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The oleochemical market is expected to reach USD 38,577.16 million by 2026, growing at a CAGR of 5.74% during 2021-2026.
The following factors are likely to contribute to the growth of the oleochemical market during the forecast period:
- Increasing Demand for Green Chemicals
- Rising Acceptance of Bio-Degradable Chemicals
- High Demand from Consumer Markets
- Easy Availability of Raw Materials
OLEOCHEMICALS MARKET INSIGHTS
Oleochemical-based products provide various diversification opportunities for chemical companies. The shift towards global trends is expected to boost the oleochemicals industry. To match the increasing demand from the consumers, the manufacturers are focusing on oleochemicals as renewable, sustainable alternatives to petrochemicals in the chemical industry. The growing acceptance of performance-oriented oleochemicals is driving the growth of the market.
SNIPPETS
- The growing demand for bio-based eco-friendly products is surging the growth of oleochemicals in multiple applications across North America.
- In recent years, tropical oils have been environmentally friendly and animal cruelty-free, gaining high traction in the global industry. The tropical oil market will grow at a faster rate during the forecast period.
- The personal care sector is witnessing rapid growth in emerging economies such as China, India, and Latin American countries, which in turn, is fueling the demand for oleochemicals.
The study considers a detailed scenario of the present oleochemical market and its market dynamics for the period 2021-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
OLEOCHEMICALS MARKET SEGMENTATION
This research report includes a detailed segmentation by
- Type
- Application
- Raw Material
- Geography
OLEOCHEMICAL MARKET SEGMENTS
Type: The increase in spending on healthcare and rising awareness associated with the health consciousness of the people are boosting the demand for pharmaceutical products. The growing pharmaceutical industry demands more raw materials, excipients, and glycerin, resulting in the high growth of the whole oleochemicals industry.
Application: Oleochemicals in detergents are used to produce more lather and increasing cleansing properties. With the increasing concerns and environmental friendliness of oleochemicals, the manufacturers are promoting the adoption of oleochemicals across all detergents in the global market.
Raw Material: Tropical oils are healthy for consumption and use; this has encouraged manufacturers to adopt oleochemicals derived from tropical oil in multiple applications.
Market Segmentation by Type
- Fatty Acids
- Fatty Alcohols
- Glycerin
- Methyl Ester
- Others
Market Segmentation by Application
- Soaps and Detergents
- Personal Care and Cosmetics
- Pharmaceuticals
- Food and Beverages
- Others
Market Segmentation by Raw Material
- Tropical Oil
- Animal Oil
GEOGRAPHICAL ANALYSIS
Market Segmentation by Geography
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- APAC
- Indonesia
- Malaysia
- India
- China
- Philippines
- Latin America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
VENDOR ANALYSIS
Companies in the oleochemicals industry focus on mergers and acquisitions to strengthen their product portfolio and enter new markets. Regional players have started to expand their presence internationally to gain a high market share. Manufacturers are extensively investing in R&D to develop innovative products to get an edge over the competition. For instance, Emery oleochemicals have expanded its distribution partnership with Omya Inc. The company provides technical support to Emery’s US customers for Green Polymer additives products, such as lubricants and specialty plasticizers.
Key Vendors
- BASF
- Croda International plc
- Evonik
- Wilmar
- Emery oleochemicals
Other Prominent Vendors
- Cargill
- Kuala Lumpur Kepong Berhad
- Kao Corporation
- Nouryon
- Stepan
- Eastman Chemical Company
- Corbion
- IOI Oleochemical
- SABIC
- Godrej Chemicals
- Ecogreen Oleochemicals
- Vantage Specialty Chemicals
- Oleon Nv
- Chemrez Technologies
- JNJ Oleochemicals
- Sakamoto Yakuhin Kogyo
- Archer Daniels Midland Company (ADM)
- Terravia
- P&G Chemicals
- AkzoNobel
KEY QUESTIONS ANSWERED:
1. How big is the oleochemicals market?
2. Which application segment dominated the oleochemicals market?
3. Who are the key players in the oleochemicals industry?
4. What are the factors driving the oleochemicals industry?
5. Which region held the highest share in the oleochemicals market?
6. Which region is the major producer and consumer for Oleochemicals products market?
Table of Contents
1 Research Methodology2 Research Objectives3 Research Process6 Market at a Glance
4 Scope & Coverage
5 Report Assumptions & Caveats
7 Introduction
8 Growth Opportunity
9 Market Opportunities & Trends
10 Market Growth Enablers
11 Market Restraints
12 Market Landscape
13 Type
14 Application
15 Raw Material
16 Geography
17 North America
18 Europe
19 APAC
20 Middle East & Africa
21 Latin America
22 Competitive Landscape
23 Key Company Profiles
24 Other Prominent Vendors
25 Report Summary
26 Quantitative Summary
27 Appendix
LIST OF EXHIBITS
LIST OF TABLES
Companies Mentioned
- BASF
- Croda International plc
- Evonik
- Wilmar
- Emery oleochemicals
- Cargill
- Kuala Lumpur Kepong Berhad
- Kao Corporation
- Nouryon
- Stepan
- Eastman Chemical Company
- Corbion
- IOI Oleochemical
- SABIC
- Godrej Chemicals
- Ecogreen Oleochemicals
- Vantage Specialty Chemicals
- Oleon Nv
- Chemrez Technologies
- JNJ Oleochemicals
- Sakamoto Yakuhin Kogyo
- Archer Daniels Midland Company (ADM)
- Terravia
- P&G Chemicals
- AkzoNobel
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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