ID: MRFR/CnM/3307-HCR | February 2021 | Region: Global | 135 pages
global activated bleaching earth market was valued at around USD 2.95 billion in 2018 and is expected to register a CAGR of around 4.9% during the forecast period, 2019–2025.
The bleaching earth is a process of removing impurities such as gums (phospholipids), trace metals, color (chlorophyll and carotenoids content), and soap from edible oils and fats to stop its oxidation process. These materials are mixed with water and then added to vegetable oils and fats. The bleaching earth is basically made from clay minerals such as bentonite, attapulgite, and sepiolite. The activated bleaching earth materials with a higher proportion of montmorillonite which increases its bleaching potential.
The growth of the activated bleaching earth market is driven by the increase in edible oil consumption across the globe due to the growing population. The increasing awareness about healthy lifestyles is also contributing to the market growth, as the contamination in edible oil affects the appearance, performance, and taste of the oil. The growing automotive industry is leading to strong demand for lubricants, which in turn, is contributing to the growth of the product market. Furthermore, the use of these absorbents seems to have an opportunistic market during the review period, as they help in reducing water usage and can eliminate the water washing process, and thus helps in saving water.
However, the rising popularity of various alternatives for bleaching such as natural bleaching earth, acid-activated bleaching earth, activated carbon, and synthetic amorphous silica compounds may hinder the growth of the global market for activated bleaching earth during the forecast period. Also, the low recovery of the editable oils after bleaching is challenging the growth of the product market.
The global activated bleaching earth market has been segmented based on material type, technology, application, and region.
By material type, the global activated bleaching earth market has been categorized as bentonite, attapulgite, sepiolite, and others.
Based on technology, the global activated bleaching earth market has been segregated into dry bleaching and wet bleaching.
Based on application, the global activated bleaching earth market has been divided edible oils, mineral oils & lubricants, chemicals, cosmetics, and others.
The global activated bleaching earth market has been cataloged into five regions, namely North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The market in Asia-Pacific held the largest share in the global activated bleaching earth market and is expected to be a dominant region during the forecast period. The growth in the region is attributed to the increase in the population leading to the high consumption of editable oils, thus, fueling the growth of the global market. Moreover, the region has a good agriculture industry yields to high production of oilseeds which serve as raw material for edible oils and is expected to have a positive impact on the growth of activated bleaching earth in the regional market.
The demand for activated bleaching earth in North America is driven by the increasing demand in the edible oil industry. Moreover, manufacturers are adopting advanced bleaching processes to provide the consumer with a better quality of edible oils attributed to the individuals' concern over the taste and quality of these oils. The high consumption of cosmetics products in the region also adds to the growth of the activated bleaching earth market as they are used for the production of vegetable oils, which is involved in the cosmetics formulations.
The European market holds a significant share in the global activated bleaching earth market which is attributed to the regulation set by governmental agencies such as the World Health Organization (WHO) which compels the manufacturers of bleaching earth to adopt processes; these factors lead to the production of low-fat oil products.
The growth of the activated bleaching earth market in the Middle East & Africa is rising due to the increasing consumption of edible oil & fats in countries such as Bahrain, South Africa, and Egypt.
Latin America is expected to witness sluggish growth in the activated bleaching earth market during the forecast period.
Some of the key players operating in the global activated bleaching earth market are BASF SE (Germany), Clariant AG (Switzerland), Taiko Group of Companies (Malaysia), AMC (UK) Ltd (UK), Ashapura Perfoclay Limited (APL) (India), Korvi Activated Earth (India), Musim Mas Holdings Pte. Ltd (Singapore), Oil-Dri Corporation of America (US), the W group (Malaysia), 20 Microns Ltd (India), HRP Industries (India), and Refoil Earth Pvt. Ltd (India).
Frequently Asked Questions (FAQ) :
The activated bleaching earth market is predicted to grow at a 4.9% CAGR between 2019-2025.
Asia Pacific is predicted to dominate the activated bleaching earth market during the forecast period.
Increasing consumption of edible oil, growing awareness about healthy lifestyles, and growing automotive industry are likely to boost the market growth.
Increasing popularity of alternatives may deter market growth.
Key competitors in the activated bleaching earth market include Refoil Earth Pvt. Ltd (India), HRP Industries (India), 20 Microns Ltd (India), the W group (Malaysia), Oil-Dri Corporation of America (US), Musim Mas Holdings Pte. Ltd (Singapore), Korvi Activated Earth (India), Ashapura Perfoclay Limited (APL) (India), AMC (UK) Ltd (UK), Taiko Group of Companies (Malaysia), Clariant AG (Switzerland), and BASF SE (Germany.