Market Size of Activated Bleaching Earth Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Activated Bleaching Earth Market Analysis
The activated bleaching earth market is estimated to be at USD 3,899.56 million by the end of this year. It is projected to reach USD 4,873.53 million in the next five years, registering a CAGR of over 4.5% during the forecast period.
COVID-19 had a negative impact on the activated bleaching earth sector. Global lockdowns and severe rules enforced by governments resulted in a catastrophic setback as most production hubs were shut down. Nonetheless, the business has been recovering since 2021 and is expected to rise significantly in the coming years.
- The major factor driving the market growth is the growing demand for edible oils.
- However, the presence of alternative products and technologies is hindering the market growth.
- Increasing production of bio-diesel is expected to provide lucrative growth opportunities to the market players in the coming years.
- The Asia-Pacific region dominates the global market, with the largest consumption from countries such as China, India, and Japan.
