Global Oleochemicals Market By Type (Fatty Acid, Fatty Alcohol, Glycerine/Glycerol and Others), Material Type (Tropical Oils, Soft Oils, Animal Fats and Others), Process (Hydrogenation, Hydrolysis Process, Transesterification, and Others), Application (Pharmaceutical & Personal Care, Food & Beverages, Soaps & Detergents, Polymers, and Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026 Global Oleochemicals Market is expected to register a substantial CAGR of 5.4% in the forecast period of 2019-2026. The rise in the market value can be attributed to the government regulations regarding use of environmentally friendly products, consumer-driven demand and recyclability of oleochemicals. The report contains data of the base year 2018 and historic year 2017.
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Some of the major competitors currently working in the global oleochemicals market are KRATON CORPORATION, BASF SE, Cargill, Incorporated, Eastman Chemical Company, Procter & Gamble, AZ Chem Holdings LP , Godrej Group, Emery Oleochemicals, PTT Global Chemical Public Company Limited, Ecogreen Oleochemicals , Berg + Schmidt GmbH & Co. KG, Croda International Plc , Wilmar International Ltd among others.
Market Definition:
Oleochemicals are those chemicals that are derived from oils and natural fats of animals and plants. They are formed by separating triglyceride structure of oils and fat into glycerol and fatty acids. Some of the commonly used oleochemicals are glycerol, fatty alcohols, fatty acids among others. Oleochemicals are widely used in applications including waxes, biofuels, electronics, mining, metal work among others.
Market Drivers:
- Rising preference for bio-based raw materials in the polymer manufacturing will drive the market growth
- Consumer-driven demand mainly in the personal care, detergents, food & beverages and petrochemical industry will also propel the market growth in the forecast period
- Government regulations regarding use of environmentally friendly products this is another factor boosting the market growth
- Easy availability of feed stock along with the expansion of several end-user industries can uplift the market growth
Market Restraints:
- Fluctuating prices of raw materials; this factor will hamper the market to grow in the forecast period
- High competition from the petroleum based chemicals, will also act as a market restraint market growth
Table of Content: Global Oleochemicals Market
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Global Oleochemicals Market Landscape
Part 04: Global Oleochemicals Market Sizing
Part 05: Global Oleochemicals Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
And More…..Get Detailed TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-oleochemicals-market
Segmentation:
By Type
- Fatty Acid
- Fatty Alcohol
- Glycerine/Glycerol
- Others
By Material Type
- Tropical Oils
- Soft Oils
- Animal Fats
- Others
By Process
- Hydrogenation
- Hydrolysis Process
- Transesterification
- Others
By Application
- Pharmaceutical & Personal Care
- Food & Beverages
- Soaps & Detergents
- Polymers
- Others
By Geography
- North America
- South America
- Europe
- Asia-Pacific
- Middle East and Africa
Key Developments in the Market:
- In April 2015, PHI Group announced that they had initiated the construction of an oleochemcial plant established in partnership with Fusion Crest. The plant will be situated in Johor, Malaysia with the company investing USD 15 million approximately. The plant will be part of a joint venture wherein PHI Group will hold the major share of 70%, this will help meet the increasing volume of demands for oleochemicals and have a positive impact on the revenues
- In January 2016, Baerlocher announced that they had completed their expansion’s second phase in Sao Paulo, Brazil. This expansion has resulted in immediate expansion of production capacity of oleochemicals by more than 30,000 tonnes helping the company supply their customers in a more streamlined manner across the region of Latin America
Competitive Analysis:
Global oleochemicals market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of oleochemicals market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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