Oleochemicals Market Expected to Deliver Dynamic Progression until 2028 // Major key Players - BASF, Wilmar International, Du Pont, Oleon NV, KLK Oleo, Musim Mas Group, Procter & Gamble Co, Croda International
Growing adoption of oleochemicals in various end use segments, such as surfactants, personal care, and home care is driving their sales significantly. The production of key feedstock for polyurethane production, polyols, is also based on oleochemical routes, thereby providing impetus to the growth in the oleochemicals market.
Several companies with robust R&D capabilities are eying business expansion in oleochemicals by introducing novel molecules with wider applications. Many leading chemical manufacturing companies, such as BASF, Solvay, Arkema, and DuPont have transitioned their primary business capabilities towards using plant-based biochemicals for making specialty products and polymers. This trend remains lucrative for companies involved in creating downstream potential of oleochemicals, such as acid esters, fatty alcohols and glycerol. These factors are likely to augment growth in the oleochemicals market.
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.
Browse Full Report with TOC- https://www.factmr.com/report/587/oleochemicals-market
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.
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.
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.
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.
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 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.
Request Brochure of this Report- https://www.factmr.com/connectus/sample?flag=B&rep_id=587
11140 Rockville Pike
Rockville, MD 20852
Read Industry News at - https://www.industrynewsanalysis.com/
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Oleochemicals Market Expected to Deliver Dynamic Progression until 2028 // Major key Players - BASF, Wilmar International, Du Pont, Oleon NV, KLK Oleo, Musim Mas Group, Procter & Gamble Co, Croda International here
News-ID: 1771349 • Views: 81
More Releases from Fact.MR
Mini LED Market to Expand 7.5X by 2030, Finds New Study by Fact.MR
In recent years, increasing popularity of OLED TVs in China and India has been significantly influencing growth of the mini LED market. With an increase in disposable income of a majority of the population in these countries, the inclination towards smart screens with higher lifespan and better performance is expected to open up numerous growth opportunities for the mini LED market. Moreover, aspiring and affluent households have increased their spending
Uncertainty Surrounding COVID-19 to Shave-off Growth in Electrical Steel Market …
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel
Medical Device Contract Manufacturing Market Set for Strong Growth, Production F …
The medical device contract manufacturing market is poised to expand at a CAGR of 11.3% during the forecast period (2020-2026). This is attributed to rapidly evolving healthcare industry and increasing adoption of technologically advanced surgical procedures. A number of original equipment manufacturers (OEMs) and contract manufacturers have been focusing on advanced technologies such as robotics, 3D-printing, and minimally invasive surgeries. Mergers & acquisition activities among leading players have greatly accelerated
Fluid Management Market Expected to Grow Amid Covid-19, Finds Fact.MR
Growing prevalence of chronic disease and an expansion in numbers of geriatric population is leading to an upward facing growth curve for global fluid management market over the period of 2020 to 2025, states Fact.MR. It projects a compound annual growth rate or CAGR of about 5.3% for the market over this period, helping the market push its worth up significantly. It is significant to note here that while number of
More Releases for Oleochemicals
Food Glycerin Market 2018 Global Analysis By Key Players – Wilmar Oleochemical …
Global Food Glycerin Market Description:- Wiseguyreports.Com Adds “Global Food Glycerin Market 2018: Global Analysis, Industry Size, Share, Trends, Application Analysis and Growth Opportunities Forecast to 2025” To Its Research Database Key Content of Chapters Part 1: Terminology Definition, Industry Chain, Industry Dynamics & Regulations and Global Market Overview Part 2: Upstream (Raw Materials / Components) & Manufacturing (Procurement Methods & Channels and Cost),Major Regional Production Overview
Oleochemicals Market, Oleochemicals Manufacturers | Market Analysis - 2023
The global oleochemicals market is witnessing growth due to the favorable government regulations for environment friendly products, recyclability of oleochemicals, increasing demand for biodegradable and sustainable products, and growing end-user industries. High growth in the pharmaceutical, cosmetics and food industries are supporting the demand for these chemicals. Read summary of report here : https://www.psmarketresearch.com/market-analysis/oleochemicals-market The significant growth of the pharmaceutical, personal care, and food and beverage industries in emerging economies, such China, India,
Global Oleochemicals Market | Industry Research Report
Latest industry research report on: Global Oleochemicals Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts Driven by the rise in the consumption of bio degradable products among the growing population due to high purchasing power combined with environmental safety has led to the growth in the demand of oleochemicals market globally. Complete Report Details @ https://www.marketresearchreports.biz/reports/739551/global-oleochemicals-by-application-type-market-research-reports Oleochemicals are used to reduce toxic content of product. These are
Global Hexanoic Acid Market 2017 - KLK OLEO, Pacific Oleochemicals, Oleon, Ecogr …
"Hexanoic acid (caproic acid) is a short chain fatty acid, which is found in various plant oils including palm oil and coconut oil, and animal fats such as cow and goat milk. The primary use of hexanoic acid is in the manufacture of its esters for artificial flavors, and in the manufacture of hexyl derivatives, such as hexylphenols." Scope of the Report: This report focuses on the Hexanoic Acid in Global market, especially
Global Caprylic Acid Market Outlook 2017-2022 IOI Oleochemicals, KLK OLEO, Oleon …
Caprylic acid is the common name for the eight-carbon saturated fatty acid known by the systematic name octanoic acid. Its compounds are found naturally in the milk of various mammals, and as a minor constituent of coconut oil and palm kernel oil. It is an oily liquid that is minimally soluble in water with a slightly unpleasant rancid-like smell and taste. Ask For Sample Copy of Report : http://bit.ly/2s95KNs This report provides
Oleochemicals Market - Global Industry Analysis 2018
The oleochemicals market has been growing at a steady pace in the last few years. Oleochemicals are chemicals that are extracted from animal and plant fats and are used as substitutes for petrochemicals derived from petroleum. In the 1970s, as crude oil prices skyrocketed, manufacturers shifted to using oleochemicals instead of petrochemicals. According to a research report published by Transparency Market Research, the global oleochemicals market is expected to grow