With 7.2% CAGR, Oleochemicals Market Size to Hit USD 39.52 billion in 2030, Overview, Size, Share, Demand, Trends, Growth Opportunities

According to the study titled, "Oleochemicals Market Size, Share & Trends Analysis Report By Product (Glycerol Esters, Fatty Acid Methyl Ester), By Application (Industrial, Personal Care & Cosmetics, Paints & Inks) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)" launched by Delvens, The Global Oleochemicals Market has witnessed a growth value of $22.66 billion in 2022. This market is expected to grow from $24.29 billion in 2023 to $39.52 billion in 2030 with a CAGR of 7.2% in the forecast period of 2023-2030.

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Leading companies such as Vantage Specialty Chemicals, Inc., Emery Oleochemicals, Evonik Industries AG, Wilmar International Ltd., Kao Chemicals Global, Ecogreen Oleochemicals, Cargill Incorporated, Godrej Industries, and Stephan Company are having a well-established process for extracting Oleochemicals from potential feedstocks and extended their presence in global level.

This market is estimated based on different key pointers that attribute to the growth which are products such as Specialty Esters, Glycerol Esters, Alkoxylates, Fatty Acid Methyl Ester, Fatty Amines, others, applications including Personal Care & Cosmetics, Consumer Goods, Food & Beverages, Textiles, Paint & Inks, Industrial, Health & Pharmaceuticals, Polymer & Plastic Additives, Others, forms such as Liquid, Solid, Flakes, Pellets, Beads, Others, and feedstock such as Palm, Soy, Rapeseed, Sunflower, others.

The Cosmetics & Personal Care Industry segment holds a huge market share of 21% in 2022 of Oleochemicals containing products. Since they are widely used in the production of personal care and cosmetic products, including soaps, shampoos, conditioners, lotions, and creams. Further, these chemicals are utilized as an emulsifier, surfactants, and moisturizers. They are also used as thickeners and stabilizers, as well as to improve the texture and feel of the products. Overall, the cosmetics and personal care industry is a key driver of the oleochemicals market and is expected to continue to drive growth in the coming years.

Need for Oleochemicals:

The increasing trend of shifting toward bio-based products such as biofuels, bioplastics, and bio-lubricants, which are derived from renewable sources. Consumers becoming more environmentally conscious generated the demand for sustainable and renewable chemicals. Hence, the need for Oleochemicals increased since it is used as a raw material for bio-based product manufacturing, which is extracted from renewable feedstocks. Further, the end-user industries such as personal care, pharmaceuticals, textile, and so on are involved in the production and launching of products which has a composition of Oleochemicals that drive this market in the coming years as predicted.

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Table of Contents

Oleochemicals Market is segmented into product, application and region.

On the basis of Product

Specialty Esters
Fatty Acid Methyl Ester
Glycerol Esters
Alkoxylates
Fatty Amines

On the basis of Application

Personal Care & Cosmetics
Consumer Goods
Food & Beverages
Textiles
Paints & Inks
Industrial
Healthcare & Pharmaceuticals
Polymer & Plastic Additives

On the basis of Region

Asia Pacific
North America
Europe
South America
Middle East & Africa

Oleochemicals Market Regional Analysis:

Asia-Pacific region holds the largest revenue share for Oleochemical products. Majorly, these products are manufactured in Indonesia and Malaysia which led to a growth of the market. Further, the region's growing population, rising disposable incomes, and changing consumer preferences are driving the demand for personal care and cosmetic products, which in turn is driving the demand for oleochemicals. In addition to that, the Asia-Pacific region has larger accessibility for feedstock due to its leading agriculture sector that delivers the major raw material for the production of oleochemicals. At the same time, the low cost of raw materials, ease of availability, increased adoption of oleochemicals in different industries, and reduce dependence on fossil fuels allow the industries to comply with government policies, predicted to grow the Oleochemicals market.

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