Title: Oleochemicals Market: to grow at a CAGR of around 4.9% during 2016-2021 - IndustryARC
1Oleochemicals Market By Components (Fatty Acids,
Fatty Acid Methyl Esters,Fatty Amines, Glycerol,
Others) By Application (Pharmaceutical, Polymers,
Personal Care, Food Beverages, Additives, Paint
Surface Coatings, Others)-Forecast(2015-2020)
Published 23 June, 2016 No. of pages 150
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- 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. - 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.
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- 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.
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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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