Specialty Oleochemicals Breakdown Data – Forecast to 2025: Emerging Applications of Oleochemicals are Expected to Create Substantial Growth Opportunity

Algoro Reports , recently published a detailed market research study focused on the worldwide Specialty Oleochemicals market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions.

This study categorizes the global Specialty Oleochemicals breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.

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.

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.

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.

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.

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.

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