Specialty Oleochemicals Market Growth, Recent Trends, Industry Analysis, Outlook, Insights, Share and Forecasts Report 2027

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The global Specialty Oleochemicals market size is expected to be worth around US$ 36.1 billion by 2027, according to a new report by Vision Research Reports.

The global Specialty Oleochemicals market size was valued at US$ 20.0 billion in 2019 and is anticipated to grow at a CAGR of 7.6% during forecast period 2020 to 2027.

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Growth Factors

The fluctuating petrochemical price is one of the major factors driving the shift in the trend toward sustainable chemicals.

The consumption of specialty oleochemicals is expected to rise significantly in the coming years as a consequence of increasing demand for food, pharmaceutical, and personal care products. The demand for personal care products has witnessed growth due to an increase in disposable income, product innovation, and high market penetration in the last few years.

The growing need for biodegradable products, along with the implementation of stringent regulations on the use of petrochemicals, is anticipated to affect the market positively over the forecast period. The volatility of essential oil prices and increasing concerns regarding food security in many developing nations have raised the threat of using vegetable oil for industrial purposes.

Report Highlights

Product Insights

Specialty esters are an alternative to chemicals and materials that are manufactured using petroleum for various applications. These chemicals help manufacturers and consumers adhere to the Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) guidelines, which emphasizes the use of biobased resources in environmentally sensitive applications to decrease carbon footprint.

Fatty acid methyl ester (FAME) is a derivative of fatty acid ester. It is manufactured by the transesterification of methanol and fats (vegetable oils, waste cooking oils, or animal fats) in the presence of sodium methoxide or sodium hydroxide as a catalyst. FAME is used for the production of biodiesel and detergents and is superior to conventional fossil fuel in terms of its sulfur content, carbon emission, and biodegradability.

Glycerol esters, also known as acylglycerols or glycerides, are formed by the reaction between glycerol and fatty acids. Food-grade glycerol is significantly used in the production of ice creams, chewing gums, flavored beverages, and cosmetics. Glycerol has three hydroxyl groups, which can be esterified to form triglycerides, diglycerides, and monoglycerides. These are further used for the production of glycerol monostearate (GMS), medium-chain triglycerides (MCT), oleates, glycerol di-stearate, and other glycerides.

Application Insights

In personal care and cosmetics, specialty oleochemical derivatives/formulations find application in creams, skincare, sun care, hair care, and oral care products. The growing demand for organic and anti-aging products to maintain a youthful appearance is driving the need for personal care products. This, in turn, is expected to trigger the demand for specialty oleochemicals derivatives in personal care and cosmetics application segment. Over the past decade, this industry has shown continuous growth coupled with increasing shelf space in supermarkets, hypermarkets, retail stores, and boutique stores across the world.

The consumer goods segment comprises of products such as perfumes, soaps, shampoos, cleaners, and detergents, where specialty oleochemicals are directly consumed by consumers in accordance with their needs. The shifting consumer preference toward use of less toxic and natural ingredients in household cleaners, detergents, plastics products is expected to drive the specialty oleochemicals market over the forecast period.

In the food processing segment, specialty oleochemical derivatives are used in frozen foods, confectionery, and beverage processing. Alcohol ethoxylates sulfates, sucrose esters, and glycerol esters are some of the specialty oleochemical derivatives that are majorly used in the food processing industry. Shifting consumer preference for healthier diet intake and consumer inclination toward weight loss programs is expected to steer product demand in food additives and processing applications over the long term.

The textiles segment comprises chemical agents that are used in fiber finishing, textile printing, fabric softener, and coning fall applications. Specialty oleochemical derivatives are used as microbial agents, antistatic agents, wetting agents, emulsifiers, dyeing agents, and lubricants. The ongoing technological innovation in textile processing and spinning is anticipated to urge fabric processors to incorporate multifunctional products to enhance their textile operations over the long term.

Regional Insights

In 2019, Asia Pacific dominated the market for specialty oleochemicals and is likely to witness the fastest growth over the forecast period. This can be attributed to the presence of a large number of manufacturers in Malaysia and Indonesia. The abundance of raw materials such as palm oil and palm kernel oil coupled with huge captive consumption in the region has been motivating manufacturers to increase their capacities in the region. The trend is expected to drive the market for specialty oleochemicals in the region over the forecast.

Favorable regulatory policies by Registration, Evaluation, and Authorization of Chemicals (REACH) with the aim to promote sustainable chemicals and petrochemical alternatives are expected to drive the growth of the market for specialty oleochemicals in Europe. The growing demand for biodiesel on account of rising petroleum prices in the region is expected to drive the demand for glycerin over the forecast period. In addition, increasing demand for biodiesel as an alternative to conventional petroleum diesel is expected to drive the demand for specialty oleochemicals, such as glycerin and methyl ester sulfonate, over the forecast period.

In North America, stringent government regulations regarding the usage of petroleum-based products owing to their harmful environmental effects have fostered the demand for specialty oleochemicals in the region. Rising demand from several end-use industries, including personal care cosmetics, healthcare, food processing, is expected to augment product consumption.

Key Players

Emery Oleochemicals; Vantage Specialty Chemicals, Inc.; KLK Oleo; Oleon NV; and Wilmar International Ltd.

Market Segmentation

Specialty Oleochemicals Product Outlook 

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

Specialty Oleochemicals Application Outlook

  • Personal Care & Cosmetics
  • Consumer Goods
  • Food Processing
  • Textiles
  • Paints & Inks
  • Industrial
  • Healthcare & Pharmaceuticals
  • Polymer & Plastics Additives
  • Others

Specialty Oleochemicals Regional Outlook

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Netherlands
    • Russia
    • Switzerland
    • Poland
    • Sweden
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Singapore
    • Indonesia
    • Taiwan
    • Australia
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa

Table of Contents

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Specialty Oleochemicals Market, By Product

7.1. Specialty Oleochemicals Market, by Product Type, 2020-2027

7.1.1. Specialty Esters

7.1.1.1. Market Revenue and Forecast (2016-2027)

7.1.2. Fatty Acid Methyl Esters

7.1.2.1. Market Revenue and Forecast (2016-2027)

7.1.3. Glycerol Esters

7.1.3.1. Market Revenue and Forecast (2016-2027)

7.1.4. Alkoxylates

7.1.4.1. Market Revenue and Forecast (2016-2027)

7.1.5. Fatty Amines

7.1.5.1. Market Revenue and Forecast (2016-2027)

7.1.6. Others

7.1.6.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Specialty Oleochemicals Market, By Application

8.1. Specialty Oleochemicals Market, by Application, 2020-2027

8.1.1. Personal Care & Cosmetics

8.1.1.1. Market Revenue and Forecast (2016-2027)

8.1.2. Consumer Goods

8.1.2.1. Market Revenue and Forecast (2016-2027)

8.1.3. Food Processing

8.1.3.1. Market Revenue and Forecast (2016-2027)

8.1.4. Textiles

8.1.4.1. Market Revenue and Forecast (2016-2027)

8.1.5. Paints & Inks

8.1.5.1. Market Revenue and Forecast (2016-2027)

8.1.6. Industrial

8.1.6.1. Market Revenue and Forecast (2016-2027)

8.1.7. Healthcare & Pharmaceuticals

8.1.7.1. Market Revenue and Forecast (2016-2027)

8.1.8. Polymer & Plastics Additives

8.1.8.1. Market Revenue and Forecast (2016-2027)

8.1.9. Others

8.1.9.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Specialty Oleochemicals Market, Regional Estimates and Trend Forecast

9.1. North America

9.1.1. Market Revenue and Forecast, by Product (2016-2027)

9.1.2. Market Revenue and Forecast, by Application (2016-2027)

9.1.3. U.S.

9.1.3.1. Market Revenue and Forecast, by Product (2016-2027)

9.1.3.2. Market Revenue and Forecast, by Application (2016-2027)

9.1.4. Rest of North America

9.1.4.1. Market Revenue and Forecast, by Product (2016-2027)

9.1.4.2. Market Revenue and Forecast, by Application (2016-2027)

9.2. Europe

9.2.1. Market Revenue and Forecast, by Product (2016-2027)

9.2.2. Market Revenue and Forecast, by Application (2016-2027)

9.2.3. UK

9.2.3.1. Market Revenue and Forecast, by Product (2016-2027)

9.2.3.2. Market Revenue and Forecast, by Application (2016-2027)

9.2.4. Germany

9.2.4.1. Market Revenue and Forecast, by Product (2016-2027)

9.2.4.2. Market Revenue and Forecast, by Application (2016-2027)

9.2.5. France

9.2.5.1. Market Revenue and Forecast, by Product (2016-2027)

9.2.5.2. Market Revenue and Forecast, by Application (2016-2027)

9.2.6. Rest of Europe

9.2.6.1. Market Revenue and Forecast, by Product (2016-2027)

9.2.6.2. Market Revenue and Forecast, by Application (2016-2027)

9.3. APAC

9.3.1. Market Revenue and Forecast, by Product (2016-2027)

9.3.2. Market Revenue and Forecast, by Application (2016-2027)

9.3.3. India

9.3.3.1. Market Revenue and Forecast, by Product (2016-2027)

9.3.3.2. Market Revenue and Forecast, by Application (2016-2027)

9.3.4. China

9.3.4.1. Market Revenue and Forecast, by Product (2016-2027)

9.3.4.2. Market Revenue and Forecast, by Application (2016-2027)

9.3.5. Japan

9.3.5.1. Market Revenue and Forecast, by Product (2016-2027)

9.3.5.2. Market Revenue and Forecast, by Application (2016-2027)

9.3.6. Rest of APAC

9.3.6.1. Market Revenue and Forecast, by Product (2016-2027)

9.3.6.2. Market Revenue and Forecast, by Application (2016-2027)

9.4. MEA

9.4.1. Market Revenue and Forecast, by Product (2016-2027)

9.4.2. Market Revenue and Forecast, by Application (2016-2027)

9.4.3. GCC

9.4.3.1. Market Revenue and Forecast, by Product (2016-2027)

9.4.3.2. Market Revenue and Forecast, by Application (2016-2027)

9.4.4. North Africa

9.4.4.1. Market Revenue and Forecast, by Product (2016-2027)

9.4.4.2. Market Revenue and Forecast, by Application (2016-2027)

9.4.5. South Africa

9.4.5.1. Market Revenue and Forecast, by Product (2016-2027)

9.4.5.2. Market Revenue and Forecast, by Application (2016-2027)

9.4.6. Rest of MEA

9.4.6.1. Market Revenue and Forecast, by Product (2016-2027)

9.4.6.2. Market Revenue and Forecast, by Application (2016-2027)

9.5. Latin America

9.5.1. Market Revenue and Forecast, by Product (2016-2027)

9.5.2. Market Revenue and Forecast, by Application (2016-2027)

9.5.3. Brazil

9.5.3.1. Market Revenue and Forecast, by Product (2016-2027)

9.5.3.2. Market Revenue and Forecast, by Application (2016-2027)

9.5.4. Rest of LATAM

9.5.4.1. Market Revenue and Forecast, by Product (2016-2027)

9.5.4.2. Market Revenue and Forecast, by Application (2016-2027)

Chapter 10. Company Profiles

10.1. Emery Oleochemicals

10.1.1. Company Overview

10.1.2. Product Offerings

10.1.3. Financial Performance

10.1.4. Recent Initiatives

10.2. Vantage Specialty Chemicals, Inc.

10.2.1. Company Overview

10.2.2. Product Offerings

10.2.3. Financial Performance

10.2.4. Recent Initiatives

10.3. KLK Oleo

10.3.1. Company Overview

10.3.2. Product Offerings

10.3.3. Financial Performance

10.3.4. Recent Initiatives

10.4. Oleon NV

10.4.1. Company Overview

10.4.2. Product Offerings

10.4.3. Financial Performance

10.4.4. Recent Initiatives

10.5. Wilmar International Ltd.

10.5.1. Company Overview

10.5.2. Product Offerings

10.5.3. Financial Performance

10.5.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research

11.2. Secondary Research

11.3. Assumptions

Chapter 12. Appendix

12.1. About Us

12.2. Glossary of Terms

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