According to a new report by EMR titled, ‘Global Oleochemicals Market Report and Forecast 2020-2025’, the global oleochemicals market is being driven by the growing global fatty alcohols market, which attained a production volume of nearly 3.6 million metric tons in 2019.

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Competitive Landscape & Supplier Analysis:

BASF SE
Wilmar International Limited (SGX: F34)
Kuala Lumpur Kepong Berhad (“KLK”)
IOI Corporation Bhd (KLSE: IOICORP)
Kao Corporation
Ecogreen Oleochemicals Pte. Ltd
Musim Mas Holdings Pte. Ltd
Others
The global oleochemicals market is being driven by the growing fatty alcohol and fatty acids markets. The Asia Pacific leads the global oleochemicals market, accounting for over 40% of the total global production. Further, with the rising concern regarding the environment, the demand for natural oleochemicals, which are derived from natural oils, is increasing, thus, impacting the market positively. As the oleochemical products are mainly derived from naturally occurring fats and oils from organic sources like palm oil, their demand has increased globally. The oleochemical products are versatile and can be used in a wide variety of applications, including in the production of detergents, shampoos, soaps, cosmetics, pharmaceutical products, food additives, plastics, and others. Thus, the growth of the oleochemicals market is being supported by the demand from major consumer goods companies like Unilever (NYSE: UL) and the Procter and Gamble Company (NYSE: PG).

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Within Asia, Malaysia currently has 19 oleochemical plants, which produced approximately 2.7 million tonnes of oleochemicals in 2018. IOI Oleochemical (MYX: 196), a Malaysia-based company, is one of the world’s largest oleochemical producers of fatty acids, glycerine, soap noodles, fatty esters, and specialty downstream oleochemical derivatives. The company manufactures and sells the said products to more than 60 countries, including Japan, China, and Europe. The Malaysia oleochemical market receives an uninterrupted supply of palm oil and palm kernel oil due to its favourable geographical location. Malaysia is the second-largest palm oil producer behind Indonesia, which is driving the growth of the oleochemical industry in the region, further aiding the global market for the product.

Market Breakup by Types:

Fatty Acid
Fatty Alcohol
Others

The various types of oleochemicals are fatty acid, fatty alcohol, and others.

Market Breakup by Applications:

Soap & Detergent
Intermediate Plastic
Coating & Resin
Lubricants & Grease
Paper
Rubber
Personal care
Others

Oleochemicals find applications in the production of soap and detergent, intermediate plastic, coating and resin, paper, rubber, personal care, lubricants and grease, and others.

Market Breakup by Regions:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Region-wise, the global oleochemicals market can be divided into North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Key Findings of the Report:

The growing demand for personal care and packaged food products is aiding the global oleochemicals market.
With the increase in the demand for environment-friendly products, the demand for natural oleochemicals has also witnessed a rapid growth, thus, aiding the global industry growth.
The growing food and beverage and pharmaceuticals sector is further impacting the oleochemicals industry positively.
The growth in palm yields will probably promote the growth of global oleochemicals industry as palm kernel oil is the most preferred feedstock for producing natural oleochemicals.

Key Offerings of the Report:

The EMR report gives a detailed insight into the types, applications, and regional markets of oleochemicals for the periods (2015-2019) and (2020-2025).
The report provides the regional historical (2015-2019) and forecast (2020-2025) price trends of the types of oleochemicals.
The global trade data analysis has also been provided in the report by EMR, which assesses the value and volume of the major exporting and importing countries.
The report also offers a thorough overview of the feedstock market for the 2015-2019) and (2020-2025) periods.

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