About Oleochemicals
Oleochemicals are obtained naturally from plant based fat and oil. Fatty acids, fatty methyl esters, glycerol and fatty alcohols are some of the most common oleochemicals which are readily available. Considering the rise in end-users industries such as pharmaceuticals, food and beverage, cosmetics and others are expected to drive the very market during forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Oleochemicals is a fragmented market due to the presence of less players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Oleochemicals market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Wilmar International (Singapore), BASF (Germany), Eastman Chemical (United States), P&G Chemicals (United States), Cargill Incorporated (United States), Evonik Industries (Germany), Godrej Industries (India), PTT Global Chemical (Thailand), Kraton Corporation (United States), Emery Oleochemicals (Malaysia) and Alnor Oil (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Berg + Schmidt (Germany), IsoSciences (United States), Vegetable Vitamin Foods Company (India) and MYRIANT (United States).
Segmentation Overview
AMA Research has segmented the market of Global Oleochemicals market by Type (Fatty acid, Fatty alcohol, Glycerin and Others), Application (Pharmaceutical & Personal care, Food & Beverages, Soaps & Detergents, Polymers and Others) and Region.
On the basis of geography, the market of Oleochemicals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023.
Influencing Trend:
Growing Demand of Oleochemicals in Grooming and Cosmetics Industries
Market Growth Drivers:
Recyclable Nature of Oleochemicals and Rising Government Support and Promotion for Biodegradable Products
Challenges:
Inconsistency in Supply of Key Feedstocks and Improper Management of Supply-Demand Chain of Oleochemicals
Restraints:
Volatility in Raw Material Prices and Stringent Regulatory Guidelines Requirement for Compliance Adherence
Opportunities:
Growth in Pharmaceutical, Cosmetics and Food Industries
Market Leaders and their expansionary development strategies
In May 2023, Emery Oleochemicals, a global manufacturer of natural-based specialty chemicals, announced the introduction of INFIGREEN 420R. This recycled-content polyester polyol is engineered from post-industrial waste.
In August 2021, Emery Oleochemicals, a leading global specialty chemicals manufacturer, announced the updated new website for its Bio-Lubricants business unit. As part of the company’s ongoing efforts to optimize our online presence and to offer an improved experience to website visitors, a newly expanded Bio-Lubricants section has been launched within our corporate website.
Key Target Audience
Oleochemicals Manufacturers, Raw Materials Suppliers/Distributors, Potential Investors, End-users Industries, Government Agencies, Market and Research Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.