GLOBAL OLEOCHEMICAL MARKET EXPECTED TO REACH US$24.208 BILLION BY 2023

Report Sellers has added a new market research report “Global Oleochemical Market - Industry Trends, Opportunities and Forecasts to 2023” to its offerings. The report is an in-depth market study providing accurate market insights including the latest trends, forecast, competitive insights, etc.

The global oleochemical market is estimated to grow at a CAGR of 5.05% during the forecast period to reach US$24.208 billion by 2023, increasing from US$18.920 billion in 2018. Oleochemical is a chemical compound which is derived industrially form plants and animal fats. These are useful for the production of fungicides, soaps and detergents, synthetic and refrigeration lubricants, beauty products such as creams, lotion and many more. In addition, these chemicals are used as reactive intermediates in various thermosetting and thermoplastic resins.

Geographically, the global oleochemical market is segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The Asia Pacific region accounted for a significant market share in 2017, aided by growing population, high economic growth across major economies and improving standard of living. These factors are augmenting the demand for personal and household care products, which in turn is complementing the demand for oleochemicals for a wide range of applications. However, fluctuation in prices of raw materials will impede the oleochemical demand during the forecast period.

The global oleochemical is highly competitive owing to the presence of well-diversified multinationals, regional and local players. Use of oleochemical compounds in the daily life of a consumer such as personal and household products are attracting new players in the market, enhancing the competitive rivalry. Some of the major players covered in this report are BASF SE, Cargill Incorporated, Emery Oleochemicals, 3F Industries, and Godrej Industries among others.

Browse through the complete description and in-depth TOC on Global Oleochemical Market - Industry Trends, Opportunities and Forecasts to 2023

https://www.reportsellers.com/market-research-report/Oleochemical-Market

Report Scope

By Type:

Fatty acids
Fatty alcohol
Glycerine
Ester
Others

By End-User Industry:

Agriculture
Healthcare
Food and Beverages
Oil and Gas
Personal and Household Care
Others

By Geography:

North America
South America
Europe
The Middle East and Africa
The Asia Pacific

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