Latest Research Report on Oleochemicals
Market begins with an extensive
presentation and then investigates broad into specific segments such as raw
material, application, end user, and region, policy study, value chain
structure, and upcoming trends in particular segments or regions. The report on
Oleochemicals prepare a case for investments in different regions based on a
practical view of their regulatory outline, manufacturing dynamics, and
availability of skills and resources in that region.
Global Oleochemicals Market
is expected to reach USD 31.9 billion by 2025. Oleochemicals is termed as a
chemical derived from natural fats and oils of both animal and plant origins.
They also comprise those by products resulting from the subsequent alteration
of the carboxylic acid group of the fatty acids by biological or chemical
means. Basic Oleochemicals are glycerol, fatty acids, fatty amines, fatty
methyl esters, and fatty alcohols. It is exclusively used for food purposes. It
is produced by splitting fats or oils via a trans-esterification/alcoholys is
or hydrolysis process. The Oleochemicals Market is estimated to grow at a
significant CAGR of 5.2% over the forecast period as the scope and its
applications are rising enormously across the globe.
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Rising demand from
customers, developing market for green chemicals, growing demand from personal
care & pharmaceutical industry, and easy availability of raw materials are
documented as major factors of Oleochemicals Market that are estimated to
enhance the growth in the years to come. Oleochemicals Market is segmented based
on type, applications, and region. Glycerin, fatty acid, fatty alcohol, and
other types could be explored in Oleochemicals in the forecast period. Fatty
acid sector accounted for the substantial market share of Oleochemicals and is
estimated to lead the overall market in the coming years. It is used as an
inactive ingredient in pharmaceuticals, fat emulsion, as lipid formulation, and
liposomes. Animal fats like duck and lard contain fatty acid. On the other
hand, vegetable fats like cottonseed oil, coconut oil, palm oil, cocoa butter,
and palm kernel oil fat contains fatty acid.
The market may be
categorized based on applications like polymers, pharmaceutical & personal
care, soaps & detergents, food & beverages, and others. “Soaps &
detergents” sector accounted for the substantial market share of Oleochemicals
in 2016 and is estimated to lead the overall market in the upcoming period.
Also, pharmaceutical & personal care sector is estimated to grow at the
fastest pace with the highest CAGR in the years to come. This may be because
they are cost-efficient and there is rising awareness among customers regarding
environmental benefits.
Globally, Asia Pacific
accounted for the substantial market share of Oleochemicals and is estimated to
lead the overall market in the coming years. In addition, the sector is
estimated to grow at significant CAGR in the coming years. This may be because
of presence of key manufacturers in the region and rising use of natural
chemicals to produce Oleochemicals. The developing countries like China and
India are the major consumers of Oleochemicals in this region.
Instead, North America and
Europe are also estimated to have a positive influence on the future growth.
North America is the second largest region with significant market share. The
United States is a major consumer of Oleochemicals in this region. However,
Europe is estimated to grow at fastest pace with the highest CAGR in the
foremost period.
The key players of
Oleochemicals industry are Wilmar International, BASF, Procter & Gamble,
Cargill, Kuala Lumpur Kepong Berhad, Emery Oleochemicals, 3F Industries,
TerraVia Holdings, cogreenOleochemicals, Vegetable Vitamin Foods Company,
Evyap-Oleo and Oleon. These players are concentrating on inorganic growth to
sustain themselves amongst fierce competition. As companies all over the world
have to believe that alliance with a market would permit them proportional
market existence and authority to declare the leadership position.
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