, Royal Dutch Shell, in September 2021, constructed a new biofuels plant across the Netherlands in a bid to attain net-zero carbon emission targets by 2050.
The COVID-19 pandemic significantly impacted the bleaching clay market as it caused the fluctuations in oilseed production. The hampered operations and supply chain disruptions in the industrial scenario led by the swiftly rising inflation rate and the emergence of the Ukraine-Russia war are other factors limiting the industry growth. However, the growing consumption of oilseed and oilseed products in the post-pandemic era and the gradually changing war situation will prove profitable for the bleaching clay industry with the rapid surge in output by oil refiners for fulfilling the steady uptick in the oil demand from Europe, the U.S., and Asia.
Bleaching clay market share from the edible oil and fat refining segment is slated to rise exponentially by 2032. The growth can be attributed to the rapid adoption of bleaching clays in oil refining processes for eliminating impurities, such as pigments, free fatty acids, phospholipids, and foreign flavors. The presence of certain pigments in crude vegetable oils, such as soybean, canola, and palm oils is found to be harmful to human health. Thus, the increasing adoption in decolorizing and refining processes will favor the industry application outlook.
Latin America bleaching clay market will record substantial expansion through 2032 owing to the increasing refining processes for biofuels. Latin America has emerged as the largest biofuel hub in the world given the rising biodiesel production levels. This has, in turn, led to the thriving need to expand production activities in the continent. For instance, in April 2021, Brazil-based ECB Group picked Honeywell’s UOP Ecofining process for converting inedible animal fats as well as vegetable oils into jet fuel and renewable diesel at its Paraguay-based Omega Green production facility. Hence the increasing number of advanced biofuels projects will drive the regional market growth.
Global bleaching clay market leading players include Ashapura Group of Companies, Oil-Dri Corporation of America, BASF SE, Refoil Earth, Clariant International, Taiko Group, Minerals Technologies Inc (formerly AMCOL Specialty Minerals), W Clay Industries, AMC, and Musim Mas Holdings.