Oleochemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2029

  • Single User License $3500

Oleochemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2029

Status : January, 2023 | Chemical & Materials

Report Digest

Oleochemicals are obtained from various plant and animal fats. Various sources of oleochemicals includes natural raw materials such as, castor oil, soybean oil, vegetable, petrochemical feedstock and also from animal oils & fats. Oleochemicals are witnessed to gain popularity as they can act a substitute for the petroleum-derived products. The growing environment concerns can be a prominent factor for the adoption of biodegradable chemicals, which intends to fuel the growth of oleochemicals market. 

Intermediate chemical are also obtained from oleochemicals, which include alcohol ethoxylates, alcohol ether sulfates, alcohol sulfates, monoacylglycerols and glycerols. Fatty acids are the key application of oleochemicals that have a significant demand from pharmaceutical, soap and laundry detergent, food and beverage industries, waxes, candles, lubricant, and paints & coatings. Surfactants, wetting agents, dispersing agents, emulsifying agents, solvents, and adjuvants are some of the vital inert ingredients produced by using oleochemicals. Surfactant is a prominent end use application of oleochemicals which is utilized in the manufacturing of detergents and household cleaning products.

Global Oleochemicals Market: Market Dynamics

Easy availability of feedstock and expansions of end-use industries drives the global market of oleochemicals over the forecast period. Increasing commercialization of bio-based products or oleochemicals-based products, will anticipate the product demand over forecast period. Oleochemicals are cost effective and extensively available substitute for industrial chemicals and fuels. These economic and ecological advantages are responsible for boosting the demand of oleochemicals around the globe. Depletion of world fossil fuels and resources is the major concern, which is leading to implementation of more stringent rule and regulations, and growing demand for cleaner technology and green fuels. This can be a prominent driver for the growth of global oleochemicals market over the forecast period. Research & develop sector are working on oleochemicals for development of new products and its substituent, which find its application in personal care & cosmetic, food industries, which intend to create a growth opportunity for oleochemicals market over forecast period. Demand for biodiesel is increasing which intend to raise the cost of biofuel prices, owing to the government rules and regulations. This factor can hinder the market growth of oleochemicals. Technological advancement required in manufacturing of oleochemicals arise as a barrier in growth of global market of oleochemicals.

COVID-19 Impact on Oleochemicals

The global coronavirus outbreak has caused severe disruption in the several regions across the world. The number of Covid-19 cases have rose exponentially and there are no significant measures to counter the global pandemic. Governments of various countries have adopted various measures such as social distancing, complete lockdown etc. The lockdown initiatives has hampered the flow of goods and people, slowed down economies, and is in the process of delivering a global recession. Countries such as Italy, USA, Spain, China, and Iran amongst others have been greatly affected by the global pandemic. There are more than a million cases of Covid-19 across the globe and more than fifty thousand deaths. HORECA (Hotels restaurants and cafes) are negatively impacted by this crisis, Processed and packaged food has been slightly impacted, and some of the ready to eat food products markets such as Maggie and oats has been impacted positively as people are buying this product in bulk quantity all this impact on food industry will directly hamper the global oleochemicals market owing to its application in food & beverage industry. Owing to the application of oleochemicals in soap and detergents the market of oleochemicals will have slight growth with the large consumption of soaps in this COVID-19 condition.

Global Oleochemicals Market: Segmentation

The global market of oleochemicals can be segmented on the basis of type, physical forms and application:

On the basis of type the global market of oleochemicals can be segmented as:

  • Fatty Acids
  • Fatty Alcohol
  • Glycerin
  • Others

On the basis of physical forms the global market of oleochemicals can be segmented as:

  • Powders
  • Needles
  • Liquids
  • Flakes
  • Dispersions

On the basis of application the global market of oleochemicals can be segmented as:

  • Pharmaceuticals
  • Food & Beverages
  • Soaps & Detergents
  • Polymers
  • Personal Care
  • Others

Global Oleochemicals Market: Regional Outlook

It is witnessed to have large number of manufacturers in Southeast Asian countries such as Indonesia and Malaysia along with high demand for local markets has been a key factor for driving the regional oleochemicals market. Government provides tax benefits for the emerging markets of India and China for the promotion of manufacturing of biodegradable chemicals is projected to drive the growth in this sector. Asia Pacific region, is witnessed to have prominent share of oleochemicals market for both production and consumption. Rising concern for bio-based cosmetic and personal care product in Europe region, is anticipated to fuel the growth of oleochemicals market in this region. In Europe and US oleochemicals are used in the form of fatty acids and fatty alcohols, which have its application in soap, and detergents, this factor can propel the market growth of oleochemicals in this region.

Global Oleochemicals Market: Market Participants

Example of some major key participants in the value chain of global oleochemicals market include are:

  • Emery Oleochemicals
  • Wilmar International
  • Oleon NV, KLK Oleo
  • Du Pont
  • Procter & Gamble Co
  • IOI Group
  • Musim Mas Group
  • Croda International
  • Chemical Associates Inc
  • Twin River Technologies,
  • Godrej Industries
  • BASF
  • Solvay
  • Cargill Inc
  • Evyap Oleo

The Oleochemicals market research report presents a comprehensive assessment of the Oleochemicals market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Oleochemicals market research report provides analysis and information according to Oleochemicals market segments such as geographies, application and industry.

The report covers exhaustive analysis on,

  • Oleochemicals  Market Segments
  • Oleochemicals   Market Dynamics
  • Oleochemicals   Market Size
  • Oleochemicals  Supply & Demand Scenario
  • Current Trends/Issues/Challenges in Oleochemicals  market
  • Competition & Companies involved in Oleochemicals  market
  • Technology used in Oleochemicals  Market
  • Value Chain of Oleochemicals  Market

The Oleochemicals Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Oleochemicals market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Oleochemicals market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing Oleochemicals  market dynamics in the industry
  • In-depth Oleochemicals  market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape in Oleochemicals  market
  • Strategies of key players and products offered in Oleochemicals  market
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on Oleochemicals  market performance
  • Must-have information for market players to sustain and enhance their market footprint

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?