Global Oleochemicals Market Overview
According to SPER Market Research, the Global Oleochemicals Market is estimated to reach USD 47.87 billion by 2032 with a CAGR of 7.79%.
Over the projected period, it is anticipated that rising need for renewable, sustainable, and bio-based chemicals in the personal care & cosmetics, food & beverage, pharmaceutical, and other industries will fuel product demand. The high cost of petrochemical goods and consumers' evolving preferences for eco-friendly goods will also increase product demand. Consumption of oleochemicals in the form of fatty acids, which are used to make medicines, surfactants, lubricants, varnishes, and soaps and detergents, is also anticipated to fuel market expansion in the upcoming years.Specialty esters are one of the most important product segments among the fundamental Oleochemicals, along with glycerol esters, alkoxylates, and others. Numerous industrial, personal care & cosmetic items, food & beverage, and industrial applications call for fatty acids derived from animal fats, plant oils, and vegetable oils. Over the course of the forecast period, the market expansion is anticipated to be driven by an increase in the use of specialised esters in end-use sectors including personal care products and cosmetics. According to estimates, one of the main factors propelling market expansion will continue to be the rising desire for sustainable and biodegradable products to lessen petrochemical dependence. To reduce the time and expense associated with reformulation and re-equipment, manufacturers are taking steps to replace chemically derived goods with bio-based chemicals.
Impact of COVID-19 on the Global Oleochemicals Market
Manufacturers, vendors, distributors, and consumers are among the groups of stakeholders calling for action as a result of the global COVID-19 situation. The profitability of Oleochemicals makers and vendors has been under strain due to a decline in business and weaker demand from a few key areas. However, over the long term, we anticipate that COVID-19's detrimental effects on oleochemicals will be offset. Due to COVID-19 and the lockdown in important nations, the value chain for the oleochemical market was disrupted. Due to their use in soaps and disinfectants, the COVID-19 outbreak elevated the need for oleochemicals even more.The pandemic put pressure on the market for fatty acids due to weak downstream industries like industrial lubricants and tyres, but fatty alcohols fared better because the majority of them are used to make household and personal care products. Due to COVID-19, the pharmaceutical industry and personal hygiene now account for the majority of the demand for oleochemicals.Volatile organic compounds are the principal fugitive emissions into the atmosphere that result from the synthesis of fatty acids. Because low molecular weight breakdown products are present, volatile organic substances can emit odours. These elements hinder the global oleochemical market's expansion.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product, By Feedstock, By Applications, By Sales Channel, By Form |
| Regions covered | Asia Pacific, Europe, Middle East and Africa,North America, Latin America |
| Companies Covered | BASF SE, Cargill Inc, Chemrez Technologies, Inc., Corbion N.V, Croda International plc, Edenor Technology Sdn Bhd, Emery Oleochemicals, Evonik Industries, Godrej Industries, IOI Group Berhad, Kao Chemicals, Kuala Lumpur Kepong Berhad, Nouryon, Oleon Nv, P&G Chemicals, Pan Century Surfactants Inc., Sakamoto Yakuhin Kogyo Co. Ltd, Stepan Company, Twin River Technologies Inc, Vantage Specialty Chemicals, Inc., Wilmar International Ltd. |
Global Oleochemicals Market Segmentation:
1. By Product:
- Alkoxylates
- Fatty Acid Methyl Ester
- Fatty Amines
- Glycerol Esters
- Specialty Esters
- Others
2. By Feedstock:
- Coconut
- Palm
- Palm Kernel
- Rapeseed
- Soy
- Sunflower
- Tallow
- Others
3. By Applications:
- Consumer Goods
- Food & Beverages
- Healthcare & Pharmaceuticals
- Household Care
- Industrial
- Paints & Inks
- Personal Care & Cosmetics
- Polymer & Plastic Additives
- Textiles
- Others
4. By Sales Channel:
5. By Form:
- Beads
- Flakes
- Liquid
- Pellets
- Solid
- Others
6. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- South America
Key Topics Covered in the Report:- Size of Global Oleochemicals Market (FY’2019-FY’2032)
- Overview of Global Oleochemicals Market
- Segmentation of Global Oleochemicals Market By Product (Alkoxylates, Fatty Acid Methyl Ester, Fatty Amines, Glycerol Esters, Specialty Esters, Others)
- Segmentation of Global Oleochemicals Market By Feedstock (Coconut, Palm, Palm Kernel, Rapeseed, Soy, Sunflower, Tallow, Others)
- Segmentation of Global Oleochemicals Market By Applications (Consumer Goods, Food & Beverages, Healthcare & Pharmaceuticals, Household Care, Industrial, Paints & Inks, Personal Care & Cosmetics, Polymer & Plastic Additives, Textiles, Others)
- Segmentation of Global Oleochemicals Market By Sales Channel (Indirect, Direct)
- Segmentation of Global Oleochemicals Market By Form (Beads, Flakes, Liquid, Pellets, Solid, Others)
- Statistical Snap of Global Oleochemicals Market
- Growth Analysis of Global Oleochemicals Market
- Problems and Challenges in Global Oleochemicals Market
- Competitive Landscape in the Global Oleochemicals Market
- Impact of COVID-19 and Demonetization on Global Oleochemicals Market
- Details on Recent Investment in Global Oleochemicals Market
- Competitive Analysis of Global Oleochemicals Market
- Major Players in the Global Oleochemicals Market
- SWOT Analysis of Global Oleochemicals Market
- Global Oleochemicals Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Oleochemicals Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4.Heat map analysis
6. Competitive Landscape
6.1. Global Oleochemicals Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Oleochemicals Market
7. Global Oleochemicals Market, By Product, 2019-2032 (USD Million)
7.1. Alkoxylates
7.2. Fatty Acid Methyl Ester
7.3. Fatty Amines
7.4. Glycerol Esters
7.5. Specialty Esters7.6. Others
8. Global Oleochemicals Market, By Feedstock, 2019-2032 (USD Million)
8.1. Coconut
8.2. Palm
8.3. Palm Kernel
8.4. Rapeseed
8.5. Soy
8.6. Sunflower
8.7. Tallow
8.8. Others
9. Global Oleochemicals Market, By Applications, 2019-2032 (USD Million)
9.1. Consumer Goods
9.2. Food & Beverages
9.3. Healthcare & Pharmaceuticals
9.4. Household Care
9.5. Industrial
9.6. Paints & Inks
9.7. Personal Care & Cosmetics
9.8. Polymer & Plastic Additives
9.9. Textiles9.10. Others
10. Global Oleochemicals Market, By Sales Channel, 2019-2032 (USD Million)
10.1. Indirect
10.2. Direct
11. Global Oleochemicals Market, By Form, 2019-2032 (USD Million)
11.1. Beads
11.2. Flakes
11.3. Liquid
11.4. Pellets
11.5. Solid
11.6. Others
12. Global Oleochemicals Market, By Region, 2019-2032 (USD Million)
12.1. Global Oleochemicals Size and Market Share by Region (2019-2025)
12.2. Global Oleochemicals Size and Market Share by Region (2026-2032)
12.3. Asia-Pacific
12.3.1. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4 Europe
12.4.1 France
12.4.2 Germany
12.4.3 Italy
12.4.4 Spain
12.4.5 United Kingdom
12.4.6 Rest of Europe
12.5 Middle East & Africa
12.5.1 Kingdom of Saudi Arabia
12.5.2 United Arab Emirates
12.5.3 Rest of Middle East & Africa
12.6 North America
12.6.1 Canada
12.6.2 Mexico
12.6.3 United States
12.7 Latin America
12.7.1 Argentina
12.7.2 Brazil
12.7.3 Rest of Latin America
13. Company Profiles
13.1 Cargill Inc
13.1.1 Company details
13.1.2 Financial outlook
13.1.3 Product summary
13.1.4 Recent developments
13.2 Chemrez Technologies, Inc
13.2.1 Company details
13.2.2 Financial outlook
13.2.3 Product summary
13.2.4 Recent developments
13.3 Corbion N.V
13.3.1 Company details
13.3.2 Financial outlook
13.3.3 Product summary
13.3.4 Recent developments
13.4 Croda International plc
13.4.1 Company details
13.4.2 Financial outlook
13.4.3 Product summary
13.4.4 Recent developments
13.5 Edenor Technology Sdn Bhd
13.5.1 Company details
13.5.2 Financial outlook
13.5.3 Product summary
13.5.4 Recent developments
13.6 Emery Oleochemicals
13.6.1 Company details
13.6.2 Financial outlook
13.6.3 Product summary
13.6.4 Recent developments
13.7 Evonik Industries
13.7.1 Company details
13.7.2 Financial outlook
13.7.3 Product summary
13.7.4 Recent developments
13.8 Godrej Industries
13.8.1 Company details
13.8.2 Financial outlook
13.8.3 Product summary
13.8.4 Recent developments
13.9 IOI Group Berhad
13.9.1 Company details
13.9.2 Financial outlook
13.9.3 Product summary
13.9.4 Recent developments
13.10 Kao Chemicals
13.10.1 Company details
13.10.2 Financial outlook
13.10.3 Product summary
13.10.4 Recent developments
13.11 Kuala Lumpur Kepong Berhad
13.11.1 Company details
13.11.2 Financial outlook
13.11.3 Product summary
13.11.4 Recent developments
13.12 Nouryon
13.12.1 Company details
13.12.2 Financial outlook
13.12.3 Product summary
13.12.4 Recent developments
13.13 Oleon Nv
13.13.1 Company details
13.13.2 Financial outlook
13.13.3 Product summary
13.13.4 Recent developments
13.14 P&G Chemicals
13.14.1 Company details
13.14.2 Financial outlook
13.14.3 Product summary
13.14.4 Recent developments
13.15 Pan Century Surfactants Inc
13.15.1 Company details
13.15.2 Financial outlook
13.15.3 Product summary
13.15.4 Recent developments
13.16 Sakamoto Yakuhin Kogyo Co. Ltd
13.16.1 Company details
13.16.2 Financial outlook
13.16.3 Product summary
13.16.4 Recent developments
13.17 Stepan Company
13.17.1 Company details
13.17.2 Financial outlook
13.17.3 Product summary
13.17.4 Recent developments
13.18 Twin River Technologies Inc
13.18.1 Company details
13.18.2 Financial outlook
13.18.3 Product summary
13.18.4 Recent developments
13.19 Vantage Specialty Chemicals, Inc.
13.19.1 Company details
13.19.2 Financial outlook
13.19.3 Product summary
13.19.4 Recent developments
13.20 Wilmar International Ltd.
13.20.1 Company details
13.20.2 Financial outlook
13.20.3 Product summary
13.20.4 Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
