The U.S. specialty oleochemicals market is expected to reach 3.08 billion by 2025, according to a new report by Grand View Research, Inc. The shift towards relying on natural chemicals coupled with an increase in the growth of end-use industries such as personal care and pharmaceuticals in the U.S. will increase the oleochemical market growth over the next few years.
Growing demand for biopolymers is expected to have a positive impact on specialty oleochemical market penetration and production. Mounting concerns regarding polymer/plastic biodegradability have prompted manufacturers in the market to shift their focus towards development of bio-based alternatives. Oleochemicals derived from plant-derived feedstock such as linseed, castor and soybean oils are used to develop polyamides, which are commonly used in textile and automotive applications.
Specialty esters held the largest share in 2015 and is estimated to reach USD 1.01 billion by 2025. The specialty esters include product categories such as sorbitan esters, glycol esters, lactate esters, isopropyl palmitate, etc. Owing to its feasible chemical characteristics, glycol esters have witnessed increased demand as emulsifier in soap, shampoos, and other personal care consumables.
Glycerol esters, on the other hand, have been gaining momentum on account of their GRAS (generally recognized as safe) recognition awarded by the U.S. FDA. Glycerol derivatives have been finding numerous applications across the food & beverages and pharmaceutical industry. Increasing biodiesel industry has also influenced its market demand wherein it is available at lower price. Crude glycerol can be used as animal feed over corn, as it is cheaply available.
Full Research Report On U.S. Specialty Oleochemicals Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/us-specialty-oleochemicals-market
Further key findings from the report suggest:
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www.grandviewresearch.com/industry/renewable-chemicals
Grand View Research has segmented the U.S. specialty oleochemicals market on the basis of product and application:
U.S. Specialty Oleochemicals Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
U.S. Specialty Oleochemicals Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
Access Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/us-specialty-oleochemicals-market-analysis
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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