Expanding vegetable oil & fats production in emerging market of Central & South America will boost the activated bleaching earth market escalation. Also, favorable government policies in countries as Malaysia, India and China may drive the market growth. Increasing technological development in activated bleaching earth production process will significantly contribute in the market expansion.
Furthermore, growing prominence on consumption of low fat oil will notably drive European and American regions. The global market is highly classified on the basis of quality and price. Specialized activated bleaching earth grades are supplied according to requirement of end-users. This will notably generate new avenues for the market players.
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The worldwide activated bleaching earth market is categorized as per applications and regions. Applications include edible oil& fats, mineral oil& lubricants and others. In 2014, edible oil& fats dominated the market. Growing production of vegetable oil is ascribed to the application segment growth. In addition, Escalating requirement of biofuels will significantly contribute in edible oil& fats market growth.
Indonesia and Malaysia are the major manufacturers of edible oil, hence, increasing the activated bleaching earth industry demand further. Minerals oils & lubricants segment is likely to grow fairly over the forecast period.
Region wise, the market is split into Europe, North America, Asia Pacific, Middle East and Africa and Central & South America. Asia Pacific dominated the market in 2014. In addition, rising production and consumption of edible oil & fats in countries such as Indonesia, Malaysia and India will promote the regional growth further.
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Indonesia and Malaysia are the leading producers of vegetable oils. Augmented use of activated bleaching earth in edible oils processing & refining will raise the oilseed crop production in aforementioned regions. Also, growing production of vegetable oil in Brazil and Argentina will significantly affect the activated bleaching earth demand in Central & South America.
Growing edible oil& fats production in regions like South Africa and Turkey will promote the demand in Middle East &Africa region. Also, escalating mineral oil& lubricants industry is anticipated to boost demand in the region. Leading companies operating in activated bleaching earth market includes Taiko Group of Companies, BASF SE, AMC (UK) Limited, Ashapura Perfoclay Limited, Musim Mas Holdings and Korvi Activated Earth.
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