Oleochemicals Market Overview:
Global Oleochemicals Market was valued at $17,964 million in 2016 to reach $28,728 million by 2023, and is anticipated to grow at a CAGR of 7.0% from 2017 to 2023.
Oleochemicals are mainly derived from natural raw materials based on plant sources or animal fat. Often, activated carbon is used for purifying, decolorizing, and deodorizing the fatty acids and derived chemicals. They are biodegradable and exhibit low toxicity, thus, considered to be environment friendly. These products are viewed as natural, green, organic, safe, renewable, and biodegradable by the scientists and consumers.
Increase in demand for bio-degradable products and sustainable solutions along with favorable regulations, which increase the influence of oleochemicals in various segments of chemical industry drive the market. Further, oleochemicals are used in wide range of applications and several emerging applications of oleochemicals are replacing petroleum-based products, which is expected to create substantial growth opportunity to the global industry players. However, volatility in feedstock market restrain the market growth.
The report emphasizes on the major types of oleochemicals such as fatty acid, fatty alcohol, methyl ester, glycerol, and others. Based on application, the market is classified into pharmaceuticals, personal care & cosmetics, food & beverages, soap & detergents, polymers, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In addition, it 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 value and volume, which are obtained from the secondary sources, such as company publications, Factiva, Hoovers, OneSource, and others.
Global Oleochemicals Market Segmentation
Asia-Pacific dominates the global oleochemicals market, in terms of both value ad volume. Moreover, it is also expected to witness the highest growth rate from 2017 to 2023, owing to the recent developments and modernization in oleochemicals manufacturing plants in Asia that offers excellent raw material integration and gives producers competitive advantage above overseas competitors.
Oleochemicals Market Share, by Geography, 2016 (%)
Top Investment Pockets
Fatty alcohol is the most lucrative type segment in the market, followed by fatty acids. There is an increased demand for fatty alcohol in broad range of products such as cosmetic & personal care, food products, and lubricants & plasticizers. Whereas, these are mainly used in the production of detergents and surfactants.
Top Investment Pocket
Asia-Pacific Oleochemicals Market Size
Asia-Pacific witnessed the leading position in the global oleochemicals market, owing to the strong raw material base and expanding world scale plants. Shift in consumer preference for renewable products and low manufacturing costs are the factors that drive the market growth.
India Oleochemicals Market Growth, 2016-2023 ($Million)
The key players profiled in the report are Emery Oleochemicals, Wilmar International, Oleon NV, KLK Oleo, Musim Mas Group, Croda International, IOI Group, Procter & Gamble Co., Twin River Technologies, and Chemical Associates Inc.
The other major players (not profiled in report) in the market include Evyap Oleo, Godrej Industries, Cargill Inc., CREMER, and Pacific Oleochemicals Sdn Bhd.
Key Benefits :
This report provides an extensive analysis of the current and emerging market trends and dynamics of the global oleochemicals market.
The market trend analysis for all the regions is conducted by constructing estimations for key segments between 2017 and 2023 to identify the prevailing opportunities.
The report assists to understand the strategies adopted by the leading companies in the industry.
This study evaluates competitive landscape of the oleochemicals industry to understand the market scenario globally.
Extensive analysis is conducted by key player positioning and monitoring the top competitors within the global market.
Oleochemicals Market Key Segments:
- Fatty Acid
- Fatty Alcohol
- Methyl Ester
- Personal Care & Cosmetics
- Food & Beverages
- Soap & Detergents
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA