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AI In Oil And Gas Market Overview 2033 : Forecasted Market Size And Growth Rate
Activated Bleaching Earth Market Size
As per the report, 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 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%.
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Surging Edible Oil Demand Fuels Growth In The Activated Bleaching Earth Market
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.
Innovative Technological Advancements Transforming The Activated Bleaching Earth Market
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 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
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Major companies operating in the activated bleaching earth market report are 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.
Contents of the report:
1. Executive Summary
2. Activated Bleaching Earth Market Report Structure
3. Activated Bleaching Earth Market Trends And Strategies
4. Activated Bleaching Earth Market - Macro Economic Scenario
5. Activated Bleaching Earth Market Size And Growth
…..
27. Activated Bleaching Earth Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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