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Oleochemicals Market Report 2019: Regional Evaluation, Market Situation and Five Forces Analysis 2023
Oleochemicals Market
Favorable regulations for the use of environmentally friendly products, increase in preference for renewable raw materials, and emergence of wide range of novel application of oleochemicals drive the global oleochemicals market
The key players profiled in the report are Emery Oleochemicals, Wilmar International, Oleon NV, KLK Oleo, Musim Mas Group, Croda International, IOI Group, Procter & Gamble Co., Twin River Technologies, and Chemical Associates Inc.
The other major players (not profiled in report) in the market include Evyap Oleo, Godrej Industries, Cargill Inc., CREMER, and Pacific Oleochemicals Sdn Bhd.
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Oleochemicals are mainly derived from natural raw materials based on plant sources or animal fat. Often, activated carbon is used for purifying, decolorizing, and deodorizing the fatty acids and derived chemicals. They are biodegradable and exhibit low toxicity, thus, considered to be environment friendly. These products are viewed as natural, green, organic, safe, renewable, and biodegradable by the scientists and consumers.
Increase in demand for bio-degradable products and sustainable solutions along with favorable regulations, which increase the influence of oleochemicals in various segments of chemical industry drive the market. Further, oleochemicals are used in wide range of applications and several emerging applications of oleochemicals are replacing petroleum-based products, which is expected to create substantial growth opportunity to the global industry players. However, volatility in feedstock market restrain the market growth.
The report emphasizes on the major types of oleochemicals such as fatty acid, fatty alcohol, methyl ester, glycerol, and others. Based on application, the market is classified into pharmaceuticals, personal care & cosmetics, food & beverages, soap & detergents, polymers, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
In addition, it highlights various factors that impact the growth of the global market, such as key drivers, restraints, growth opportunities, and the role of different key players. It presents the quantitative data, in terms of both value and volume, which are obtained from the secondary sources, such as company publications, Factiva, Hoovers, OneSource, and others.
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Top Investment Pockets
Fatty alcohol is the most lucrative type segment in the market, followed by fatty acids. There is an increased demand for fatty alcohol in broad range of products such as cosmetic & personal care, food products, and lubricants & plasticizers. Whereas, these are mainly used in the production of detergents and surfactants.
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