The latest report by IMARC Group, titled “Oleochemicals Market Report by Type (Fatty Acids, Fatty Alcohols, Glycerine, and Others), Form (Liquid, Solid), Application (Soaps and Detergents, Plastics, Paper, Lubricants, Rubber, Coatings and Resins, Personal Care Products, and Others), Feedstock (Palm, Soy, Rapeseed, Sunflower, Tallow, Palm Kernel, Coconut, and Others), and Region 2024-2032“, The global oleochemicals market size reached US$ 25.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 44.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.9% during 2024-2032.
A category of organic compounds, oleochemicals are obtained from natural sources such as plant-based fats and oils, including those derived from palm, soybean, and coconut. Through a process called saponification, these compounds are broken down into valuable components, including fatty acids, glycerin, and various byproducts. The eco-friendly and renewable nature of oleochemicals has led to their widespread adoption across various industries. They play a vital role in the manufacture of a broad range of products, from personal care items like soaps and cosmetics to pharmaceuticals and biofuels. One of the key advantages of oleochemicals lies in their ability to substitute traditional petrochemical-based ingredients, supporting the global transition to environmentally responsible business practices. Additionally, their biodegradable and non-toxic properties have solidified their position as a crucial component of the sustainable chemical industry.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/oleochemicals-market/requestsample
Oleochemicals Market Trends and Drivers:
Growing awareness of environmental sustainability is stimulating the global oleochemicals market as businesses and consumers prioritize greener solutions to reduce their carbon footprint. The cosmetics and personal care industry is increasingly favoring natural ingredients, driving the demand for oleochemical-derived substances like fatty alcohols and esters. Oleochemicals are also being explored in the food and beverage sector for their roles as emulsifiers, antioxidants, and texturizing agents, meeting the needs of health-conscious consumers. Additionally, the market is expanding with the introduction of innovative products such as bioplastics and bio-lubricants, finding applications across various industries and fostering market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Fatty Acids
- Fatty Alcohols
- Glycerine
- Others
Breakup by Form:
- Liquid
- Solid
- Flakes
- Pellets
- Beads
- Others
Breakup by Application:
- Soaps and Detergents
- Plastics
- Paper
- Lubricants
- Rubber
- Coatings and Resins
- Personal Care Products
- Others
Breakup by Feedstock:
- Palm
- Soy
- Rapeseed
- Sunflower
- Tallow
- Palm Kernel
- Coconut
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Akzo Nobel N.V.
- BASF SE
- Cargill, Incorporated
- Emery Oleochemicals Group
- Evonik Industries AG
- Evyap Oleo
- Godrej & Boyce Mfg. Co. Ltd.
- Kao Corporation
- KLK Oleo
- Myriant Technologies
- Oleon NV
- Procter & Gamble Company
- PTT Global Chemical Public Company Limited
- Corbion N.V.
- Wilmar International Ltd.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No: +91 120 433 0800
United States: +1-631-791-1145
