Global Oleochemicals Market | Autumn Market Research

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Global Oleochemicals Market
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Summary

• Global Oleochemicals Market 2018 - 2024
  estimates that the global oleochemicals market
  will reach 35.7 billion by 2024, growing at a
  CAGR of 6.2 over the forecast period
  (2019-2024). The market is driven by advantages
  offered by oleochemicals over petrochemicals such
  as their production through renewable resources
  and higher biodegradability, unlike latter which
  is obtained from polluting, non-renewable and
  exhaustible petroleum, especially as lubricants,
  polymers, and surfactants.

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Global Oleochemicals Market

• Autumn new market research report Global
  Oleochemicals Market 2018 - 2024 estimates that
  the global oleochemicals market will reach 35.7
  billion by 2024, growing at a CAGR of 6.2 over
  the forecast period (2019-2024). The market is
  driven by advantages offered by oleochemicals
  over petrochemicals such as their production
  through renewable resources and higher
  biodegradability, unlike latter which is obtained
  from polluting, non-renewable and exhaustible
  petroleum, especially as lubricants, polymers,
  and surfactants.
•  
• Oleochemicals are chemical compounds that are
  derived from the hydrolysis or methylation of
  fats and oils of both plants and animals.
  Vegetable oils and animal oils and fats such as
  soybeans, palm kernels, cotton seeds, copra,
  groundnuts, sunflower seeds, rapeseeds, linseeds,
  castor beans, tallow and other animals, fish
  oils, and lard are used as the raw materials to
  produce oleochemicals.
•  
• Oleochemicals are considered organic, green,
  safe, renewable and biodegradable, which is
  driving their usage as a constituent in various
  commercial products. At present, oleochemicals
  are used in the production process of several
  products such as personal care and
  pharmaceuticals products, lubricants and greases,
  soaps and detergents, surface coatings and
  polymers, and biofuels.

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Global Oleochemicals Market

• Recent Developments
• In January 2019, Shell announced that the company
  would be shutting down its synthetic fatty
  alcohol unit at Stanlow in the UK following a
  fire in its higher olefins plant last year.
• In September 2015, Archer Daniels Midland Company
  and Wilmar International Limited announced that
  they have come to an agreement whereby Olenex,
  their partnership to market oils and fats in
  Europe, will become a full-function joint venture
  with its own assets. The joint venture is
  expected to not only meet customer demand for a
  single, integrated supplier for oils and fats
  products, but will also support Archer Daniels
  Midland Companys strategic goal of strengthening
  its European oils business for food products.

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Global Oleochemicals Market

• Asia-Pacific, the Dominant Regional Market
• Asia-Pacific region accounted for the dominant
  share of about 60 of the global oleochemicals
  market value in 2018. It is also expected to be
  the fastest growing market over the forecast
  period due to easy availability of raw material
  particularly in economies of Malaysia, Indonesia,
  and China. The intermediates produced using
  oleochemicals are utilized across a wide range of
  end-use industries in the region.
• The raw materials used in the production of
  oleochemicals in the developed economies are
  primarily skewed towards soya, corn, sunflower,
  rapeseed, tallow, and lard. However, animal fats
  are used as the primary raw material in the
  production of oleochemicals in the European
  region. In developing economies, especially in
  Asia, vendors are primarily dependent upon the
  tropical oils as a primary source of raw
  materials.

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Global Oleochemicals Market

• Soaps and Detergents to Account for Majority of
  Market Demand for Oleochemicals
• Until the 1990s, oleochemicals were primarily
  used in food applications, with only a fraction
  of overall production used for non-food
  applications. However, since the 1990s, their
  applications have been expanded to other non-food
  and technical applications.
•  
• Soaps and detergents segment accounted for the
  highest usage of oleochemicals in 2018,
  accounting for about 43 share of the
  oleochemicals market size, in terms of volume.
  Oleochemicals are widely used in soap and
  detergents with various industrial and domestic
  applications as well as in specialty surfactants.
  Palm kernel oil is primarily used in the
  production of detergents.

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Global Oleochemicals Market

• Global Oleochemicals Market - Key Players
• AkzoNobel, Archer Daniels Midland Co., Eastman
  Chemical Co., Evonik Industries AG, Kao Corp.,
  Kuala Lumpur Kepong Berhad, LANXESS AG, and
  Arkema Group are some of the prominent market
  players included in this report.
• Global Oleochemicals Market Segmentation
• By product types Fatty Acids, Fatty Alcohols,
  Glycerol, Fatty Amines, and Fatty Methyl Esters.
• Applications in various end-use industries
  Personal Care and Pharmaceuticals, Lubricants and
  Greases, Soaps and Detergents, Intermediates,
  Polymers, Food and Beverages, and Others.
• By regions North America, Europe, Asia-Pacific,
  South America, and ROW.

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Global Oleochemicals Market

• Intended Audience for Oleochemicals Industry
  Report
• Oleochemicals manufacturers
• Potential investors
• Oleochemical distributors and traders
• Regional and Global Associations
• Raw material suppliers
• Government and research institutions
• Global Oleochemical Market, Global Oleochemical
  Market Price, Global Oleochemical Market Size,
  Global Oleochemical Market Share, Global
  Oleochemical Market Trends, Global Oleochemical
  Market Report

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