Press release
Oleochemicals Market, Oleochemicals Manufacturers | Market Analysis - 2023
Read summary of report here : https://www.psmarketresearch.com/market-analysis/oleochemicals-market
The significant growth of the pharmaceutical, personal care, and food and beverage industries in emerging economies, such China, India, and Brazil, are creating ample opportunities for the growth of global market during the forecast period.
Oleochemicals are the chemicals derived from natural fat and oil from plants and animals. These are obtained by splitting triglyceride structure of fat and oils into fatty acids and glycerol.
The oleochemicals are analogous to the petrochemicals derived from petroleum. These chemicals have potential to replace a significant portion of petrochemicals, as these are derived from the renewable resources and are environment friendly.
Geographically, Asia-Pacific dominated the global market, owing to high consumption and production of oleochemicals in the region, easy availability of feedstock, and government support for bio-based products. The region is also anticipated to witness the highest growth during 2016 – 2022.
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The key players operating in the global market are Alnor Oil Company, Arizona Chemical Company LLC, BASF SE, Cargil Incorporated, Eastman Chemical Company, Procter & Gamble, Evonik Industries AG, Godrej Group, Emery Oleochemicals Group, PTT Global Chemical Public Company Limited, Wilmar International Ltd., and Berg+Schmidt GmbH & Co. KG.
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