The Brazilian and Mexican oleochemicals market is projected to grow at an average annual rate of 5.2% between 2018 and 2025, reaching $ 782.3 million by 2025. In 2017, Brazil and Mexico accounted for more than 48% of the oleochemicals market.

Oleochemicals are derived from bio-based resources such as animal fats and vegetable oils and provide a sustainable, high-performance alternative to petrochemicals. They are used in the production of solvents, lubricants, biodiesel and bioplastics. As crude oil prices rise, manufacturers prefer to convert petrochemicals to plant chemicals. It is a plant-based source and an economic source. Moreover, because oleochemicals are biodegradable, environmentally friendly and low toxic, they are widely used in a variety of applications such as pharmaceuticals, food and beverages, soaps and detergents.

Demand for biocompatible products and sustainable solutions is increasing and the demand for oleochemicals is increasing due to the implementation of government regulations on the use of environmentally friendly products. In addition, several new applications of oleochemicals, such as biopolymers, bio-surfactants and biological lubricants, are expected to provide profitable growth opportunities in the Brazilian and Mexican oleochemicals markets by emerging as a replacement for petroleum-based products. However, fluctuations in commodity prices inhibit market growth.

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The companies profiled in this report are
• IOI Group
• BRAIDO
• EMERY OLEOCHEMICALS
• Musim Mas Holdings Pte. Ltd
• Baerlocher GmbH
• CREMER OLEO GmbH & Co. KG
• MATERIA HNOS S.A.C.I.F
• Wilmar International Ltd
• QUIMIC
• Godrej.

On the basis of type, the market is segmented into fatty acid, fatty alcohol, glycerol, and others. In terms of both value and volume, the fatty acid segment dominated the Brazil and Mexico oleochemicals market in 2017, owing to their increase in application in soap and detergent industries.
By application, the market is segmented into pharmaceutical, cosmetics & personal care, food & beverage, soaps & detergent, and animal feed. In Brazil, the home care segment, which includes soaps and detergents, dominated the market in 2017. However, the personal care & cosmetics segment is projected to be the most attractive market during the forecast period.

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Key Findings of the Brazil and Mexico Oleochemicals Market:
• The fatty acid segment in the Brazilian oleochemicals market was the highest revenue generator in 2017.
• The Mexican fatty alcohol segment is projected to be the most lucrative market during the forecast period.
• The home care segment, which includes soaps and detergents, dominated the market in 2017.
• In terms of volume, the fatty acid segment generated the maximum revenue for the Brazil and Mexico oleochemicals market in 2017.
• Brazil accounted for more than 70% of the market in 2017.

The Brazil and Mexico fatty acid market is predicted to witness major growth, owing to increase in demand from the soap and detergent industry. Moreover, fatty acids have a broad range of applications in several industries, such as varnishes, detergents, paints, textile chemicals, insecticides, synthetic rubber formulations, and rubber compounding, which fuel the demand for oleochemicals in the Brazil and Mexico market. Furthermore, the market for fatty acids has been experiencing growth in both the Brazil and Mexico regions, owing to increase in consumption of fatty alcohols in surfactant-based industries, such as cosmetics, soaps, and detergents, and personal care products. This high consumption for fatty acids by various end-user industries has further elevated the demand for oleochemicals.

The major application of oleochemicals has been making soaps and detergents. Lauric acid, which is used to produce sodium lauryl sulfate and compounds, is utilized to make soaps and detergents. Detergent surfactants are a better liquid-form solution used for the cleaning purpose. The surfactants used in detergents are made up of oleo chemicals, sulfurtrioxide, sulfuric acid, and petrochemical solutions. Rise in healthcare awareness boosts the demand for soaps and detergents, as essential sanitizing products. As a result, the demand for oleochemicals is predicted to increase, thereby supplementing the growth of the market.

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