Emerging Trends and Innovations in the Oleochemicals Industry: A Pathway to Sustainable Solutions

Prismane Consulting is pleased to publish its Oleochemicals Study Report which includes historic and current market situation of Oleochemicals across several end-use industries. This market study describes the global oleochemicals market, with focus on major countries and their subsequent demand for different applications. The key oleochemicals included in the study are Fatty Acids, Fatty Alcohol, Glycerin and others. The major applications included in the study are Soap & Detergents, Personal Care, Polymers & Plastics, Lubricants, Chemical Intermediate, Plastics and Others. Oleochemicals Market data in term of volume and value for each application at regional and country level will be provided.

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Oleochemicals are chemical compounds produced from natural oils and fats. Oleochemicals are environmentally friendly due to their biodegradability and low toxicity properties. Basic oleochemicals, such as fatty acids, fatty alcohols, glycerin, and methyl esters, are used as raw materials or intermediates in numerous industries. These basic oleochemicals are produced through various chemical and enzymatic reactions, including water-based hydrolysis, transesterification, hydrogenation, and alcohol-based alcoholics.

The raw materials used for production of oleochemicals are:
1. Vegetable oils derived from rapeseed, palm kernel, palm, coconut, sunflower, peanut etc.
2. Animal fats & oils derived from animals like tallow, lard, fish oil etc.
3. Recycled fats and oils like used frying oils from restaurants and numerous greases.

Wilmar International Limited, KAO Group, Godrej Industries, Procter & Gamble Chemicals, Musim Mas, KLK Oleo, Ecogreen Oleochemicals, Emery Oleochemicals, and IOI Chemical are some of the key oleochemicals manufacturers. Oleochemicals are considered as natural chemicals and can be used as a substitute for petrochemicals. The global oleochemicals demand was estimated to be around 17,000 kilo tons in 2021. This demand is anticipated to grow at an annual average of around 5% between 2022 and 2032, reaching over 27,000 kilotons by 2032.

North America accounted for over 10% of oleochemicals consumption globally, while Western Europe's share was estimated to be around 20%. Asia-Pacific is the largest exporter and consumer of oleochemicals and is projected to be the fastest-growing region during the forecast period. Other regions such as Central & Eastern Europe, Central & South America, and the Middle East & Africa together account for approximately 10%.

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The global oleochemicals market is witnessing robust growth, propelled by strong demand from various industries. The Asia-Pacific region leads the market, with key players situated in Malaysia, Indonesia, Thailand, the Philippines, China, and India. Oleochemicals find applications in diverse sectors, including soap & detergents, personal care products, plastics & polymers, lubricants, chemical intermediates, pharmaceuticals, food & beverages, and household & industrial cleaning products. The outbreak of the COVID-19 pandemic triggered a surge in demand for surfactant-based products, such as soaps, detergents, and cleaning agents. Panic buying during nationwide lockdowns in 2020 and the first half of 2021 drove up the need for these products, as they played a crucial role in curbing the transmission of the virus. They served as one of the primary preventive measures available before the widespread availability of vaccines. In addition to the pandemic-related demand, other factors are fueling the growth in oleochemicals consumption. The rising preference for sustainable products, supported by favorable government regulations, is a significant driver. There is a notable shift towards bio-based chemicals as a renewable and eco-friendly alternative. The expanding end-use industries, technological advancements, evolving consumer preferences, and the rapid growth of emerging economies further contribute to the increased adoption of oleochemicals.

Topics Covered
The report covers the following topics:
• Demand Analysis
• Demand Composition, by Type and Application
• Sales & Revenue
• Pricing Analysis
• Market Dynamics
Key Questions Answered
The Global Oleochemicals Market study answers the following key questions:
• How big is the Oleochemicals Market?
• How is the demand-supply of Oleochemicals evolving?
• What will the Oleochemicals Market size be in 2032 and at what rate will it grow?
• What trends, challenges and barriers are influencing its growth?
• Who are the key manufacturers and what are their shares in different region?
• What opportunities and target markets exist for Oleochemicals Market

To know more about Oleochemicals visit www.prismaneconsulting.com or write to us at info@prismaneconsulting.com

Mr. Tejas Shah
Prismane Consulting
333, Amanora Chambers,
Town Centre Amanora,
Magarpatta Road, Hadapsar,
Pune, India 411028

Prismane Consulting is a unique global boutique consulting firm with an Indian origin. We present ourselves to the world outside providing management, economic and technical expertise to improve customer engagement, boost operational efficiency, reduce costs and achieve superior business results. Prismane Consulting serves leading businesses in the field of Chemicals, Petrochemicals, Polymers, Materials, Environment and Energy. We have been advising clients on their key strategic issues solving their toughest and most critical business problems.
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This release was published on openPR.