'Oleic Acid Market' to witness market growth at a rate of approximately 4.1%, Size, Segments, Opportunities Analysis ,Key Driver

The oleic acid market is expected to witness market growth at a rate of approximately 4.1% in the forecast period of 2021 to 2028.  Data Bridge Market Research report on oleic acid market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The increase in demand for the product from the end user industries is escalating the growth of oleic acid market.

Oleic acid, also known as Omega-9, refers to a colorless or pale yellow, odorless unsaturated fatty acid. The product is known to occur naturally in sources such as animals, vegetable fats and oils. Avocados, palm oil, olive oil, table olives and canola oil among others are the most common vegetable sources of oleic acid. It is extensively used in various applications such as chemical intermediates, lubricants, detergents, emulsifiers and protective coatings, release agents and caulks & sealants, surfactants and epoxy resin esters.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-oleic-acid-market

The high demand from end-use industries such as cosmetics and personal care, pharmaceuticals and food among others, acts as one of the major factors driving the growth of oleic acid market. The availability of oleic acid in various grades such as food, kosher, pharmaceutical grade and the abundant availability of oleic acid accelerate the oleic acid market growth. The initiatives taken by the government in the form of regulations that promotes maximum use of bio-based compounds during the manufacturing of products as it is a bio-based compound and rise in demand for cosmetics and personal care products further influence the oleic acid market. Additionally, urbanization and industrialization, increase in cleaning applications, surge in disposable income and expansion of end user industries positively affect the oleic acid market. Furthermore, sustainable development extends profitable opportunities to the oleic acid market players in the forecast period of 2021 to 2028.

Oleic Acid Market Scope and Size

The oleic acid market is segmented on the basis of source, grade, application and end use industries. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets. 

On the basis of source, the oleic acid market is segmented into plant and animal.
On the basis of grade, the oleic acid market is segmented into food, pharmaceutical, kosher and regular.
On the basis of application, the oleic acid market is segmented into emulsifying agent, lubricating agent, surfactant, chemical intermediate and others.
On the basis of end use industries, the oleic acid market is segmented into food, cosmetics, oil and gas, rubber, textile, pharmaceutical and others.

Key Players Analysis:

The major players covered in the oleic acid market report are BASF SE, Eastman Chemical Company, Berg + Schmidt, VVF L.L.C., KLK OLEO., Emery Oleochemicals, Wilmar International Ltd, Oleon NV., White Group Public Co., Ltd, Godrej Industries, Akzo Nobel N.V., KRATON CORPORATION, Ashland, Croda International Plc, Colgate-Palmolive Company (India) Limited, Vantage Oleochemicals, Wujiang Jinyu Lanolin Co., Ltd, Ferro Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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About Data Bridge Market Research (DBMR):

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