Global Oleochemicals Market Size, Share, and Forecast Analysis 2025-2029

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What Are the Oleochemicals Market Size Forecast for 2025?
The size of the oleochemicals market has seen robust growth in the past few years. The projection is for it to expand from $29.43 billion in 2024 to $31.69 billion in 2025, with a compound annual growth rate (CAGR) of 7.7%. The growth witnessed in the historic period is largely attributed to economic expansion in emerging markets, a surge in demand for eco-friendly plastics, and an increase in crude oil prices.

What Is the Market Size Outlook for Oleochemicals Until 2029?
The market size for oleochemicals is predicted to experience a swift expansion in the coming years, rising to $48.42 billion in 2029 with a compound annual growth rate (CAGR) of 11.2%. The expected growth during the forecast period is thought to result from positive governmental measures, a heightened emphasis on organic personal care items, as well as the lower expense and sustainability of raw materials. Key trends for the forecast period consist of a concentration on raising investments, developing an online foothold, establishing partnerships and collaborations, launching new oleochemical manufacturing facilities, and executing mergers and acquisitions.

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What Are the Major Factors Driving Demand in the Oleochemicals Market?
The oleochemical market is anticipated to be driven by the growing demand for sustainable plastics. The environmental problems caused by the use of plastic and other non-biodegradable materials compel industries and consumers to switch to sustainable plastics. The aim of employing sustainable plastic is to lessen the environmental damage caused by inefficiencies and streamline business operations. The rising consumer demand for eco-friendly plastic paves the way for new markets, notably in the cosmetics, pharmaceutical, fashion, and food sectors for oleochemicals. For example, a report by the European Bioplastics e.V., a German association promoting the bioplastics industry throughout Europe, suggested in April 2023 that the worldwide bioplastics production capacity is likely to experience a substantial increase, growing from roughly 2.2 million tonnes in 2022 to about 6.3 million tonnes by 2027. Thus, it's expected that the growing demand for sustainable plastics will augment the oleochemical market during the forecasted timeline.

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How Are End-Use Segments Shaping the Oleochemicals Market Outlook?
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

What Are the Strategic Trends Transforming the Oleochemicals Market Landscape?
Leading firms in the oleochemicals market are forging alliances and collaborations to reinforce their market standing. As an illustration, in February 2022, DKSH, a Swiss firm that ranks as a top distributor of specialty chemicals and ingredients, entered into partnership with IOI Oleo, an oleochemical manufacturer based in Malaysia. DKSH's Business Unit Performance Materials is set to offer business development, marketing, sales, logistics, and distribution services for IOI Oleo's oleochemical specialty portfolio in six core Asian Pacific markets, like Australia, New Zealand, the Philippines, Taiwan, South Korea, and Vietnam. Moreover, in March 2022, IMPAG AG, a Switzerland-based company engaged in sourcing and distributing raw materials for life science and material science industries, formed a fresh distribution partnership with Hobum Oleochemicals, a German firm specializing in the production and trading of oleochemicals. This collaboration will enable both businesses to deliver innovative bio-based solutions for current and upcoming industrial uses.

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Who Are the Prominent Companies in the Oleochemicals Market by ?
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

Which Region Is Expected to See the Highest CAGR in 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.

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