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Oleochemicals Market

Oleochemicals Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Renewable, Speciality and fine chemicals

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Author's: Bhagyashri Shivaji Patil | Eswara Prasad
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Oleochemicals Market Research, 2032

The global oleochemicals market was valued at $29.9 billion in 2022, and is projected to reach $55.2 billion by 2032, growing at a CAGR of 6.5% from 2023 to 2032.

Report Key Highlighters:

  • The Oleochemicals market has been analyzed in value and volume. The value of the Oleochemicals market is analyzed in millions.
  • Global Oleochemicals market is fragmented in nature with many players such as Emery Oleochemicals, Wilmar International, Croda International, Evonik Industries AG, Oleon NV, Cargill Incorporated, Musim Mas Group, IOI Group, Procter & Gamble and Twin River Technologies. Also tracked key strategies such as product launches, acquisitions, mergers, expansion etc. of various manufacturers of Oleochemicals.
  • Included more than 20 countries in the report which covers market volume as well as market value for all the countries of the Oleochemicals market.
  • Covered the detailed list of manufacturers by application of the Oleochemicals market. It covers the product information, application, and geographical presence of the companies.
  • Conducted primary interviews with raw material suppliers, wholesalers, suppliers, and manufacturers of the oleochemical market to understand the market trends, Oleochemicals market growth factors, pricing, and key players competitive strategies, Oleochemicals market forecast.

Oleochemicals Market

Oleochemical is produced primarily from natural raw materials such as plant or animal fat. Activated carbon is frequently used to purify, decolorize, and deodorize fatty acids and their derivatives. Oleochemical are biodegradable and have little toxicity, making them environmentally friendly. Scientists and people alike consider these items to be natural, green, organic, safe, renewable, and biodegradable. These products are viewed as natural, green, organic, safe, renewable, and biodegradable by the scientists and consumers.

Surge in demand for green chemicals, high demand from end-use industries, and easy availability of raw materials are the key factors driving the demand for oleochemicals Furthermore, environmental regulations are becoming increasingly stringent and non-renewable resources are depleting, thus allowing oleochemicals to enter the market and replace the currently used petroleum-based products. In addition, manufactures are replacing chemical products with biobased ecofriendly products to meet the demand for biobased products. This is expected to reduce pollution and save time and cost.

Oleochemicals are used in the production of food packaging approved by FDA as well as food contact surface sanitizers. In the food & beverage industry, triple pressed stearic acid is utilized as a mold-release agent. Increase in use of oleochemicals in the food industry coupled with expansion of the food industry in developing countries are expected to create growth opportunity for the oleochemicals market. Furthermore, oleochemicals are used in the production of household and industrial cleaning products such as surfactants, cleansing agents, emulsifiers, foam boosters, and degreasers. Increase in disposable income coupled with rise in population in India and China are expected to create lucrative opportunity for the Asia-Pacific oleochemicals market.

The report emphasizes on the major types of oleochemicals such as fatty acid, fatty alcohol, glycerol, and others. The fatty alcohol is further bifurcated into ethoxylate and others. The applications covered in the study include pharmaceuticals, personal care & cosmetics, food & beverages, soap & detergents, polymers, and others. Region wise, the oleochemicals market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In addition, the study highlights various factors that impact the growth of the global market, such as key drivers, restraints, growth opportunities, and the role of different key players. It presents the quantitative data, in terms of both revenue and volume, which are obtained from the secondary sources, such as company publications, Factiva, Hoovers, and OneSource. The oleochemicals market share is analyzed for significant regions and countries.

The key players profiled in the oleochemicals market are Emery Oleochemicals, Wilmar International, Croda International, Evonik Industries AG, Oleon NV, Cargill Incorporated, Musim Mas Group, IOI Group, Procter & Gamble and Twin River Technologies.  The other players in the oleochemicals market include Evyap Oleo, Godrej Industries, Kao Corporation, CREMER, and Pacific Oleochemicals Sdn Bhd.

Oleochemicals Market by Type

The fatty acids segment is expected to grow at a 6.4% rate of CAGR in terms of revenue during the forecast period while fatty alcohol segment is projected to be fastest growing segment growing at 7% CAGR. Increased demand for bio-based fatty acids from end-use industry, including pharmaceuticals, personal care, cosmetics, food & beverages, chemicals, and others is anticipated to drive the segment’s growth while increasing demand from pharmaceutical and cosmetics industry is driving the demand for fatty alcohol. Fatty alcohols are being used in pharmaceuticals and cosmetics owing to their specific properties, such as emollients.

Oleochemicals Market by Application

The pharmaceutical segment accounted for the largest share i.e., 20.8% and the personal care and cosmetics segment is the fastest growing segment, growing around 7.2% CAGR during the forecast period, in terms of revenue. Oleochemicals is used in many pharmaceuticals drugs and ever increasing demand for pharmaceuticals drugs across the globe is driving the demand for oleochemical in pharmaceutical application. 

Oleochemicals Market by Region

Asia-Pacific region is expected to grow at the highest CAGR of 6.7% during the forecast period owing to recent developments and modernization in oleochemicals manufacturing plants in Asia that offers excellent raw material integration and gives producers competitive advantage above overseas competitors. Moreover, the market in the region is driven by presence of strong raw material base, shift in consumer preference for renewable products, and low manufacturing costs.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the oleochemicals market analysis from 2022 to 2032 to identify the prevailing oleochemicals market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the oleochemicals market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global oleochemicals market trends, key players, market segments, application areas, and market growth strategies.

Oleochemicals Market Report Highlights

Aspects Details
Market Size By 2032

USD 55.2 billion

Growth Rate

CAGR of 6.5%

Forecast period

2022 - 2032

Report Pages


By Type
  • Fatty Acid
  • Fatty Alcohol
    • Type
      • Ethoxylate
      • Others
  • Glycerol
  • Others
By Application
  • Pharmaceuticals
  • Personal Care and Cosmetics
  • Food and Beverages
  • Soap and Detergents
  • Polymers
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Thailand, Vietnam, Philippines, Indonesia, Malaysia, Singapore, Japan, South Korea, India, China, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Argentina, South Africa, Rest of LAMEA)
Key Market Players

IOI Oleochemical, Musim Mas, Procter & Gamble, Cargill Incorporated., Evonik Industries AG, Twin Rivers Technologies, Inc., Wilmar International Ltd, Emery Oleochemicals, Croda International plc, Oleon NV

Analyst Review

According to the insights of the CXOs of leading companies, the global market for oleochemicals is expanding swiftly due to the rise in demand for personal care products. Many governments worldwide have implemented policies and regulations that encourage the use of bio-based raw materials as part of efforts to promote sustainability and reduce dependence on fossil fuels. Incentives, subsidies, and regulations play a crucial role in driving the adoption of oleochemicals. Furthermore, the oleochemical industry has diversified its feedstock sources to include a wide range of vegetable oils, such as palm oil, soybean oil, coconut oil, and others. This diversification helps ensure a stable supply of raw materials and reduces dependency on a single source.

The prices of vegetable oils and fats, which are primary raw materials for oleochemical production, are volatile and subject to market fluctuations. This affects the cost of production and impacts the profit margins of oleochemical manufacturers. This factor is anticipated to hamper the oleochemicals market expansion.

Author Name(s) : Bhagyashri Shivaji Patil | Eswara Prasad
Related Tags
Frequently Asked Questions?

Increased demand for sustainable and biodegradable products

Pharmaceutical is the leading application of Oleochemicals Market.

Asia-Pacific is the largest regional market for Oleochemicals.

The Oleochemicals Market was valued for $29.9 billion in 2022 and is estimated to reach $55,2 billion by 2032, exhibiting a CAGR of 6.46% from 2023 to 2032.

The key players profiled in the oleochemicals market are Emery Oleochemicals, Wilmar International, Croda International, Evonik Industries AG, Oleon NV, Cargill Incorporated, Musim Mas Group, IOI Group, Procter & Gamble and Twin River Technologies.

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Oleochemicals Market

Global Opportunity Analysis and Industry Forecast, 2023-2032