The latest report by IMARC Group, titled “Oleochemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, The global oleochemicals market size reached US$ 25.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 44.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.9% during 2024-2032. Oleochemicals encompass a range of organic substances extracted from natural fats and oils, predominantly sourced from plants like palm, soybean, and coconut. Through saponification, a chemical process, these fats and oils are broken down to produce essential constituents such as fatty acids, glycerin, and assorted derivatives.
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Oleochemicals Market Trends and Drivers:
The rise of the global oleochemicals market stems mainly from the escalating recognition of environmental sustainability. This trend encourages a rising inclination towards oleochemicals as opposed to conventional petroleum-based options. Businesses and consumers are actively seeking to diminish their carbon footprint and adopt more eco-friendly alternatives, thus driving this transition.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
Fatty Acids
Fatty Alcohols
Glycerine
Others
Breakup by Form:
Liquid
Solid
Flakes
Pellets
Beads
Others
Breakup by Application:
Soaps and Detergents
Plastics
Paper
Lubricants
Rubber
Coatings and Resins
Personal Care Products
Others
Breakup by Feedstock:
Palm
Soy
Rapeseed
Sunflower
Tallow
Palm Kernel
Coconut
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Akzo Nobel N.V.
BASF SE
Cargill, Incorporated
Emery Oleochemicals Group
Evonik Industries AG
Evyap Oleo
Godrej & Boyce Mfg. Co. Ltd.
Kao Corporation
KLK Oleo
Myriant Technologies
Oleon NV
Procter & Gamble Company
PTT Global Chemical Public Company Limited
Corbion N.V.
Wilmar International Ltd.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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