The most recent study conducted by Report Ocean, titled “Global Activated Bleaching Earth Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Activated Bleaching Earth. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Activated Bleaching Earth Market is valued at approximately USD $ million in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2028. The Activated Bleaching Earth is also known as a wash clay, It is a mineral-rich material, clay mine substance, which is derived from the earth, which constitutes attapulgite bentonite and sepiolite clay minerals. This is highly used in the refining of animal fats and vegetable oils. The growing production of vegetable oils, rising efficiency of activated bleaching earth as compared to other absorbents, and thriving development of the mineral oil industry are the primary factors fostering the market demand across the globe.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
For instance, as per Statista, in 2021, the demand for mineral oil in the United States was an account with 445.68 tons and it is anticipated to reach 483.46 tons by the year 2025. Consequentially, the surging demand for mineral oil is exhibiting a positive influence on the growth of the global market.
However, the rising popularity of different alternatives for bleaching such as acid-activated bleaching earth, and low recovery of the editable oils after bleaching curb the market growth over the forecast period of 2022-2028. Also, rising developments in technologies and the growth of the automotive industry are anticipated to act as catalyzing factors for the market demand during the forecast period.
The key regions considered for the global Activated Bleaching Earth Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the high yield of crops, such as groundnuts and other seeds, and growing consumption of edible oils by the most populated countries. Whereas, Europe is emerging as the second-largest regional market over the forecast period 2022-2028. Factors such as expansion of the vegetable oil & mineral oil industry in Germany, Russia, and Ukraine, as well as rising presence of refineries and edible & non-edible oil processing units, would create lucrative growth prospects for the Activated Bleaching Earth Market across the European region.
Major market players included in this report are:
Clariant
Taiko Group of Companies
The W Clay Industries
AMC (U.K.) Ltd.
HRP Industries
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Manek Active Clay Pvt. Ltd.
Oil-Dri Corp. of America
Zeotec Adsorbents Private Ltd.
Phoenix Chemicals (Pvt.) Ltd.
Shenzhen Aoheng Science and Technology Co., Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Edible Oil & Fats
Mineral Oil & Lubricants
Others
By Region:
North America
U.S.
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Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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