Rising Demand For Sustainable Plastics Drives Growth In The Oleochemical Market Driver: Leading Transformation in the Oleochemicals Market in 2025

What industry-specific factors are fueling the growth of the oleochemicals market?
The rise in demand for eco-friendly plastics is projected to fuel the oleochemical market's growth. The extensive use of plastic and other non-degradable materials has given rise to myriad environmental problems prompting both industries and consumers to switch to eco-friendly plastics. The employment of these sustainable plastics is aimed at lessening inefficiencies that lead to environmental damage, while optimising business procedures. This uptick in consumer requirement for environment-friendly plastic paves the way for new prospect markets particularly in the fields of cosmetics, pharmaceuticals, fashion, and food commerce for oleochemicals. As mentioned in a report from the European Bioplastics e.V., a German-based bioplastics industry advocacy group, in April 2023, the global bioplastics production capacity is anticipated to see a dramatic rise, going from roughly 2.2 million tonnes in 2022 to approximately 6.3 million tonnes by 2027. As a result, the growth in demand for sustainable plastics is anticipated to bolster the oleochemicals market in the predicted period.

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What Is the projected market size and growth rate for the oleochemicals market?
In recent years, we've seen a substantial increase in the oleochemicals market size. The market is projected to expand from $29.43 billion in 2024 to $32.13 billion in 2025, with a compound annual growth rate (CAGR) of 9.2%. This growth during the historic period can be ascribed to economic progression in nascent markets, rising demand for environmentally friendly plastics, and an increase in the price of crude oil.

Predictions suggest a swift expansion in the oleochemicals market in the coming years, with its value anticipated to reach $49.69 billion by 2029, reflecting a compound annual growth rate (CAGR) of 11.5%. This projected growth during the forecast period is primarily a result of supportive government schemes, rising demand for organic personal care products, and economical and sustainable raw materials. The forecast period also sees significant trends such as increased investment interest, enhanced online visibility, partnerships and collaborations, the establishment of new oleochemical manufacturing facilities, and consolidation through mergers and acquisitions.

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What trends are poised to drive the future success of the oleochemicals market?
Main players in the oleochemicals market are forming alliances and collaborations to consolidate their market stance. For instance, in February 2022, DKSH, a Swiss company specializing in the distribution of specialty chemicals and ingredients, teamed up with IOI Oleo, an oleochemical manufacturer based in Malaysia. The DKSH Business Unit Performance Materials will facilitate business growth, marketing, sales, logistics, and distribution for IOI Oleo's oleochemical specialties in six major Asian Pacific markets, namely Australia, New Zealand, the Philippines, Taiwan, South Korea, and Vietnam. Moreover, in March 2022, IMPAG AG, a Swiss firm engaged in the acquisition and distribution of raw materials for the life science and material science sectors, secured a fresh distribution pact with Hobum Oleochemicals, a German firm engaged in creating and selling oleochemicals. The partnership enables the companies to extend innovative bio-based solutions for existing and fresh industrial applications.

What major market segments define the scope and growth of the oleochemicals market?
The oleochemicals market covered in this report is segmented -

1) By Product: Fatty Acid, Fatty Acid Methyl Ester, Glycerol Esters, Fatty Alcohol, Fatty Amines, Other Products
2) By Application: Personal Care And Cosmetics, Soap And Detergents, Food And Beverages, Pharmaceuticals And Nutraceuticals, Others Applications
3) By Sales Channel: Direct, Indirect

Subsegments:
1) By Fatty Acid: Saturated Fatty Acids, Unsaturated Fatty Acids, Specialty Fatty Acids
2) By Fatty Acid Methyl Ester (FAME): Biodiesel, Surfactants, Lubricants
3) By Glycerol Esters: Mono-, Di-, And Tri-Glycerides, Glycerol Monostearate, Glycerol Esters Of Fatty Acids
4) By Fatty Alcohol: Linear Fatty Alcohol, Branched Fatty Alcohol, Natural Fatty Alcohol
5) By Fatty Amines: Primary Fatty Amines, Secondary Fatty Amines, Tertiary Fatty Amines
6) By Other Products: Surfactants, Emulsifiers, Lubricants

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Which region dominates the oleochemicals market?
Asia-Pacific was the largest region in the oleochemicals market in 2024, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the oleochemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the oleochemicals industry growth?
Major companies operating in the oleochemicals market include Wilmar International Limited, Kuala Lumpur Kepong Berhad, Kao Corporation, BASF SE, Evonik Industries AG, IOI Group, Emery Oleochemicals, Godrej Industries, Oleon Nv, Eastman Chemicals Company, Klk Oleo, Ecogreen Oleochemicals (Singapore) Pte Ltd, Pacific Oleochemicals Sdn Bhd, Ptt Global Chemical, Hangzhou Zanyu Oil Technology Co. Ltd, Jiangsu Meiaisi Corp Ltd, Taiko Palm-Oleo (Zhangjiagang) Co. Ltd, Evyap Oleo, Croda Industrial Chemicals, Mirriko, Pcc Group, Glycerine.Ru, Jedwards International Inc, Solvent Systems International, Ravago Chemicals North America, Vantage Oleochemicals, Oxiteno, Materia Hnos, Cremer Oleo Brazil, Gulf Chemicals And Industrial Oils Co, The Saudi Company Of Chemical Trading Ltd, African Chemicals, Refinex, Tristar

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What Is Covered In The Oleochemicals Global Market Report?

• Market Size Forecast: Examine the oleochemicals market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the oleochemicals market for a structured understanding.
• Key Players Overview: Analyze major players in the oleochemicals market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the oleochemicals market.
• Segment Contributions: Evaluate how different segments drive overall growth in the oleochemicals market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the oleochemicals market.
• Industry Challenges: Identify potential risks and obstacles affecting the oleochemicals market.
• Competitive Landscape: Review strategic developments in the oleochemicals market, including expansions, agreements, and new product launches.

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