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Global Specialty Oleochemicals Market 2023: Future Outlook, Growth Rate, Industry Size And Forecast To 2032 | Major Players Are Evonik Industries AG, Vantage Specialty Chemicals Inc., Emery Oleochemicals LLC, Wilmar International Ltd., Kao Corporation
Specialty Oleochemicals Market
The Business Research Company's Specialty Oleochemicals Global Market Report 2023 identifies The increasing consumer demand for beauty and cosmetics products as the major driver for the Specialty Oleochemicals Market's growth in the forecast period. Beauty and cosmetic products include ingredients, textures, perfumes, and packaging. Oleochemicals are considered safe in beauty and cosmetic items as they are derived from natural sources. The consumer's demand for organic and safe products will promote the use of oleochemicals in beauty and cosmetics products.
The global specialty oleochemicals market size is expected to grow from $26.47 billion in 2022 to $28.47 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. 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 global specialty oleochemicals market size is expected to reach $38.26 billion in 2027 at a CAGR of 7.7%.
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Major competitors in the Specialty Oleochemicals Market are Evonik Industries AG, Vantage Specialty Chemicals Inc., Emery Oleochemicals LLC, Wilmar International Ltd., Kao Corporation, Ecogreen Oleochemicals Gmbh, Oleon NV, IOI Corporation Berhad, KLK OLEO, HIG Capital LLC, The Vegetable Vitamin Foods Company Pvt Ltd., Corbion NV, Godrej Industries Limited, and Alnor Oil Co Inc.
A key trend in the Specialty Oleochemicals Market includes Product innovations. Beauty and cosmetic products include ingredients, textures, perfumes, and packaging. Oleochemicals are considered safe in beauty and cosmetic items as they are derived from natural sources. The consumer's demand for organic and safe products will promote the use of oleochemicals in beauty and cosmetics products. For instance, in April 2023, according to a report published by the International Trade Administration a US-based government agency, in China, sales of cosmetics and beauty products grew 10% from 2020 to reach $88 billion in 2021. Therefore, the increasing consumer demand for beauty and cosmetics products is driving the growth of the specialty oleochemicals market.
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The Specialty Oleochemicals Market is segmented -
By Product: Specialty Esters, Fatty Acid Methyl Esters, Glycerol Esters, Alkoxylates, Fatty Amines, Other Products
By Application: Personal Care And Cosmetics, Consumer Goods, Food Processing, Textiles, Paints And Inks, Industrial, Healthcare And Pharmaceuticals, Polymer And Plastics Additives, Other Applications
By End User: Food And Beverages, Personal Care And Cosmetics
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Specialty Oleochemicals Market.
The Business Research Company's "Global Specialty Oleochemicals Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Specialty Oleochemicals Market Include:
1. Executive Summary
2. Specialty Oleochemicals Market Characteristics
3. Specialty Oleochemicals Market Trends And Strategies
4. Specialty Oleochemicals Market - Macro Economic Scenario
5. Specialty Oleochemicals Market Size And Growth
……
26. Africa Specialty Oleochemicals Market
27. Specialty Oleochemicals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Specialty Oleochemicals Market
29. Specialty Oleochemicals Market Future Outlook and Potential Analysis
30. Appendix
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