The global Oleochemicals Market was valued at $21.76Billion in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $36.7 Billion.
Oleochemical is a compound which is obtained from animal & plants oils or fat it refers to the glycerol & fatty acids from the splitting of the triglycerides structure of fat or oil, it can be obtained through the process of the chemical reaction of fatty acid by modification of carboxylic acid group. Benefits of oleochemicals are that it doesn’t induce the threat of environmental pollution, it is readily biodegradable, it is renewable Formation of oleochemical compounds are from chemical & enzymatic compounds.
Raw material required for manufacturing of oleochemicals are crude palm Kernel oil/coconut oil, Rbd palm stearin, Rbd palm oil & Tallow. The oils are produced through a process of hydrolysis or Trans-Esterification through this process it produces fatty acids & Glycerin.
“Optimal Price Point (OPP) for Oleochemicals”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Oleochemicals are available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Oleochemicals “by Product Categories”
We have segmented the oleochemicals based on product categories as Fatty Acid, Glycerol, and Fatty Alcohol. The fatty acid is a carboxylic acid with a long hydrocarbon chain attached, a fatty acid contains a hydrophobic hydrocarbon chain with a terminal carboxyl group, fatty acids affects many aspects of health their functions are to improving immunity, brain health, cell formation. Glycerol or glycerin is a liquid which is sweet in taste & odorless it is easily soluble in water it is slightly denser than water it is useful as a humectant in cosmetics &food, retaining water,& preventing the substance from drying out. Fatty alcohol is used in the production of surfactants & detergents & used for manufacturing of adhesives &foods, inks, cosmetics, lubricants, plasticizers, solvents.
We have segmented the oleochemicals market based on Applications are Soap & Detergents, Intermediates, Plastics, Rubber, Paper, Lubricant & Greases, Personal Care. Oleochemicals are a common material which is used in the production of household care items such as fabric cleaner &softener, surface cleaners & many intermediates. Increasing use of oleochemicals in soap, detergents, food & beverage industries & increase demand from end-use customers driving the markets.
Asia Pacific accounted for the maximum revenue share of over xx% in 2017 due to increased demand of Oleochemicals followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2025.
The key regions analyzed in the study include Asia Pacific, Europe, North America, Latin America and the Middle East and Africa. In 2017, Asia Pacific held the largest share for oleochemicals market due to the demand for Manufacturing of soaps, beauty products, medicine, detergent,& various oil products. The Asia Pacific is expected to have the highest growth due to China & this would be followed by Europe.
The rapid growth of pharmaceutical &cosmetics industry with increasing populations generates a demand for Oleochemicals. We are observing that an Oleochemicals is a good option as it can create a good impact on market growth.
“Competitive Landscape” and“Merger & Acquisition Insights”
The key market participants include BASF, Dow Chemical, Sinopec, DU Pont, Royal Dutch, Sabic, Exxon Mobil, Incos Group are few major players in Oleochemicalsmarkets. The market for Oleochemicals is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Oleochemicals Market by-product Categories (Revenue, Million, 2014 – 2025)
- Fatty Acid
- Fatty Alcohol
Oleochemicals Market by Application (Revenue, Million, 2014 – 2025)
- Soap & Detergents
- Lubricant & Greases
- Personal Care
Oleochemicals Market Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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