Oleochemicals Market is projected to reach a value of over USD 32.7 billion by 2027
Oleochemicals Market: Summary
The Global Oleochemicals Market is projected to reach a value of over USD 32.7 billion by 2027 at a CAGR of around 5.7%.
Oleochemicals are derived from natural sources including plant and animal fats. The formation of a basic oleochemical substance such as fatty acid is derived through various chemical and enzymatic reactions. They are widely used in home and personal care industries, and also are used as raw materials or as an intermediary for pharmaceuticals, plastic, rubber, paints, and lubricant industries. Its biodegradable and low toxicity properties have boosted its demand from end-use various industries.
Oleochemicals Market: Drivers & Challenges
Market Driver:
- Growing Preference for Sustainable and Biodegradable Products
Traditionally, synthetic chemicals derived from crude oil and other products have been used in manufacturing in various industries such as personal care, and many others. Several health risks, acting as skin irritants, carcinogens, and endocrine disrupters are some of the adverse effects related to the use of synthetic chemicals. However, oleochemicals present immense benefits over traditional synthetic chemicals and petrochemical, being cheaper to produce, source and even ship. The cost associated with waste disposal is reduced as they are natural compound. Owing to these benefits consumers and manufactures are tending to choose more sustainable and biodegradable chemicals which are further expected to drive the oleochemicals market.
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Market Restraint:
- Volatility in Raw Material Price
Oil and fats are important raw materials used for the production of oleochemicals including free fatty acid, methyl esters, fatty alcohols and amines, and glycerol as a byproduct. Volatility in the prices of these materials is a major factor likely to hamper the market growth during the assessment period. The price fluctuations can be attributed to the easy availability of raw materials and overstocking of the same by countries with larger raw material producers resulting in supply and demand gap. Moreover, geopolitical factors such as trade war, and others may also hinder growth in the oleochemicals market.
Oleochemicals Market: Key Segments
- Segmentation based on type: Fatty Acid, Fatty Alcohol, Glycerol, and Others.
- Segmentation based on application: Personal Care, Soap & Detergents, Food & Beverage, Plastics, Rubber, Paper, Lubricants & Greases, and Others.
- Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.
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Oleochemicals Market: Report Scope
The report on the oleochemicals market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features
Specifics
Historical/Estimated/Forecasted Market Size Years
2019–2027
Base Year for Market Calculation
2020
Forecasted Period
2021–2027 (2021 estimated year, forecasted up to 2027)
Measured Units
Value (USD Million)
Segments Included
Type, Application, and Region
Regional Coverage
North America, Asia-Pacific, Europe, Middle East & Africa, South America
Key Companies Covered
- BASF SE (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Wilmar International Ltd
- Croda International Plc
- Procter & Gamble
- Cargill, Incorporated
- Godrej Industries Limited
- Evonik
- SABIC
- Vantage Specialty Chemicals
- Kuala Lumpur Kepong Berhad
- Emery Oleochemicals
- KAO CORPORATION
- Nouryon
- Oleon NV
- MYRIANT
- Other Key Companies
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Oleochemicals Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Oleochemicals Market, by Type
- Fatty Acid
- Fatty Alcohol
- Glycerol
- Others
Oleochemicals Market, by Application
- Personal Care
- Soap & Detergents
- Food & Beverages
- Plastics
- Rubber
- Paper
- Lubricant & Grease
- Others
Oleochemicals Market, by Region
- North America
- US
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Content
1 Introduction
2 Research Design & Scope
3 Executive Summary
4 Market Dynamics
5 Industry Trends — Porters Five Forces Analysis
6 GLOBAL OLEOCHEMICALS MARKET BY TYPE, Market Size in USD Million (2019–2027)
7 GLOBAL OLEOCHEMICALS MARKET BY APPLICATION, Market Size in USD Million (2019–2027)
8 GLOBAL OLEOCHEMICALS MARKET BY REGION, Market Size in USD Million (2019–2027)
9 Competitive Landscape
10 Company Profiles
11 Appendix
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