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Oleochemicals Market Size (2024 - 2029)

The oleochemicals market is experiencing growth driven by increased demand in the pharmaceutical and personal care sectors, particularly for cleaning products and sanitizers, a shift influenced by the COVID-19 pandemic. The market's expansion is further supported by the rising need for surfactants and cosmetics, especially in the Asia-Pacific region, which is expected to lead in market dominance. However, fluctuations in raw material prices pose challenges to market growth. Environmental conservation efforts, such as the microbial production of fatty alcohols, present new opportunities for market development.

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Market Size of Oleochemicals Industry

Oleochemicals Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.97 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Oleochemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

Oleochemicals Market Analysis

The oleochemicals market is estimated to reach 12.40 million tons by the end of this year and is projected to reach 17.36 million tons in the next five years, registering a CAGR of 6.97% during the forecast period.

COVID-19 led to a shift in the demand for oleochemicals from industries such as automotive, and polymer to the pharmaceutical and personal care industries. A significant rise in demand for personal care and hygiene products, such as cleaning products, disinfectants, and sanitizers, led to a surge in demand for oleochemicals in 2020.

  • The increasing demand for surfactants in the Asia-Pacific region is a significant factor driving the market studied. Additionally, demand from the cosmetic industry is likely to favor the growth of the studied market.
  • On the flip side, the high volatility in raw material prices holds a negative impact on the growth of the oleochemicals market during the forecast period.
  • The microbial production of fatty alcohols is expected to be a more direct and conservationist strategy. The rising awareness of environmental conservation will likely provide new growth opportunities for the market.
  • Asia-Pacific is expected to dominate the market during the forecast period. This growth is attributed to the rising demand for cosmetics and surfactants.

Oleochemicals Industry Segmentation

Oleochemicals are chemical compounds derived from natural oils and fats, typically obtained from vegetable sources such as palm, soybean, and coconut, or animal sources like tallow and lard. These chemicals undergo various processes such as hydrolysis, transesterification, or hydrogenation to produce a wide range of products, including fatty acids, glycerin, fatty alcohols, esters, and other derivatives.

The oleochemicals market is segmented by product type, end-user industry, and geography. By product type, the market is segmented into fatty acids, fatty alcohols, methyl esters, glycerine, and other product types. By end-user industry, the market is segmented into cosmetics and personal care, soap and detergents, pharmaceuticals, food and beverages, polymers, and other end-user industries. The report also covers the market size and forecasts for the oleochemicals market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (Million Tons).

Product Type
Fatty Acids
Fatty Alcohols
Methyl Esters
Glycerine
Other Product Types
End-user Industry
Cosmetics and Personal Care
Soap and Detergents
Pharmaceuticals
Food and Beverages
Polymers
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Oleochemicals Market Size Summary

The oleochemicals market is experiencing a dynamic shift, driven by evolving consumer demands and industry trends. The COVID-19 pandemic significantly altered the demand landscape, with a notable increase in the use of oleochemicals in the pharmaceutical and personal care sectors, particularly for products like cleaning agents and sanitizers. The Asia-Pacific region is poised to dominate the market, fueled by rising demand for surfactants and cosmetics. This growth is supported by the expanding personal care and pharmaceutical industries in countries such as China, India, and Japan. However, the market faces challenges, including the volatility of raw material prices, which could impact growth prospects. The microbial production of fatty alcohols is emerging as a sustainable alternative, aligning with the growing emphasis on environmental conservation.

In the global context, the United States, Germany, Malaysia, China, and the United Kingdom are key players in the soap production industry, with China leading in exports. The European market, particularly in Germany, is a significant consumer of oleochemicals due to its robust detergent manufacturing sector. The demand for soap and detergents is expected to positively influence the oleochemicals market, supported by trends in wellness and self-care. The market is partially consolidated, with major companies like Oleon NV, Berg + Schmidt GmbH & Co. KG, and Croda International Plc playing pivotal roles. Recent investments and collaborations, such as Oleon NV's enzyme-based production plant and Sinarmas Cepsa's expansion in bio-based chemicals, highlight the industry's focus on sustainable and innovative solutions.

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Oleochemicals Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Surfactants Industry in the Asia-Pacific Region

      2. 1.1.2 Growing Cosmetics Industry

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 High Volatility in Raw Material Prices

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Product Type

      1. 2.1.1 Fatty Acids

      2. 2.1.2 Fatty Alcohols

      3. 2.1.3 Methyl Esters

      4. 2.1.4 Glycerine

      5. 2.1.5 Other Product Types

    2. 2.2 End-user Industry

      1. 2.2.1 Cosmetics and Personal Care

      2. 2.2.2 Soap and Detergents

      3. 2.2.3 Pharmaceuticals

      4. 2.2.4 Food and Beverages

      5. 2.2.5 Polymers

      6. 2.2.6 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Oleochemicals Market Size FAQs

The Oleochemicals Market is projected to register a CAGR of 6.97% during the forecast period (2024-2029)

Oleon NV , Berg + Schmidt GmbH & Co. KG, Kao Corporation, Croda International Plc and IOI Oleochemical are the major companies operating in the Oleochemicals Market.

Oleochemicals Market Report Snapshots

Oleochemicals Market Size & Share Analysis - Growth, Trends, and Forecasts (2024 - 2029)