According to a new report by EMR titled, ‘Global Oleochemicals Market Report and Forecast 2020-2025’, the global oleochemicals market is being driven by the growing global fatty alcohols market, which attained a production volume of nearly 3.6 million metric tons in 2019. The global fatty alcohols market is further expected to grow at a CAGR of 4.5% between 2020 and 2025 to reach a capacity of almost 4.7 million metric tons by 2025.
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The global oleochemicals market is being driven by the growing fatty alcohol and fatty acids markets. The Asia Pacific leads the global oleochemicals market, accounting for over 40% of the total global production. Further, with the rising concern regarding the environment, the demand for natural oleochemicals, which are derived from natural oils, is increasing, thus, impacting the market positively. As the oleochemical products are mainly derived from naturally occurring fats and oils from organic sources like palm oil, their demand has increased globally. The oleochemical products are versatile and can be used in a wide variety of applications, including in the production of detergents, shampoos, soaps, cosmetics, pharmaceutical products, food additives, plastics, and others. Thus, the growth of the oleochemicals market is being supported by the demand from major consumer goods companies like Unilever (NYSE: UL) and the Procter and Gamble Company (NYSE: PG).
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Market Breakup by Types:
1 Fatty Acid
2 Fatty Alcohol
3 Others
Market Breakup by Applications:
1 Soap & Detergent
2 Intermediate Plastic
3 Coating & Resin
4 Lubricants & Grease
5 Paper
6 Rubber
7 Personal care
8 Others
Market Breakup by Regions:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Competitive Landscape & Supplier Analysis:
1 BASF SE
2 Wilmar International Ltd
3 Kuala Lumpur Kepong Berhad (“KLK”)
4 IOI Corporation Berhad
5 Kao Corporation
6 Ecogreen Oleochemicals Pte. Ltd
7 Musim Mas Holdings Pte. Ltd
8 Others
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