Global Oleo Chemicals Market Analysis, Size, Share, Development, Growth & Demand Forecast 2018 -2023

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Oleo Chemicals Market Research Report- Forecast
to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Oleo Chemicals Market - 2023
Global Oleo Chemicals Market
Information by Type (Fatty Acids, Fatty Alcohols,
Methyl Ester, Glycerol), by Application (Soaps
Detergents, Intermediates, Plastics, Coatings,
Lubricants, Rubber, Personal Care, and Others)
and Region- Forecast till 2023 Synopsis of Oleo
Chemicals Market Oleochemicals are substitute
compounds for synthetic compounds produced from
petrochemicals. These are naturally obtained
chemicals and generally derived from animal fats
and natural oils from plants. The larger amounts
of these oils and fats are synthesized by various
chemical reaction into basic fatty compounds,
important for use in the soaps detergents,
pharmaceuticals and oil-based industries. The
important reactions are saponification,
hydrolysis, polymerization, inter-esterification
and hydrogenation. Oleo Chemicals are starting to
replace crude oil derived products in various
applications such as soaps and detergents, raw
material for many intermediate compounds like
alcohol ethoxylates, alcohol sulfates, acyl
glycerol and ammonium salts lubricants and
vulcanized rubber. As per our Analysis, some of
the prominent market factors and trends
identified in the Global Oleo Chemicals Market
include rapid use of soaps detergent products
owing to supplement the expanding global
population, rising demand for oleo chemicals in
food beverage industry, and demand for cosmetic
products due to increased consumer spending in
developed economies of Europe and North America.
Moreover, demand for oleo chemicals is predicted
to witness a significant growth over the
assessment period due to the demand for
lubricants in the automobile industry. Rising
pharmaceutical production across the globe is
anticipated to be an important driver for Oleo
Chemicals Market during the review period.
Increasing automobile production and sales along
with rising consumption of lubricants is
estimated to fuel the growth of the market.
Furthermore, rapid urbanization coupled with
increasing disposable income in the emerging
economies is predicted to propel the growth of
the Oleo Chemicals Market during the assessment
period, 2017 to 2023. Furthermore, due to its
green image, constant growth of raw material,
minor toxicity and better dermatological
compatibility is anticipated to drive the market.
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Oleo Chemicals Market - 2023
Regional Analysis The Global Oleo Chemicals
Market consists of five regions Asia Pacific,
Europe, Latin America, North America, and the
Middle East Africa. Among these, Asia Pacific
is predicted to grow with the highest CAGR during
the review period, 2017 to 2023 on account of
high raw material availability in the region. The
demand for Oleo Chemicals is predicted to surge
in numerous countries of the North America and
Europe such as U.S., Canada, U.K, Germany and
France due to high human development index (HDI)
figures. However, the lack of raw material is
allowing them to import from South East Asian
countries is anticipated to surge the Oleo
Chemicals end products prices. Asia Pacific has
emerged as the leading market region for oleo
chemicals followed by North America and Europe.
North American Oleo Chemicals Market is predicted
to witness a tremendous growth on account of high
consumption potential, increasing production
capacities, and rising economic growth rate. In
North American region, the U.S. is predicted to
be the major contributor in the regional growth
of Oleo Chemicals Market and is expected to see a
significant demand for Oleo Chemicals during the
forecast period, 2017 to 2023. As of 2016, the
U.S accounted for the largest market share and is
followed by Canada in terms of value volume and
is estimated to grow with the moderate CAGR on
account of growth in the production of crude oil.
In Europe, the demand for Oleo Chemicals is
predicted to grow in various countries such as
Italy, Germany, Spain, U.K, France, and Russia on
account of increasing expenditure in innovation
and growing purchasing power of consumers.
Moreover, presence of major automobile
manufacturers specifically in Germany is expected
to give a new impetus to the market growth. Latin
American countries such as Argentina, Colombia,
and Brazil are also predicted to witness
substantial growth owing to increasing consumer
spending on passenger cars as well as involvement
of new technologies and inventions in oleo
chemicals. Asia Pacific oleo chemicals market is
predicted to grow with the moderate CAGR due to
increasing incorporation into end use industries
such as food beverages and soaps detergents.
Moreover, continuous growth of automotive sector
in various economies of Asia Pacific such as
China, India, Malaysia, Thailand, and Japan is
expected to raise the demand for lubricants which
in turn is predicted to fuel the demand for oleo
chemicals over the forecast period, 2017 to
2023. Segmentation The Global Oleoc Chemicals
Market is categorized on the basis of type,
application, and region. On the basis of type,
the market is bifurcated into fatty acids, fatty
alcohols, methyl ester, glycerol and others. On
the basis of application, the oleo chemicals
market is categorized into soaps detergents,
intermediates, plastics, coatings, lubricants,
rubber, personal care, and others. On the basis
of region, the market is categorized into Asia
Pacific, Europe, Latin America, North America,
and the Middle East Africa.
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Oleo Chemicals Market - 2023
Key Players Some of the prominent players
operating in the Global Oleochemicals Market are
BASF SE (Germany), Wilmar International Ltd.
(Singapore), Procter Gamble (U.S.), Eastman
Chemical Company (U.S.), Cargill, Incorporated
(U.S.), Evonik Industries AG (Germany), Godrej
Industries Limited (India), PTT Global Chemical
Public Company Limited (Thailand), Arizona
Chemical Company, LLC (U.S.), and Emery
Oleochemicals (U.S.) among others. Intended
Audience Oleochemicals Manufacturers Traders and
Distributors of Oleochemicals Production Process
Industries Potential Investors Raw Material
Suppliers Nationalized Laboratory
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