The Activated Bleaching Earth Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Activated Bleaching Earth Global Market Report 2024, The activated bleaching earth market size has grown strongly in recent years. It will grow from $2.9 billion in 2023 to $3.06 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to growing edible oil refining industry, increasing awareness of health benefits, industrialization in emerging markets, stringent quality standards, globalization of food trade.
The activated bleaching earth market size is expected to see strong growth in the next few years. It will grow to $3.78 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to continued expansion of edible oil industry, increasing demand for biofuels, rising health consciousness, evolution of stringent regulatory standards, focus on sustainable practices. Major trends in the forecast period include innovative cosmetic solutions, product innovations, strategic partnerships, investments in chemicals production.
Rising demand for edible oils is expected to propel the activated bleaching earth market forward. Edible oil is a fatty liquid physically extracted from various vegetables and animal tissues, with olive oil being the most popular for its taste and health benefits. The activated bleaching earth is used to remove impurities from edible oil. For instance, in March 2022, according to an article published by the INTERNATIONAL OLIVE COUNCIL, a Spain-based intergovernmental association of states that produce olives or manufacture olive-derived products like olive oil, consumption of oil is expected to exceed 3.2 million tons in 2021/22 and global consumption of olive oil is expected to reach 3,214,500 tons in the 2021/22 crop year, a 2.9% increase over the 2020/21 crop year. Therefore, the rising demand for edible oils is driving the growth of the activated earth market.
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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
Technological advancements are the key trend in the activated bleaching earth market. Major companies and research institutes operating in the market are developing innovative technologies to produce low-cost, ecologically safe and unique applications of activated bleaching earth to sustain their position in the market. For instance, in 2020, according to a report published by IOP Publishing, a UK-based institute of physics publishing house, spent bleaching earth (SBE) was successfully regenerated by a three-hour calcination procedure at 500 °C in an air atmosphere, followed by acid activation. The adsorbent capacity of the regenerated spent bleaching earth (SBE) was comparable to that of virgin bleaching earth (VBE), demonstrating the regenerated SBE’s intriguing potential for various applications, especially in the palm oil refining sector.
The activated bleaching earth market report table of contents includes:
1. Executive Summary
2. Activated Bleaching Earth Market Characteristics
3. Activated Bleaching Earth Market Trends And Strategies
4. Activated Bleaching Earth Market – Macro Economic Scenario
5. Global Activated Bleaching Earth Market Size and Growth
……………….
31. Global Activated Bleaching Earth Market Competitive Benchmarking
32. Global Activated Bleaching Earth Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Activated Bleaching Earth Market
34. Activated Bleaching Earth Market Future Outlook and Potential Analysis
35. Appendix
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