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Oleochemicals Market 2024-32: Share, Size, Growth, Key Players and Forecast

02-15-2024 02:08 PM CET | Chemicals & Materials

Press release from: IMARC Group

Oleochemicals Market 2024-32: Share, Size, Growth, Key Players

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 inย 2023. Looking forward, IMARC Group expects the market to reach US$ 44.0 Billion byย 2032, exhibiting a growth rate (CAGR) of 5.9% duringย 2024-2032.

Oleochemicals, derived from natural fats and oils like palm, soybean, and coconut through saponification, yield valuable components such as fatty acids, glycerin, and derivatives. Their eco-friendly and renewable nature has led to significant utilization across various industries. Serving as essential components in products ranging from soaps to pharmaceuticals and biofuels, oleochemicals replace petrochemical-based ingredients, aligning with sustainable business practices. Their biodegradability and low toxicity make them crucial in the sustainable chemical sector.

Oleochemicals Market Trends and Drivers:

The global oleochemicals market experiences robust growth driven by increasing environmental consciousness favoring oleochemicals over traditional petroleum-based alternatives. This shift responds to the widespread desire to reduce carbon footprints and adopt eco-friendly solutions. The cosmetics and personal care sector, in particular, shows a growing preference for natural and organic ingredients, boosting demand for oleochemical-derived substances like fatty alcohols and esters. Similarly, the food and beverage industry is embracing oleochemicals for their roles as emulsifiers, antioxidants, and texturizing agents, meeting the demand for cleaner-label products among health-conscious consumers. Moreover, ongoing product innovations such as bioplastics and bio-lubricants are diversifying oleochemical applications across various industrial sectors, further propelling market expansion.

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

Report Segmentation:

The report has segmented the market into the following categories:

Breakupย by Type:

โ€ข Fatty Acids
โ€ข Fatty Alcohols
โ€ข Glycerine
โ€ข Others

Breakup by Form:

โ€ข Liquid
โ€ข Solidย 
โ€ข Flakes
โ€ข Pellets
โ€ข Beads
โ€ข 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

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/cataract-surgical-devices-market
โ€ข https://www.imarcgroup.com/marketing-resource-management-market
โ€ข https://www.imarcgroup.com/diesel-engine-market
โ€ข https://www.imarcgroup.com/multi-tenant-data-center-market
โ€ข https://www.imarcgroup.com/soil-moisture-sensors-market
โ€ข https://www.imarcgroup.com/in-memory-computing-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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