Activated Bleaching Earth Market Share , Size , Analysis , Growth , Industry Trends and Forecasts to 2022 - Hexa Research
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Activated Bleaching Earth Market Share , Size , Analysis , Growth , Industry Trends and Forecasts to 2022 - Hexa Research
" Global activated bleaching earth industry is likely to foresee growth on account of increasing usage of product as a decolorizing agent in refining of animal fats , vegetable oils , mineral oils and wax ."
The worldwide Activated Bleaching Earth Market is projected to grow to USD 3.6 billion from 2015 to 2022 . Rising use of edible oil in Asia Pacific will contribute to market expansion . Government policies and regulations in key nations of this region are conducive to market growth . Activated bleaching earth is widely used in decolorizing , bleaching and refining of edible oil & fats .
Technological developments in the manufacturing process and growing acreage yield of oil seed crops fuel growth of the vegetable oil and fat industry . Rising preference for low fat oil coupled with healthy eating habits would create opportunities in Europe and the Americas . Market participants are attempting to develop customized grades of activated bleaching earth to cater to the needs of the end-users . This will also trigger industry growth .
The global activated bleaching earth market is split into applications and geographies . Applications encompass mineral oil & lubricants , edible oil & fats , and others . In 2014 , edible oil & fats accounted for over 5.0 million tons . Growing demand for biofuels could further this segment ’ s growth . Indonesia and Malaysia are the leading producers of edible oil . They are expected to generate huge demand for activated bleaching earth in the coming years .
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