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Activated Bleaching Earth Global Market Analysis, Trends, Growth, Research And Forecast 2033
Activated Bleaching Earth Global Market Analysis,
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According to The Business Research Company's, 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.
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Market Drivers and Trends:
Increasing demand for cosmetic products is expected to propel the growth of the activated bleaching earth market going forward. Cosmetic products are substances or mixtures intended to be placed in contact with various external parts of the human body, such as the epidermis, hair system, nails, and lips, for personal care and skin beautification. Activated bleaching earth is used in the cosmetic industry as a key ingredient in various cosmetic products, particularly in the production of skin care and hair care products. It is used as a natural absorbent and purifying agent, helping to remove impurities and toxins from the skin and hair. For instance, in January 2021, according to an article shared by Automat.ai, a Canada-based business services, software, and computer software company, in the US, sales of skincare products increased by 13% last year, while sales of makeup items increased by 1%. At that time, the growth of online beauty merchants was 24%, with skincare taking the lead. Therefore, increasing demand for cosmetic products is driving the growth of 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.
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Major Key Players of the Market:
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.
Activated Bleaching Earth Market 2024 Key Insights:
• 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%.
• Surging Edible Oil Demand Fuels Growth In The Activated Bleaching Earth Market
• Innovative Technological Advancements Transforming The Activated Bleaching Earth Market
• Asia-Pacific was the largest region in the activated bleaching earth market share in 2023
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