Oleochemicals Market - Trends Forecast Till 2028

Oleochemicals Market Size, Share & Trends Analysis Report By Product (Glycerol Esters, Fatty Acid Methyl Ester), By Application (Industrial, Personal Care & Cosmetics, Paints & Inks) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: November, 2021

Base Year Estimate: 2020

Report ID: D-CM-OM-503

Format:  

Number of Pages: 284

Domain: Chemicals & Materials

Oleochemicals Market – Trends Forecast Till 2028

The global oleochemicals market size was valued at USD 19.46 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.57% from 2021 to 2028.

Oleochemicals are a bunch of a range of fatty acid-containing compounds used for manufacturing paints, surfactants, detergents, soaps, lubricants, varnishes, pharmaceutical aids, and copolymers. The market is majorly driven by government regulations regarding the use of environmentally friendly products and the rising usage of oleochemicals in the cosmetic & pharmaceutical industry.

Rising consumption of renewable, sustainable, and bio-based chemicals in personal care & cosmetics, food & beverages, pharmaceuticals, and other industries are some of the factors that have supported long-term expansion for Oleochemicals Market.

The COVID-19 pandemic positively impacted the oleochemicals market, due to the increase in demand for cleaning products, sanitizers, and disinfectants, for manufacturing of which oleochemicals are used. However, due to travel restrictions, the supply chains were disrupted.

Oleochemicals Market Report

Asia Pacific accounted for the largest revenue share of over 40% in 2020 due to the increased demand for sustainable plastics in various end-user industries, which, in turn, has driven the demand for raw materials, such as fatty acids and other bio-based polymers.

Oleochemicals Market is segmented into product, application and region.

On the basis of Product

  • Specialty Esters
  • Fatty Acid Methyl Ester
  • Glycerol Esters
  • Alkoxylates
  • Fatty Amines

On the basis of Application

  • Personal Care & Cosmetics
  • Consumer Goods
  • Food & Beverages
  • Textiles
  • Paints & Inks
  • Industrial
  • Healthcare & Pharmaceuticals
  • Polymer & Plastic Additives

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Oleochemicals Market Primary respondent

 

Key Players

  • Cargill, Inc.
  • SABIC
  • Kuala Lumpur Kepong Berhad
  • BASF SE
  • Oleon N.V.
  • IOI Group Berhad
  • Wilmar International

Recent Developments

  • In December 2017, HALCOR METAL WORKS S.A entered into a merger agreement with ELVAL HELLENIC ALUMINIUM INDUSTRY S.A., in order to combine their companies into one operating entity, under the name ELVALHALCOR. The merger's purpose is to synergize and strengthen both their growth prospects in the aluminum market of Europe. This development will enhance the line set market share of Halcor in the European region.
  • In February 2019, Daikin completed the acquisition of AHT Group (Austria), a leading company in the commercial refrigeration market in Europe. The acquisition will help Daikin in adding a range of products, services, and solutions based on its air conditioning and refrigeration equipment.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Oleochemicals Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 7.57% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

material type, end use, implementation and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Cargill, Inc.; SABIC; Kuala Lumpur Kepong Berhad; BASF SE; Oleon N.V.; IOI Group Berhad; Wilmar International; Kao Corp.

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