The modern-day document posted via Report Ocean, titled “Oleochemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global oleochemicals market was valued at $17,964 million in 2016 which is expected to grow at a CAGR of 7.0% during 2017 to 2023 to reach $28,728 million by 2023. Oleochemicals are the chemical products derived from animal or vegetable triglycerides. These products are viewed as natural, green, organic, safe, renewable, and biodegradable by the scientists and consumers. Palm kernel oil, coconut oil, and high erucic rapeseed oil along with animals fats such as tallow and lard are most commonly used raw materials for the production of oleochemicals. These are used in broad range of application such as for the production of detergent, personal care products, lubricants, green solvents, and bioplastics.
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In 2016, Asia-Pacific and Europe were the leading regions, in terms of both value and volume. Asia-Pacific is the leading region for oleochemicals, owing to the strong raw material base and expanding world scale plants. Moreover, the recent developments and modernization in oleochemicals manufacturing plants in Asia offer excellent raw material integration and give producers competitive advantage above overseas competitors. Increase in demand for bio-degradable products and sustainable solutions along with favorable regulations drive the market in various segments of chemical industry.
Further, oleochemicals are used in wide range of applications and several emerging applications of oleochemicals are replacing petroleum-based products, which is expected to create substantial growth opportunity to the global industry players. However, volatile prices of important oils and fats restrain the growth of the global market during the forecast period.
The global oleochemicals market is segmented based on type, application, and geography. On the basis of type, it is divided into fatty acid, fatty alcohol, methyl ester, glycerol, and others. On the basis of application, it is categorized as pharmaceuticals, personal care & cosmetics, food & beverages, soap & detergents, polymers, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY MARKET BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current & emerging market trends and dynamics of the global oleochemicals market.
In-depth analysis of all regions is conducted by constructing the market estimations for key segments between 2017 and 2023 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.
Extensive analysis is conducted by following the key player positioning and monitoring the top competitors within the market framework.
The major market players are as follows
Emery Oleochemicals
Wilmar International
Oleon NV
KLK Oleo
Musim Mas Group
Croda International
IOI Group
Procter & Gamble Co.
Twin River Technologies
Chemical Associates Inc.
The other major players in the industry include the following
Evyap Oleo
Godrej Industries
Cargill Inc.
CREMER
Pacific Oleochemicals Sdn Bhd
KEY MARKET SEGMENTS
By Type
Fatty Acid
Fatty Alcohol
Methyl Ester
Glycerol
Others
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By Application
Pharmaceuticals
Personal Care & Cosmetics
Food & Beverages
Soap & Detergents
Polymers
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Malaysia
Indonesia
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
Rest of LAMEA
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
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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