Activated Bleaching Earth Market has been driven by the growing production of vegetable oils in end use industries. Moreover, it is estimated that the bleaching earth market is set to witness a higher growth due to an increasing number of manufacturing units to produce edible oils, mineral oils & lubricants in biotech industries.
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Competitive Analysis:
Some of the major players functioning in the Global Activated Bleaching Earth Market are:
Clariant
Taiko Group of Companies
BASF SE
Ashapura Perfoclay Limited
Musim Mas Holdings
The W group
Oil-Dri Corporation of America
20 Microns Nano Minerals Limited
AMC
Limited
Market Segmentation:
The Global Activated Bleaching Earth Market is categorized on the basis of application. On the basis of application, the market is further segmented into edible oils, mineral oils, and others. Among these, edible oils segment holds the major share of the market due to the growing use of bleaching agents for the purification of vegetable oils and fats in the food industry. The increasing demand for bleaching earth in the heavy end industries such as oil & gas, petrochemicals, food & beverages has propelled the automotive segment to witness a higher growth in the market. In addition to, it is predicted that the mineral oils & lubricants segment is set to grow at a moderate rate in the market during the forecast period.