According to the recent study the oleochemical market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 7% to 9% from 2023 to 2028. Growth in this market is primarily driven by surge in demand for green chemicals, high demand from end-use industries, and easy availability of raw materials.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in oleochemical market by product type (fatty acids, fatty alcohols, methyl ester, glycerol, and others), application (pharmaceuticals, personal care & cosmetics, food & beverages, soap & detergents, polymers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Fatty acid market is expected to remain the largest segment during the forecast period.”
Based on product type, the oleochemical market is segmented into fatty acids, fatty alcohols, methyl ester, glycerol, and others. Lucintel forecasts that the fatty acid market is expected to remain the largest segment due to increase in demand from pharmaceutical & personal care products manufacturers to use oleochemical in the form of fatty acids for manufacturing of soaps and detergents, lubricants, surfactants and pharmaceuticals.
“Within the oleochemical market, the pharmaceuticals segment is expected to remain the largest application”
Based on application the pharmaceuticals segment is expected to witness the highest growth over the forecast period due to increasing demand for pharmaceuticals drugs across the globe.
“Asia pacific will dominate the oleochemical market in near future”
APAC will remain the largest region due to the increased demand for sustainable plastics in various end-user industries, which, in turn, has driven the demand for raw materials, such as fatty acids and other bio-based polymers.
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Major players of oleochemical market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Emery Oleochemical, Wilmar International, Oleon, KLK Oleo, Musim Mas Group, Croda International, IOI Group, Procter & Gamble, Twin River Technologies, and Chemical Associates are among the major oleochemical providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/oleochemical-market.aspx or [email protected]