The India oleochemicals market size reached USD 1.13 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.2 Billion by 2033, exhibiting a growth rate (CAGR) of 7.06% during 2025-2033. The increasing demand for biodegradable and sustainable chemicals, rising applications in personal care, pharmaceuticals, and food industries, government support for bio-based products, expansion of industrial sectors, and the growing preference for oleochemical-based surfactants, lubricants, and biopolymers are some of the factors propelling the growth of the market.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 1.13 Billion |
Market Forecast in 2033 | USD 2.2 Billion |
Market Growth Rate (2025-2033) | 7.06% |
Expansion of Oleochemical Production
The Indian oleochemical sector is experiencing significant capital infusion to boost manufacturing capacity, catering to increasing demand from personal care, pharmaceuticals, and food industries. Companies are scaling up operations in key industrial hubs like Gujarat, ensuring a stable domestic supply and reducing reliance on imports. This shift supports employment generation, with hundreds of new jobs expected in advanced production facilities. Sustainable and bio-based chemical solutions are gaining traction, aligning with global shifts toward environmentally friendly alternatives. Investments are also driving innovation, improving process efficiency, and expanding product portfolios. With rising consumer preference for natural ingredients, the sector is poised for continuous growth, reinforcing India's position as a key player in oleochemical manufacturing. For example, in January 2024, Godrej Industries Limited's Chemicals Division announced its plan to invest INR 600 Crore over four years to expand its oleochemical production at the Valia facility in Gujarat's Bharuch district. This initiative is expected to create approximately 250 jobs. The Valia plant manufactures oleochemical products for sectors like personal care, pharmaceuticals, and food industries.
Rising Protectionism in the Oleochemicals Industry
India is witnessing a shift toward stricter trade policies in the oleochemicals sector to safeguard domestic production. Industry bodies are advocating for higher import duties on finished products like stearic acid and refined glycerin while pushing for duty-free access to essential raw materials. This shift aims to reduce reliance on low-cost imports and strengthen local manufacturing. Authorities are evaluating policy adjustments to support self-sufficiency and enhance competitiveness. Market players are also urging a balanced approach to ensure supply chain stability without escalating production costs. As the landscape evolves, domestic manufacturers may benefit from regulatory changes, potentially driving investment in advanced processing capabilities. The emphasis remains on maintaining a competitive edge while addressing global trade dynamics in the sector. For instance, in February 2024, the Solvent Extractors Association of India (SEA) urged the government to impose import restrictions on finished oleochemical products like stearic acid, refined glycerin, soap noodles, and oleic acid, citing threats to the domestic industry from duty-free imports. It proposed placing these items on the restricted list or imposing higher import duties while advocating duty-free import of raw materials for domestic manufacturers.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on product and application.
Product Insights:
The report has provided a detailed breakup and analysis of the market based on the product. This includes specialty esters, fatty acid methyl ester, glycerol esters, alkoxylates, fatty amines, and others.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes personal care and cosmetics, consumer goods, food processing, textiles, paints and inks, industrial, healthcare and pharmaceuticals, polymer and plastic additives, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Products Covered | Specialty Esters, Fatty Acid Methyl Ester, Glycerol Esters, Alkoxylates, Fatty Amines, Others |
Applications Covered | Personal Care and Cosmetics, Consumer Goods, Food Processing, Textiles, Paints and Inks, Industrial, Healthcare and Pharmaceuticals, Polymer and Plastic Additives, Others |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: