ID: MRFR/CnM/3307-HCR | February 2021 | Region: Global | 135 pages
In addition, the global activated bleaching earth market has been expected to grow at a CAGR of 4.2%, with a value of USD 4.2 billion during the estimated forecasting period of 2022-2027.
The activated bleaching earth refers to the clay mine rich in minerals extracted from the earth. Such materials are mainly used to refine edible oils or animal fats for the consumption of humans by removing the impurities and unwanted matter like trace metals, coloring the agents, carotenoids content, and others. The growing demand for edible oil and fat and the increasing demand from the food and agricultural sectors are major drivers. On the other hand, the detrimental effects of oil adsorption during refining mineral or edible oil may be a major issue for the global market.
As the global activated bleaching earth market and other chemicals industries play an important role in the economic recovery of other countries, the activated bleaching earth market has witnessed a potential opportunity during the short-term period in the international market. The activated bleaching earth is also considered as wash clay. It is also used to remove the colors from edible oils and fats. It is produced from the clays, which generally contain high proportions of montmorillonites through acid activation. The activated bleaching earth is used in fish oils, and the fish concentrates that typically Omega-3 fish oils, tallow oil, lard oil, etc. It is also used in the refining of vegetable oils. The overall usage of vegetable oils in food application is expected to grow both in developed and developing countries in the upcoming years, attributed to the increase in the number of health-conscious people, the emerging global population, and the changing lifestyle of people worldwide, from lower growth rate to the current and tenth edition of the global activated bleaching earth market outlook, which estimates the market to register the moderate-to-high growth rate during the projected forecasting period of quarters. The activated bleaching earth, which is the original form of the betonies, has been treated to improve the ability of absorption. The clay is processed with acid, which adds the clay's adsorption properties considerably.
The activated bleaching earth market size has also faced a huge impact compared to the international market sectors. Like other industries, this activated bleaching earth market sector is also facing a lack of raw materials as well as insufficient other industrial equipment and accessories. But in the modern world, every manufacturing industry's demand for advanced manufacturing equipment for which the demand of the global market has increased significantly due to this reason. Due to the stoppage of the international commercial vehicles, the global market and the leading investors and market key shareholders have been facing a huge loss in their business lines. Several regions are also willing to invest a huge amount in making great infrastructure facilities to overcome the global epidemic conditions.
Chief Factors Existing in the Market:
Cumulative Evaluation of the Market:
At present, there is a lot of new technology, and new equipment have come up in the activated bleaching earth market, for which the increasing maximum number of products within a few time has been possible. Most of the new faces in the business sectors have commonly implemented such technology. During the lockdown time, the investors and the leading shareholders of the global market have lost their business. Due to the stoppage of international commercial activities, the entire business and the global activated bleaching earth market share have crashed. Industries from several regions have implemented the stoppage of production work in their factories. Due to the world-health emergency, most governments from several nations have issued a strict lockdown procedure on the entire region. Some prominent market industries have been facing a lack of raw materials and other industrial equipment to continue the production work.
According to the activated bleaching earth market analysis report, the global market has been divided into four types: material type, technology, application, and regional basis. The global market has been segmented into four sections bentonite, attapulgite, sepiolite, and others, in terms of material type. With the technology section, the entire activated bleaching earth market has been classified into two sections such as dry bleaching and wet bleaching. According to the application segment, the market is divided into five parts edible oils, mineral oils & lubricants, chemicals, cosmetics and others. The regional section is further classified into five parts: Asia-Pacific, Europe, North America, South America, and Middle East & Africa.
The Asia-Pacific region has expected to increase and currently holds the largest market share of the global activated bleaching earth market. China holds the largest share of vegetable oil consumption and the production market sectors. Though the production volume is high, the consumption exceeds the production rate. As a result, higher import volumes are possible compared to the export volumes in the international business sectors. Following China, India holds the second-highest consumer and the highest importer of vegetable oils worldwide. The consumption rate also affects the global activated bleaching earth market sectors more. According to the recent market report, India is expected to maintain a high capital record of growing consumption of almost 3.1% per quarter.
Competitive Intensity within the Market:
The increasing edible oil production in countries like China, Malaysia, Indonesia, and India will lead to population growth. Due to such reasons, the market has been expected to increase vastly during the estimated forecasting years. Central & South America has also expected to witness significant growth that reaches over USD 350 million within the year 2022. The new production rate of edible oil will drive the market sectors of Argentina, which has expected to increase during the estimated forecasting period. According to this, the most advanced and new industries have come up in the present market. With the help of them, the production rate of several industries has also increased significantly as well as successfully. The global activated bleaching industry is highly exploding with the presence of a huge number of small players all across the globe.
Some of the key market players are listed below:
Recent Market Development:
January 2022: The Heubach Group, a global pigment manufacturer headquartered in Germany, and private equity company SK Capital Partners have finalised the acquisition of Clariant's Global Colorants Business ("Clariant Pigments"). Clariant is a market leader in the production of a range of products, including activated bleaching earth. The united company will operate under the Heubach name, becoming a global pigment technology and industry leader with its headquarters currently in Vienna, Austria. Heubach Group is a global manufacturer of corrosion protection pigments, organic and inorganic colour pigments, hybrid pigments, and pigment preparations for use in the plastics, paint, printing, and building industries, as well as for other high-quality niche applications. SK Capital's increasing portfolio of speciality materials, chemicals, and pharmaceutical companies includes a majority stake in Techmenr PM, a specialty chemicals company situated in New York City.
The demand for the activated bleaching earth has been increasing rapidly due to its primary use to refine edible oils or animal fats for humans' consumption, improving impurities and unwanted matter. The consumption of the activated bleaching earth is particularly so high in the Asia-Pacific region due to the prevalence of densely populated countries like India and China and the increase in consumption from the food and agricultural economy of the world. Furthermore, the government of India also announced a financial expenditure of approximately INR 11,040 crore, almost USD 1.4 billion, in the cultivation and farming sectors for the next five years. The slow and steady increase of the edible oil production industries will also need the activated bleaching earth to refine the edible oil and remove impurities. All such things will ultimately grow the production work of such industries, which will lead to an increase in the global activated bleaching earth market sector.
All this report comes out as an intelligent and thorough study and a great resource that will help you secure all the positions of strength in the global activated bleaching earth market. The entire report covers the global activated bleaching market, the growth rate, and revenue sections. The report also provides complete details on the market challenges, market restraints, market opportunities, and all the key issues of the global market. Also, this report indicates a thorough analysis of the market segmentation in which a reader can easily understand the entire analysis of information about the different regional sectors.
Key Industrial Segmentation:
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Material Type, Technology, Application and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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).|
|Key Market Opportunities||The growing automotive industry is leading to strong demand for lubricants,|
|Key Market Drivers||The increase in edible oil consumption across the globe due to the growing population.|
Frequently Asked Questions (FAQ) :
The global market is expected to reach a CAGR of 4.2%, with a value of USD 4.2 billion during the estimated forecasting time.
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.