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Mineral oils & lubricants are projected develop at a moderate rate. Approval from WHO( World Health Organization) and FDA( Food and Drug Administration) for using food grade mineral oil in preparing food could boost growth in Europe and North America.
Geographical segments comprise North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa( MEA). Asia Pacific dominated the market, accounting for over 60 % of the total demand in 2014. The region will grow at a CAGR of 5.0 % from 2015 to 2022.
This could be attributed to escalating production and demand for edible oil & fats in Indonesia, China, Malaysia and India. Central & South America is estimated to reach over USD 350 million by 2022. Increased edible oil & fats production in South Africa and Turkey is driving consumption in MEA.
Leading players in the global activated bleaching earth market are AMC( UK) Limited, Taiko Group of Companies, Clariant International AG and BASF SE. The market is greatly fragmented. Several small vendors compete on the basis of product price and quality.
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