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Oleochemicals Market 2023 - Business Overview, New Share, Trends Analysis, And Forecast To 2032
Oleochemicals Market
As per the oleochemicals market report by The Business Research Company, the increased demand for sustainable plastics is expected to propel the oleochemical market.
The global oleochemicals market size grew from $24.78 billion in 2022 to $26.91 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The oleochemicals market size is expected to grow to $37.61 billion in 2027 at a CAGR of 8.7%.
Read More On The Oleochemicals Market Report Here:
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Major competitors in the oleochemicals market include Cargill Inc., Kuala Lumpur Kepong Berhad, BASF SE, Oleon N.V., IOI Group Berhad, Wilmar International, Kao Corp, Emery Oleochemicals Group, Evonik Industries, KLK Oleo, SABIC, Evyap Oleo, Procter & Gamble Company, Croda Industrial Chemicals, and Ecogreen Oleochemicals.
The oleochemicals market is segmented -
• By Product: Specialty Esters, Fatty Acid Methyl Ester, Glycerol Esters, Alkoxylates, Fatty Amines
• By Application: Personal Care & Cosmetics, Consumer Goods, Food Processing, Textiles, Industrial, Healthcare & Pharmaceuticals
• By Sales Channel: Direct, Indirect
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the oleochemicals market in 2022.
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Oleochemicals refers to chemical compounds sourced from vegetables, plants, and animal oils that can be used as raw material in a variety of industries such as lubricants, pharmaceutical, plastic, rubber, and animal feed industries. Hydrolysis is the primary method for converting animal and plant oils and fats into oleochemicals. When natural triglycerides are exposed to water, heat, and pressure, they separate into crude glycerin and mixed fatty acids.
The Table Of Content For The Oleochemicals Market Include:
1. Executive Summary
2. Oleochemicals Market Characteristics
3. Oleochemicals Market Trends And Strategies
4. Oleochemicals Market - Macro Economic Scenario
5. Oleochemicals Market Size And Growth
6. Oleochemicals Market Segmentation
……
26. Africa Oleochemicals Market
27. Oleochemicals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Oleochemicals Market
29. Oleochemicals Market Future Outlook And Potential Analysis
30. Appendix
The "Global Oleochemicals Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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Oleochemicals Market Introduction
Oleochemicals are a type of compounds that are derived from plants and animal oils or fats. Basic oleochemical substances, such as glycerol and fatty acids, can be obtained by splitting the triglycerides structure of oils or fats, followed by the process of the chemical reaction of oleochemical substances, such as fatty acids, by modification of carboxylic acid group.
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