Bleaching Clay Market to Exceed US$ 1.86 Bn in 2032 as Demand for Vegetable Oil Skyrockets

Demand for Bleaching Clay Grows Amidst Surging Need for Skin Conditioning Agents

The bleaching clay market research report offered by Fact.MR delivers in-depth information about key factors influencing sales and demand in the market. In addition to this, it provides insights into opportunities, growth drivers, challenges, and latest trends across significant regions and segments, including product and end use for the forecast period (2022-2032)

NEW YORK, June 7, 2022 /PRNewswire/ -- The global bleaching clay market size is expected to expand at a 7.2% CAGR over the forecast period. As per the report, sales of bleaching clay are likely to reach US$ 932.2 Mn in 2022 and US$ 1.86 Bn in 2032.

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.