Product Code: 978-1-68038-282-2
Oleochemicals Market Growth & Trends:
The global oleochemicals market size is anticipated to reach USD 39.43 billion by 2030 and is projected to grow at a CAGR of 7.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The demand for oleochemicals is projected to be driven by the growing utilization of these products in various end-use industries like industrial, personal care & cosmetics, textiles, pharmaceuticals, and food processing, among others.
Growing concerns regarding the impact of petrochemicals on the environment have prompted the use of bio-based and sustainable chemicals. The industry is shifting its focus towards the development of biodegradable products and base chemicals using bio-based raw materials to reduce carbon footprint and the dependency on petrochemicals.
The presence of regulations from agencies such as REACH regarding the environmental risks related to petrochemical-based products is expected to support this trend. Oleochemicals are biodegradable in nature and have the same applications as petrochemicals. Considering the factors mentioned above, oleochemicals have been gaining prominence in polymers, surfactants, and lubricants production as a substitute for petrochemicals.
On the other hand, the growth of the biodiesel industry due to the volatility in raw material prices has a direct impact on the production of various oleochemicals, especially glycerol esters. The global oleochemicals industry is oversupplied and, therefore, manufacturers get fewer returns. In addition, the refining of oleochemicals is a cost-intensive process, which further affects the profit margins of the manufacturers involved in this business.
Oleochemicals Market Report Highlights:
- Fatty Acid Methyl Ester is expected to witness the fastest CAGR of 8.7% over the forecast period. FAME is used for the production of biodiesel and detergents and is superior to conventional fossil fuel in terms of its sulfur content, carbon emission, and biodegradability. In addition, the direct transformation of extracted microbial lipids into fatty acid methyl ester can reduce the cost of biodiesel production. FAME is also used as an alternative to motor fuel since it is characterized by properties similar to those of biodiesel. Thus, the growth of fatty acid methyl ester is directly dependent on the demand for biodiesel.
- Personal care & cosmetics end use is expected to witness the fastest CAGR of 7.8% over the coming years. The growing demand for organic and anti-aging products to maintain a youthful appearance is driving the demand for personal care products, which, in turn, is expected to trigger the demand for oleochemicals derivatives in personal care & cosmetics application segment.
- Asia Pacific is expected to witness the fastest growth of 7.7% over the forecast period owing to rapid technological advancements, the presence of large pharmaceutical and food & beverages industries, changing consumer preferences & trends, and the global market presence of some of the key manufacturing companies. Companies such as Kuala Lumpur Kepong (Malaysia), Wilmar (Indonesia), Musim Mas (Indonesia), Kao Corporation (Japan), and China Sanjiang Fine Chemicals (China) are likely to set up new fatty alcohol plants in Asia in the forthcoming years, further driving the market growth in the region.
- The key players in the U.S. market include Vantage Specialty Chemicals, Emery Chemicals, Evonik Industries, and Kao Chemicals. These companies dominate the global market with a substantial presence throughout the value chain.
- In April 2023, KLK Oleo completed the acquisition of Temix Oleo. The company's acquisition is aligned with its strategy to diversify its product portfolio and increase its market share across regions.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 Gvr's Internal Database
- 1.4 Information Analysis
- 1.5 Market Formulation & Data Visualization
- 1.6 Data Validation & Publishing
- 1.6.1 Research Scope And Assumptions
- 1.6.2 List To Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Global Oleochemicals: Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Global Oleochemicals Market Outlook
- 3.2 Industry Value Chain Analysis
- 3.2.1 Manufacturing/Technology Trends
- 3.2.2 Sales Channel Analysis
- 3.2.3 List Of Potential End-Users
- 3.3 Price Trend Analysis, 2018 - 2030 (USD/Kg)
- 3.3.1 Factors Influencing Prices
- 3.4 Impact Of Covid-19 Pandemic
- 3.5 Impact Of European Geopolitical Conflict
- 3.6 Regulatory Framework
- 3.7 Market Dynamics
- 3.7.1 Market Driver Analysis
- 3.7.1.1 Growing Demand For Sustainable And Biodegradable Products
- 3.7.1.2 Growth Of Major End-Use Industries
- 3.7.2 Market Restraint Analysis
- 3.7.2.1 Low Profit Margins From Bio-Refineries
- 3.7.2.2 Deforestation And Plant Diversity Related Concerns Due To Large-Scale Palm Oil Cultivation
- 3.7.3 Industry Challenges Analysis
- 3.7.4 Industry Opportunities Analysis
- 3.8 Industry Analysis Tools
- 3.8.1 Porter's Analysis
- 3.8.2 Macroeconomic Analysis- Pestle Analysis
Chapter 4 Oleochemicals Market: Supplier Portfolio Analysis
- 4.1 List Of Raw Material Suppliers
- 4.2 Key Raw Material Trends
- 4.3 Portfolio Analysis/ Kraljic Matric
- 4.4 Engagement Model
- 4.5 Negotiation Strategies
- 4.6 Sourcing Best Practices
- 4.6.1 Decreasing Dependency On One Supplier
- 4.6.2 Predefines Standards And Process For Procurement
- 4.6.3 Raw Material Price Tracking
Chapter 5 Global Oleochemicals Market: Product Estimates & Trend Analysis
- 5.1 Product Movement Analysis & Market Share, 2023 & 2030
- 5.1.1 Specialty Ester
- 5.1.1.1 Specialty Esters Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.2 Fatty Acid Methyl Ester
- 5.1.2.1 Fatty Acid Methyl Esters Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.3 Glycerol Esters
- 5.1.3.1 Glycerol Esters Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.4 Alkoxylates
- 5.1.4.1 Alkoxylates Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.5 Fatty Amines
- 5.1.5.1 Fatty Amines Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.6 Other Oleochemicals
- 5.1.6.1 Other Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6 Global Oleochemicals Market: Application Estimates & Trend Analysis
- 6.1 Application Movement Analysis & Market Share, 2023 & 2030
- 6.1.1 Personal Care & Cosmetics
- 6.1.1.1 Oleochemicals Market Estimates & Forecasts, in Personal Care & Cosmetics, 2018 - 2030 (Kilotons) (USD Million)
- 6.1.2 Consumer Goods
- 6.1.2.1 Oleochemicals Market Estimates & Forecasts, in Consumer Goods, 2018 - 2030 (Kilotons) (USD Million)
- 6.1.3 Food Processing
- 6.1.3.1 Oleochemicals Market Estimates & Forecasts, in Food Processing, 2018 - 2030 (Kilotons) (USD Million)
- 6.1.4 Textiles
- 6.1.4.1 Oleochemicals Market Estimates & Forecasts, in Textiles, 2018 - 2030 (Kilotons) (USD Million)
- 6.1.5 Paints & Inks
- 6.1.5.1 Oleochemicals Market Estimates & Forecasts, in Paints & Inks, 2018 - 2030 (Kilotons) (USD Million)
- 6.1.6 Industrial
- 6.1.6.1 Oleochemicals Market Estimates & Forecasts, in Industrial, 2018 - 2030 (Kilotons) (USD Million)
- 6.1.7 Healthcare & Pharmaceuticals
- 6.1.7.1 Oleochemicals Market Estimates & Forecasts, in Healthcare & Pharmaceuticals, 2018 - 2030 (Kilotons) (USD Million)
- 6.1.8 Polymer & Plastic Additives
- 6.1.8.1 Oleochemicals Market Estimates & Forecasts, in Polymer & Plastic Additives, 2018 - 2030 (Kilotons) (USD Million)
- 6.1.9 Other Applications
- 6.1.9.1 Oleochemicals Market Estimates & Forecasts, in Other Applications, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7 Global Oleochemicals Market: Regional Estimates & Trend Analysis
- 7.1 Oleochemicals Market: Regional Outlook
- 7.2 North America
- 7.2.1 North America Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.2 U.S.
- 7.2.2.1 Key Country Dynamics
- 7.2.2.2 U.S. Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.3 Canada
- 7.2.3.1 Key Country Dynamics
- 7.2.3.2 Canada Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.4 Mexico
- 7.2.4.1 Key Country Dynamics
- 7.2.4.2 Mexico Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3 Europe
- 7.3.1 Europe Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.2 Uk
- 7.3.2.1 Key Country Dynamics
- 7.3.2.2 Uk Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.3 Germany
- 7.3.3.1 Key Country Dynamics
- 7.3.3.2 Germany Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.4 France
- 7.3.4.1 Key Country Dynamics
- 7.3.4.2 France Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5 Italy
- 7.3.5.1 Key Country Dynamics
- 7.3.5.2 Italy Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.6 Spain
- 7.3.6.1 Key Country Dynamics
- 7.3.6.2 Spain Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.7 The Netherlands
- 7.3.7.1 Key Country Dynamics
- 7.3.7.2 The Netherlands Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.8 Russia
- 7.3.8.1 Key Country Dynamics
- 7.3.8.2 Russia Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.9 Switzerland
- 7.3.9.1 Key Country Dynamics
- 7.3.9.2 Switzerland Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.10 Poland
- 7.3.10.1 Key Country Dynamics
- 7.3.10.2 Poland Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.11 Sweden
- 7.3.11.1 Key Country Dynamics
- 7.3.11.2 Sweden Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.2 China
- 7.4.2.1 Key Country Dynamics
- 7.4.2.2 China Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.3 India
- 7.4.3.1 Key Country Dynamics
- 7.4.3.2 India Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4 Japan
- 7.4.4.1 Key Country Dynamics
- 7.4.4.2 Japan Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5 South Korea
- 7.4.5.1 Key Country Dynamics
- 7.4.5.2 South Korea Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6 Australia
- 7.4.6.1 Key Country Dynamics
- 7.4.6.2 Australia Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.7 Malaysia
- 7.4.7.1 Key Country Dynamics
- 7.4.7.2 Malaysia Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.8 Indonesia
- 7.4.8.1 Key Country Dynamics
- 7.4.8.2 Indonesia Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.9 Singapore
- 7.4.9.1 Key Country Dynamics
- 7.4.9.2 Singapore Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.10 Taiwan
- 7.4.10.1 Key Country Dynamics
- 7.4.10.2 Taiwan Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.11 Thailand
- 7.4.11.1 Key Country Dynamics
- 7.4.11.2 Thailand Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5 Central & South America
- 7.5.1 Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.2 Brazil
- 7.5.2.1 Key Country Dynamics
- 7.5.2.2 Brazil Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.3 Argentina
- 7.5.3.1 Key Country Dynamics
- 7.5.3.2 Argentina Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6 Middle East & Africa
- 7.6.1 Middle East & Africa Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.2 South Africa
- 7.6.2.1 Key Country Dynamics
- 7.6.2.2 South Africa Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.3 Saudi Arabia
- 7.6.3.1 Key Country Dynamics
- 7.6.3.2 Saudi Arabia Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.4 Uae
- 7.6.4.1 Key Country Dynamics
- 7.6.4.2 Uae Oleochemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 8 Competitive Landscape
- 8.1 Recent Developments & Impact Analysis, By Key Market Participants
- 8.2 Company/Competition Categorization
- 8.2 Company Market Positioning
- 8.3 Company Heat Map Analysis
- 8.4 Strategy Mapping
- 8.4.1 Mergers & Acquisitions
- 8.4.2 Collaboration
- 8.4.3 New Product Launches
- 8.4.4 Expansions
- 8.5 Company Listing
- 8.5.1 Vantage Specialty Chemicals, Inc.
- 8.5.1.1 Participant's Overview
- 8.5.1.2 Financial Performance
- 8.5.1.3 Product Benchmarking
- 8.5.2 Emery Oleochemicals
- 8.5.2.1 Participant's Overview
- 8.5.2.2 Financial Performance
- 8.5.2.3 Product Benchmarking
- 8.5.3 Evonik Industries AG
- 8.5.3.1 Participant's Overview
- 8.5.3.2 Financial Performance
- 8.5.3.3 Product Benchmarking
- 8.5.4 Wilmar International Ltd.
- 8.5.4.1 Participant's Overview
- 8.5.4.2 Financial Performance
- 8.5.4.3 Product Benchmarking
- 8.5.5 Kao Chemicals Global
- 8.5.5.1 Participant's Overview
- 8.5.5.2 Financial Performance
- 8.5.5.3 Product Benchmarking
- 8.5.6 Ecogreen Oleochemicals
- 8.5.6.1 Participant's Overview
- 8.5.6.2 Financial Performance
- 8.5.6.3 Product Benchmarking
- 8.5.7 Corbion N.V.
- 8.5.7.1 Participant's Overview
- 8.5.7.2 Financial Performance
- 8.5.7.3 Product Benchmarking
- 8.5.8 Cargill, Incorporated
- 8.5.8.1 Participant's Overview
- 8.5.8.2 Financial Performance
- 8.5.8.3 Product Benchmarking
- 8.5.9 Oleon NV
- 8.5.9.1 Participant's Overview
- 8.5.9.2 Financial Performance
- 8.5.9.3 Product Benchmarking
- 8.5.10 Godrej Industries
- 8.5.10.1 Participant's Overview
- 8.5.10.2 Financial Performance
- 8.5.10.3 Product Benchmarking
- 8.5.11 IOI Corporation Berhad
- 8.5.11.1 Participant's Overview
- 8.5.11.2 Financial Performance
- 8.5.11.3 Product Benchmarking
- 8.5.12 KLK OLEO
- 8.5.12.1 Participant's Overview
- 8.5.12.2 Financial Performance
- 8.5.12.3 Product Benchmarking
- 8.5.13 Evyap
- 8.5.13.1 Participant's Overview
- 8.5.13.2 Financial Performance
- 8.5.13.3 Product Benchmarking
- 8.5.14 JNJ Oleochemicals, Incorporated
- 8.5.14.1 Participant's Overview
- 8.5.14.2 Financial Performance
- 8.5.14.3 Product Benchmarking
- 8.5.15 Sakamoto Yakuhin kogyo Co., Ltd.
- 8.5.15.1 Participant's Overview
- 8.5.15.2 Financial Performance
- 8.5.15.3 Product Benchmarking
- 8.5.16 Stepan Company
- 8.5.16.1 Participant's Overview
- 8.5.16.2 Financial Performance
- 8.5.16.3 Product Benchmarking
- 8.5.17 Pepmaco Manufacturing Corporation
- 8.5.17.1 Participant's Overview
- 8.5.17.2 Financial Performance
- 8.5.17.3 Product Benchmarking
- 8.5.18 Philippine International Dev.
- 8.5.18.1 Participant's Overview
- 8.5.18.2 Financial Performance
- 8.5.18.3 Product Benchmarking