Oleochemicals Market by Latest Trends, Leading Key Players, Future Growth, Revenue, Demand Forecast To 2027

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The global Oleochemicals market size is expected to be worth around US$ 31.3 billion by 2027, according to a new report by Vision Research Reports.

The global Oleochemicals market size was valued at US$ 20.0 billion in 2019 and is anticipated to grow at a CAGR of 5.7% during forecast period 2020 to 2027.

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Growth Factors

The growth in the market can be attributed to increasing prices of and a shift in the trend toward sustainable chemicals. In terms of production and product penetration, increasing demand for biopolymers is also projected to positively influence market growth.

Rising crude oil prices have resulted in a significant shift toward the utilization of vegetable oils, such as palm and palm kernel oil, as a primary feedstock for oleochemical production. In 2016, around 8% of the total volume and 70% of the total palm kernel oil volume were consumed for the production of oleochemicals. Easy availability of raw materials and minor toxicity levels and green image of the products are some of the key factors driving the market growth.

Report Highlights

Glycerol is estimated to be the fastest-growing product segment due to increasing demand for technical-grade refined glycerin in the manufacturing of metalworking fluids, adhesives & sealants, polyols, agrochemicals, oilfield chemicals, and solvents

In 2019, Linoleic (C18:2) acid emerged as the largest fatty acid product segment, both in terms of volume and revenue owing to the high product demand in the production of dietary supplements, paints & varnishes, food flavoring agents, and surfactants

Soaps & detergents is projected to be the leading application segment, both in terms of volume and revenue

The growth in this segment can be attributed to increasing product demand from industrial & institutional cleaning and textile sectors

Key Players

  • Cargill, Incorporated
  • SABIC
  • Vantage Specialty Chemicals, Inc.
  • Kuala Lumpur Kepong Berhad
  • Emery Oleochemicals
  • Kao Chemicals
  • Evonik Industries
  • Nouryon
  • IOI Corporation Berhad
  • Wilmar International Ltd.
  • Godrej Industries
  • Oleon NV
  • Chemrez Technologies, Inc.
  • Corbion NV.

Market Segmentation

Oleochemicals Product Outlook

  • Fatty Acids
    • Fatty Acids, By Product
      • C6
      • C8
      • C8-10
      • C10
      • C12
      • C12-14
      • C14
      • C16
      • C18:0
      • C18:1
      • C18:2
      • C18:3
      • Other
    • Fatty Acids, By Application
      • Soaps & Detergents
      • Intermediates
      • Plastics
      • Rubber
      • Paper
      • Lubricants & Greases
      • Personal Care
      • Other
  • Fatty Alcohols
    • Fatty Alcohols, By Product
      • C6-C10
      • C11-C14
      • C15-C22
      • Other
    • Fatty Alcohols, By Application
      • Soaps & Detergents
      • Personal Care
      • Lubricants
      • Amines
      • Other
  • Glycerol
    • Glycerol, By Product
      • Crude
      • Refined
    • Glycerol, By Application
      • Personal Care & Pharmaceuticals
      • Alkyd Resins
      • Polyether Polyols
      • Foods & Beverages
      • Tobacco Humectants
      • Others

Oleochemicals Regional Outlook

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • The Netherlands
    • Belgium
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • Indonesia
    • Philippines
  • Middle East & Africa
  • Central and South America
    • Brazil
    • Argentina
    • Colombia
    • Ecuador
    • Chile

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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