Global Speciality Oleochemicals Market is Expected to Increase around US$ XX Mn by 2025, Due to Increased Application in Various Industries

Global Speciality Oleochemicals Market is Expected to Increase around US$ XX Mn by 2025, Due to Increased Application in Various Industries

“The Global Speciality Oleochemicals Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to increased application such as surfactants, personal care, soaps and detergents and food additives .

Precision Business Insights (PBI) in its report titled “Global Speciality Oleochemicals Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

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The global speciality biochemicals market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increased application in various industries will create a demand for the growth of global speciality oleochemicals market. However, the change in blending and production standards may have a considerable impact on the biodiesel market, which in turn is expected to affect oleochemicals demand in biodiesel production.

Global speciality oleochemicals market segmented on the basis of type, application and region.

Fatty Acid Segment Expected to Dominate the Market

Based on type of product, the global speciality oleochemicals market is segmented into specialty esters, fatty acid methyl ester, glycerol esters, alkoxylates, fatty amines and others. Fatty acid segment is expected to dominate the market due to growing application scope for fatty acid in soaps and detergents and personal care industries.

Healthcare and Pharmaceutical Will Dominate the Revenue Share.

Based on application type, global speciality oleochemicals market segmented into personal care & cosmetics, consumer goods, food processing, textiles, paints & inks, industrial, healthcare & pharmaceuticals, polymer & plastic additives, others . The healthcare and pharmaceuticals are witnessed to account for major revenue share over the forecast period due to advancement in the technology and increased research and developmental organizatons.
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Asia Pacific, Accounts for Major Revenue Share for Global Speciality Oleochemicals Market

Precision Business Insights (PBI), global speciality oleochemicals market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, Asia Pacific accounted for major revenue share due to increased application in various application such as surfactants, personal care, food additives, soaps and detergents. Increasing growth of end-use industries such as pharmaceuticals and personal care in the U.S. will boost the North America regional market in the years to come. The Europe regional market is projected to witness a considerable growth over the forecast period. Growing importance of biodiesel as an alternative to petroleum-based fuels has been a major factor driving the region’s growth. The Middle East and Africa region has a huge unexplored agricultural potential, which can be used for the raw material cultivation. The palm oil market in this region is expected to experience brisk growth in application like food and other industrial segments. Also, bio fuels offer a new potential for the African countries to improve the employment and economic scenario and contribute towards growth in rural income.

Strategic Acquisitions Play Vital Role in Global Speciality Oleochemicals Market

Market strategies such as acquisitions play an important role in the development of the market. For instance, in June 9, 2016, Kao Chemicals Europe, S.L. concluded an asset acquisition agreement of Chimigraf Holding, S.L.

Key players in the market include Vantage Specialty Chemicals, Emery Oleochemicals, Evonik Industries, Wilmar International, CargilL, TerraVia Holdings, Inc., Kao Chemicals.

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Detailed Segmentation

By Type

o Specialty esters
o Fatty acid methyl ester
o Glycerol esters
o Alkoxylates
o Fatty amines

By Application

o Personal care & cosmetics
o Consumer goods
o Food processing
o Textiles
o Paints & inks
o Industrial
o Healthcare & pharmaceuticals
o Polymer & Plastic Additives
o Others

Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Gulf Cooperation Council Countries(GCC)
 Rest of MEA

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Precision Business Insights,

Kemp House,
152 – 160 City Road,
London EC1V 2NX

This release was published on openPR.