U.S (New York)– The “Brazil and Mexico Oleochemicals Market” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Brazil and Mexico Oleochemicals Market, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
Oleochemicals are chemical products, which are derived from animal or vegetable triglycerides. These products are viewed as natural, green, organic, safe, renewable, and biodegradable by scientists and consumers. Palm kernel oil, coconut oil, and high erucic rapeseed oil along with animal fat, such as tallow and lard, are most commonly used raw materials to produce oleochemicals. Brazil’s oleochemical industry, which includes fats and other materials that are made from plants and animals, has been reported to grow significantly. Fatty acids, alcohol, and several oleaginous raw materials of plant and animal origin, such as glycerin, soy, and beef tallow, possess high growth potential in the Brazil oleochemicals market.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Currently, Brazil imports palm, palm kernel oil, and ricinoleic oil, and local producers have been increasing production of castor and palm oil plants in the region. The state of Par? provides ideal conditions for planting palm, which proves to be beneficial in the production of laundry detergents and personal care items. The local cultivation of castor oil plants has been expanding significantly in the state of Bahia. Brazil’s oleochemicals market is expected to grow at a considerable rate in the near future, owing to increase in investments in irrigation, genetic improvements to increase crop productivity, and mechanization of production.
On the other hand, increase in contribution of major key players, such as BASF in Mexico, has been boosting the growth of the Mexican oleochemicals market. In 2018, BASF Mexicana completed its previously announced sale of a portion of its oleochemical surfactants business to Stepan CDMX in Mexico.
Increase in demand for biodegradable products and sustainable solutions and favorable regulations towards the use of eco-friendly products drive the growth of the Brazil and Mexico oleochemicals market. Furthermore, oleochemicals are used in a wide range of applications, and several emerging applications of oleochemicals have been replacing petroleum-based products, which are expected to create substantial growth opportunity for the Brazilian and Mexican players. However, volatile prices of important oils and fats are expected to restrain the growth of the market during the forecast period.
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The Brazil and Mexico oleochemicals market is segmented based on type and application. On the basis of type, Brazil and Mexico oleochemicals market is divided into fatty acid, fatty alcohol, glycerol, and others. As per application, it is categorized into pharmaceutical, personal care & cosmetics, food & beverages, home care (soap & detergents), animal feed, and others.
KEY BENEFITS
This report provides an extensive analysis of the current and emerging market trends and dynamics of the Brazil and Mexico oleochemicals market.
An in-depth analysis of Brazil and Mexico is conducted by constructing the market estimations for key segments between 2017 and 2025 to identify the prevailing opportunities.
The report assists to understand the strategies adopted by the companies for market expansion.
This study evaluates the competitive landscape to understand the market scenario across various regions.
An extensive analysis is conducted by following key player positioning and monitoring the top competitors within the market framework.
Key Market Segments:
By type
Fatty acid
Fatty alcohol
Glycerol
Others
By application
Pharmaceutical
Personal care & cosmetics
Food & beverages
Home care (soap & detergents)
Animal feed
Others
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By Country
Brazil
Mexico
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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