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Global Oleochemicals Market | Autumn Market Research

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Autumn Market Research estimates that the Global Oleochemicals Market will reach $35.7 billion by 2024, growing at a CAGR of 6.2% over the forecast. – PowerPoint PPT presentation

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Title: Global Oleochemicals Market | Autumn Market Research


1
Global Oleochemicals Market
https//www.autumnmarketresearch.com/
Email info_at_autumnmarketresearch.com
2
Summary
  • Global Oleochemicals Market 2018 - 2024
    estimates that the global oleochemicals market
    will reach 35.7 billion by 2024, growing at a
    CAGR of 6.2 over the forecast period
    (2019-2024). The market is driven by advantages
    offered by oleochemicals over petrochemicals such
    as their production through renewable resources
    and higher biodegradability, unlike latter which
    is obtained from polluting, non-renewable and
    exhaustible petroleum, especially as lubricants,
    polymers, and surfactants.

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Email info_at_autumnmarketresearch.com
3
Global Oleochemicals Market
  • Autumn new market research report Global
    Oleochemicals Market 2018 - 2024 estimates that
    the global oleochemicals market will reach 35.7
    billion by 2024, growing at a CAGR of 6.2 over
    the forecast period (2019-2024). The market is
    driven by advantages offered by oleochemicals
    over petrochemicals such as their production
    through renewable resources and higher
    biodegradability, unlike latter which is obtained
    from polluting, non-renewable and exhaustible
    petroleum, especially as lubricants, polymers,
    and surfactants.
  •  
  • Oleochemicals are chemical compounds that are
    derived from the hydrolysis or methylation of
    fats and oils of both plants and animals.
    Vegetable oils and animal oils and fats such as
    soybeans, palm kernels, cotton seeds, copra,
    groundnuts, sunflower seeds, rapeseeds, linseeds,
    castor beans, tallow and other animals, fish
    oils, and lard are used as the raw materials to
    produce oleochemicals.
  •  
  • Oleochemicals are considered organic, green,
    safe, renewable and biodegradable, which is
    driving their usage as a constituent in various
    commercial products. At present, oleochemicals
    are used in the production process of several
    products such as personal care and
    pharmaceuticals products, lubricants and greases,
    soaps and detergents, surface coatings and
    polymers, and biofuels.

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Email info_at_autumnmarketresearch.com
4
Global Oleochemicals Market
  • Recent Developments
  • In January 2019, Shell announced that the company
    would be shutting down its synthetic fatty
    alcohol unit at Stanlow in the UK following a
    fire in its higher olefins plant last year.
  • In September 2015, Archer Daniels Midland Company
    and Wilmar International Limited announced that
    they have come to an agreement whereby Olenex,
    their partnership to market oils and fats in
    Europe, will become a full-function joint venture
    with its own assets. The joint venture is
    expected to not only meet customer demand for a
    single, integrated supplier for oils and fats
    products, but will also support Archer Daniels
    Midland Companys strategic goal of strengthening
    its European oils business for food products.

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Email info_at_autumnmarketresearch.com
5
Global Oleochemicals Market
  • Asia-Pacific, the Dominant Regional Market
  • Asia-Pacific region accounted for the dominant
    share of about 60 of the global oleochemicals
    market value in 2018. It is also expected to be
    the fastest growing market over the forecast
    period due to easy availability of raw material
    particularly in economies of Malaysia, Indonesia,
    and China. The intermediates produced using
    oleochemicals are utilized across a wide range of
    end-use industries in the region.
  • The raw materials used in the production of
    oleochemicals in the developed economies are
    primarily skewed towards soya, corn, sunflower,
    rapeseed, tallow, and lard. However, animal fats
    are used as the primary raw material in the
    production of oleochemicals in the European
    region. In developing economies, especially in
    Asia, vendors are primarily dependent upon the
    tropical oils as a primary source of raw
    materials.

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Email info_at_autumnmarketresearch.com
6
Global Oleochemicals Market
  • Soaps and Detergents to Account for Majority of
    Market Demand for Oleochemicals
  • Until the 1990s, oleochemicals were primarily
    used in food applications, with only a fraction
    of overall production used for non-food
    applications. However, since the 1990s, their
    applications have been expanded to other non-food
    and technical applications.
  •  
  • Soaps and detergents segment accounted for the
    highest usage of oleochemicals in 2018,
    accounting for about 43 share of the
    oleochemicals market size, in terms of volume.
    Oleochemicals are widely used in soap and
    detergents with various industrial and domestic
    applications as well as in specialty surfactants.
    Palm kernel oil is primarily used in the
    production of detergents.

https//www.autumnmarketresearch.com/
Email info_at_autumnmarketresearch.com
7
Global Oleochemicals Market
  • Global Oleochemicals Market - Key Players
  • AkzoNobel, Archer Daniels Midland Co., Eastman
    Chemical Co., Evonik Industries AG, Kao Corp.,
    Kuala Lumpur Kepong Berhad, LANXESS AG, and
    Arkema Group are some of the prominent market
    players included in this report.
  • Global Oleochemicals Market Segmentation
  • By product types Fatty Acids, Fatty Alcohols,
    Glycerol, Fatty Amines, and Fatty Methyl Esters.
  • Applications in various end-use industries
    Personal Care and Pharmaceuticals, Lubricants and
    Greases, Soaps and Detergents, Intermediates,
    Polymers, Food and Beverages, and Others.
  • By regions North America, Europe, Asia-Pacific,
    South America, and ROW.

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Email info_at_autumnmarketresearch.com
8
Global Oleochemicals Market
  • Intended Audience for Oleochemicals Industry
    Report
  • Oleochemicals manufacturers
  • Potential investors
  • Oleochemical distributors and traders
  • Regional and Global Associations
  • Raw material suppliers
  • Government and research institutions
  • Global Oleochemical Market, Global Oleochemical
    Market Price, Global Oleochemical Market Size,
    Global Oleochemical Market Share, Global
    Oleochemical Market Trends, Global Oleochemical
    Market Report

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Email info_at_autumnmarketresearch.com
9
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