Specialty Oleochemicals Market - The Biggest Trends and Worldwide Growth Survey by 2025 | KLK Oleo, Emery Oleochemicals, IOI Group, Oleon, Evonik Industries

A recent report published by QMI on Specialty Oleochemicals market is a detailed assessment of the most important market dynamics. After carrying out a thorough research of specialty oleochemicals market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision.

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The study identifies specific and important factors affecting the market for specialty oleochemicals during the forecast period. It can enable manufacturers of specialty oleochemicals to change their production and marketing strategies in order to envisage maximum growth.

Understanding the chemistry and uses of Specialty Oleochemicals

The Specialty Oleochemicals are the base of oleochemicals products. These are used in a variety of applications. The material and manufacturing technologies are of the utmost importance for the specialty oleochemicals market. These oleochemicals include feedstock which is plant-based such as palm oil, rapeseed oil, soybean oil, and sunflower oil. The market for specialty oleochemicals has been segmented into type and applications.

Segmentation for better understanding of this market and its growth prospects
Based on the product type, it is divided as fatty amines, fatty acid methyl esters, specialty esters, alkoxylates, glycerol esters, and others. The specialty esters are more sustainable as compared to their substitutes hence they are widely used.
They also help reduce the carbon footprint and help the utilization of bio-based products. Fatty acid methyl esters are mostly used as food additives in various foods such as ice creams and baked goods to stabilize and thicken the foods.

By the application, it is segmented as textiles, healthcare & pharmaceuticals, polymers & plastics additives, consumer goods, food processing, paints & ink, personal care & cosmetics, and others. The personal care and cosmetics segment is the largest growing segment as there has been a decrease in the use of harmful chemicals such as aluminum salts, parabens and phthalates and efforts have been undertaken by the MNCs for the adoption of sustainable products.

The APAC region is the largest market for these specialty oleochemicals, as raw materials are abundant for the manufacturing of the same.

Important factors impacting market growth are the increasing demand for biosurfactants and lubricants and the support from the government for the utilization of sustainable products.

Regional segmentation and analysis to understand growth patterns:
Based on region, the specialty oleochemicals market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe are some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on.

Major companies in this market are headquartered in North America and Western Europe. These regions have been witnessing the number of transitions in terms of productions of chemicals and respective applications by end-use industries.

The Asia Pacific and the Middle East are expected to register substantial growth in the specialty oleochemicals market during the forecast period.

This demand is with regard to the growth of major end-use industries including Industrial, Marine, Automotive, Building & Construction, and others.

Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for the specialty oleochemicals market.

There have been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the specialty oleochemicals market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

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Companies Covered: KLK Oleo, Emery Oleochemicals, IOI Group, Oleon, Evonik Industries, Vantage Specialty Chemicals, and Wilmar International

Market Segmentation:
By Type:
o Fatty Amines
o Fatty Acid Methyl Esters
o Specialty Esters
o Alkoxylates
o Glycerol Esters
o Others

By Application:
o Textiles
o Healthcare & Pharmaceuticals
o Polymers & Plastics Additives
o Consumer Goods
o Food Processing
o Paints & Ink
o Personal Care & Cosmetics
o Other

By Region:
o North America
o By Country (US, Canada, Mexico)
o By Type
o By Application

o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Type
o By Application

o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Application

o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Type
o By Application

o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Type
o By Application

o Rest of the World
o By Region (South America, Africa)
o By Type
o By Application

Contact:
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This release was published on openPR.