Fior Markets launched a study titled “Global Oleochemicals Market by Type (Fatty Acid, Fatty Alcohol, Glycerine, Others), Application (Food and Beverages, Polymers, Others), Regions”,and Global Forecast 2018-2025.
The global Oleochemicals market is expected to grow from USD 22.76 Billion in 2017 to USD 35.76 Billion by 2025 at a CAGR of 5.81% during the forecast period from 2018-2025. Increasing awareness pertaining to the harmful effects of chemical and synthetic materials is driving the consumer demand for eco-friendly bio based products thus boosting the global oleochemicals market.
DOWNLOAD FREE SAMPLE REPORT:https://www.fiormarkets.com/report-detail/376002/request-sample
Fatty acid segment accounted for USD 13.30 billion revenue in 2017
Type segment is divided into fatty acids, fatty alcohol, glycerine and others. Widespread utilization of fatty acids for the manufacturing of day to day personal care and household products such as surfactants, skincare lotions soaps and detergents has led to fatty acids segment dominate the market with USD 13.30 billion revenue in 2017. Glycerine segment is projected to grow at the highest pace among all segments at a CAGR of 7.54% over the forecast period owing to increasing demand for glycerine derivatives for the production of confectioneries, bakery, and protein drinks.
Food and Beverages segment is anticipated to grow at a CAGR of 8.06% in 2018-2025
Application segment is categorized into personal care, pharmaceuticals, soap and detergents, food and beverages, polymers and others. Increasing consumer preference for natural products and rise in awareness about ill effects of synthetic chemical products has propelled the food and beverages segment to grow at the highest CAGR of 8.06% over the forecast period. Soap and detergents segment accounted for 42.17% of total global oleochemicals volume in 2017.
Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific being the largest producer of oleochemicals and being a home to the largest population among all regions has led it to become a captive market for consumption of personal care products such as detergents, soaps, lotions thus generating huge demand for oleochemicals. North America is also projected to contribute a handsome market share over the forecast period due to the rising demand for natural ecofriendly products. Europe is also projected to grow at a robust pace owing to increased demand for biofuels due to imposition of EURO 6 emission norms.
Key players in the global oleochemicals market include SABIC, BASF SE, Cargill, Inc., Akzo Nobel N.V., TerraVia Holdings Inc., Wilmar International Ltd., Evonik Industries AG, Emery Oleochemicals Sdn Bhd, Evyap, Godrej Industries Ltd., Ecogreen Oleochemicals Pvt Ltd, Genomatica, Myriant, Amyris, Solazyme, Goldschmidt, Kao Chemicals, Oleon and others.