Global Oleochemicals Market: Size, Trends and Forecasts (2019-2023)
Scope of the Report
The report titled “Global Oleochemicals Market: Size, Trends and Forecasts (2019-2023)”, provides an in depth analysis of the global oleochemicals market by value, by volume, by type, by application, by region, etc. The report provides a detailed regional analysis of the oleochemicals market, including the following regions: Asia pacific (India & Rest of Asia Pacific), Europe, North America (The US & Rest of North America), and ROW. The report also provides a detailed analysis of the US oleochemicals market by value and by type.
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global oleochemicals market has also been forecasted for the period 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The global oleochemicals market is highly fragmented with many market players operating worldwide. Oleochemicals manufacturers are producing different types of oleochemicals derived from different raw materials for various application.
Further, key players of the oleochemicals market are BASF SE, Wilmar International Limited, Evonik Industries AG, Sime Darby Plantation and PTT Global Chemicals (Emery Oleochemicals) are also profiled with their financial information and respective business strategies.
Wilmar International Limited
Evonik Industries AG
Sime Darby Plantation and PTT Global Chemicals (Emery Oleochemicals)
Oleochemicals are the chemicals which are obtained from plants and animal fats or oils. Oleochemicals are derived from natural renewable raw materials like palm oil, palm kernel oil, etc. Therefore, they are considered as cost-competitive and are ecologically more acceptable alternative to petrochemicals.
Oleochemicals can be produced in different ways. The three most common methods to produce oleochemicals are: transesterification, saponification, and fat splitting. Oleochemicals can be used in various applications, including soaps & detergents, plastics, rubber, paper, lubricants, personal care, biodiesel, pharmaceuticals, food & beverages, and others.
The base oleochemicals are Fatty Acids, Fatty Alcohols, Glycerine, and Methyl Esters. And, the derivatives are Amines, Amides, Esters, Sulphates, and Alkoxylates. Base oleochemicals are produced from vegetable oils through a simple production process, whereas the manufacturing of derivatives from base oleochemicals is a highly specialized process.
The oleochemicals market can be segmented on the basis of type (Fatty Acids, Fatty Alcohols, Methyl Esters, Glycerine, Fatty Amines, and Others); application (Plastic Additives, Food Additives, and Others); raw material type (Tropical Oils (Coconut Oil, Palm Kernel Oil & Palm Oil), Soft Oils (Sunflower Oil, Soya Oil & Rape Oil), Animal Fats (Poultry, Tallow & Lard), and Other Material Types); and process (Hydrogenation, Hydrolysis Process, Transesterification and Other Process).
The global oleochemicals market has increased significantly during the years 2016-2018 and projections are made that the market would rise in the next four years i.e. 2019-2023 tremendously. The oleochemicals market is expected to increase due to rapid urbanization, growth in the biodiesel sector, rising vegetable oil demand and supply, widespread utilization of fatty acids, high economic growth, favorable government regulations, etc. Yet the market faces some challenges such as fluctuations in raw material prices, overcapacity issues, etc.
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