The global oleochemicals market reached a value of US$ 22.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 33.9 Billion by 2027, exhibiting a CAGR of 7.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Oleochemicals are organic compounds derived from the hydrolysis of natural vegetable oil, such as soybean, sunflower, corn; and animal fats, such as rendered fats, tallow, lard and fish. Currently, fatty acids, glycerine, methyl esters and fatty alcohols are the most common types of oleochemicals available in the market. They exhibit low toxicity, are biodegradable, environment-friendly and are rapidly replacing traditionally used petrochemicals. In addition to this, oleochemicals find extensive application in the production of biodiesel, bioplastics, green solvents, while acting as an intermediary in the pharmaceutical, rubber, paint and lubricant industries.

Oleochemicals Market Trends:
The increasing demand for biodiesel, along with the rapid growth of the fast-moving consumer goods (FMCG) sector, represent as the key factors driving the growth of the market. Furthermore, the growing adoption of oleochemicals by chemical manufacturers for the production of bio-surfactants, bio-lubricants and biopolymers, as sustainable alternatives to petrochemicals, is also acting as a major growth-inducing factor. Additionally, there is an increasing consumer preference for natural ingredients in cosmetics, baby care products, soaps and food additives. For instance, oil-based oleochemicals are combined with caustic soda, sodium, fragrances and preservatives to manufacture organic soaps. Rapid industrialization across the globe is another factor contributing to the growth of the market. Oleochemicals are utilized as softening, polishing and vulcanizing agents for rubber products, and in the production of industrial lubricants, hydraulic fluids and base oils. Other factors, including enhanced research and development (R&D) to utilize metabolic engineering strategies for the production of oleochemicals using renewable and sustainable feedstocks, are projected to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global oleochemicals market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, form, application and feedstock.

Breakup by Type:

Fatty Acids
Fatty Alcohols
Glycerine
Others

Breakup by Form:

Liquid
Solid
Flakes
Pellets
Beads
Others

Breakup by Application:

Soaps and Detergents
Plastics
Paper
Lubricants
Rubber
Coatings and Resins
Personal Care Products
Others

Breakup by Feedstock:

Palm
Soy
Rapeseed
Sunflower
Tallow
Palm Kernel
Coconut
Others

Breakup by Region

North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others
Middle East and Africa
Turkey
Saudi Arabia
Iran
United Arab Emirates
Others

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being Akzo Nobel N.V., BASF SE, Cargill Inc., Emery Oleochemicals Group, Evonik Industries, Evyap Oleo, Godrej & Boyce, Kao Corporation, KLK Oleo, Myriant, Oleon NV, Procter & Gamble Company, PTT Global Chemical Public Company, TerraVia Holding Inc., Wilmar International Ltd., etc. Key Questions Answered in This Report:
How has the global oleochemicals market performed so far and how will it perform in the coming years?
What are the key regional markets in the global oleochemicals industry?
What has been the impact of COVID-19 on the global oleochemicals market?
What is the breakup of the market based on the type?
What is the breakup of the market based on the form?
What is the breakup of the market based on the application?
What is the breakup of the market based on the feedstock?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the global oleochemicals industry?
What is the structure of the industry and who are the key players?
What is the degree of competition in the market?