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The global Oleochemicals Market is estimated to witness a rise in revenue from US$ 27,294.7 Mn in 2021 to US$ 39,849.2 Mn by 2027. The market is registering a CAGR of 6.5% during the forecast period 2022-2027. In terms of volume, the market is registering growth at a CAGR of 6.2% over the forecast period.
Oleochemicals are chemical compounds derived industrially from animal oil, vegetable oil, or fats. These chemicals are generally formed by separating the triglyceride structure of oils and fats into glycerol and fatty acids. Glycerol, fatty alcohols, fatty acids among others are some of the commonly used oleochemicals. Oleochemicals have major applications in industries such as food & beverages, healthcare & pharmaceuticals, cosmetics, and textiles among others.
The oleochemicals market is majorly driven by factors such as rising government regulations regarding the use of environmentally friendly products and the rising use of oleochemicals in the pharmaceutical and cosmetic industries. Further, the growing demand for sustainable and biodegradable products also pushes the market growth. With the population increasing exponentially, the demand for personal care and consumer products has also gone up, and this propels the market growth. Moreover, the ever-harsher environmental regulations and the reduction of non-renewable resources have paved the way for oleochemicals to enter the market and replace the conventional petroleum-based products currently being used. Additionally, the rising production of soaps, detergents, and other consumable goods will drive the demand for oleochemicals over the forecast period. Emulsifiers, foam boosters, surfactants, and others that are used for household and industrial cleaning are made from oleochemicals. However, the fluctuating prices of raw materials and inconsistent supply of key feedstock hinder the market growth.
The study of the global oleochemicals market considers various market determinants, industry value chain analysis, and competitor analysis of the market. The report discusses the analysis of the oleochemicals industry for the period 2017-2027, where the base year is 2021 and the forecast period is 2022-2027. The report provides a detailed analysis of the global oleochemicals market across 14 Chapters and 270 pages. The report includes data presentation across 66 tables and 78 statistical figures.
The report provides PESTLE analysis, which is a tool to examine the external market environment factors that have an impact on the industry. The PESTLE analysis examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Thus, sufficiently examining the threats and weaknesses of the industry. The research report also provides Porter’s five forces analysis wherein bargaining power of buyers and intensity of rivalry is high.
The subsequent section provides details of the market analysis based on different segments such as product, application, sales channel, and region. The report includes a detailed study of the value chain of the industry. It includes raw material suppliers, manufacturers, distributors, and end-users. The report also covers extensively the key competitors in the market for oleochemicals.
Key Takeaways from the Global Oleochemicals Market Report
The following are the different segments of the global oleochemicals market.
By Product segment of the Global Oleochemicals Market is sub-segmented into:
By Application segment of the Global Oleochemicals Market is sub-segmented into:
By Sales Channel segment of the Global Oleochemicals Market is sub-segmented into:
By Region segment of the Global Oleochemicals Market is sub-segmented into:
|Market Size Value in 2021||US$ 27,294.7 Mn|
|Expected Revenue in 2027||US$ 39,849.2 Mn|
|Unit||Value (USD Mn)|
|Segments covered||By Product, Application, Sales Channel, and Region|
|Key Companies||FGV Holdings Berhad, KLK OLEO, Pacific Oleochemicals Sdn Bhd, Permata Hijau Group, Chemrez Technologies Inc., and other prominent players.|
|Customization Scope||Get your customized report as per your preference. Ask for customization|
Oleochemical products are organic compound which are derived from naturally stirring oils and fats from animal and vegetable sources.
Global Oleochemicals Market is projected to grow at a CAGR of 6.5% during the forecast period 2022-2027.
Growing adoption of oleochemicals in pharmaceutical and cosmetic industry, increasing demand for sustainable and biodegradable products and increasing government regulation regarding the use of environmentally friendly products.
The market has been classified into North America, Europe, Asia Pacific, Middle East & Africa and South America.
Based on product type, the oleochemicals market is segmented into fatty acids, fatty acid methyl ester, fatty amine, glycerol esters, alkoxylates, fatty alcohols, glycerin, triacetin, specialty esters and others.
The direct sales channel is estimated to have the highest market share during the forecast period.
The Global Oleochemicals Market was valued at US$ 39,849.2 Million by 2027.
Fluctuating prices of raw material and inconsistent supply of key feedstock restrain the market growth.
The healthcare & pharmaceuticals is the key application segment and is projected to grow at the fastest CAGR during the forecast period.
Asia-Pacific region is projected to have the largest market share in the Global Oleochemicals Market.
Brazil is the highest shareholder in the South America Oleochemicals Market.
Key players operating in the global market include KLK Oleo, IOI Group, Wilmar International, Cargill, Oleon, Ecogreen Oleochemicals, Corbion N.V, Evonik Industries AG, Godrej Industries and Emery Oleochemicals among others.