Top 13 Oleochemicals Companies in the World

The global oleochemicals market size reached US$ 25.8 Billion in 2023. As per the analysis by IMARC Group, the top oleochemicals companies are focusing on adopting various strategies, including mergers and acquisitions, partnerships and strategic collaborations, and product innovations, to maintain their market position and gain a competitive edge. Additionally, key players in the industry are heavily investing in research and development (R&D) activities to improve the efficiency and quality of these products. thus escalating the demand in personal care, food and beverages, pharmaceuticals, industrial, and automotive industries. They also rely on mineral oil and microbial lipids for energy and petrochemical needs, which serves as a renewable source of high-value fatty acids for chemical feedstocks. Vendors are further working on converting waste palm oil into high-grade, less hazardous surfactants to enhance crude oil recovery from reservoirs. Moreover, major plantation enterprises are forming joint ventures with other companies to develop novel technologies and a well-organized supply line of raw materials. Looking forward, the market to reach US$ 44.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.9% during 2024-2032.

Learn about opportunities, challenges, and trends in the global Oleochemicals market with IMARC’s market research report. Try a free sample today!

List of Top Companies Operating in the Oleochemicals Industry Worldwide:

The global oleochemicals market has several major players including Akzo Nobel N.V., BASF SE, Cargill Incorporated, Emery Oleochemicals Group, Evonik Industries AG, Evyap Oleo, Godrej & Boyce Mfg. Co. Ltd., Kao Corporation, KLK Oleo, Myriant Technologies, Oleon NV, Procter & Gamble Company, PTT Global Chemical Public Company Limited, Corbion N.V.., and Wilmar International Ltd. More information about these companies has been provided below.

1. Akzo Nobel N.V.

Akzo Nobel N.V. is a multinational expert in making coatings, paints, and specialty chemicals. It operates in over 150 countries and has a wide range of products, such as decorative paints, performance coatings, and specialty chemicals used in industries such as aerospace, automotive, and marine. The company runs well-known brands, including Dulux, Sikkens, and International. Moreover, Azko Nobel N.V. focuses on sustainability and has made efforts to minimize its environmental impact.

2. BASF SE

BASF SE is a German multinational chemical company that operates in a wide range of industries, including chemicals, plastics, coatings, performance materials, and agriculture. The company’s product portfolio is organized into six segments, namely Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition and Care, and Agricultural Solutions. BASF has joint ventures in more than 80 countries and operates six integrated production sites across Europe, Asia, Australia, and Africa.

3. Cargill Incorporated

Cargill Incorporated is an American multinational corporation that is one of the largest privately held companies in the world. Cargill operates in a wide range of industries, including agriculture, food processing, and financial services. In the agriculture sector, Cargill is a major player in the production and trading of crops such as corn, wheat, soybeans, and cotton. It also provides a range of services to farmers, including crop insurance, financing, and risk management. In the food processing sector, Cargill produces and distributes a variety of food products, including meat, poultry, eggs, and food ingredients. The company is committed to sustainability and works to ensure that its supply chains are environmentally responsible and socially sustainable. In addition to its core businesses, Cargill also operates a financial services division that provides risk management and other financial services to customers in the agriculture and food industries.

4. Emery Oleochemicals Group

Emery Oleochemicals Group is a global specialty chemical company that produces natural-based chemicals derived from renewable resources. The company's product portfolio includes fatty acids, glycerin, esters, and surfactants, among others. It has set ambitious targets to reduce its greenhouse gas emissions and increase the use of renewable energy sources. In addition, Emery Oleochemicals Group is a member of various sustainability organizations and initiatives, such as the Roundtable on Sustainable Palm Oil (RSPO) and the Sustainable Apparel Coalition. Emery Oleochemicals Group also invests heavily in research and development to introduce new products and solutions that meet the evolving needs of its customers. It has a strong focus on innovation and collaborates with partners across various industries to develop sustainable solutions.

5. Evonik Industries AG

Evonik Industries is a German multinational chemical company that operates in a wide range of industries, including chemicals, energy, and animal nutrition. The company's product portfolio includes a wide range of chemicals and materials, such as specialty chemicals, high-performance polymers, and silica. Evonik Industries is a leading producer of methionine, an essential amino acid used in animal nutrition, and also produces a range of feed additives and functional additives for various industries. The company collaborates with partners across various industries to develop sustainable solutions that meet the evolving needs of its customers.

6. Evyap Oleo

Evyap Oleo is a Turkish company that specializes in the production of vegetable oils and fats. It has a wide range of products, including palm oil, palm kernel oil, coconut oil, sunflower oil, and soybean oil. These oils and fats are used in various industries such as food, cosmetics, pharmaceuticals, and biodiesel. Evyap Oleo also places a high priority on research and development. The company has a dedicated R&D team that works to develop new products and improve existing ones. It also collaborates with leading universities and research institutes to stay up-to-date with the latest technological advancements in the industry.

7. Godrej & Boyce Mfg. Co. Ltd.

Godrej & Boyce Mfg. Co. Ltd. is an Indian conglomerate with diversified business interests in various sectors, including consumer goods, furniture, real estate, appliances, security solutions, and industrial engineering. Godrej & Boyce has a long-standing history of innovation and has been a pioneer in many sectors. It is known for its focus on research and development, and the company invests heavily in technology and innovation to create new products and improve existing ones. The company has a dedicated research and development center called Godrej Innovation Centre, which is located in Vikhroli, Mumbai. The company has implemented various initiatives to reduce its environmental impact, such as reducing energy consumption, water usage, and waste generation. The company's consumer goods division manufactures and markets products such as appliances, personal care products, and food and beverages. Its furniture division is known for its innovative designs and eco-friendly materials. Godrej Properties, the real estate arm of the company, is one of the leading real estate developers in India and has developed many landmark projects in the country.

8. Kao Corporation

Kao Corporation is a Japanese company that specializes in the production and marketing of consumer goods, including beauty, health, and home care products. Kao has a wide range of products that are sold under various brands, including Biore, John Frieda, Jergens, and Molton Brown, among others. Its beauty care products include skincare, hair care, and makeup products, while its home care products include laundry detergents, cleaning agents, and air fresheners. The company also produces health care products such as sanitary napkins and diapers. Kao is committed to sustainability and has implemented various initiatives to reduce its environmental impact. These include reducing greenhouse gas emissions, reducing waste generation, and using renewable energy sources. The company also aims to promote sustainable practices throughout its supply chain.

9. KLK Oleo

KLK Oleo is a Malaysian company that specializes in the production of oleochemicals, which are chemicals derived from plant and animal fats. It has a wide range of products, including fatty acids, fatty alcohols, esters, glycerine, and soap noodles, which are used in various industries such as personal care, home care, food, and industrial applications. The company also produces specialty products such as surfactants, emulsifiers, and lubricants. Apart from this, the company also places a strong emphasis on research and development (R&D) and has a dedicated R&D team that works to develop new products and improve existing ones. It collaborates with leading universities and research institutes to stay up-to-date with the latest technological advancements in the industry.

10. Oleon NV

Oleon NV is a Belgian-based company that specializes in the production of oleochemicals. It focuses on the production of renewable and sustainable chemicals that are derived from natural raw materials such as vegetable oils and fats. The company's product portfolio includes a wide range of oleochemicals, including fatty acids, fatty alcohols, glycerin, and esters, which are used in a variety of applications including personal care products, detergents, food and beverages, and lubricants. In addition to its standard product portfolio, Oleon also offers customized solutions to meet specific customer requirements.

11. Procter & Gamble Company

Procter & Gamble (P&G) is one of the largest and most recognizable consumer goods companies in the world. P&G's product portfolio includes a wide range of household and personal care products, including brands such as Tide, Pampers, Gillette, Pantene, and Crest. The company's focus is on providing high-quality products that improve the lives of consumers around the world. P&G has a strong commitment to sustainability and has set several ambitious sustainability goals, including a commitment to achieve net-zero greenhouse gas emissions and 100% renewable energy use by 2030. The company has also developed several innovative sustainability initiatives, such as its Closed Loop Fund, which invests in recycling infrastructure in the United States.

12. PTT Global Chemical Public Company Limited

PTT Global Chemical Public Company Limited is a Thailand-based petrochemical and chemical company that produces a wide range of products, including olefins, aromatics, ethylene oxide, and derivatives, high-density polyethylene, and other specialty chemicals. The company operates in four business segments: Olefins, Aromatics, Refinery and Shared Facilities, and Performance Materials. The Olefins segment produces ethylene, propylene, and other basic petrochemicals. The Aromatics segment produces benzene, toluene, and xylene. The Refinery and Shared Facilities segment produces petroleum products, such as gasoline and diesel, and provides utilities services to the other segments. The Performance Materials segment produces a variety of specialty chemicals, including high-value-added plastics, such as polyethylene and polypropylene resins, and engineering plastics. PTT Global Chemical Public Company Limited operates several manufacturing plants throughout Thailand, as well as international joint ventures in countries such as Indonesia and the United States.

13. Corbion N.V.

Corbion N.V. is a company that specializes in the production of sustainable food ingredients and biochemicals. One of the company’s primary focuses is on sustainable food production. The company is committed to creating innovative, plant-based ingredients that can help meet the growing demand for sustainably sourced and produced food. Corbion N.V. offers a range of ingredients, including natural preservatives, emulsifiers, and functional blends, that can improve the quality and shelf life of food products. In addition to sustainable food production, Corbion N.V. is also committed to reducing waste and promoting circularity. The company has developed a number of biodegradable and compostable plastics that can be used in a variety of applications, from packaging to agricultural films.

About Author: