The global oleochemicals market is projected to reach USD 28.6 billion by 2025, according
to a new report by Grand View Research, Inc. The global market is anticipated
to be driven by growing biochemical product demand in various consumer
applications such as personal care, detergents, and food & beverages.
Escalating supply-demand gap along with
overcapacity issues especially in the Southeast Asian countries such as
Indonesia and Malaysia are expected to hinder oleochemicals market growth over
the forecast period. Technological innovations and significant developments in
the downstream sectors are expected to create lucrative opportunities for
industry participants.
Fatty acids were the leading oleochemical
product consumed and accounted for over 55% of total market volume in 2016.
Increasing penetration of fatty acids in personal care products is expected to
drive this segment over the forecast period. Glycerol is expected to witness
the highest growth of 5.7% over the forecast period owing to its increasing
preference in personal care and food & beverage applications.
Asia Pacific was the leading consumer of
oleochemicals with demand share exceeding 41% in 2018. The region is also
expected to witness the fastest growth over the next eight years owing to
abundant raw material supply and significant developments in the application
markets such as personal care, food & beverage, and bio-chemical
manufacture.
Access Research Report of Oleochemicals Market @
https://www.grandviewresearch.com/industry-analysis/oleochemicals-industry
Further key findings from the report suggest:
· The global oleochemicals market is
anticipated to grow at a CAGR of 5.8% from 2019 to 2025
· Asia Pacific emerged as the largest
regional segment covering around 41% revenue share in 2018
· The soaps & detergents application
segment of fatty acid in Mexico and is anticipated to reach 31% of volume share
by 2025
· The food & beverages segment of
glycerol in Spain is anticipated to grow at a CAGR of 5.5%
· Middle East and Africa produced
approximately 305.8 kilo tons of fatty acids and happens to be the largest
product segment in the regional market
· Personal care & pharmaceuticals
dominated the global glycerol demand and is projected to grow at a CAGR of 5.9%
from 2019 to 2025
· Major companies currently operating in the
industry include TerraVia, KLK Oleo, Evyap, Kao Chemicals, Godrej Industries,
IOI Corporation and Wilmar, etc.
Grand View Research has segmented the
oleochemicals market on the basis of product, and region:
Product Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
Fatty Acid
o
Fatty acids by Product
o
C6
o
C8
o
C8-10
o
C10
o
C12
o
C12-14
o
C14
o
C16
o
C18:0
o
C18:1
o
C18:2
o
C18:3
o
Others
o
Fatty acids by Application
o
Soap & Detergents
o
Intermediates
o
Plastics
o
Rubber
o
Paper
o
Lubricant & Greases
o
Personal Care
·
Fatty Alcohol
o
Fatty alcohol by Product
o
C6-C10
o
C12-C14
o
C16-C22
o
Others
o
Fatty alcohol by Application
o
Personal care
o
Soaps and detergents
o
Amines
o
Lubricants
o
Others
·
Glycerol
o
Glycerol by Product
o
Crude glycerol
o
Refined glycerol
o
Glycerol by Application
o
Personal care & pharmaceuticals
o
Alkyd Resins
o
Polyether polyols
o
Food & beverages
o
Tobacco humectants
·
Others
Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
North America
o
US
o
Canada
o
Mexico
·
Europe
o
Germany
o
France
o
UK
o
Italy
o
Spain
o
The Netherlands
o
Belgium
·
Asia Pacific
o
China
o
India
o
Japan
o
Malaysia
o
Indonesia
o
Philippines
·
Central & South America (CSA)
o
Brazil
·
Middle East & Africa
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.
