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Oleochemicals Market Wc20058

Oleochemicals Market by Type (Fatty Acids, Fatty Alcohol, Methyl Ester, Glycerol, and Others), Application (Pharmaceuticals, Personal care & Cosmetics, Food & Beverages, Soap & Detergents, Polymers, and Others), By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2016-26

  • Published Date: April 2020
  • Report ID: BWC20058
  • Available Format: PDF
  • Page: 163

Report Overview

Global Oleochemicals Market size- Industry Trends & Forecast Report 2026

The global market of Oleochemicals Market has reached USD 21.4 Billion in 2019 and projected to reach USD 35.7 Billion by 2026 with a significant CAGR of 7.6% during the forecast period 2020-2026. Promising government policies regarding financial incentives and tax benefits for bio-based chemical producers are positively influencing the industry growth.

The biodegradability of oleochemicals has gained significant popularity specifically in the food industry where it is extensively used as emulsifiers in food products such as, cake, bread, confectionary, and others. The application development along with product innovation will offer potential opportunities for companies operating in the industry during the forecast period.

Global Oleochemicals Market: Overview

Oleochemicals are natural compounds derived from the hydrolysis of natural vegetable oil, such as sunflower, soybean, corn; and animal fats, including, rendered fats, tallow, lard and fish. Fatty acids, glycerine, methyl esters and fatty alcohols are the most common types of oleochemicals offered in the market. They are biodegradable, environment-friendly, exhibit low toxicity, and are rapidly replacing conventionally used petrochemicals. Additionally, oleochemicals find widespread application in the production of biodiesel, green solvents, bioplastics, while acting as an intermediary in the pharmaceutical, paint rubber, and lubricant industries.

Growth Drivers

Government regulations for the use of environmental friendly products

The regulations for environment safety are becoming more stringent and the non-renewable resources getting depleted, it has offered the opportunity for oleochemicals to enter the market and substitute the traditional petroleum based products that are being used currently. The government strategies as far as tax cuts and monetary motivators for bio-based concoction makers are positively affecting the market development. The application improvement along with item development is projected to open new doors of opportunity for organizations working in the market during the forecast period. Rising demand for biofuels, bio-lubricants, bio-polymers as well as consumer demand for environment-friendly bio-based products is driving the global oleochemicals market.

Consumer preference towards healthy and nutritious product

The shifting demand of consumers for healthy and nutritious foodstuffs derived entirely from natural origin is some of the macroeconomic factors that contributes to drive demand for these products. The industry has the unexpected potential for profit making due to depleting fossil fuels sources for oil and this scenario is anticipated to offer opportunities for higher usage of biodiesel. Therefore, due to these factors the demand for oleochemical industry is expected to increase over the forecast period.

Restraint

Volatile prices of bio-diesel

The growing demand for bio-diesel may cause an increase in biodiesel prices and is expected to directly impact the overall economics of the products that are made by using oleochemicals, which might act as a restrictive factor for the oleochemicals market.

Global Oleochemicals Market: Type

On the basis of its type, the market is segmented into Fatty Acids, Fatty Alcohol, Methyl Ester, Glycerol, and Others. The fatty alcohol segment has witnessed significant capacity additions over the past decade due to its increasing demand in soaps & detergents, lubricants, and personal care chemical industries.

Global Oleochemicals Market: Application

On the basis of its application, the market is segmented into Pharmaceuticals, Personal care & Cosmetics, Food & Beverages, Soap & Detergents, Polymers, and Others. Soaps and detergents segment is anticipated to account for the highest usage of oleochemicals in terms of volume. Oleochemicals are broadly used in soap and detergents with several industrial and domestic applications and in specialty surfactants. This contributes to the growth of the segment.


Global Oleochemicals Market: Regional Insights

On the basis of regional analysis, the global artificial intelligence in food and beverages market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The Asia-Pacific region is projected to be the fastest-growing region owing to the easy availability of required raw material and various development of newer applications for the product. Japan, China, and India are the key nations with a huge demand for oleochemicals.


Competitive Landscape

Oleochemicals market is fragmented owing to the presence of number of large-sized companies, mid-sized & small-sized companies, and many start-ups that provide oleochemicals industry. However, the companies that hold the majority share of oleochemicals market are AkzoNobel N.V.,  Evonik Industries, Kao Corporation, Emery Oleochemicals, Wilmar International, Kuala Lumpur Kepong Berhad, BASF SE, IOI Group Berhad, Evyap, Cargill, Ecogreen Oleochemicals, Vantage Specialty Chemicals, Chemrez Technologies, Inc., Genomatica, Godrej Industries, JNJ Oleochemicals Inc., Sakamoto Orient Chemicals Corporation(SOCC), Stepan Company, Pan Century Surfactants Inc., Pepmaco Manufacturing Corp., and other prominent players.

Recent Development

·         In June 2019, Genomatica had acquired certain assets of the REG Life Sciences division (REG LS) of Renewable Energy Group, Inc. (REGI). The acquisition had increased Genomatica’s ability to make long-chain chemicals from renewable feedstocks. These chemicals (Oleochemicals) are extensively used to make products such as cosmetics, polymers, solvents, fuels surfactants and food ingredients.

·         In January 2018, AkzoNobel N.V. expanded its production capacity and upgraded its organic peroxides facility in Mexico to meet the demand while positioning sustainable growth.

Scope of the Report

By Type

·         Fatty Acids

·         Fatty Alcohol

·         Methyl Ester

·         Glycerol

·         Others

By End-User

·         Pharmaceuticals

·         Personal care & Cosmetics

·         Food & Beverages

·         Soap & Detergents

·         Polymers

·         Others

By Region:  

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

The objective of the Study:

·         To analyze and forecast the global Oleochemicals Market size of the market in terms of value.

·         To examine the careful market segmentation and forecast the market size, in terms of value, based on the region by segmenting.

·         The Global Oleochemicals Market segmented into five regions, namely, North America, Europe, Asia Pacific, Latin America and Middle East & Africa coupled with their leading countries.

·         To outline, categorized, and forecast the global Oleochemicals Market based on the Type, and end-user coupled with the region.

·         To examine competitive developments like technological advancement, services, and regulative framework within the global Oleochemicals Market.

·         To highlight the impact analysis of the factors affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

·         To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

 

Attribute

Details

Years Considered

Historical data – 2016-2019

Base Year – 2019

Forecast – 2020 – 2026

Facts Covered

Revenue in USD Billion

Market Coverage

United States, Canada, Germany, United Kingdom, France, Italy, Spain, Brazil, Mexico, Argentina, Japan, China, India, Japan, South Korea, Saudi Arabia, UAE, South Africa

Product/Service Segmentation

By Type, By End-User, By Region

Key Players

AkzoNobel N.V.,  Evonik Industries, Kao Corporation, Emery Oleochemicals, Wilmar International, Kuala Lumpur Kepong Berhad, BASF SE, IOI Group Berhad, Evyap, Cargill, Ecogreen Oleochemicals, Vantage Specialty Chemicals, Chemrez Technologies, Inc., Genomatica, Godrej Industries, JNJ Oleochemicals Inc., Sakamoto Orient Chemicals Corporation(SOCC), Stepan Company, Pan Century Surfactants Inc., Pepmaco Manufacturing Corp., and other prominent players.





SCOPE           

 

1.    Research Framework

1.1. Research Objective

1.2. Product Overview

1.3. Market Segmentation

2.    Research Methodology

2.1. Qualitative Research

2.1.1.   Primary & Secondary Sources

2.2. Quantitative Research

2.2.1.   Primary & Secondary Sources

2.3. Breakdown of Primary Research Respondents, By Region

2.3.1.   Secondary Research

2.3.2.   Primary Research

2.4. Breakdown of Primary Research Respondents

2.5. Market Size Estimation

2.6. Assumption For The Study

2.7. Market Breakdown & Data Triangulation

3.    Executive Summary

4.    Global Oleochemical Insights

4.1. DROC Analysis

4.1.1.   Growth Drivers

4.1.2.   Restraints

4.1.3.   Opportunities

4.1.4.   Challenges

4.2. Technological Landscape/Recent Developments

4.3. Regulatory Framework

4.4. Company Market Share Analysis,2019

4.5. Porter’s Five Forces Analysis

4.5.1.   Bargaining Power of Suppliers

4.5.2.   Bargaining Power of Buyers

4.5.3.   Threat of New Entrants

4.5.4.   Threat of Substitutes

4.5.5.   Intensity of Rivalry

5.    Global Oleochemical Market Overview

5.1. Market Size & Forecast By Value, 2016-2026

5.1.1.   By Value (USD Billion)

5.2. Market Share & Forecast

5.2.1.  By Type

5.2.1.1.       Fatty Acids

5.2.1.2.       Fatty Alcohol

5.2.1.3.       Methyl Ester

5.2.1.4.       Glycerol

5.2.1.5.       Others

5.2.2.  By End-User

5.2.2.1.       Pharmaceuticals

5.2.2.2.       Personal care & Cosmetics

5.2.2.3.       Food & Beverages

5.2.2.4.       Soap & Detergents

5.2.2.5.       Polymers

5.2.2.6.       Others

5.2.3.  By Region

5.2.3.1.       North America

5.2.3.2.       Europe

5.2.3.3.       Asia Pacific

5.2.3.4.       Latin America

5.2.3.5.       Middle East & Africa

6.    North America Oleochemical Market

6.1. Market Size & Forecast By Value, 2016-2026

6.1.1.   By Value (USD Billion)

6.2. Market Share & Forecast

6.2.1.   By Type

6.2.2.   By End-User

6.2.3.   By Country

6.2.3.1.       United States

6.2.3.2.       Canada

7.    Europe Oleochemical Market

7.1. Market Size & Forecast By Value, 2016-2026

7.1.1.   By Value (USD Billion)

7.2. Market Share & Forecast

7.2.1.   By Type

7.2.2.   By End-User

7.2.3.   By Country

7.2.3.1.       Germany

7.2.3.2.       United Kingdom

7.2.3.3.       France

7.2.3.4.       Italy

7.2.3.5.       Spain

7.2.3.6.       Rest of Europe

8.    Asia Pacific Oleochemical Market

8.1. Market Size & Forecast By Value, 2016-2026

8.1.1.   By Value (USD Billion)

8.2. Market Share & Forecast

8.2.1.   By Type

8.2.2.   By End-User

8.2.3.   By Country

8.2.3.1.       China

8.2.3.2.       India

8.2.3.3.       Japan

8.2.3.4.       South Korea

8.2.3.5.       Rest of Asia Pacific

9.    Latin America Oleochemical Market

9.1. Market Size & Forecast By Value, 2016-2026

9.1.1.   By Value (USD Billion)

9.2. Market Share & Forecast

9.2.1.   By Type

9.2.2.   By End-User

9.2.3.   By Country

9.2.3.1.       Brazil

9.2.3.2.       Mexico

9.2.3.3.       Argentina

9.2.3.4.       Rest of Latin America

10. Middle East & Africa Oleochemical Market

10.1.             Market Size & Forecast By Value, 2016-2026

10.1.1. By Value (USD Billion)

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By End-User

10.2.3. By Country

10.2.3.1.Saudi Arabia

10.2.3.2.UAE

10.2.3.3.South Africa

10.2.3.4.Rest of Middle East and Africa

11. Company Profile (Company Overview, Financial Matrix, Product landscape, Key Personnel, Key Competitors, and Contact Address)*

11.1.   AkzoNobel N.V.

11.2.   Evonik Industries

11.3.   Kao Corporation

11.4.   Emery Oleochemicals

11.5.   Wilmar International

11.6.   Kuala Lumpur Kepong Berhad

11.7.   BASF SE

11.8.   IOI Group Berhad

11.9.   Evyap

11.10.Cargill

11.11.Ecogreen Oleochemicals

11.12.Vantage Specialty Chemicals

11.13.Chemrez Technologies, Inc.

11.14.Genomatica

11.15.Godrej Industries

11.16.JNJ Oleochemicals Inc.

11.17.Sakamoto Orient Chemicals Corporation(SOCC)

11.18.Stepan Company

11.19.Pan Century Surfactants Inc.

11.20.Pepmaco Manufacturing Corp.

11.21.Other Prominent Players 

*Financial Details will be captured as per data availability in case of unlisted companies.

**The user segmentation and the companies are subjected to modifications based on the in-depth secondary for the final deliverable.

Market Segmentation

No data available

By Type

·         Fatty Acids

·         Fatty Alcohol

·         Methyl Ester

·         Glycerol

·         Others

By End-User

·         Pharmaceuticals

·         Personal care & Cosmetics

·         Food & Beverages

·         Soap & Detergents

·         Polymers

·         Others

By Region:  

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

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