About Oleochemicals Market: The Global Oleochemicals Market is set to witness significant growth during the forecast period of 2017 to 2023 according to the latest research report by Market Research Future. These naturally obtained chemicals are analogous to petroleum-derived chemicals and oils and have a wide range of applications as raw materials in the development of personal care products such as soaps and detergents.
The increasing demand for soaps and shampoos and the diversification of these items has played an important role in driving growth for the global oleochemicals market. Glycerin, a derivative of oleochemicals is used commonly for its sweetness and humectant properties, while other derivatives are used as food additives for regulation of flavor and texture. Use of oleochemicals as a raw material to derive various useful materials in the formulation of various products has been vital in the expansion of the market.
Latest Industry News:
• Inventure Renewables has successfully implemented its Mixed Super Critical Fluid technology at a Wilmar International processing plant in China where the technology is being used to produce fatty acid methyl esters for oleochemicals.
• Volkswagen's I.D.R electric racecar has tackled a challenging track while using glycerol as biodiesel to fuel the car.
Regional Analysis: The Global Oleochemicals Market consists of five regions across the world: North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Among these, The Asia-Pacific leads the market and is expected to witness the highest CAGR during the review period due to the abundance of raw materials in the region. Moreover, the region is rapidly urbanizing and includes several emerging economies which are driving sales and demand for automotive, food & beverages and other products manufactured by end-use industries.
Market Segmentation: The Global Oleochemicals Market is segmented on the basis of application, type, and region. On the basis of type, the market is bifurcated into fatty acids, fatty alcohols, methyl ester, and glycerol. On the basis of application, the Oleochemicals market is categorized into soaps & detergents, intermediates, plastics, coatings, lubricants, rubber, personal care. On the basis of region, the market is categorized into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Key Global Competitors: Some of the key players operating in the Global Oleochemicals Market are, Cargill, Incorporated (U.S.), Procter & Gamble (U.S.), Eastman Chemical Company (U.S.), BASF SE (Germany), Willmar International Ltd. (Singapore), Evonik Industries AG (Germany), Godrej Industries Ltd. (India), PTT Global Chemical Public Company Limited (Thailand), Emery Oleochemicals (U.S.), and Arizona Chemical Company, LLC (U.S.)
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