NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global activated bleaching earth market is expected to reach a market valuation of US$ 2.46 Billion by the year 2022, accelerating with a moderate CAGR of 5% by 2022-2032. Activated bleaching earth market size is anticipated to be valued at about US$ 4 Billion by 2032 end.
The increasing use of bleaching earth relative to other absorbents in various oil processing industry processes is the primary growth driver of the activated bleaching earth market.
In the coming years, an increase in the production of edible oils and fats could fuel the growth of the activated bleaching earth industry. Future growth in the mineral oil industry is anticipated to have a beneficial effect on the demand for activated bleaching earth.
In addition, manufacturers are employing improved bleaching techniques to provide consumers with edible oils of a more dependable quality, due to users' concerns regarding the quality of these oils. These reasons are expected to propel the expansion of the global activated bleaching earth market.
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Customers are becoming more aware of their eating habits and may be inclined to consume foods with minimal fat or oil content. This shift in habit could enhance the demand for activated bleaching earth and propel the market for bleaching earth.
Utilization and consumption of edible oils and fats are the key forces driving the activated bleaching earth market's expansion. Adaptation to and demand for healthy eating habits with low-fat oil are further factors driving the activated bleaching earth market expansion. In addition, the rising demand for biofuel is a factor that has a favorable impact on the activated bleaching earth market.
In addition, the increasing demand for biofuel, which is derived from vegetable oil, is one of the factors driving the activated bleaching earth market, particularly in industrialized nations. In North America and Europe, the activated bleaching earth market is expected to be driven by the increasing adoption of healthy eating habits and consumption of low-fat oil.
There are various restraints and limitations that will inhibit activated bleaching earth market expansion. During the projection period, factors such as the increasing demand for bleaching alternatives such as acid-activated bleaching earth, natural bleaching earth, activated carbon, and synthetic amorphous silica compounds are anticipated to restrain growth.
In addition, the limited recovery of the edible oils after bleaching is a significant limitation on the global demand for activated bleaching earth. Nonetheless, the ongoing evolution of technologies, the expansion of the automotive sector, and the untapped potential of emerging activated bleaching earth markets present growth opportunities.
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Key Takeaways from Market Study
- Asia Pacific is predicted to experience the most increase in the activated bleaching earth market in the coming years. China is anticipated to be the major revenue contributor to the growth of the activated bleaching earth market in this region. India is anticipated to rank second to China.
- In the future years, the activated bleaching earth market is anticipated to expand significantly in Europe due to the anticipated rise in the adoption of bleaching earth techniques in countries such as the United Kingdom and Germany.
- Countries in the Middle East such as Bahrain and Egypt may experience an increase in demand for edible oils and fats, which may have a favourable effect on the activated bleaching earth market in this region.
- Asia Pacific dominated the activated bleaching earth market in 2021, accounting for almost 63.5 percent of the total revenue.
- The sector of edible oils and fats led the demand for activated bleaching earth in 2021, accounting for more than 76.5 percent of the worldwide sales.
Competitive Landscape
Multiple international businesses are engaged in mergers & acquisitions, geographical expansion, and product improvements & inventions to strengthen their activated bleaching earth market position and increase profits on the global market, which is extremely competitive. The fragmentation of the industry is expected to occur from the emergence of small-scale producers in developing economies, especially China, Malaysia, Indonesia, and India.
Due to the unpredictability in the costs and availability of raw materials, activated bleaching earth businesses struggle to reach optimal production levels while efficiently allocating resources. The majority of players locate their manufacturing facilities close to the bentonite extraction facility, ensuring a consistent supply of raw materials.
The global demand for activated bleaching earth is fragmented. Ashapura Perfoclay Limited (APL), Global Bleach Chem Pvt. Ltd, Oil-Dri Corporation of America, Taiko Group of Firms, and The W Clay Industries Sdn. Bhd. are among the market's leading companies.
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Activated Bleaching Earth Market by Segmentation
By Application:
- Edible Oil & Fats
- Mineral Oil & Lubricants
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
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