Oleochemicals Market 2019
Description: –
As per the latest report, the global oleochemicals market is expected to increase in a reflective way. Oleochemicals are different types of chemical products that are obtained from vegetable triglycerides or animals, even if they include elements that are of petrochemical product origin.
The surge in the demand for naturally derived products of food & beverage, chemicals, pharmaceuticals industries is some of the factors anticipated to drive the oleochemicals market. Change in eating habits among the consumers has enhanced the demand for nutritious foodstuffs which are obtained from natural origin thereby increasing the global demand for oleochemicals as well.
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Key Players
Some of the leading industry participants include Kuala Lumpur KepongBerhad, Ecogreen Oleochemicals, Oleon, Godrej Industries, SABIC, Evyap, China Sanjiang Fine Chemicals, Kao Chemicals, Vantage Specialty Chemicals, Archer Daniels Midland, Evonik Industries, Emery Oleochemicals, Wilmar International, TerraVia, AkzoNobel, Cargill, BASF, Eastman Chemical Company , PTT Global Chemical Public Company Limited , Alnor Oil Co, Inc., Berg + Schmidt , Isosciences LLC , Vegetable Vitamin Foods Company and MYRIANT.
The government of various countries is taking initiatives for the development of new formulations of these chemicals to cater to the specific requirements of the end-use industries. Also, the shift to biodiesel is an interesting factor that is driving the demand of these chemicals. However, sudden changes and strict regulations for blending norms might increase the bio-oil prices which might affect the demand of oleochemicals in the approaching years.
Market Segmentation
The market of global oleochemicals has been segregated into type and application. Fatty acids based on Products have been segmented into C6, C8, C8-10, C10, C12, C12-14, C14 among others. Fatty acids based on application have been divided into Soap & Detergents, Intermediates, Plastics, Rubber, Paper, Lubricant & Greases and Personal Care.
Detailed Regional Analysis
The global market of Oleochemicals has been analyzed across the United States, Europe, India, Japan, China, Southeast Asia, Middle East Africa and the rest of the world. Asia Pacific is the largest regional market globally and reasons attributing to its growth include increasing the production of palm kernel and palm oil in these regions is one of the main factors driving its oleochemicals demand. Also due to the sudden increase in the capacity for palm production in this region along with strong and developing integration of raw materials are some other reasons for the influencing oleochemicals industry. Government support in the form of tax benefits particularly in the emerging markets of China and India aiming to promote manufacturing biodegradable chemicals will complement the growth in these countries. Oleochemicals market in the European region is also anticipated to witness considerable growth in the coming years owing to the growing popularity of biodiesel as an alternative to petroleum-based fuels in the region. Further instable petroleum prices and favorable policies are likely to drive the biodiesel demand which in turn will result in the optimistic growth of Oleochemicals in the European market over the next many years.
Competitive Landscape
The growing competition among the leading players to deliver better products is expected to bring favourable results in the global Oleochemicals market in the forthcoming years. The manufacturers are taking realistic approaches to replace bio-based chemicals from petrochemicals to reduce the re-equipping and re-formulation time and cost. The market is witnessing huge opportunities for diversification and these kinds of activities are likely to be seen in the coming years across the world.
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Table of Contents – Major Key Points
- Overview and Scope
- Executive Summary
- Oleochemicals Market Insights
- Oleochemicals Market Size and Forecast by Product Type
- Oleochemicals Market Size and Forecast by Application
- Oleochemicals Market Size and Forecast by Regions
- Company Profiles
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