How Has The Activated Bleaching Earth Market Size Evolved In Recent Years?
The activated bleaching earth market has seen considerable growth due to a variety of factors.
• Over the past few years, the market size of activated bleaching earth has been exhibiting steady growth. It is projected to expand from $3.02 billion in 2024 to $3.16 billion in 2025, with a compound annual growth rate (CAGR) of 4.9%. This notable increase during the historic period can be credited to the expansion of the edible oil refining industry, heightened health consciousness, industrialization in developing markets, rigorous quality protocols, and the internationalization of the food trade.
What Is The Projected Growth Of The Activated Bleaching Earth Market?
The Activated Bleaching Earth market is expected to maintain its strong growth trajectory in upcoming years.
• It is anticipated that the activated bleaching earth market will experience robust growth in the coming years, with its market size reaching $4.02 billion by 2029, delivering a compound annual growth rate (CAGR) of 6.1%.
The escalation during the forecast period is underpinned by the ongoing enlargement of the edible oil sector, heightened biofuel demand, increased awareness of health, the development of stringent regulatory norms, and an emphasis on sustainability. The major tendencies projected for this period consist of inventive cosmetic solutions, product innovation, strategic partnerships, and influx in chemical production investments.
What Are The Key Drivers Fueling Growth In The Activated Bleaching Earth Market?
The activated bleaching earth market is predicted to surge with the mounting demand for edible oils. Made from a combination of various vegetable and animal tissues, edible oil is known for its health benefits and unique flavors, particularly olive oil. Activated bleaching earth plays a key role in eliminating impurities from these edible oils. A report from the International Olive Council in Spain, a global intergovernmental body overseeing olive and olive oil production, stated in March 2022 that the consumption of oil in the 2021/22 crop year is poised to surpass 3.2 million tons, a 2.9% uptick from the prior year. This immediate surge naturally aligns with an increase in demand for edible oils, presenting a positive outlook for the activated earth market.
What Are The Principal Market Segments In The Global Activated Bleaching Earth Industry?
The activated bleaching earth market covered in this report is segmented –
1) By Mineral Type: Bentonite, Attapulgite, Sepiolite, Other Mineral Types
2) By Technology: Dry Bleaching, Wet Bleaching
3) By Application: Edible Oil and Fats, Mineral Oil and Lubricants, Chemicals, Other Applications
Subsegments:
1) By Bentonite: Sodium Bentonite, Calcium Bentonite
2) By Attapulgite: Natural Attapulgite, Activated Attapulgite
3) By Sepiolite: Natural Sepiolite, Modified Sepiolite
4) By Other Mineral Types: Fuller's Earth, Kaolin, Other Clays
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Which Emerging Market Trends Are Altering The Activated Bleaching Earth Industry?
Major firms in the acetic acid market are shifting their focus towards creating cutting-edge products such as bio-based acetic acid, aiming to boost sustainability and diminish their impact on the environment. Bio-based acetic acid is derived from renewable biomass sources like plant materials or agricultural waste, as a replacement for traditional petroleum-based inputs. This alternative presents a more eco-friendly option with a smaller carbon footprint for a wide range of industrial uses. Taking, for example, In May 2023, Sekab BioFuels and Chemicals AB, a chemical entity based in Sweden, launched its version of bio-based acetic acid which is not only a sustainable alternative to fossil fuels but also significantly curbs carbon emissions, promoting a healthier environment. It finds its applications in various sectors including food preservation, cosmetics and the manufacturing of industrial chemicals such as vinyl acetate monomer.
Who Are the Key Players In The Activated Bleaching Earth Market?
Major companies operating in the activated bleaching earth market include:
• Clariant AG
• Taiko Bleaching Earth Sdn Bhd
• Ashapura Perfoclay Limited
• The W Clay Industries Sdn Bhd
• HRP Industries
• Musim Mas Holdings Pte. Ltd.
• Royal Dutch Shell PLC
• Oil-Dri Corporation of America
• Taiko Holdings Co. Ltd.
• AMC Limited
• Indian Clay And Mineral Co.
• Korvi Activated Clay Pvt. Ltd.
• Phoenix Chemicals (Pvt.) Ltd.
• Refoil Earth Pvt. Ltd.
• Global Bleach Chem Pvt. Ltd.
• Shenzhen Aoheng Science and Technology Co. Ltd.
• Zeotec Adsorbents Private Limited
• Microns Ltd.
• EP Minerals LLC
• PT Tunasinti Bhaktimakmur
• Ashapura Group
• BASF SE
• Manek Active Clay Pvt. Ltd.
• Sunny Earth Minerals Ltd.
• Nav Bharati Chemicals Pvt. Ltd.
• Shiv Shakti Mine Chem Pvt. Ltd.
• Shri paras Enterprises
• L. Chhotalal & Company
• Lakshmiwadi Mines & Minerals (P) Ltd.
• Benton Bleach-Chem India Pvt. Ltd.
• Taiko Chandernagar Chemicals Pvt. Ltd.
What Are The Regional Insights Into The Activated Bleaching Earth Market?
Asia-Pacific was the largest region in the activated bleaching earth market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the activated bleaching earth market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
