Oleochemicals Market: to grow at a CAGR of around 4.9% during 2016-2021 – IndustryARC
Oleochemicals are chemicals that are derived from plants and animal fats. Many a times they are analogous to petrochemicals which are derived from petroleum. Due to the rising use of various types of oleo chemical products in many end user industries and increasing consumption of oleo chemicals, there is high scope for the Oleochemicals Market during 2016-2021.
Regional Forecast and Scope of the Oleochemicals Market:
In the Oleochemicals Market, fatty amines are estimated to attain the fastest growth rate during the forecast period 2016-2021. The global market size is estimated to grow at a CAGR of around 4.9% during the forecast period of 2016 and 2021.
North America and Europe are expected to have high demand for food and beverages, pharmaceuticals and personal care products through 2021. Asia-Pacific in the Oleochemicals Market due to its expanding economy and rapidly growing industrial and commercial activities is estimated to experience the highest growth in the market between 2016 and 2021.
According to the IndustryARC market research report, the hydrolysis of fats result in 95% production of fatty acids and glycerine is produced as a by-product. These fatty acids are further utilized for the production of fatty alcohols and methyl esters. Fatty acids are anticipated dominate the global Oleochemicals Market by type and are estimated to control around 51% of the total oleochemicals consumption by type in 2021.
Segmentation and key players of the Oleochemicals Market:
The Oleochemicals Market is segmented into various categories in the IndustryARC marketing analysis research report by type, by application and by geography.
- By type: fatty acids, fatty alcohols, glycerine, fatty acid methyl esters and fatty amines
- By application: pharmaceuticals, personal care, food & beverages, soaps & detergents, lubricant & grease, pulp & paper, plastics, rubber and textiles, paint & surface coatings, intermediates and others
- By geography: North America, South America, Europe, Asia Pacific and ROW
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The key companies in the Oleochemicals Market as mentioned in the IndustryARC research report are as follows:
- Wilmar International
- IOI Group
- KLK Oleo
- Emery Oleochemicals
- Clariant AG
The Oleochemicals Market is a healthy growing market with high demand for oleochemicals such as fatty acids and others from many end user industries across the globe. This market is expected to witness high growth in various regions owing to the high demand for the natural plant based oleochemicals during 2016-2021.
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