Oleochemicals Market Research | Industry Analysis | Application | Supplier 2016-2020

Oleochemicals Market

Oleochemicals Market

Oleochemicals (Fatty Acid, Fatty Alcohol, Glycerin and Others) Market for Polymers, Food and Beverages, Pharmaceutical & Personal Care, Soaps & Detergents and Others Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020

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Oleochemicals refer to chemicals derived from animal and vegetable oils or plant fats. Primarily, oleochemicals refer to the fatty acids and glycerol. Key product types of oleochemicals are fatty acids, fatty alcohols and glycerin. Some of the most common applications of oleochemicals are pharmaceutical & personal care, food & beverages, soaps & detergents and polymers. Lubricants and greases, textile, rubber, drying oil, paints & coating, surface coatings, biodiesel, bioplastics, are other important applications.

The major driving factor for oleochemicals market is increasing demand for environment friendly products. Rising demand for environment friendly and sustainable products is expected to be another key driving factor for oleochemicals market. Rising demand for bio-based products from a range of application industries such as soaps & detergents, pharmaceuticals, food and beverage and personal care is further anticipated to drive the market over the forecast period. Moreover, increase in demand for bio-based plastics products is expected to drive the overall market growth over the next few years. However, rising feedstock cost and variable prices of raw materials in the industry will hinder the growth for global oleochemicals market.

Oleochemicals market can be segmented based on product types into fatty acid, fatty alcohol, glycerin and others. Oleochemicals market is dominated by fatty acids segment and accounted for the largest share of over 54% of the global fatty acid market in 2014. Increasing demand for glycerin in food & beverage industry is projected to the key driving factor for this market in the years to come. Hence, the market for glycerin is expected to grow at the fastest rate.

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Based on application, oleochemicals market has been segmented into polymers, pharmaceuticals and personal care, food and beverages, soaps and detergents, and other applications. Personal care, and soap and detergents are leading in application segment in oleo chemical market. Pharmaceutical is also one of the largest application segments for oleochemicals market. Food and beverages is expected to be one of the fastest growing segments of oleochemicals market during the forecast period. Growing demand for polymers, are expected to drive the overall application segment market over the forecast period.

Geographically, the global oleochemicals market was dominated by Asia Pacific region and accounted for over 65% share of the oleochemicals market in 2014.  Asia pacific is the fastest growing market for oleochemicals such as glycerin, fatty acids, and fatty alcohols. Europe was the second largest market for oleochemicals in 2014. North America is expected to grow at sluggish rate as compared to Asia pacific and Europe.

Some of the key participants in the global oleochemicals market Genomatica, Myriant, Amyris, Solazyme, Goldschmidt, Wilmar international,  Kao chemicals, Oleon, her Daniels midland, BASF, Emery oleochemicals and SABIC.

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