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The global oleochemicals market is expected to increase from USD 35.43 billion in 2022 to USD 54.48 billion by 2030, representing a CAGR of 7.3% between 2022 and 2030. In 2022, the market was valued at USD 33.14 billion. Demand for oleochemicals is lower than expected across all regions because to the unprecedented and overwhelming global COVID-19 outbreak. Our research indicates that in 2020 the global market will have dropped by 3.0% compared to 2019.
The increasing strictness of environmental rules and the depletion of nonrenewable resources have created an opening for oleochemicals to join the market and replace traditional petroleum-based products. Strong demand from end-user markets, plentiful supply of raw materials, and an expanding market for environmentally friendly chemicals are all contributing to the industry's expansion. These factors are providing tremendous opportunity for the oleochemicals industry to expand rapidly.
In order to broaden their product offerings and increase their geographical presence, oleochemicals producers rely heavily on partnerships and agreements. The future of the oleochemicals industry may depend on the company's ability to expand into fast-growing regions including Asia-Pacific, Brazil, and the Middle East. For major applications like pharmaceutical & personal care, food & beverages, soaps & detergents, polymers, and others, the research covers the oleochemicals market in Europe, North America, Asia-Pacific, and Rest of the World. In order to determine the best approach to market expansion, this paper examines current marketing practises. It reveals the market's driving forces, restraining factors, opportunities, and must-haves for success.
The fuel sector has been extensively monitored by numerous groups and government agencies. The majority of energy comes from burning fossil fuels, which has always been a problem for the environment and public health. Our World in Data reports that in 2019, the world used 135,807 terawatt-hours of electricity generated from fossil fuels like coal, gas, and oil. Global warming, ozone layer depletion, and pollution are only some of the environmental problems that have arisen as a result of human activity's impact on the planet and the use of fossil fuels. As a result, people are gravitating towards eco-friendly products like biofuels. Transesterification of oils and fats from renewable resources yields biodiesel. In 2018, 2.6 billion gallons of biofuels were generated by the U.S. biofuels business. increased technical development and the increased use of sustainable alternatives to petrochemicals goods in the food and beverage and feed products are expected to serve as a growth opportunity.
The primary drivers driving the market for oleochemicals are the increase in demand for green chemicals, the high demand from end-use industries, and the simple availability of raw materials. In addition, environmental restrictions are tightening and nonrenewable resources are dwindling, paving the way for oleochemicals to join the market and eventually replace petroleum-based products. Manufacturers are also responding to the need for biobased products by switching from chemical to biobased environmentally friendly products. It is anticipated that this will speed up the process and cut down on expenses.
FDA-compliant food packaging and sanitizers for food-contact surfaces both make use of oleochemicals. Triple pressed stearic acid is used as a mold-release agent in the food and beverage sector. The oleochemicals market is anticipated to expand as a result of the rise in oleochemical usage in the food industry and the growth of the food sector in emerging economies. In addition, oleochemicals are used to create surfactants, cleaning agents, emulsifiers, foam boosters, and degreasers, all of which have widespread applications in the home and workplace. The oleochemicals industry in Asia and the Pacific is poised to benefit from rising disposable incomes and populations in countries like India and China.
Report Coverage
Global Oleochemicals research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Oleochemicals report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Oleochemicals competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Oleochemicals market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Oleochemicals market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Oleochemicals market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Emery Oleochemicals, Wilmar International, Oleon NV, KLK Oleo, Musim Mas Group, Croda International, IOI Group, Procter & Gamble Co., Twin River Technologies, and Chemical Associates Inc. The other players in the oleochemicals market include Evyap Oleo, Godrej Industries, Cargill Inc., CREMER, and Pacific Oleochemicals Sdn Bhd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Oleochemicals market based on the below-mentioned segments:
Global Oleochemicals Market, By Type
Fatty Acid
Fatty Alcohol
Glycerol
Others
Global Oleochemicals market, By Application
Pharmaceuticals
Personal Care & Cosmetics
Food & Beverages
Soap & Detergents
Polymers
Others
Global Oleochemicals market, Regional Analysis
The increasing strictness of environmental rules and the depletion of nonrenewable resources have created an opening for oleochemicals to join the market and replace traditional petroleum-based products. Strong demand from end-user markets, plentiful supply of raw materials, and an expanding market for environmentally friendly chemicals are all contributing to the industry's expansion. These factors are providing tremendous opportunity for the oleochemicals industry to expand rapidly.
In order to broaden their product offerings and increase their geographical presence, oleochemicals producers rely heavily on partnerships and agreements. The future of the oleochemicals industry may depend on the company's ability to expand into fast-growing regions including Asia-Pacific, Brazil, and the Middle East. For major applications like pharmaceutical & personal care, food & beverages, soaps & detergents, polymers, and others, the research covers the oleochemicals market in Europe, North America, Asia-Pacific, and Rest of the World. In order to determine the best approach to market expansion, this paper examines current marketing practises. It reveals the market's driving forces, restraining factors, opportunities, and must-haves for success.
The fuel sector has been extensively monitored by numerous groups and government agencies. The majority of energy comes from burning fossil fuels, which has always been a problem for the environment and public health. Our World in Data reports that in 2019, the world used 135,807 terawatt-hours of electricity generated from fossil fuels like coal, gas, and oil. Global warming, ozone layer depletion, and pollution are only some of the environmental problems that have arisen as a result of human activity's impact on the planet and the use of fossil fuels. As a result, people are gravitating towards eco-friendly products like biofuels. Transesterification of oils and fats from renewable resources yields biodiesel. In 2018, 2.6 billion gallons of biofuels were generated by the U.S. biofuels business. increased technical development and the increased use of sustainable alternatives to petrochemicals goods in the food and beverage and feed products are expected to serve as a growth opportunity.
The primary drivers driving the market for oleochemicals are the increase in demand for green chemicals, the high demand from end-use industries, and the simple availability of raw materials. In addition, environmental restrictions are tightening and nonrenewable resources are dwindling, paving the way for oleochemicals to join the market and eventually replace petroleum-based products. Manufacturers are also responding to the need for biobased products by switching from chemical to biobased environmentally friendly products. It is anticipated that this will speed up the process and cut down on expenses.
FDA-compliant food packaging and sanitizers for food-contact surfaces both make use of oleochemicals. Triple pressed stearic acid is used as a mold-release agent in the food and beverage sector. The oleochemicals market is anticipated to expand as a result of the rise in oleochemical usage in the food industry and the growth of the food sector in emerging economies. In addition, oleochemicals are used to create surfactants, cleaning agents, emulsifiers, foam boosters, and degreasers, all of which have widespread applications in the home and workplace. The oleochemicals industry in Asia and the Pacific is poised to benefit from rising disposable incomes and populations in countries like India and China.
Report Coverage
Global Oleochemicals research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Oleochemicals report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Oleochemicals competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Oleochemicals market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Emery Oleochemicals, Wilmar International, Oleon NV, KLK Oleo, Musim Mas Group, Croda International, IOI Group, Procter & Gamble Co., Twin River Technologies, and Chemical Associates Inc. The other players in the oleochemicals market include Evyap Oleo, Godrej Industries, Cargill Inc., CREMER, and Pacific Oleochemicals Sdn Bhd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Oleochemicals Market from 2021 to 2030.
- Market Forecast for Oleochemicals Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Oleochemicals competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Oleochemicals
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Oleochemicals market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Oleochemicals market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Emery Oleochemicals, Wilmar International, Oleon NV, KLK Oleo, Musim Mas Group, Croda International, IOI Group, Procter & Gamble Co., Twin River Technologies, and Chemical Associates Inc. The other players in the oleochemicals market include Evyap Oleo, Godrej Industries, Cargill Inc., CREMER, and Pacific Oleochemicals Sdn Bhd.
Primary Target Market
- Market Players of Oleochemicals
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Oleochemicals market based on the below-mentioned segments:
Global Oleochemicals Market, By Type
Fatty Acid
Fatty Alcohol
Glycerol
Others
Global Oleochemicals market, By Application
Pharmaceuticals
Personal Care & Cosmetics
Food & Beverages
Soap & Detergents
Polymers
Others
Global Oleochemicals market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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