Oleochemicals Market Size To Hit USD 34.89 Billion By 2028Posted by rahul nikade on July 22nd, 2022 Oleochemicals Industry Overview The global oleochemicals market size is anticipated to reach USD 34.89 billion by 2028, registering a CAGR of 7.57% over the forecast period, according to a new report by Grand View Research, Inc. The market growth can be attributed to the increasing demand for oleochemical derivatives by major end-use industries, such as food & beverages, pharmaceuticals, personal care & cosmetics, and plastic & polymers. In addition, regulations regarding the use of synthetic products have led to the increased adoption of the product due to its environmental and cost benefits. Fatty acids represent one of the largest applications of oleochemicals as they are used in the pharmaceutical, food, soap, laundry detergents, candles, waxes, lubricants, and paints & coatings industries. Oleochemicals Market Segmentation Grand View Research has segmented the global oleochemicals market on the basis of product, application, and region: Based on the Product Insights, the market is segmented into Specialty Esters, Fatty Acid Methyl Ester, Glycerol Esters, Alkoxylates, Fatty Amines, Others.
Based on the Application Insights, the market is segmented into Personal Care & Cosmetics, Consumer Goods, Food & Beverages, Textiles, Paints & Inks, Industrial, Healthcare & Pharmaceuticals, Polymer & Plastic Additives, Others.
Oleochemicals Regional Outlook
Key Companies Profile & Market Share Insights The market is consolidated with a few major players occupying a higher market share. Companies have been extensively involved in R&D and are working towards the production of bio-based lubricants using oleochemicals, such as soybean oil as raw material. For instance, Cargill has developed electrical insulation fluid through soybean oil. Some prominent players in the global oleochemicals market include
Order a free sample PDF of the Oleochemicals Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Like it? Share it!More by this author |