According to a market report by Lucintel, the future of the oleochemical market looks promising with opportunities in the pharmaceutical, personal care & cosmetics, food & beverage, soap & detergent, and polymer market. The global oleochemical market is expected to grow with a CAGR of 7% to 9% from 2023 to 2028. The major drivers for this market are surge in demand for green chemicals, high demand from end-use industries, and easy availability of raw materials.
In this market, fatty acids, fatty alcohols, methyl ester, and glycerol are the major segments by product type. Lucintel forecasts that fatty acid will remain the largest segment over the forecast period due to increase in demand from pharmaceutical & personal care products manufacturers to use oleochemical in the form of fatty acids for manufacturing of soaps and detergents, lubricants, surfactants, and pharmaceuticals.
Within this market, pharmaceuticals are expected to remain the largest segment due increasing demand for pharmaceuticals drugs across the globe.
APAC will remain the largest region due to the increased demand for sustainable plastics in various end-user industries, which, in turn, has driven the demand for raw materials, such as fatty acids and other bio-based polymers.
Emery Oleochemical, Wilmar International, Oleon, KLK Oleo, Musim Mas Group, Croda International, IOI Group, Procter & Gamble, Twin River Technologies, and Chemical Associates are the major suppliers in the global oleochemical market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global oleochemical market by product type, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Oleochemical Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global oleochemical market by product type, application, and region, as follows:
Oleochemical Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:
· Fatty Acids
· Fatty Alcohols
· Methyl Ester
· Glycerol
· Others
Oleochemical Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
· Pharmaceuticals
· Personal Care & Cosmetics
· Food & Beverages
· Soap & Detergents
· Polymers
· Others
Oleochemical Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Oleochemical Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the oleochemical market by product type (fatty acids, fatty alcohols, methyl ester, glycerol, and others), application (pharmaceuticals, personal care & cosmetics, food & beverages, soap & detergents, polymers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?