Global Oleochemicals Market, By Type (Fatty Acid, Fatty Alcohol, Glycerine/Glycerol and Others), Material Type (Tropical Oils, Soft Oils, Animal Fats and Others), Process (Hydrogenation, Hydrolysis Process, Transesterification, and Others), Application (Pharmaceutical & Personal Care, Food & Beverages, Soaps & Detergents, Polymers, and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Oleochemicals Market
The oleochemicals market is expected to witness market growth at a rate of 5.88% in the forecast period of 2021 to 2028. Data Bridge Market Research report on oleochemicals market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of oleochemicals market.
Oleochemicals refer to the type of chemicals that are derived from oils and natural fats of animals and plants. These chemicals are generally formed by separating triglyceride structure of oils and fat into glycerol and fatty acids. Glycerol, fatty alcohols, fatty acids among others are some of the commonly used oleochemicals. These chemicals are widely utilized in applications such as biofuels, mining, waxes, and electronics among others.
The rise in the consciousness regarding environment across the globe acts as one of the major factors driving the growth of oleochemicals market. The increase in consumption of sustainable, bio-based and renewable chemicals in various industries such as food & beverages, personal care & cosmetics and pharmaceuticals, among others, and high costs of petrochemical products accelerate the market growth. The consumption of oleochemicals in the form of fatty acids, used for the production of soaps and surfactants, detergents, varnishes, lubricants, and pharmaceuticals, and initiatives aimed at replacing chemically-derived products with bio-based chemicals to minimize the reformulation and re-equipping time and cost further influence the market. Additionally, rapid industrialization, expansion of various end use industries and easy availability of feed stock positively affect the oleochemicals market. Furthermore, preference of bio-based raw materials for polymer manufacturing extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, fluctuations in prices of raw materials and easy availability of raw materials in developing regions are expected to obstruct the market growth. High competition from the petroleum based chemicals is projected to challenge the oleochemicals market in the forecast period of 2021-2028.
This oleochemicals market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on oleochemicals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Oleochemicals Market Scope and Market Size
The oleochemicals market is segmented on the basis of type, material type, process and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the oleochemicals market is segmented into fatty acid, fatty alcohol, glycerine/glycerol and others.
- On the basis of material type, the oleochemicals market is segmented into tropical oils, soft oils, animal fats and others.
- On the basis of process, the oleochemicals market is segmented into hydrogenation, hydrolysis process, transesterification, and others.
- On the basis of application, the oleochemicals market is segmented into pharmaceutical & personal care, food & beverages, soaps & detergents, polymers, and others.
Oleochemicals Market Country Level Analysis
The oleochemicals market is segmented on the basis of type, material type, process and application.
The countries covered in the global oleochemicals market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the oleochemicals market due to the increased demand for sustainable plastics in various end-user industries within the region. Asia-Pacific is expected to be the fastest growing market during the forecast period of 2021 to 2028 because of the easy availability of raw materials, and high demand coming from consumer in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Oleochemicals Market Share Analysis
The oleochemicals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to oleochemicals market.
The major players covered in the oleochemicals market report are Eastman Chemical Company, Procter & Gamble, AZ Chem Holdings LP , Godrej Group, Emery Oleochemicals, PTT Global Chemical Public Company Limited, Ecogreen Oleochemicals , Berg + Schmidt GmbH & Co. KG, Croda International Plc , Wilmar International Ltd, KRATON CORPORATION, BASF SE, and Cargill, Incorporated, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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