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Specialty Oleochemicals Market Size, Share, Trends, Growth, Industry Analysis And Forecast 2023-2032 | Evonik Industries AG, Vantage Specialty Chemicals Inc., Emery Oleochemicals LLC, Wilmar International Ltd., Kao Corporation
Specialty Oleochemicals Market Report
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.
A key trend in the specialty oleochemicals market includes product innovations. Companies operating in the specialty oleochemicals market are innovating new products to sustain their position in the market. For instance, in September 2020, Emery Oleochemicals, a USA-based manufacturer of specialty chemicals and high-performance chemicals, launched a bio-based E fatty acid esters product. These fatty acid esters have high color stability, and a mild odor, and are easily degraded. EMERY E bio-based esters can be used as an eco-friendly replacement for petrochemical-based components in the formulation of several consumer and industrial systems.
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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
……
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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