Press release
Oleochemicals Market Poised to Expand at a Robust Pace Over 2018 to 2028
Oleochemicals are synthetic substances that are gotten from plants and creature fats. Numerous a times they are practically equivalent to petrochemicals which are gotten from oil. During the 1970's, when there were significant measure of benefits created from oil based items, the market for characteristic oils and fats-based synthetic concoctions saw a diminishment in the profits. Be that as it may, when the petrochemical business encountered a lofty dive in the raw petroleum costs, the consideration got moved from petrochemicals to regular feedstock.
Different food and beverages utilize oleochemicals for the most part as emulsifiers in bread, cake, cakes, and confectionaries. Customized oils and margarine are made by utilizing oleochemicals. Another significant utilization of oleochemicals is in the production of nutrition enriched substances that are broadly utilized as a part of packaged food products. Besides, these synthetic concoctions are additionally generally used to create both plain and seasoned frozen yogurts.
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Ideal government strategies as far as tax cuts and money related motivators for bio-based concoction makers are required to positively affect the market development. The application improvement combined with item development is predicted open new doors for organizations working in the market over the forthcoming years.
Oleochemicals are chemicals mainly derived from natural raw materials such as, soybean oil, linseed oil, vegetable oil, castor oil, animal oils & fats and, also from petrochemical feedstock. Oleochemicals in general have low toxicity as compared to petrochemicals. Oleochemicals are gaining popularity as they can be substituted for the petroleum-based products. Oleochemicals are biodegradable and considered to be environment friendly. Oleochemicals come under green products category and are used extensively in a wide range of applications and several emerging applications, namely, personal care, cosmetics, soaps & detergents, food additives among, others. With the rising environmental concerns, oleochemicals also find applications in the growing paints and coatings industry, rubber industry, paper, animal feed, lubricants and printing industry.
Global Oleochemicals Market: Dynamics
The primary driver for the oleochemicals market is the food industry. Advancement in processed foods, marketing strategies of companies, and consumer awareness in emerging economies is driving the food industry globally and therefore, the increase in demand for biodegradable products is anticipated to influence the growth of oleochemicals market throughout the forecast period. Rising demand for oleochemicals from natural raw materials is another factor driving the oleochemicals market. Biodegradability of products has become a quite popular trend these days owing to the stringent regulations focused towards maintaining product quality and health risk which promotes the use of natural raw material derived products such as oleochemicals. This, in turn, drives the global oleochemicals market throughout the forecast period.
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.
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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.
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.
The report covers exhaust analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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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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