Oleochemicas Market

Oleochemicals Market

The Oleochemicals Market is projected to witness a growth of 4.9% over the forecast period. Increasing consumption of inexhaustible, renewable, and bio-based chemicals in food and beverages, personal care & cosmetics, and pharmaceutical industries and a drift towards environment friendly products will propel the market growth.

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Oleochemicals Market Dynamics

Oleochemicals are used across different products and industries, such as metalworking, automotive lubricants, greases, and personal care products. The growing emphasis on the use of inexhaustible and cost-efficient feedstocks including palm and microbial lipids to produce oleochemicals with reduced noxiousness and lower environmental influence will offer huge opportunities to the market. With the scarcity of inexhaustible resources and increasing price of crude oil, various producers have shifted towards petrochemicals, which is another factor fuelling the market growth. However, the instability in the prices of raw materials is another factor hindering the oleochemicals market share.

Type – Segment Analysis

Fatty acids segment is likely to hold a remarkable share in the market over the forecast period. They are largely used as a lubricant for metals, and wax to polish wood. Moreover, fatty acids are the prime oleochemicals acquired from animal and vegetable oils and fats and are used in animal feed, surfactants, cleaning parts, vulcanizing agents for rubber, production of synthetic resin, and waterproof cement.

Application – Segment Analysis

Personal care & cosmetics segment is anticipated to grow at a faster rate during the forecast period. The expansion in organic cosmetic industry and the surge in the demand for environment friendly and organic products will bolster the market growth. Moreover, as per the Oleochemicals Market Forecast, products with natural ingredients causes less harm and offer better results than cosmetics made of petrochemicals.

Market Segmentation

Oleochemicals Market by Type

• Fatty Acid

• Fatty Alcohol

• Methyl Ester

• Glycerol

• Others

Oleochemicals Market by Application

• Pharmaceuticals

• Personal Care & Cosmetics

• Food & Beverages

• Soap & Detergents

• Polymers

• Others

Oleochemicals Market by Region:

• Asia Pacific

o China

o Japan

o India

o Rest of APAC

• North America

o United States of America

o Canada

• Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

• RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

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