The study presents an outlook of the oleochemicals market. The future of the market is bright with the robust growth of the Asia-Pacific region. The palm oil and oleochemicals industries are covered in this outlook. The driving forces contributing to market shifts include: the increasing demand for oleochemicals in end-user applications, the growing demand for bio-based chemicals, and the need for a low carbon economy. The oleochemical market is segmented into fatty acids and alcohols. The time frame covered in this outlook is from 2009 to 2022. This research is a compilation of information and analysis from key market participants and Frost & Sullivan’s in-house database to provide a comprehensive picture of the market scenario.
Global fatty acids market grew from million tons in 2009 to million tons in 2012. The market is expected to grow at a compound annual growth rate (CAGR) of % over the next years, to reach million tons in 2022.
While North America and Europe are mature markets that are expected to grow at a slow rate, the Asia Pacific fatty acids market shows stronger growth.
Southeast Asia is projected to strengthen its spot as the production hub for palm-based oleochemicals.
Malaysia has a total fatty acid capacity of million tons per annum (TPA), while Indonesia has a total fatty acids capacity of million TPA.
Global fatty alcohol consumption is expected to grow at a CAGR of %, much in line with the previous years, to reach million tons by 2022 frommillion tons in 2012.
With developing markets showing healthy growth rates, China is expected to become the largest market.
Malaysia has a total fatty alcohols capacity of tons per annum, while Indonesia produces about tons of fatty alcohol annually through key participants.
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