Oleochemicals Market Business Report to 2023: Global Foresight and Competitors - BASF SE, Procter & Gamble, Cargill, Incorporated, Eastman Chemical Company, PTT Global Chemical Public Company Limited, Emery Oleochemicals

Market Overview:

Oleochemicals, analogous to petrochemicals are derived from petroleum as well as from plant and animal fats. These chemicals based on vegetable oils, tallow, and tall oil are used in an array of applications, ranging from food items, and personal care products to a variety of industrial applications. Oleochemicals are primarily used in the production of soaps, detergents, and other personal care products. These chemicals are also used in the production of lubricants, solvents, biodiesel, and bioplastics.

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Besides, these chemicals act as an essential feedstock material for polymeric resins, especially alkyd which is then converted into polymeric resins used in the production of devices and equipment required in the electrical and electronic, automotive, construction, medical, consumer and industrial sector.
The factors substantiating the market growth include technological advancement and the rapid urbanization that is prompting the steady growth of various sectors such as medical, electronics and automotive among others, growing with the increasing population and improving economic conditions that are enhancing consumers’ purchasing power.

Intended Audience:

• Oleochemicals Manufacturers
• Traders and Distributors of Oleochemicals
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory

Competitive Landscape:

The market appears to be highly fragmented and competitive with the presence of several well-established players having the regional and global presence. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players. They strive to develop Oleochemicals designed to reduce the downtime and maintenance with longer life and lower costs. The market is projected to witness fierce competition owing to the expected extensions in product and innovations.

Segmentation:

The Global Oleochemicals Market is categorized on the basis of type, application, and region.

On the basis of type, the market is bifurcated into fatty acids, fatty alcohols, methyl ester, glycerol and others.

On the basis of application, the oleochemicals market is categorized into soaps & detergents, intermediates, plastics, coatings, lubricants, rubber, personal care, and others.

On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Regional Analysis:

Globally, The Asia Pacific region accounts for the largest market for oleochemicals. Owing to the ample availability of cost-competitive raw materials and labour force required for the production of these chemicals, the APAC market is further estimated to post the highest CAGR during the forecast period, (2017 to 2023).
North America oleochemicals market is emerging as another lucrative market, following the APAC market closely. Attributing to the high consumption potential, increasing production capacities, and rising economic growth rate especially, the region is expected to witness a fabulous growth throughout the forecast period.
Europe region is too growing as one of the promising markets for oleochemicals. Markets in some of the European countries such as Spain, Russia, France, Germany, Russia, and the UK is growing significantly owing to the extensive uptake of the product in some of the well-penetrated end-use industries and substantial investments in R&D and innovation activities.

Global Key Players:

Wilmar International Ltd. (Singapore), BASF SE (Germany), Procter & Gamble (US), Cargill, Incorporated (US), Eastman Chemical Company (US), Evonik Industries AG (Germany), PTT Global Chemical Public Company Limited (Thailand), Godrej Industries Limited (India), Emery Oleochemicals (US) and Arizona Chemical Company, LLC (US).

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