The Europe Bleaching Clay Market would witness market growth of 6.4% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 456.98 kilo tonnes, showcasing a growth of 19.2% (2020-2023).
Natural bleaching clay, derived primarily from bentonite deposits, is a key product in the market valued for its natural adsorption properties. Uniquely rich in minerals and with a high surface area, natural bleaching clay effectively removes impurities, colorants, and contaminants from various substances, particularly in the purification of edible oils, petrochemicals, and cosmetics. Thus, the Germany market would utilize 71.39 kilo tonnes of Natural bleaching clay by 2031.
The Germany market dominated the Europe Bleaching Clay Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $81.7 Million by 2031. The UK market is exhibiting a CAGR of 5.4% during (2024 - 2031). Additionally, The France market would experience a CAGR of 7.2% during (2024 - 2031).
It finds applications in purifying various industrial chemicals and solvents, including mineral oils, waxes, and glycerine. By adsorbing contaminants and trace impurities, it improves chemical products' purity, clarity, and functionality, enabling their use in diverse industrial processes and applications. It is widely used to purify mineral oils, including lubricating, transformer, and hydraulic fluids. These oils often contain impurities such as colorants, oxidation products, and trace contaminants that can degrade performance and reliability. It adsorbs these impurities, improving oil clarity, stability, and oxidation resistance, thus extending equipment lifespan and enhancing operational efficiency.
Moreover, the growing cosmetics sector is expected to drive the demand for bleaching clay as cosmetic manufacturers seek to enhance product quality, aesthetics, and consumer appeal. As per the data provided by the International Trade Administration in 2021, the cosmetics sector in Canada generated approximately USD 1.24 billion in revenue. Industry revenue is expected to reach USD 1.8 billion by 2024. Likewise, as per the data from the International Trade Administration, for 2021, the total value of cosmetics produced in South Korea was $14.5 billion, and cosmetics exports hit a record high, growing 21.3 percent from the previous year to $9.2 billion. South Korea’s trade surplus in the cosmetics sector grew by 28.6 percent to $7.8 billion.
Additionally, the UK food and beverage sector relies on refined edible oils for various cooking and food processing applications. It is a key ingredient in the refining process of edible oils, where it is used to remove impurities, colorants, and off-flavors, resulting in high-quality, clear, and stable oils. The other food products category was the second largest, valued at £6.3 billion in the same year, contributing 20.6% to the total food and drink manufacturing GVA. Hence, Europe's rising food & beverage and pharmaceutical sectors will drive the expansion of the regional market.
Free Valuable Insights: The Global Bleaching Clay Market will Hit USD 1.6 Billion by 2031, at a CAGR of 6.7%
Based on Product Type, the market is segmented into Activated Bleaching Clay, and Natural Bleaching Clay. Based on Application, the market is segmented into Vegetable Oil & Animal Fats, Industrial Oil, and Mineral Oil & Waxes. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Product Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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