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Research analysis on the global bleaching clay market identifies that the growth in automotive industry will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of more than 6% by 2021. The growth in the automotive industry will drive the mineral oil-based lubricants market which indirectly fuels the growth of the bleaching clay market as it is associated with the refining and decolorizing of mineral oil. Mineral oil-based lubricants are increasingly used in automotive applications due to the reduction of friction by improving the function of the bearing surfaces. This growing demand from automotive industry will impact the mineral oil-based lubricants market during the forecast period and propel the market growth.
The rising demand for trans-fat alternatives will be one of the latest trends that will contribute to the growth of this market. The rising health problems due to the consumption of trans-fat acids have paved the way for the innovation and adoption of effective alternatives. It is observed that the best alternatives to trans-fat are vegetable oils such as corn, peanut, canola, sunflower, rice bran, and olive are naturally steady at high temperatures. This growing need for trans-fat alternatives is projected to drive the growth of the bleaching clay market during the forecast period.
The bleaching clay market is growing consisting of key vendors present in APAC. These key vendor production facilities are fully integrated and undertake the industrial activities ranging from mining to the processing of bleaching clay. The competitive environment in this market is likely to increase with the rising adoption of acquisition strategies by key vendors. Also, the vendors compete on the based on the factors, such as the cost of production, innovation in products, price, operational cost, R&D cost, and product quality.
The leading vendors in the market are -
The other prominent vendors in the market are AMC (UK), Chicason Group, Kavya Impex, 20 Microns Nano Minerals, Prakash Chemicals, Refoil Earth, South Pacific Chemical Industries, Tahir Asad Industries, The Matrix Group, the W group, and Zeotec Adsorbents.
During 2016, the edible oils and fats segment accounted for the major shares of the bleaching clay market. The utilization of bleaching clay to retain the original color, odor, and flavor of the edible oils and its ability to be stored over a long period of time, will contribute to the growth of this industry segment in the coming years.
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the bleaching clay market throughout the forecast period. The rising demand from the automotive lubricants market and the significant economic development, will be the major factors fueling the growth of the market in this region.
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Bleaching clay refers to a variety of clay which has a higher adsorption power for decolorizing and refining oils and fats. The major source material for bleaching clay is montmorillonite, which is also referred to as hydrated aluminum silicates. This upcoming research report on the global bleaching clay market offers insights into the major trends and forthcoming drivers influencing the growth of the chemicals and materials industry. Our industry reports for the chemical and materials industry also follow a scrupulous data collection methodology and present an extensive analysis of fast growing market segments like metals and minerals.
By considering the market forecast and size, surging demand for various segments in the chemical and materials sector, the market research professionals at Technavio present an all-inclusive picture of the global bleaching clay market for the period of 2017 to 2021. Furthermore, our research practices support clients develop impactful growth strategies and keep pace with the continually changing market dynamics. This market research report also presents an extensive analysis of various products and services based on the insights from the information gathered from specific resources such as channel partners and market stakeholders.
This forthcoming market research report on the bleaching clay market also covers vendors like Taiko Group of Companies, Oil-Dri Corporation of America, Clariant International AG, BASF SE, Musim Mas Holdings, W Clay Industries, AMC (UK) Ltd., and HRP Industries. Furthermore, to offer clients the ability to identify lucrative market opportunities and expand in niche markets, this report on the bleaching clay market also covers geographies like the Americas, APAC, and EMEA.
The upcoming industry research report on the bleaching clay market also categorizes the prominent drivers, key trends, along with the imminent restraints that the metals and minerals sector currently experiences. This upcoming report on the bleaching clay market presents insights into the rapidly changing competitive landscape to give clients a complete picture of the forthcoming events within the chemical and materials industry. Technavio also offers in-depth market assessments into the sectors such as industrial gases and olefins.
Our market research methodology for the global bleaching clay market
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
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