In-depth analysis and data-driven insights into the impact of COVID-19 included in this report on Global Oleochemicals Market. The oleochemical market is expected to reach $ 38,577. 16 million by 2026, growing at a CAGR of 5.
New York, October 26, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Oleochemicals Market – Global Outlook & Forecast 2021-2026” – https://www.reportlinker.com/p06177613/?utm_source = GNW
74% in 2021-2026.
The following factors are likely to contribute to the growth of the oleochemical market during the forecast period:
• Growing demand for green chemicals
• Growing acceptance of biodegradable chemicals
• Strong demand from consumer markets
• Easy availability of raw materials
OLEOCHEMICAL MARKET OVERVIEW
Oleochemical products offer various diversification opportunities for chemical companies. The move towards global trends is expected to boost the oleochemical industry. To meet growing consumer demand, manufacturers are focusing on oleochemicals as renewable and sustainable alternatives to petrochemicals in the chemical industry. The growing acceptance of performance-driven oleochemicals is driving the growth of the market.
• The growing demand for environmentally friendly biobased products is accelerating the growth of oleochemicals in multiple applications across North America.
• In recent years, tropical oils have been environmentally friendly and cruelty-free, gaining strong traction in the global industry. The tropical oil market will experience faster growth during the forecast period.
• The personal care industry is growing rapidly in emerging economies such as China, India and Latin American countries, which in turn is fueling demand for oleochemicals.
The study considers a detailed scenario of the current oleochemical market and its market dynamics for the period 2021-2026. It covers a detailed overview of several catalysts, restraints and trends for market growth. The report presents both demand and supply aspects of the market. It profiles and reviews the top companies and other leading companies operating in the market.
SEGMENTATION OF THE OLEOCHEMICAL MARKET
This research report includes detailed segmentation by
• Raw material
OLEOCHEMICAL MARKET SEGMENTS
Type: The increase in health expenditure and the growing awareness associated with the health consciousness of the population are driving the demand for pharmaceuticals. The growing pharmaceutical industry demands more raw materials, excipients and glycerin, resulting in strong growth of the entire oleochemical industry.
Application: Oleochemicals in detergents are used to produce more suds and increase cleaning properties. With the growing concerns and environmental friendliness of oleochemicals, manufacturers are encouraging the adoption of oleochemicals in all detergents in the global market.
Raw Material: Tropical oils are safe for consumption and use; this has encouraged manufacturers to adopt oleochemicals derived from tropical petroleum in multiple applications.
Market segmentation by type
• Fatty acids
• Fatty alcohols
• Methyl ester
Market segmentation by application
• Soaps and detergents
• Personal care and cosmetics
• Pharmaceutical products
• Food and drinks
Market segmentation by raw material
• Tropical oil
• Animal oil
Market segmentation by geography
• North America
o United States
• Latin America
• Middle East and Africa
o Saudi Arabia
o United Arab Emirates
Companies in the oleochemical industry are focusing on mergers and acquisitions to strengthen their product portfolio and enter new markets. Regional players have started to expand their presence internationally to gain a high market share. Manufacturers invest heavily in R&D to develop innovative products in order to stand out from the competition. For example, Emery oleochemicals has extended its distribution partnership with Omya Inc. The company provides technical support to Emery’s US customers for green polymer additive products, such as lubricants and specialty plasticizers.
• Croda International plc
• Emery oleochemicals
Other important suppliers
• Kuala Lumpur Kepong Berhad
• Kao Company
• Eastman Chemical Company
• Oleochemical IOI
• Godrej chemicals
• Ecogreen oleochemistry
• Vantage Specialty Chemicals
• Oléon Lv
• Chemrez Technologies
• JNJ Oleochemistry
• Sakamoto Yakuhin Kogyo
• Archer Daniels Midland Company (ADM)
• P&G Chemicals
ANSWERS TO KEY QUESTIONS:
1. What is the size of the oleochemicals market?
2. Which application segment dominated the oleochemicals market?
3. Who are the key players in the oleochemical industry?
4. What are the factors driving the oleochemical industry?
5. Which region had the highest share of the oleochemicals market?
6. Which region is the main producer and consumer of the oleochemicals market?
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