Market Overview:
Oleo Chemicals are substitute compounds for synthetic compounds produced from petrochemicals. These are naturally obtained chemicals and generally derived from animal fats and natural oils from plants. The larger amounts of these oils and fats are synthesized by various chemical reaction into basic fatty compounds, important for use in the soaps & detergents, pharmaceuticals and oil-based industries. The important reactions are saponification, hydrolysis, polymerization, inter-esterification and hydrogenation. Oleo Chemicals are starting to replace crude oil derived products in various applications such as soaps and detergents, raw material for many intermediate compounds like alcohol ethoxylates, alcohol sulfates, acyl glycerol and ammonium salts; lubricants and vulcanized rubber.
As per our Analysis, some of the prominent market factors and trends identified in the Global Oleo Chemicals Market include rapid use of soaps & detergent products owing to supplement the expanding global population, rising demand for oleo chemicals in food & beverage industry, and demand for cosmetic products due to increased consumer spending in developed economies of Europe and North America. Moreover, demand for oleo chemicals is predicted to witness a significant growth over the assessment period due to the demand for lubricants in the automobile industry. Rising pharmaceutical production across the globe is anticipated to be an important driver for Oleo Chemicals Market during the review period. Increasing automobile production and sales along with rising consumption of lubricants is estimated to fuel the growth of the market.
Furthermore, rapid urbanization coupled with increasing disposable income in the emerging economies is predicted to propel the growth of the Oleo Chemicals Market during the assessment period, 2017 to 2023. Furthermore, due to its green image, constant growth of raw material, minor toxicity and better dermatological compatibility is anticipated to drive the market.

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Global Competitors:
Some of the prominent players operating in the Global Oleo chemicals Market are, BASF SE (Germany), Wilmar International Ltd. (Singapore), Procter & Gamble (U.S.), Eastman Chemical Comp. (U.S.), Cargill Incorporated (U.S.), Evonik Industries AG (Germany), Godrej Industries Ltd. (India), PTT Global Chemical Public Company Limited (Thailand), Arizona Chemical Comp. LLC (U.S.), and Emery Oleo chemicals (U.S.) among others.

Market Segmentation:
The Global Oleo Chemicals Market is categorized on the basis of type, application, and region.
On the basis of type, the market is bifurcated into fatty acids, fatty alcohols, methyl ester, glycerol and others.
On the basis of application, the oleo chemicals market is categorized into soaps & detergents, intermediates, plastics, coatings, lubricants, rubber, personal care, and others.
On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Regional Analysis:
Geographically, Oleo Chemicals Market is segmented across Five Regions in the world namely:
• Asia Pacific,
• North America,
• Europe,
• Latin America,
• Middle East & Africa.
Asia Pacific has emerged as the leading market region for oleo chemicals followed by North America and Europe. Asia Pacific oleo chemicals market is predicted to grow with the moderate CAGR due to increasing incorporation into end use industries such as food & beverages and soaps & detergents. Moreover, continuous growth of automotive sector in various economies of Asia Pacific such as China, India, Malaysia, Thailand, and Japan is expected to raise the demand for lubricants which in turn is predicted to fuel the demand for oleo chemicals over the forecast period, 2017 to 2023.
North American Oleo Chemicals Market is predicted to witness a tremendous growth on account of high consumption potential, increasing production capacities, and rising economic growth rate. In North American region, the U.S. is predicted to be the major contributor in the regional growth of Oleo Chemicals Market and is expected to see a significant demand for Oleo Chemicals during the forecast period, 2017 to 2023. As of 2016, the U.S accounted for the largest market share and is followed by Canada in terms of value & volume and is estimated to grow with the moderate CAGR on account of growth in the production of crude oil.
In Europe, the demand for Oleo Chemicals is predicted to grow in various countries such as Italy, Germany, Spain, U.K, France, and Russia on account of increasing expenditure in innovation and growing purchasing power of consumers. Moreover, presence of major automobile manufacturers specifically in Germany is expected to give a new impetus to the market growth.
Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness substantial growth owing to increasing consumer spending on passenger cars as well as involvement of new technologies and inventions in oleo chemicals.

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