Oleochemicals Market by Type Fatty Acid, Fatty Alcohol, Methyl Ester, Glycerol, and Others and by Application Pharmaceuticals, Personal Care Cosmetics, Food Beverages, Soap Detergents, Polymers, and Others Global Opportunity Analysis and Industry Fore
The global oleochemicals market was valued at $17,964 million in 2016 which is expected to grow at a CAGR of 7.0% during 2017 to 2023 to reach $28,728 million by 2023. Oleochemicals are the chemical products derived from animal or vegetable triglycerides. These products are viewed as natural, green, organic, safe, renewable, and biodegradable by the scientists and consumers.
Palm kernel oil, coconut oil, and high erucic rapeseed oil along with animals fats such as tallow and lard are most commonly used raw materials for the production of oleochemicals. These are used in broad range of application such as for the production of detergent, personal care products, lubricants, green solvents, and bioplastics.
In 2016, AsiaPacific and Europe were the leading regions, in terms of both value and volume. AsiaPacific is the leading region for oleochemicals, owing to the strong raw material base and expanding world scale plants. Moreover, the recent developments and modernization in oleochemicals manufacturing plants in Asia offer excellent raw material integration and give producers competitive advantage above overseas competitors. Increase in demand for biodegradable products and sustainable solutions along with favorable regulations drive the market in various segments of chemical industry.
Further, oleochemicals are used in wide range of applications and several emerging applications of oleochemicals are replacing petroleumbased products, which is expected to create substantial growth opportunity to the global industry players. However, volatile prices of important oils and fats restrain the growth of the global market during the forecast period.
The global oleochemicals market is segmented based on type, application, and geography. On the basis of type, it is divided into fatty acid, fatty alcohol, methyl ester, glycerol, and others. On the basis of application, it is categorized as pharmaceuticals, personal care cosmetics, food beverages, soap detergents, polymers, and others. By geography, it is analyzed across North America, Europe, AsiaPacific, and LAMEA.
The major market players are as follows
Emery Oleochemicals
Wilmar International
Oleon NV
KLK Oleo
Musim Mas Group
Croda International
IOI Group
Procter Gamble Co.
Twin River Technologies
Chemical Associates Inc.
KEY MARKET BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current emerging market trends and dynamics of the global oleochemicals market.
Indepth analysis of all regions is conducted by constructing the market estimations for key segments between 2017 and 2023 to identify the prevailing opportunities.
The report assists to understand the strategies adopted by the companies for market expansion.
This study evaluates the competitive landscape to understand the market scenario across various regions.
Extensive analysis is conducted by following the key player positioning and monitoring the top competitors within the market framework.
KEY MARKET SEGMENTS
By Type
Fatty Acid
Fatty Alcohol
Methyl Ester
Glycerol
Others
By Application
Pharmaceuticals
Personal Care Cosmetics
Food Beverages
Soap Detergents
Polymers
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
AsiaPacific
China
Japan
India
Malaysia
Indonesia
Rest of AsiaPacific
LAMEA
Brazil
Argentina
South Africa
Rest of LAMEA
The other major players in the industry include the following
Evyap Oleo
Godrej Industries
Cargill Inc.
CREMER
Pacific Oleochemicals Sdn Bhd
*The above list of companies is not profiled in the report, but can be added based on interest.
