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Oleochemicals Industry Risk & Reward Report, Key Industry Trends and Drivers, Industry SWOT Analysis to 2027
Fact.MR
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In addition to this, the decreasing dependency on petrochemical feedstock and the expanding applications of oleochemicals in replacing petroleum-based products is projected to create opportunity paths for the oleochemicals market. Opportunities for the oleochemicals market lies within its growing use in cosmetics and personal care products, pharmaceuticals, soaps & detergents, food & beverages, polymers among others.
The competition of oleochemicals from other substitutes might be a major threat to the oleochemicals market. Biodiesel products have been showing consistent growth which might create substantial demand for oleochemicals, in turn, decreasing the market growth of oleochemicals. Environmental concerns related to plantations and land availability are other factors hampering the growth of oleochemicals. In addition, the increasing demand for bio-diesel may cause a hike in biodiesel prices and is anticipated to directly affect the overall economics of oleochemicals based products, which might act as a restraining factor for the oleochemicals market.
Research and development is a key part of the oleochemicals market. The end product manufacturers & associations and, manufacturing companies invest for technology modifications and future advancements of oleochemicals to find a wide area of applications in personal care & cosmetics and, food industry, thereby, creating growth opportunities for the oleochemicals market throughout the forecast period.
Global Oleochemicals Market: Segmentation
On the basis of type, the global oleochemicals market can be segmented into:
Fatty acid
Fatty alcohol
Methyl Ester
Glycerol
Others
On the basis of application, the global oleochemicals market can be segmented into:
Pharmaceutical
Food and Beverage Industry
Personal care & cosmetics industry
Polymers
Soaps and detergents
Others
Global Oleochemicals Market: Region-wise Outlook
Growing demand for bio-degradable products in food and beverage industry is fueling the demand for oleochemicals globally. In regards to region, strict regulations in Europe against genetically modified (GM) food products drives the demand of oleochemicals market. Asia-Pacific is anticipated to dominate the oleochemicals market in terms of both value and volume. The increase in plantation activities in Indonesia, Malaysia, and the Philippines, in order to manufacture various cosmetics and personal care products from oleochemicals, is projected to boost the demand for the oleochemicals market in the region.
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Global Oleochemicals Market: Key Players
Some of the key players identified across the value chain of the global oleochemicals market are
Emery Oleochemicals
BASF
Wilmar International
Du Pont
Oleon NV, KLK Oleo
Solvay
Musim Mas Group
Procter & Gamble Co
Croda International
IOI Group
Cargill Inc
Chemical Associates Inc
Twin River Technologies,
Evyap Oleo
Godrej Industries
Others
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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Oleochemicals Market Introduction
Oleochemicals are a type of compounds that are derived from plants and animal oils or fats. Basic oleochemical substances, such as glycerol and fatty acids, can be obtained by splitting the triglycerides structure of oils or fats, followed by the process of the chemical reaction of oleochemical substances, such as fatty acids, by modification of carboxylic acid group.
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