Oleochemical Market - Global Industry Analysis

Oleochemical Market (Fatty Acid, Fatty Alcohol, Glycerin, And Others) For Personal Care & Pharmaceutical, Food & Beverages, Soaps & Detergents, Polymers, And Other Applications - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2020 – 2028

Published Date: 01-Jul-2021 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-1054 Status : Published

The global Oleochemical market accounted for USD 24.07 Billion in 2020 and is expected to reach USD 35 Billion by 2028, growing at a CAGR of around 4.7% between 2021 and 2028.

Description

Market Overview     

The global Oleochemical market accounted for USD 24.07 Billion in 2020 and is expected to reach USD 35 Billion by 2028, growing at a CAGR of around 4.7% between 2021 and 2028.

Oleochemicals are used primarily within the care industry for the manufacturing of varied lotions, creams, and so on. Oleochemicals are replacing many petroleum-based products as their properties help build a product that is best for the environment and which may be manufactured from renewable raw materials. Rising consumption of sustainable, renewable, and bio-based chemicals in care & cosmetics, pharmaceuticals, food & beverages, and other industries is expected to drive the product demand over the forecast period.

Also, the high costs of petrochemical products and shifting preference for eco-friendly products will improve the product demand further. The consumption of oleochemicals within the sort of fatty acids, used for the assembly of soaps & detergents, surfactants, lubricants, varnishes, and pharmaceuticals, is also predictable to propel the market growth over the approaching years.

COVID-19 Impact Analysis  

COVID-19 has impacted businesses across the globe. The imposed lockdown and spread of the contagious virus has slowed down the operations in various industries including chemical, metallurgy, Industrial, Mechanical, and many more. Measures such as restriction and lockdown across the globe, have been explicit and unprecedented. It has further disrupted supply chains, delayed projects on Industrial, and created labor shortages in the plants.  Energy industry across the globe delays due to the ongoing project due to slowdown of manufacturing. These factors are likely to hamper the growth of the market in 2020.

Growth Factors

Growing preference for biodegradable products alongside the necessity for reducing the consumption of petrochemicals is probably going to elevate the expansion of the oleochemicals market within the years ahead,” says the author of this study. aside from this, a plethora of applications in care products, soaps & detergents, food & beverages, and pharmaceuticals will further impel the oleochemicals market scope over the following years. Tough competition from petroleum-based chemicals, however, is projected to prove as a key hurdle within the growth of the oleochemicals market soon.

Nevertheless, ample use of the merchandise witnessed in various industries within the sort of biosurfactants, lubricants, and biopolymers as substitutes for petroleum products will create new growth avenues for the oleochemicals market within a span of the next few years, thereby normalizing the impact of hindrances on the oleochemicals market.

Report Scope:  

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Application Segment Analysis Preview  

The personal care & cosmetics segment is estimated to account for the very best revenue share by 2028 growing at the fastest CAGR over the forecast years. This growth is often credited to the shift within the consumer demand for eco-friendly and natural products. To cater to the rising demand for cosmetics and to satisfy the regulatory frameworks, care manufacturers have come up with upgraded and innovative technologies.

Product Segment Analysis Preview  

Fatty alcohols are getting used in pharmaceuticals and cosmetics due to their specific properties, like emollients. The foremost commonly used product, Cetyl alcohol, is vital in shaving creams, lipsticks, and hair lotions. Cetyl and stearyl alcohol bring similar properties, which are mainly utilized in dermatologic bases, bath preparations, antihistamine creams, among others. Moreover, fatty alcohols provide the start line for the chemicals used as emulsion stabilizers, defoamers, metalworking lubricants, inks, perfumes, corrosion inhibitors, fire retardants, among others.

Regional Analysis Preview

Regionally, Asia Pacific has been leading the worldwide oleochemicals market and is expected to continue on the dominant position in the years to come. High production & usage of the product in the region is the main factor behind the dominance of the Asia Pacific oleochemicals market. Also, availability of raw materials at ease and government policies favoring the use of bio-based materials is alternative significant factor that is supporting the growth of the oleochemicals market in the region. Growing environmental concerns in the countries such as China and India are forecast to favor the expansion of oleochemicals market in the near future.

Key Market Players & Competitive Landscape

The major players that are comprised in  Oleochemical market are BASF SE, PTT Global Chemical Public Company Limited, Evonik Industries, Alnor Oil Co, Inc., Eastman Chemical Company, Cargill Incorporated, Godrej Industries, Isosciences LLC, P&G Chemicals, Arizona Chemical Company LLC, Emery Oleochemicals Group, and Myriant are some of the key players in the oleochemicals market.

The global  Oleochemical Market is segmented as follows:

By Application

  • Personal Care & Pharmaceutical
  • Food & Beverages
  • Soaps & Detergents
  • Polymers
  • Others

By Product

  • Fatty acid
  • Fatty alcohol
  • Glycerin
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Application
        • 2.1.1.2. Market Attractiveness Analysis, By Product
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Oleochemical Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Oleochemical Market – Application Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 4.2. Personal Care & Pharmaceutical
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. FOOD & BEVERAGES
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Soaps & Detergents
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Pulymers
      • 4.5.1. Market Size and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Others
      • 4.6.1. Market Size and Forecast, By Region (USD Billion)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Oleochemical Market – Product Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Product, 2020 & 2028
    • 5.2. Fatty acid
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Fatty alcohul
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Glycerin
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Others
      • 5.5.1. Market Size and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Oleochemical Market – Region Segment Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Application, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Product, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, By Application, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, By Product, 2016 – 2028
      • 6.2.6. Canada
        • 6.2.6.1. Canada Market Revenue, By Application, 2016 – 2028
        • 6.2.6.2. Canada Market Revenue, By Product, 2016 – 2028
      • 6.2.7. Mexico
        • 6.2.7.1. Mexico Market Revenue, By Application, 2016 – 2028
        • 6.2.7.2. Mexico Market Revenue, By Product, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Product, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Application, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By Product, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Application, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By Product, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Application, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By Product, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Application, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By Product, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, By Application, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, By Product, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Application, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By Product, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Product, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Application, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By Product, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Application, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By Product, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Application, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By Product, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, By Application, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, By Product, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, By Application, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, By Product, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Product, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Product, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Application, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By Product, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, By Application, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, By Product, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Application, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By Product, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Product, 2016 – 2028
      • 6.6.5. GCC Countries
        • 6.6.5.1. GCC Countries Market Revenue, By Application, 2016 – 2028
        • 6.6.5.2. GCC Countries Market Revenue, By Product, 2016 – 2028
      • 6.6.6. South Africa
        • 6.6.6.1. South Africa Market Revenue, By Application, 2016 – 2028
        • 6.6.6.2. South Africa Market Revenue, By Product, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By Product, 2016 – 2028
  • Chapter No. 7: Oleochemical Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. By Product Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Oleochemical Market: Company Market Share, 2019
      • 8.1.2. Global Oleochemical Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Oleochemical Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Oleochemical Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. BASF SE
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. PTT Global Chemical Public Company Limited
    • 9.3 Evonik Industries
    • 9.4 Alnor Oil Co, Inc.
    • 9.5 Eastman Chemical Company
    • 9.6 Cargill Incorporated
    • 9.7 Godrej Industries
    • 9.8 Isosciences LLC
    • 9.9 P&G Chemicals
    • 9.10 Arizona Chemical Company LLC
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Application
FIG NO. 2. Market Attractiveness Analysis, By Product
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global  Oleochemical Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Application, 2020 & 2028 
FIG NO. 7. Global  Oleochemical Market for Personal Care & Pharmaceutical, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of  Oleochemical Market for Personal Care & Pharmaceutical, By Country, 2020 & 2028
FIG NO. 9. Global  Oleochemical Market for Food & Beverages, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of  Oleochemical Market for Food & Beverages, By Country, 2020 & 2028
FIG NO. 9. Global  Oleochemical Market for Soaps & Detergents, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of  Oleochemical Market for Soaps & Detergents, By Country, 2020 & 2028
FIG NO. 11. Global  Oleochemical Market for Polymers, Revenue (USD Billion) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of  Oleochemical Market for Polymers, By Country, 2020 & 2028
FIG NO. 13. Global  Oleochemical Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of  Oleochemical Market for Others, By Country, 2020 & 2028
FIG NO. 15. Market Revenue Share, By Product, 2020 & 2028
FIG NO. 16. Global  Oleochemical Market for Fatty acid, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of  Oleochemical Market for Fatty acid, By Country, 2020 & 2028 
FIG NO. 18. Global  Oleochemical Market for Fatty alcohol, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of  Oleochemical Market for Fatty alcohol, By Country, 2020 & 2028
FIG NO. 20. Global  Oleochemical Market for Glycerin, Revenue (USD Billion) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of  Oleochemical Market for Glycerin, By Country, 2020 & 2028
FIG NO. 22. Global  Oleochemical Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of  Oleochemical Market for Others, By Country, 2020 & 2028
FIG NO. 24. Global  Oleochemical Market Revenue Share, By Region, 2020 & 2028
FIG NO. 25. North America  Oleochemical Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 26. Porter’s Five Forces Analysis for Global  Oleochemical Market
FIG NO. 27. PEST Analysis for Global  Oleochemical Market
FIG NO. 28. Pricing Analysis for Global  Oleochemical Market
FIG NO. 29. Value Chain Analysis for Global  Oleochemical Market
 


Table Of Tables

List of Tables 

TABLE NO. 1. Global  Oleochemical Market: Snapshot
TABLE NO. 2. Quarterly  Oleochemical Market Revenue by Region, 2020
TABLE NO. 3. Quarterly  Oleochemical Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion) 
TABLE NO. 6. Global  Oleochemical Market for Personal Care & Pharmaceutical, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global  Oleochemical Market for food & beverages, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global  Oleochemical Market for Soaps & Detergents, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global  Oleochemical Market for Polymers, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global  Oleochemical Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global  Oleochemical Market for Fatty acid, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12 Global  Oleochemical Market for Fatty alcohol, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global  Oleochemical Market for Glycerin, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global  Oleochemical Market for Glycerin, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15 Global  Oleochemical Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 16. North America  Oleochemical Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 17. North America  Oleochemical Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 18. North America  Oleochemical Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 19. U.S.  Oleochemical Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 20. U.S.  Oleochemical Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 21. Canada  Oleochemical Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 22. Canada  Oleochemical Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 23. Mexico  Oleochemical Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 24. Mexico  Oleochemical Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 25. Drivers for the  Oleochemical Market: Impact Analysis
TABLE NO. 26. Restraints for the  Oleochemical Market: Impact Analysis
TABLE NO. 27. Major Buyers of  Oleochemical
TABLE NO. 28. Distributors/Traders List of  Oleochemical
TABLE NO. 29. Global  Oleochemical Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 30: Global  Oleochemical Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)   


 

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Oleochemicals market. Zion Research has collected and analyzed key data belong to the global Oleochemicals market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Oleochemicals across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Oleochemicals industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Oleochemicals market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Oleochemicals include short, medium, and long chained fatty alcohols, fatty acids, and glycerin together with other types of chemicals derived from plants and animal fats. Oleochemicals are used primarily in personal care, soaps & detergents, surfactants, and food additives among others. In pharmaceutical applications, oleochemicals are primarily utilized to manufacture a variety of pharmaceuticals and personal care products such as cleansing lotions, skin creams, deodorants, body lotions, medicated cosmetics, bath oils, depilatories, shampoos, hair products, and perfumed products among others.

Growing biodegradable products demand on account of decreasing dependency on petrochemicals is expected to remain a major factor driving growth over the next eight years. Furthermore, increasing demand for bio-based products from various end-use industries such as soaps & detergents, pharmaceuticals, and personal care is expected to fuel the market growth in coming years. However, the high competition from the petroleum based chemicals is the key challenge witnessed in the global market. Moreover, various novel applications of oleochemicals such as biosurfactants, biopolymers, and lubricants are emerging as an alternative of petroleum based products creating new growth opportunities in the oleochemicals market.

Global-Oleochemicals-Market

On the basis of product segment, the market is classified into fatty acids, fatty alcohols, glycerin, and others. Fatty acid was the major product segment of oleochemicals market in 2016 followed by fatty alcohols. Growing fatty acid use in soaps & detergents and personal care sector is expected to increase fatty acid demand in next few years. The market for glycerin is projected to grow at a substantial rate on account of growing demand as an important ingredient in various food & beverages, personal care, and detergents products. Personal care & pharmaceutical, food & beverages, soaps & detergents, polymers, and other applications are the major application segments of the market. Personal care & pharmaceutical is anticipated to emerge as the fastest growing glycerol application over the forecast period.

Asia Pacific was the leading regional segment in the oleochemicals market in 2016. In addition, the region is also the leading producer of oleochemicals. The growth in the region is mainly attributed by the presences of a large number of manufacturers in the region. China, Japan, and India are the key countries with a huge demand for oleochemicals. Oleochemicals market in Europe is expected to witness significant growth in the forecast period owing to growing importance for biodiesel as an alternative to petroleum-based fuels. Volatile petroleum prices and favorable guidelines are expected to drive the biodiesel demand, which in turn is expected to positively impact the European oleochemicals market in future.

The key market players in oleochemicals market mainly focus on partnerships and agreements as their business strategy is to enhance their product portfolio and serve more consumers. They are also focusing on expanding their operations to more developing regions where the market is not saturated. Major companies operating in the global industry include BASF SE, PTT Global Chemical Public Company Limited, Evonik Industries, Alnor Oil Co, Inc., Eastman Chemical Company, Cargill Incorporated, Godrej Industries, Isosciences LLC, P&G Chemicals, Arizona Chemical Company LLC, Emery Oleochemicals Group, and Myriant.

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FrequentlyAsked Questions

The global  Oleochemical Market was valued at USD 24.07 billion in 2020.

The global  Oleochemical Market is expected to reach USD 35 billion by 2028, growing at a CAGR of 4.7% between 2021 to 2028.

Growing preference for biodegradable products along with the need for reducing the consumption of petrochemicals is likely to elevate the growth of oleochemicals market in the years ahead.

Asia Pacific in 2020 ruled the  Oleochemical market and was believed to be the highest income-generating area all over the globe.  

The major players that are comprised in  Oleochemical market are BASF SE, PTT Global Chemical Public Company Limited, Evonik Industries, Alnor Oil Co, Inc., Eastman Chemical Company, Cargill Incorporated, Godrej Industries, Isosciences LLC, P&G Chemicals, Arizona Chemical Company LLC, Emery Oleochemicals Group, and Myriant are some of the key players in the oleochemicals market.

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