Global Specialty Oleochemicals Market: Industry Analysis And Forecast (2020-2026)

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Global Specialty Oleochemicals Market: Industry Analysis and Forecast (2020-2026)

Global Specialty Oleochemicals Market size was valued at US$ 9.3 billion in 2019 and the total revenue is expected to grow at 5.6% through 2020 to 2026, reaching nearly US$ XX Mn in the forecast period.

The global Specialty Oleochemicals Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Specialty Oleochemicals Market report also provides trends by market segments, technology, and investment with a competitive landscape.

Global Specialty Oleochemicals Market

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Global Specialty Oleochemicals Market Overview:

Specialty oleochemicals are plant-based feedstock like rapeseed oil, soybean oil, palm oil, and sunflower oil. Specialty oleochemicals are naturally occurring biodegradable compounds. Rising consumer demand for biosurfactants, biodegradable polymers, and lubricants have concluded in the surge intake of specialty oleochemicals.
Global Specialty Oleochemicals Market Dynamics:

The consumption of oleochemicals in the form of fatty acids, used for the production of soaps and detergents, surfactants, lubricants, varnishes, and pharmaceuticals is creating the demand for oleochemicals in the market. The market share of specialty oleochemical market size was valued at USD 19.8 billion in the base year 2019 and is anticipated to grow at a CAGR of 7.5% in the forecast period.

The oleochemical industry is recently focusing on economic and renewable feedstocks to produce oleochemicals with high biodegradability, low toxicity, and less environmental impact. Oleochemicals are produced from plant oils and are used for the production of cosmetics, lubricants, and other chemical products. The increasing demand for oleochemical production is predicted to rise oilseed production. Of the 105 million tonnes of fats and oils produced in the world, every year is about 80% is consumed for human food.

As the awareness regarding plastic and polymer biodegradability is pushing the key players to focus on innovations and development regarding bio-based alternatives. To sustain in the market the manufacturers are investing more into strategic partnerships and collaborations. This factor is responsible to increase the market penetrations and sustainable growth of the market in the forecast period.
Global Specialty Oleochemicals Market Segment Analysis:

By Type Specialty Ester, Fatty Acid Methyl Ester, Glycerol Ester, Alkoxylates, Fatty Amines, and Others. Specialty Easter is dominating the specialty oleochemical market due to its economic nature and wide application in industries like medical, food, packaging, construction, automotive, and paints & coatings.

Fatty Acid Methyl Ester is the second dominating is specialty oleochemical market. The market share of Fatty the Acid Methyl Ester was valued at USD 22.30 billion in the year 2017 and is expected to reach 25.34 billion at a CAGR of 5.9% in the forecast period. Various types of fatty acid methyl ester are rapeseed methyl ester, soy methyl ester, palm oil methyl ester, and others. The fatty acid methyl ester is employed in various industries and applications like fuel, lubricant, coating, metalworking fluids, and food and agriculture. The fatty acid methyl ester is formed by transesterification of methanol and fats from vegetable oils, waste cooking oil, and animal fats.

Global Specialty Oleochemicals Market

By Application: Personal Care & Cosmetics, Food Processing, Consumer Goods, Health & Pharmaceuticals, Polymer & Plastic Additives, Textile, Paints & Coatings, and Others. Personal care and cosmetic sub-segment are dominating the specialty oleochemical market as the demand for cosmetics has taken over due to organic and anti-aging products responsible to maintain the physic and appearance of the individual. The market share of the cosmetic industry was valued at 378.3 billion in 2019 and is estimated to grow at a CAGR of 5.6% in the forecast period.

Personal Care products and cosmetics are generally creating wider opportunities for the end-users to invest in the market due to the wide range of personal care products and their applications globally and is the highest growing market globally after food and beverages. The organic and green nature of the oleochemicals is driving the market growth as they are derived from plants and natural fats and do not cause harm. The demand for sensitive skin products is fueling the inculcation of bio-specialty oleochemical products in the cosmetic industry.

Consumer goods are second dominating in the specialty oleochemical market as the demand for perfumes, house cleaners, detergent, shampoos, and soaps is boosting the market growth. As the use of oleochemicals in consumer goods has proven to be less toxic and no harmful effects shown to the human body and manufactured by the naturally occurring raw materials is expected to proliferate the market growth of specialty oleochemicals in near future.

Global Specialty Oleochemicals Market
Global Specialty Oleochemicals Market Regional Insights:

Specialty Oleochemicals Market Regional Insights is segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.
The Asia Pacific is dominating the specialty oleochemical market. The dominating countries of Asia Pacific in the specialty oleochemical market are Indonesia and Malaysia. As the leading countries are chief manufactures of raw materials and the major raw material is palm oil and palm kernel oil coupled with huge consumption in the regional area. Additionally, Asia Pacific is dominating in end-user industries as well and is likely to grow in the forecast period.

Europe is second dominating in the specialty oleochemical market due to favorable government policies and regulatory guidelines imposed by the regional authorities and is further expected to boost the market growth of the specialty oleochemical market in near future.

Global Specialty Oleochemicals Market

The objective of the report is to present a comprehensive analysis of the global Specialty Oleochemicals Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Specialty Oleochemicals Market dynamics, structure by analyzing the market segments and project the global Specialty Oleochemicals Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the global Specialty Oleochemicals Market make the report investor’s guide.

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Global Specialty Oleochemicals Market Scope: Inquire before buying

Global Specialty Oleochemicals Market
Global Specialty Oleochemicals Market, by Region

• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
Global Specialty Oleochemicals Market Key Players

• MERY Oleochemicals
• Alnor Oil Company
• KLK OLEO
• PT. Ecogreen Oleochemicals
• H.I.G. Capital
• LLC
• IOI Corporation Berhad
• Oleon NV.
• Vegetables Vitamins Foods Company
• Evonik Industries
• Kao Corporation
• Vantage Specialty Chemicals and Wilmar International Ltd.

 

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