Asia-Pacific Oleochemicals Market Key Insights and Forecast Detailed in New Research Report 2028

The Asia-Pacific oleochemicals market, valued at $14.8 billion in 2020, is projected to grow to $26.5 billion by 2028, achieving a CAGR of 6.5% from 2021 to 2028, according to a report from Allied Market Research. This growth is driven by the increasing demand across various end-user industries and the rising preference for sustainable, biodegradable products. However, volatile raw material prices challenge the market's growth. Meanwhile, a heightened awareness of harmful chemicals in personal care products presents promising future opportunities.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/A11834

Market Segmentation

The report segments the Asia-Pacific oleochemicals market by type, application, and country.

- By Type: Fatty acids dominated the market in 2020, accounting for nearly half of the market share. Meanwhile, the fatty alcohol segment is anticipated to grow at the fastest rate with a CAGR of 7.4% during the forecast period.

- By Application: The personal care and cosmetics segment is expected to show the highest growth, with a projected CAGR of 7.5% through 2028. However, the soap and detergents segment led the market in 2020, contributing over one-fifth of the market share.

- By Country: China held the largest share of the Asia-Pacific market in 2020, representing over 40% of the market. Vietnam, however, is expected to experience the highest growth, with a forecasted CAGR of 8.9%.

Key Market Players

- Prominent players in the Asia-Pacific oleochemicals market include Hancole, Ecogreen Oleochemical, Kao Corporation KLK Oleo, IOI Corporation Berhad, P&G Chemicals, Sinarmas Cepsa Pte. Ltd., Musim Mas, Unilever Oleochemicals Indonesia, Timur Oleochemicals, Wilmar International Ltd., Emery Oleochemicals, Croda International Plc, Oleon NV, and Global Green Chemicals.

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/asia-pacific-oleochemicals-market-A11834

Contact:

David Correa

United States

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int'l: +1-503-894-6022

Toll Free: +1-800-792-5285

Fax: +1-800-792-5285

help@alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.