Global Oleochemicals Market: Size, Trends and Forecasts (2019-2023)
The report provides a detailed regional analysis of the oleochemicals market, including the following regions: Asia pacific (India & Rest of Asia Pacific), Europe, North America (The US & Rest of North America), and ROW.
By: Daedal Research
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global oleochemicals market has also been forecasted for the period 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The global oleochemicals market is highly fragmented with many market players operating worldwide. Oleochemicals manufacturers are producing different types of oleochemicals derived from different raw materials for various application.
Further, key players of the oleochemicals market are BASF SE, Wilmar International Limited, Evonik Industries AG, Sime Darby Plantation and PTT Global Chemicals (Emery Oleochemicals)
Wilmar International Limited
Evonik Industries AG
Sime Darby Plantation and PTT Global Chemicals (Emery Oleochemicals)
Oleochemicals are the chemicals which are obtained from plants and animal fats or oils. Oleochemicals are derived from natural renewable raw materials like palm oil, palm kernel oil, etc.
Oleochemicals can be produced in different ways. The three most common methods to produce oleochemicals are: transesterification, saponification, and fat splitting. Oleochemicals can be used in various applications, including soaps & detergents, plastics, rubber, paper, lubricants, personal care, biodiesel, pharmaceuticals, food & beverages, and others.
The base oleochemicals are Fatty Acids, Fatty Alcohols, Glycerine, and Methyl Esters. And, the derivatives are Amines, Amides, Esters, Sulphates, and Alkoxylates. Base oleochemicals are produced from vegetable oils through a simple production process, whereas the manufacturing of derivatives from base oleochemicals is a highly specialized process.
The oleochemicals market can be segmented on the basis of type (Fatty Acids, Fatty Alcohols, Methyl Esters, Glycerine, Fatty Amines, and Others); application (Plastic Additives, Food Additives, and Others); raw material type (Tropical Oils (Coconut Oil, Palm Kernel Oil & Palm Oil), Soft Oils (Sunflower Oil, Soya Oil & Rape Oil), Animal Fats (Poultry, Tallow & Lard), and Other Material Types); and process (Hydrogenation, Hydrolysis Process, Transesterification and Other Process).
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