Oleochemicals Market : Revenue, Share and Forecast To 2026


Posted April 18, 2019 by MarketReseach

The global oleochemicals market is expected to reach more than USD 38.61 billion by 2026 with a CAGR of 5.9% during the forecast period as per a new study released by Polaris Market Research.

 
New York City, 18 April 2019: The global oleochemicals market is expected to reach more than USD 38.61 billion by 2026 with a CAGR of 5.9% during the forecast period as per a new study released by Polaris Market Research. The report “Oleochemicals Market [By Product Type (Fatty Alcohol, Glycerin, Fatty Acid and Others); By Application (Food & Beverage, Personal Care, Detergents & Soaps, Polymers and Others); By Regions]: Market size & Forecast, 2017 – 2026”. provides an extensive analysis of present market dynamics and predicted future trends

The growth in the demand for natural derived products of food and beverage, pharmaceutical industries, chemicals are the main drivers to drive oleochemicals market.

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Oleochemicals can be defined as various types of chemical products which are derivatives from vegetable triglycerides or animals, they include elements that are of petrochemical product origin. The basic oleochemicals are fatty acids, fatty alcohols, glycerin and methyl esters. Many companies are investing in research and development to innovate new formulations. Many countries are taking active part in developing new formulations that can help to cater to specific requirement from the end user industries. The companies are shifting their focus on the usage of bio-diesel. Due to the stringent rules and regulations in chemical industry, there has been rise in oil prices, this will further decrease the demand for the chemicals. There is also significant shift in the usage towards shale gas. Even though there are many challenges in the market, there is always an advantage of oleochemicals over petrochemicals. Therefore, there will be increase in demand for oleochemicals in the near future.

The consumer has shifted their focus on having healthy and nutritional food which are derived from natural origin. These is one of the main factors to increase the demand for oleochemicals market. The industry is volatile in making profit through depleting fossil fuels and this will be led for more opportunities in the usage of bio diesel. Hence, with all these advantages demand for these products are estimated to increase in the next few years.

Browse Research Report On “Global oleochemicals Market” :
https://www.polarismarketresearch.com/industry-analysis/oleochemicals-market

Asia-Pacific is one of the largest markets for oleochemicals. Increase in the production for palm kernel and palm oil is the driving factor to increase the demand for oleochemical in Asia-Pacific region. There is a rapid increase in the production of palm along with developing integration of raw materials. This has become the main reason for the reorganization in global oleochemical market. The key players in the industry are planning for many production facilities in Europe and U.S.

The key market players in the oleochemicals market are, Ecogreen Oleochemicals, SABIC, Evyap, China Sanjiang Fine Chemicals, Godrej Industries, Archer Daniels Midland, Emery Oleochemicals, Vantage Specialty Chemicals, Evonik Industries, BASF, Wilmar International, Kao Chemicals, Alnor Oil Co, Isosciences LLC, Vegetable Vitamin Foods Company, Kuala Lumpur KepongBerhad, Eastman Chemical Company, AkzoNobel, PTT Global Chemical Public Company Limited.

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Polaris Market Research has segmented the global oleochemicals market on the basis of product type, application, consumables and region:

Oleochemicals Product Type Outlook (Market Revenue in USD Billion, 2015 – 2026)

· Fatty Alcohol

· Glycerin

· Fatty Acid

· Others

Oleochemicals Applications Outlook (Market Revenue in USD Billion, 2015 – 2026)

· Food & Beverage

· Personal Care

· Detergents & Soaps

· Polymers

· Others

Oleochemicals Regional Outlook (Market Revenue in USD Billion, 2015 – 2026)

· North America

o U.S.

o Canada

· Europe

o Germany

o UK

o France

o Italy

· Asia Pacific

o China

o India

o Japan

o Australia

· Latin America

o Brazil

o Mexico

· Middle East & Africa

o UAE

o Saudi Arabia

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base in a wide range of industries including healthcare, technology, semi-conductors and chemicals. We strive to provide our clients with updated information on innovative technologies, high growth markets, emerging business environments and the latest business-centric applications, thereby helping them to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of SMEs, analysts and consultants,

Web: https://www.polarismarketresearch.com/
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Issued By KDM
Country India
Categories Miscellaneous
Tags oleochemicals market , oleochemicals market share , oleochemicals market size
Last Updated April 18, 2019