Transparency Market Research in its new report titled, “Bleaching Earth Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025,” provides key insights on the bleaching earth market. The new report anticipates that the increasing demand for edible oils in Asia Pacific owing to increasing population in region will drive the bleaching earth market during the forecast period i.e, 2017-2025.
The TMR report has segmented the bleaching earth market, based on the process used to produce bleaching earth, into natural bleaching earth and activated bleaching earth. The production process of activated bleaching earth involves treatment of natural bleaching earth with acid. Currently, the activated bleaching earth segment holds a major share of the bleaching earth market and is anticipated to continue its dominance during the forecast period. Based on application, the bleaching earth market is categorized into oil refining, decolorization, purification, and other applications. Currently, the market is dominated by the oil refining application segment, which is anticipated to continue its dominance during the forecast period, as per the report. The segment is anticipated to expand at a rapid pace during the forecast period, due to the increasing demand for oil processing applications with increase in oil production, especially in Southeast Asian countries such as Indonesia, Malaysia, Thailand, Philippines, etc.
Based on refining process employed for refining the end-product, the report has split the market into dry bleaching and wet bleaching. Dry bleaching is among the traditional processes of bleaching oils and fats. It is most commonly employed in Asia and Europe. Dry bleaching involves heating of oil and then mixing it with bleaching earth. The wet bleaching process involves addition of water during the process, due to which the bleaching earth work more efficiently. The report mentions that the dry bleaching process is primarily employed for the refining process as the start-up and overall costs incurred in the process are less compared to those of wet bleaching. The wet bleaching method segment is anticipated to expand at a significant CAGR during the forecast period due to the low cost of the process. Moreover, the addition of water brings out better performance of bleaching earth as compared to the dry method.
Based on regional perspective, Asia Pacific dominates the bleaching earth market and the same trend is expected to follow during the forecast period, as per TMR analyst. There has been a considerable increase in the production and exports of vegetable oils from the region in the past few years, especially from countries such as Indonesia, Malaysia, Philippines, China, and India. Major players operating in the market are profiled in this report to give a better competitive analysis and these include Musim Mas Holdings Pte. Ltd., Taiko group, Ashapura Midgulf NV, Clariant International Ltd., Artha Mineral Resources, Ashapura Perfoclay Limited, Refoil Earth Pvt. Ltd., and XinyuanTechnology Co., Ltd.
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