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Oleochemicals Market Projected to Reach US$ 44.0 Billion by 2032

02-09-2024 10:58 AM CET | Chemicals & Materials

Press release from: IMARC Group

Oleochemicals Market Projected to Reach US$ 44.0 Billion by 2032

The latest report by IMARC Group, titled "๐Ž๐ฅ๐ž๐จ๐œ๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐†๐ฅ๐จ๐›๐š๐ฅ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ, ๐’๐ก๐š๐ซ๐ž, ๐’๐ข๐ณ๐ž, ๐†๐ซ๐จ๐ฐ๐ญ๐ก, ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐š๐ง๐ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ", The global oleochemicals market size reached US$ 25.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 44.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.9% during 2024-2032.

Oleochemicals are a group of organic compounds derived from natural fats and oils, mainly plant-based sources such as palm, soybean, and coconut. These chemical compounds undergo a process known as saponification, where fats and oils are hydrolyzed to yield valuable components, including fatty acids, glycerin, and various derivatives. Oleochemicals have gained significant prominence in diverse industrial sectors due to their eco-friendly and renewable nature. They serve as essential building blocks for the production of a wide array of products, spanning from soaps and detergents to pharmaceuticals, cosmetics, and even biofuels. The versatility of oleochemicals lies in their capacity to replace conventional petrochemical-based ingredients, aligning with the global shift toward sustainable and environmentally conscious business practices. This, coupled with their biodegradability and low toxicity, positions oleochemicals as a critical player in the sustainable chemical sector.

๐…๐จ๐ซ ๐š๐ง ๐ข๐ง-๐๐ž๐ฉ๐ญ๐ก ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐ฒ๐จ๐ฎ ๐œ๐š๐ง ๐ซ๐ž๐Ÿ๐ž๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/oleochemicals-market/requestsample

Oleochemicals Market Trends and Drivers:
The global oleochemicals market is primarily driven by the increasing awareness of environmental sustainability, which is fostering a growing preference for oleochemicals over traditional petroleum-based alternatives. This shift is propelled by the desire of businesses and consumers alike to reduce their carbon footprint and embrace greener solutions. Additionally, the cosmetics and personal care industry is witnessing a rising inclination toward natural and organic ingredients, fueling the demand for oleochemical-derived substances like fatty alcohols and esters, which find extensive use in these products. Moreover, the food and beverage sector is exploring oleochemicals as food emulsifiers, antioxidants, and texturizing agents, aiming to cater to health-conscious consumers seeking cleaner-label products, thus augmenting market growth. Furthermore, product innovations, such as the development of bioplastics and bio-lubricants, are expanding their reach across various industrial applications, thereby contributing to market growth.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:
โ€ข Fatty Acids
โ€ข Fatty Alcohols
โ€ข Glycerine
โ€ข Others

Breakup by Form:
โ€ข Liquid
โ€ข Solid
o Flakes
o Pellets
o Beads
o Others

Breakup by Application:
โ€ข Soaps and Detergents
โ€ข Plastics
โ€ข Paper
โ€ข Lubricants
โ€ข Rubber
โ€ข Coatings and Resins
โ€ข Personal Care Products
โ€ข Others

Breakup by Feedstock:
โ€ข Palm
โ€ข Soy
โ€ข Rapeseed
โ€ข Sunflower
โ€ข Tallow
โ€ข Palm Kernel
โ€ข Coconut
โ€ข Others

Market Breakup by Region:
โ€ข North America (United States, Canada)
โ€ข Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
โ€ข Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
โ€ข Latin America (Brazil, Mexico, Others)
โ€ข Middle East and Africa

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐“๐Ž๐‚:https://www.imarcgroup.com/oleochemicals-market

Competitive Landscape with Key Player:
โ€ข Akzo Nobel N.V.
โ€ข BASF SE
โ€ข Cargill, Incorporated
โ€ข Emery Oleochemicals Group
โ€ข Evonik Industries AG
โ€ข Evyap Oleo
โ€ข Godrej & Boyce Mfg. Co. Ltd.
โ€ข Kao Corporation
โ€ข KLK Oleo
โ€ข Myriant Technologies
โ€ข Oleon NV
โ€ข Procter & Gamble Company
โ€ข PTT Global Chemical Public Company Limited
โ€ข Corbion N.V.
โ€ข Wilmar International Ltd.

๐๐จ๐ญ๐ž: ๐ˆ๐Ÿ ๐ฒ๐จ๐ฎ ๐ง๐ž๐ž๐ ๐ฌ๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐ญ๐ก๐š๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐ญ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ž ๐ฌ๐œ๐จ๐ฉ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ฐ๐ž ๐ฐ๐ข๐ฅ๐ฅ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž ๐ข๐ญ ๐ญ๐จ ๐ฒ๐จ๐ฎ ๐š๐ฌ ๐š ๐ฉ๐š๐ซ๐ญ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง.

๐Ž๐ญ๐ก๐ž๐ซ ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฎ๐›๐ฅ๐ข๐ฌ๐ก๐ž๐ ๐›๐ฒ ๐ˆ๐Œ๐€๐‘๐‚ ๐†๐ซ๐จ๐ฎ๐ฉ :

โ€ข https://www.imarcgroup.com/autopilot-systems-market
โ€ข https://www.imarcgroup.com/battery-analyzer-market
โ€ข https://www.imarcgroup.com/refractories-market
โ€ข https://www.imarcgroup.com/vaccine-vials-market
โ€ข https://www.imarcgroup.com/counter-ied-market
โ€ข https://www.imarcgroup.com/e-commerce-market
โ€ข https://www.imarcgroup.com/industrial-garnet-market
โ€ข https://www.imarcgroup.com/agricultural-packaging-market

Contact Us:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 |United Kingdom: +44-753-713-2163

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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