The U.S.specialty oleochemicals market is expected
to reach 3.08 billion by 2025, according to a new report by Grand View
Research, Inc. The shift towards relying on natural chemicals coupled with an
increase in the growth of end-use industries such as personal care and
pharmaceuticals in the U.S. will increase the oleochemical market growth over
the next few years.
Growing demand for biopolymers is expected
to have a positive impact on specialty oleochemical market penetration and
production. Mounting concerns regarding polymer/plastic biodegradability have
prompted manufacturers in the market to shift their focus towards development
of bio-based alternatives. Oleochemicals derived from plant-derived feedstock
such as linseed, castor and soybean oils are used to develop polyamides, which
are commonly used in textile and automotive applications.
Specialty esters held the largest share in
2015 and is estimated to reach USD 1.01 billion by 2025. The specialty esters
include product categories such as sorbitan esters, glycol esters, lactate
esters, isopropyl palmitate, etc. Owing to its feasible chemical characteristics,
glycol esters have witnessed increased demand as emulsifier in soap, shampoos,
and other personal care consumables.
Glycerol esters, on the other hand, have
been gaining momentum on account of their GRAS (generally recognized as safe)
recognition awarded by the U.S. FDA. Glycerol derivatives have been finding
numerous applications across the food & beverages and pharmaceutical
industry. Increasing biodiesel industry has also influenced its market demand
wherein it is available at lower price. Crude glycerol can be used as animal
feed over corn, as it is cheaply available.
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http://www.grandviewresearch.com/industry-analysis/us-specialty-oleochemicals-market
http://www.grandviewresearch.com/industry-analysis/us-specialty-oleochemicals-market
Further key findings from the report suggest:
· The U.S. speciality oleochemical
derivatives demand was 1,097 kilo tons in 2015 and is anticipated to grow at a
CAGR of 4.5% over the forecast period
· The alkoxylates product market accounted
for over 14% of the total revenue in 2015
· Fatty amines market volume was estimated to
be over 135 kilo tons and is estimated to grow at a CAGR of 4.2% from 2016 to
2025
· The specialty oleochemical market in
personal care & cosmetics application is estimated to witness the highest
growth at a CAGR of over 5% from 2016 to 2025
· Major oleochemical derivatives used in food
processing include glycerol esters, alcohol ethoxylates, sucrose esters, and
sulfates and is anticipated to reach over 14% of total volume by 2025
· Industrial segment estimated as the leading
application segment and accounted for 21.2% of the total volume in 2015
· Healthcare and pharmaceutical application
is anticipated to reach USD 229 million by 2025
· The key players in the U.S. specialty
oleochemicals derivatives market include Vantage Specialty Chemicals, Emery
Oleochemicals, Evonik, Wilmar, Inolex and Kao Chemicals
Grand View Research has segmented the U.S.
specialty oleochemicals market on the basis of product and application:
U.S. Specialty Oleochemicals Product
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Specialty esters
·
Fatty acid methyl ester
·
Glycerol esters
·
Alkoxylates
·
Fatty amines
·
Others
U.S. Specialty Oleochemicals Application
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Personal care & cosmetics
·
Consumer goods
·
Food processing
·
Textiles
·
Paints & inks
·
Industrial
·
Healthcare & pharmaceuticals
·
Polymer & Plastic Additives
·
Others
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
