Article Top Ad
Reading Time: 4 minutes

Acumen Research and Consulting recently published report titled “Oleochemicals Market Size, Share, Analysis Report And Region Forecast, 2022 – 2030”

TOKYO, June 14, 2022 (GLOBE NEWSWIRE) — The global

One of the key factors driving the global oleochemicals market’s growth is expected to be strong growth for glycerol esters as a beneficial alternative to conventional petroleum-based product lines from the skincare and personal care product industry. Oleochemicals have largely replaced petrochemicals in a wide range of markets since the first petroleum conflict in 1974. Furthermore, the current dramatic increase in petroleum prices has accelerated this trend. The rapid rise of biofuel production such as triglycerides and ethanol is beginning to have an impact on the oil and fat economy. While the price of crude oil has fallen since 2006, the price of oils and fats has risen to new highs. Despite this progress, petrochemicals are still unable to compete in the majority of industrial applications with basic oleochemicals. On the other hand, the rise in the price of fats and oils is affecting the competitiveness of triglycerides and biodiesel as biofuel production.

Report Coverage:

Market Oleochemicals Market
Market Size 2021 US$ 20,845 Mn
Market Forecast 2030 US$ 39,689 Mn
CAGR (2022 – 2030) Over 7%
Analysis Period 2018 – 2030
Base Year 2021
Forecast Data 2022 – 2030
Segments Covered By Product, By Application, By Region
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Cargill, Inc., Twin Rivers, SABIC, Croda Industrial Chemicals, Kuala Lumpur Kepong Berhad, Evonik Industries, BASF SE, Emery Oleochemicals, Oleon N.V., IOI Group Berhad, Wilmar International, and Kao Corp.
Report Coverage Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Customization Scope 10 hrs of free customization and expert consultation

Global Oleochemicals Market Growth Aspects

The global awareness of environmental consciousness is one of the factors driving the growth of the oleochemicals market. Increased consumption of bio-based, sustainable, and eco-friendly chemicals in industries such as personal care and cosmetics, food and beverages, and chemical industries, among others, drives market growth, as does the high cost of petrochemical products. Furthermore, the expansion of various end-use sectors, rapid industrialization, and the widespread accessibility of feedstock all benefit the oleochemicals market. Consumption of oleochemicals in the form of fatty acids, which are used in the production of detergents, soaps and surfactants, varnishes, lubricants, and pharmaceuticals, as well as initiatives to replace chemically derived products with bio-based chemicals to reduce reformulation and re-equipping cost and time, all have an impact on the market. Besides that, the trend toward bio-based raw materials in polymer production creates lucrative opportunities for market contestants in the coming years.

Furthermore, the COVID-19 pandemic increased demand for sanitizers, cleaning chemicals, and disinfectants, all of which are made with oleochemicals. However, supply chain operations were hampered due to travel restrictions. On the other hand, oscillations in raw material prices and the ease with which raw materials are available in emerging economies are expected to stymie market growth. During the forecast period, the oleochemicals market is expected to face tough competition from petroleum-based chemicals.

To receive personalized service, please share your research needs here @

https://www.acumenresearchandconsulting.com/request-customization/2931

Regional Overview

North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the regional classification of the global oleochemicals market. The North American region is expected to grow significantly during the forecast period. North America is a rapidly growing region, owing to increased consumer awareness of the harmful effects of chemical additives in cosmetics and personal care products, which is primarily driving the market growth. For example, different skincare, cosmetic, and hair care companies in North America have prohibited the use of bithionol and methylene chloride in their product lines. The rise of veganism in the region has accelerated the use of plant-based additives in personal care and skin care products are driving the market in the region. Furthermore, the United States is a major consumer of oleochemicals in this region. North America dominated the global oleochemicals market due to increased demand for sustainable polymers in the region’s various end-user industries.

Market Segmentation

The global oleochemicals market has been segmented by Acumen Research and Consulting based on product, and application. Based on the product, the market is divided into specialty esters, glycerol esters, fatty acid methyl ester, fatty amines, alkoxylates, and others. Based on application, the market split into personal care & cosmetics, food & beverages, consumer goods, paints & inks, textiles, industrial, polymer & plastic additives, healthcare & pharmaceuticals, and others.

Buy this premium research report – https://www.acumenresearchandconsulting.com/buy-now/0/2931

Major Players

Most market players are expanding their existence in emerging economies such as Brazil, Netherlands, India, and other developing nations in order to gain a competitive advantage. Some key players covered global in the oleochemicals industry are Cargill, Inc., Twin Rivers, SABIC, Croda Industrial Chemicals, Kuala Lumpur Kepong Berhad, Evonik Industries, BASF SE, Emery Oleochemicals, Oleon N.V., IOI Group Berhad, Wilmar International, and Kao Corp.

Browse Chemicals and Materials Industry Report

The global industrial coatings market is anticipated to grow at a CAGR of around 3.5% during the forecast period 2020 to 2027 and to reach around US$ 106.5 Bn by 2027.

The global water treatment chemicals market is anticipated to grow at a CAGR of around 6.3% during the forecast period 2020 to 2027 and to reach around US$ 75.4 Bn by 2027.

About Acumen Research:

Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

For Latest Update Follow Us:

https://twitter.com/AcumenRC

https://www.facebook.com/acumenresearchandconsulting

https://www.linkedin.com/company/acumen-research-and-consulting

Contact Us:

Mr. Richard Johnson

Acumen Research and Consulting

USA: +14079154157

India: +918983225533

E-mail: [email protected]

Powered by WPeMatico