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Oleochemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Report Format: PDF+Excel | Report ID: SR112023A1846
Market Overview:
The global oleochemicals market reached a value of US$ 22.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 33.9 Billion by 2027, exhibiting at a CAGR of 7.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Oleochemicals are organic compounds made from the hydrolysis of plant oils and animal fats. They comprise fatty alcohols (FALs), fatty acid methyl esters (FAMEs), fatty acid ethyl esters (FAEEs), free fatty acids (FFAs), fatty amines, and glycerin. They are commonly utilized in the manufacturing of toothpaste, household cleaners, printer inks, lubricants, pesticides, paints, and condiments. They are also used as a substitute for petroleum-based products, which are known as petrochemicals.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Oleochemicals Market Trends:
Oleochemicals are widely utilized in personal care and cosmetic products, such as soap, perfume, nail polish, lotions, cream, and oils. In addition, their increasing adoption as coatings and adhesives in the construction industry is contributing to the market growth. It can also be attributed to rising construction activities in the residential, commercial, and industrial spaces. Moreover, the escalating demand for premium apparel that requires high-quality products to maintain the fabric quality is catalyzing the demand for oleochemicals in the manufacturing of surfactants and detergents. Apart from this, the growing environmental awareness among the masses and several initiatives undertaken by governments of numerous countries are increasing the utilization of biodiesel. This, in turn, is creating a positive outlook for the market. Besides this, oleochemicals are widely used as preservatives, thickening agents, and emollients in the pharmaceutical and nutraceutical industry. Furthermore, oleochemicals are gaining adoption in packaging processed and ready-to-eat (RTE) food products. This, coupled with significant growth in the food and beverage (F&B) industry, is offering lucrative growth opportunities to industry investors.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global oleochemicals market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on type, form, application and feedstock.
Breakup by Type:
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- Fatty Acids
- Fatty Alcohols
- Glycerine
- Others
Fatty acids dominate the market as they are sustainable and cost-effective routes for the renewable production of chemicals and fuels.
Breakup by Form:
- Liquid
- Solid
- Flakes
- Pellets
- Beads
- Others
The liquid form exhibits a clear dominance as it is utilized in the production of liquid soaps and detergents.
Breakup by Application:
- Soaps and Detergents
- Plastics
- Paper
- Lubricants
- Rubber
- Coatings and Resins
- Personal Care Products
- Others
Soaps and detergents hold the majority of the total market share due to the rising consumer preference for natural and premium personal care and household cleaning products.
Breakup by Feedstock:
- Palm
- Soy
- Rapeseed
- Sunflower
- Tallow
- Palm Kernel
- Coconut
- Others
Palm feedstock currently dominates the market.
Breakup by Region
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- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Peru
- Others
- Middle East and Africa
- Turkey
- Saudi Arabia
- Iran
- United Arab Emirates
- Others
The Asia Pacific holds the majority of the global oleochemicals market share due to increasing construction activities in the region.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Akzo Nobel N.V., BASF SE, Cargill, Incorporated, Emery Oleochemicals Group, Evonik Industries AG, Evyap, Godrej & Boyce Manufacturing Company Limited, Kao Corporation, KLK OLEO, Myriant Corporation, Oleon NV, Proctor and Gamble Company, PTT Global Chemical Public Company Limited, TerraViva Holding, Inc., and Wilmar International Limited.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Type, Form, Application, Feedstock, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Argentina, Colombia, Chile, Peru, Turkey, Saudi Arabia, Iran, United Arab Emirates |
| Companies Covered | Akzo Nobel N.V., BASF SE, Cargill Inc., Emery Oleochemicals Group, Evonik Industries, Evyap Oleo, Godrej & Boyce, Kao Corporation, KLK Oleo, Myriant, Oleon NV, Procter & Gamble Company, PTT Global Chemical Public Company, TerraVia Holding Inc. and Wilmar International Ltd. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| 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:
- How has the global oleochemicals market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global oleochemicals industry?
- What has been the impact of COVID-19 on the global oleochemicals market?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the form?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the feedstock?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the global oleochemicals industry?
- What is the structure of the industry and who are the key players?
- What is the degree of competition in the market?
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