Oleochemicals Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Oleochemicals Market
The global oleochemicals market size was valued at USD 37.88 billion in 2023 and is projected to grow from USD 40.37 billion in 2024 to USD 65.38 billion by 2032, exhibiting a CAGR of 6.3% during the forecast period of 2023-2032.
The Oleochemicals World has passed through the repercussions of the pandemic, witnessing troubling situations similar to supply pipeline disappearances and swings in names for additional uncooked substances expenses. Lockdown measures and guidelines on movement have hampered production sports and slowed down the global economic device, affecting the oleochemicals market growth.
The Oleochemicals market is witnessing a boom driven by several key factors. Increasing demand from quit-consumer industries, including non-public care, prescribed drugs, and food & drinks, is fueled by using eco-friendly nature, biodegradability, and versatility of oleochemicals.
The booming private care and cosmetics enterprise is developing a sizable wave for oleochemicals. These natural, plant-derived materials are widely used in soaps, shampoos, lotions, and exclusive products because they are moderate at the pores and pores and skin, expanding the global oleochemicals market share. As the demand for non-public care merchandise continues rising, so does the want for oleochemicals, making this a sturdy driving pressure for the overall oleochemicals marketplace.
Comprehensive Analysis of Oleochemicals Market
The Oleochemicals market is segmented based totally on type and alertness. It encompasses fatty acids, fatty alcohols, methyl esters, and glycerin in type phrases. Fatty acids keep a significant share in the market because of their versatility and fantastic usage at some point in diverse industries, especially in personal care. Glycerin is gaining traction in meals and commercial enterprise packages. Regarding application, the marketplace consists of food & beverages, chemical materials, animal feed, and others. Food & drinks dominate the market as bio-based totally components witness increasing adoption; at the same time, the chemical substances quarter is experiencing speedy growth pushed with the aid of using the call for environmentally friendly alternatives.
The Asia Pacific region led the medical devices market by benefitting a size of USD 18.51 billion in 2023 due to Improved attention among humans regarding the damaging effects of fossil gasoline and petrochemical aid extraction; the market growth is propelled.
The leading players in the nylon market significantly influence its growth trajectory and set industry standards. Key players such as Cargill Inc. (U.S.), Kuala Lumpur Kepong Berhad (Malaysia), BASF SE (Germany), Oleon N.V. (Belgium), IOI Group Berhad (Malaysia), Wilmar International (Singapore), Kao Chemicals (Japan), Twin Rivers Technologies (U.S.), Croda Industrial Chemicals (U.K.), Evonik Industries (Germany), Emery Oleochemicals (Malaysia), and Godrej Industries (India), driving innovation and market advancement.
In September 2020, Emery Oleochemicals, the best gear of all time in the fatty acid ester product area, which is licensed as Emery E, showed enviable light stability, high biodegradability, and very little fragrance.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.3% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Type
Fatty Acids
Fatty Alcohols
Methyl Esters
Glycerin
By Application
Food & Beverages
Chemicals
Animal Feed
Others
By Geography
North America (By Type, By Application, By Country)
U.S. (By Application)
Canada (By Application)
Europe (By Type, By Application, By Country)
Germany (By Application)
U.K. (By Application)
France (By Application)
Rest of Europe (By Application)
Asia Pacific (By Type, By Application, By Country)
China (By Application)
India (By Application)
Japan (By Application)
Indonesia (By Application)
Other ASEAN (By Application)
Rest of Asia Pacific (By Application)
Latin America (By Type, By Application, By Country)
Brazil (By Application)
Mexico (By Application)
Rest of Latin America (By Application)
Middle East & Africa (By Type, By Application, By Country)
GCC (By Application)
South Africa (By Application)
Rest of Middle East (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries/Region
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 4.6. Impact of COVID-19 on Global Oleochemicals Market
- 5. Global Oleochemicals Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. By Type (Value)
- 5.2.1. Fatty Acids
- 5.2.2. Fatty Alcohols
- 5.2.3. Methyl Ester
- 5.2.4. Glycerin
- 5.3. By Application (Value)
- 5.3.1. Food & Beverages
- 5.3.2. Chemicals
- 5.3.3. Animal Feed
- 5.3.4. Others
- 5.4. By Region (Value)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
- 6. North America Oleochemicals Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. By Type (Value)
- 6.2.1. Fatty Acids
- 6.2.2. Fatty Alcohols
- 6.2.3. Methyl Ester
- 6.2.4. Glycerin
- 6.3. By Application (Value)
- 6.3.1. Food & Beverages
- 6.3.2. Chemicals
- 6.3.3. Animal Feed
- 6.3.4. Others
- 6.4. By Country (Value)
- 6.4.1. U.S.
- 6.4.1.1. By Application (Value)
- 6.4.1.1.1. Food & Beverages
- 6.4.1.1.2. Chemicals
- 6.4.1.1.3. Animal Feed
- 6.4.1.1.4. Others
- 6.4.2. Canada
- 6.4.2.1. By Application (Value)
- 6.4.2.1.1. Food & Beverages
- 6.4.2.1.2. Chemicals
- 6.4.2.1.3. Animal Feed
- 6.4.2.1.4. Others
- 7. Europe Oleochemicals Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. By Type (Value)
- 7.2.1. Fatty Acids
- 7.2.2. Fatty Alcohols
- 7.2.3. Methyl Ester
- 7.2.4. Glycerin
- 7.3. By Application (Value)
- 7.3.1. Food & Beverages
- 7.3.2. Chemicals
- 7.3.3. Animal Feed
- 7.3.4. Others
- 7.4. By Country (Value)
- 7.4.1. Germany
- 7.4.1.1. By Application (Value)
- 7.4.1.1.1. Food & Beverages
- 7.4.1.1.2. Chemicals
- 7.4.1.1.3. Animal Feed
- 7.4.1.1.4. Others
- 7.4.2. U.K.
- 7.4.2.1. By Application (Value)
- 7.4.2.1.1. Food & Beverages
- 7.4.2.1.2. Chemicals
- 7.4.2.1.3. Animal Feed
- 7.4.2.1.4. Others
- 7.4.3. France
- 7.4.3.1. By Application (Value)
- 7.4.3.1.1. Food & Beverages
- 7.4.3.1.2. Chemicals
- 7.4.3.1.3. Animal Feed
- 7.4.3.1.4. Others
- 7.4.4. Italy
- 7.4.4.1. By Application (Value)
- 7.4.4.1.1. Food & Beverages
- 7.4.4.1.2. Chemicals
- 7.4.4.1.3. Animal Feed
- 7.4.4.1.4. Others
- 7.4.5. Rest of Europe
- 7.4.5.1. By Application (Value)
- 7.4.5.1.1. Food & Beverages
- 7.4.5.1.2. Chemicals
- 7.4.5.1.3. Animal Feed
- 7.4.5.1.4. Others
- 8. Asia-Pacific Oleochemicals Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. By Type (Value)
- 8.2.1. Fatty Acids
- 8.2.2. Fatty Alcohols
- 8.2.3. Methyl Ester
- 8.2.4. Glycerin
- 8.3. By Application (Value)
- 8.3.1. Food & Beverages
- 8.3.2. Chemicals
- 8.3.3. Animal Feed
- 8.3.4. Others
- 8.4. By Country (Value)
- 8.4.1. China
- 8.4.1.1. By Application (Value)
- 8.4.1.1.1. Food & Beverages
- 8.4.1.1.2. Chemicals
- 8.4.1.1.3. Animal Feed
- 8.4.1.1.4. Others
- 8.4.2. Japan
- 8.4.2.1. By Application (Value)
- 8.4.2.1.1. Food & Beverages
- 8.4.2.1.2. Chemicals
- 8.4.2.1.3. Animal Feed
- 8.4.2.1.4. Others
- 8.4.3. India
- 8.4.3.1. By Application (Value)
- 8.4.3.1.1. Food & Beverages
- 8.4.3.1.2. Chemicals
- 8.4.3.1.3. Animal Feed
- 8.4.3.1.4. Others
- 8.4.4. Indonesia
- 8.4.4.1. By Application (Value)
- 8.4.4.1.1. Food & Beverages
- 8.4.4.1.2. Chemicals
- 8.4.4.1.3. Animal Feed
- 8.4.4.1.4. Others
- 8.4.5. Other ASEAN
- 8.4.5.1. By Application (Value)
- 8.4.5.1.1. Food & Beverages
- 8.4.5.1.2. Chemicals
- 8.4.5.1.3. Animal Feed
- 8.4.5.1.4. Others
- 8.4.6. Rest of Asia Pacific
- 8.4.6.1. By Application (Value)
- 8.4.6.1.1. Food & Beverages
- 8.4.6.1.2. Chemicals
- 8.4.6.1.3. Animal Feed
- 8.4.6.1.4. Others
- 9. Latin America Oleochemicals Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. By Type (Value)
- 9.2.1. Fatty Acids
- 9.2.2. Fatty Alcohols
- 9.2.3. Methyl Ester
- 9.2.4. Glycerin
- 9.3. By Application (Value)
- 9.3.1. Food & Beverages
- 9.3.2. Chemicals
- 9.3.3. Animal Feed
- 9.3.4. Others
- 9.4. By Country (Value)
- 9.4.1. Brazil
- 9.4.1.1. By Application (Value)
- 9.4.1.1.1. Food & Beverages
- 9.4.1.1.2. Chemicals
- 9.4.1.1.3. Animal Feed
- 9.4.1.1.4. Others
- 9.4.2. Mexico
- 9.4.2.1. By Application (Value)
- 9.4.2.1.1. Food & Beverages
- 9.4.2.1.2. Chemicals
- 9.4.2.1.3. Animal Feed
- 9.4.2.1.4. Others
- 9.4.3. Rest of Latin America
- 9.4.3.1. By Application (Value)
- 9.4.3.1.1. Food & Beverages
- 9.4.3.1.2. Chemicals
- 9.4.3.1.3. Animal Feed
- 9.4.3.1.4. Others
- 10. Middle East & Africa Oleochemicals Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. By Type (Value)
- 10.2.1. Fatty Acids
- 10.2.2. Fatty Alcohols
- 10.2.3. Methyl Ester
- 10.2.4. Glycerin
- 10.3. By Application (Value)
- 10.3.1. Food & Beverages
- 10.3.2. Chemicals
- 10.3.3. Animal Feed
- 10.3.4. Others
- 10.4. By Country (Value)
- 10.4.1. GCC
- 10.4.1.1. By Application (Value)
- 10.4.1.1.1. Food & Beverages
- 10.4.1.1.2. Chemicals
- 10.4.1.1.3. Animal Feed
- 10.4.1.1.4. Others
- 10.4.2. South Africa
- 10.4.2.1. By Application (Value)
- 10.4.2.1.1. Food & Beverages
- 10.4.2.1.2. Chemicals
- 10.4.2.1.3. Animal Feed
- 10.4.2.1.4. Others
- 10.4.3. Rest of Middle East & Africa
- 10.4.3.1. By Application (Value)
- 10.4.3.1.1. Food & Beverages
- 10.4.3.1.2. Chemicals
- 10.4.3.1.3. Animal Feed
- 10.4.3.1.4. Others
- 11. Competitive Landscape
- 11.1. Global Oleochemicals Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 11.2. Company Profiles
- 11.2.1. Cargill, Inc.
- 11.2.2. Kuala Lumpur Kepong Berhad
- 11.2.3. BASF SE
- 11.2.4. Oleon N.V.
- 11.2.5. IOI Group Berhad
- 11.2.6. Wilmar International
- 11.2.7. Kao Chemicals
- 11.2.8. Twin Rivers Technologies
- 11.2.9. Croda Industrial Chemicals
- 11.2.10. Evonik Industries
- 11.2.11. Emery Oleochemicals
- 11.2.12. Godrej Industries
- 12. Strategic Recommendation
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