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Oleochemical Fatty Acid Market Expand Their Businesses With New Investments
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The oleochemical fatty acid is an essential ingredient necessary for various applications from personal care products to agrochemicals. The global market for oleochemical fatty acid is driven by the increasing pharmaceutical and food industry. Besides, the demand for various cosmetics, soaps and detergents in personal care segment fuels the global oleochemical fatty acid market. Good Manufacturing Practice (GMP) and Hazard Analysis and Critical Control Points (HACCP) are some of the standards required for the production of oleochemical fatty acid.
The global oleochemical fatty acid market is segmented on the basis of fatty acid obtained at the process end, fatty acid type and end user.
Based on the process of fatty acid manufactured, the global oleochemical fatty acid market is segmented into:
•Fractionated oleochemical fatty acid
•Distilled oleochemical fatty acid
Based on the fatty acid type, global oleochemical fatty acid market is segmented into:
•Stearic acid
•Oleic acid
•Caproic acid
•Palm Fatty Acid
•Others
Based on the application, global oleochemical fatty acid market is segmented into:
•Soap and detergent
•Rubber, Latex
•Paper, candles, waxes
•Lubricant & Grease
•Coating & Resin
•Plastic
•Others
Based on the end user the global oleochemical fatty acid market is segmented into:
• Personal care/ Cosmetics
•Agrochemicals
• Food & Pharmaceutical
•Others
The global oleochemical fatty acid market is geographically divided into five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa (MEA). Asia Pacific Wilmar International Ltd. accounting one-third of Asia’s fatty acid production.
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Some of the key players identified in the global oleochemical fatty acid market are Wilmar International Ltd, Emery Oleochemicals, P&G Chemicals, KLK OLEO, PT Musim Mas, CREMER, Vegetable Vitamin Foods Company Pvt. Ltd., Godrej Industries (Chemicals), 3F GROUP, etc.
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