SAN FRANCISCO, October 16, 2018 /PRNewswire/ --
The global oleochemicals market size is
projected to reach USD 31.9 billion
by 2025, according to a new report by Grand View Research, Inc.,
exhibiting a CAGR of 5.2% over the forecast period. It projected to
witness a shift from petrochemicals to bio-based chemicals due to
increasing concerns regarding the adverse effects of petrochemicals
on the environment.
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Growing oleochemical manufacturing capacity in (ASEAN), coupled
with its robust raw material integration, is the most fundamental
explanation behind the extraordinary reorganization taking place in
the global oleochemicals. Increased pressure on margins from
large-scale and highly productive manufacturing units in ASEAN will
keep on influencing the global picture.
Fatty acids were the most consumed oleochemicals globally. The
product segment enjoys the maximum share in the overall market on
account of its gaining popularity in soaps and detergents industry.
However, in relation to other oleochemicals such as glycerol and
fatty alcohol, fatty acids are considered to be a mature segment
and are expected to grow at a relatively lower rates, as compared
to other counterparts.
Asia Pacific was the foremost
consumer and is projected to observe the fastest growth over the
next few years. This growth can be attributed to the ample supply
of vegetable oil and rapidly expanding application segments
including personal care, food and beverage, and bio-chemical
manufacturing. Europe is projected
to exhibit a moderate growth over the years to come. Increasing
demand for biodiesel and bioenergy is expected to have a positive
impact on this region.
Browse full research report with TOC on
"Oleochemicals Market Size, Share & Trends Analysis
Report By Product (Fatty Acid, Glycerol, Fatty Alcohol), By Region
(APAC, MEA, Europe, North America, CSA), And Segment Forecasts,
2018 - 2025" at:
https://www.grandviewresearch.com/industry-analysis/oleochemicals-industry
Further Key Findings From the Report Suggest:
- The global oleochemicals market is anticipated to grow at a
CAGR of 5.2% from 2017 to 2025
- Asia Pacific emerged as the
largest regional segment covering around 41% revenue share in
2016
- Central and South America is
likely to expand at a healthy CAGR over the forecast period
- The food and beverages segment of glycerol in Spain is anticipated to grow at a CAGR of
5.5%
- Personal care and pharmaceuticals segment led the global
glycerol demand and is projected to register a strong CAGR during
the forecast period
- Major companies in the market are TerraVia Holdings, Inc.; KLK
Oleo Sd. Bhd.; Evyap; Kao Chemicals; Godrej Industries Ltd.; IOI
Corporation; and Wilmar International Ltd.
Browse related reports by Grand View Research:
- Fatty Alcohols Market - The Global fatty alcohols
market demand was 2,257.7 kilo tons in 2013.
- Dimer Acid Market - The Global dimer acid market
size was USD 1.31 billion in
2015.
- Castor Oil And Derivatives Market - The Global
castor oil & derivatives market demand was 653.0 kilo tons in
2012.
- Bio Based Construction Polymers Market - The
global bio based construction polymers market size was USD 11.87 billion in 2015.
Grand View Research has segmented the global oleochemicals
market on the basis of product and region:
- Oleochemicals Product Outlook (Volume, Kilo Tons; Revenue,
USD Million, 2014 - 2025)
- Fatty acids
- By Application
- Soap & Detergents
- Intermediates
- Plastics
- Rubber
- Paper
- Lubricant & Greases
- Personal Care
- Fatty alcohol
- By Product
- By Application
- Personal Care
- Soaps & Detergents
- Amines
- Lubricants
- Others
- Glycerol
- By Application
- Personal Care & Pharmaceuticals
- Alkyd Resins
- Polyether Polyols
- Food & Beverages
- Tobacco Humectants
- Others
- Oleochemicals Regional Outlook (Volume, Kilo Tons; Revenue,
USD Million, 2014 - 2025)
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Belgium
- The Netherlands
- Asia Pacific (APAC)
- China
- India
- Japan
- Malaysia
- Indonesia
- Philippines
- Middle East & Africa (MEA)
- Central & South America
(CSA)
Explore the BI enabled intuitive market research
database, Grand View Compass, by Grand View Research,
Inc.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company
provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant
and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
SOURCE Grand View Research, Inc.