Top Facts You Didn’t Know About Oleochemicals market & Impact of COVID-19Posted by Mrudula Anil Karmarkar on July 12th, 2023 San Francisco, 12 July 2023: The ReportOleochemicals Market Size, Share & Trends Analysis Report By Product (Specialty Esters, Fatty Amines), By Application (Personal Care & Cosmetics, Consumer Goods, Healthcare & Pharmaceuticals), By Region, And Segment Forecasts, 2023 - 2030 The global oleochemicals market size is expected to reach USD 39.08 billion by 2030, expanding at 7.1% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly driven by the increasing demand in the global markets for biopolymers. The global oleochemical industry remains robust and is largely dependent on the movement of application markets. Personal care and cosmetics take up a majority share of the market on a global scale due to increasing consumer awareness about the benefits of using personal care products and increased expenditure on cosmetic products. Seeking the opportunity, globally, several multinational brands have emerged with premium cosmetic and personal care products to capture a significant share of the market. Additionally, the fluctuating petrochemical prices are one of the major factors driving the shift in the trend toward sustainable chemicals. Moreover, the consumption of oleochemicals is expected to rise significantly in the coming years as a consequence of increasing demand for personal care products, pharmaceuticals, and food items. Major firms that are vertically integrated throughout the value chain continue to define the market dynamics. The oil palm plantation, which includes independent farmers or plantation businesses, is where the value chain originates. Large worldwide firms with extensive presences across the value chain, like Vantage Specialty Chemicals; Emery Oleochemicals; Ecogreen Oleochemicals; and Kao Corporation, hold a sizeable share of the global oleochemicals industry. Vegetable and animal oils & fats are utilized as common raw materials in the production of oleochemicals. They come from petrochemical feedstock as well. Rapeseed oil is a significant vegetable oil, as are those made from palm, castor, sunflower, soybean, peanut, and corn. Any fluctuations in the prices and availability of these raw materials affect the overall cost of production and as a result, increase the end cost of the product Request sample report of Oleochemicals Market @https://www.grandviewresearch.com/industry-analysis/oleochemicals-industry/request/rs1 Oleochemicals Market Report Highlights
Fatty acids, fatty acid methyl esters, fatty amines, and glycerol are a few of the fundamental oleochemical compounds. The production of intermediary chemicals like sugar esters, structured triacylglycerol (TAG), diacylglycerol (DAG), monoacylglycerol (MAG), quaternary ammonium salts, alcohol ether sulfates, alcohol sulfates, and alcohol ethoxylates are also carried out using these fundamental oleochemicals. Products made from fats and oils are known as oleochemicals. In addition, they can be manufactured from fossil fuel sources like petrochemicals as well as from natural sources like plant & animal oils and fats. Oleochemicals can be made by manufacturers through a variety of chemical or enzymatic reactions. Oleochemicals Market Report Scope
List of Key Players of Oleochemicals Market
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