THE GLOBAL OLEOCHEMICALS MARKET SIZE IS EXPECTED TO REACH USD 38,577.16 MILLION BY 2026, GROWING AT A CAGR OF 5.74% DURING THE PERIOD 2021-2026

The Oleochemicals Market Share, Size & Trends Analysis Report by Type (Fatty Acids, Fatty Alcohols, Glycerin, Methyl Ester, and Others), Application (Soaps and Detergents, Personal Care and Cosmetics, Pharmaceuticals, Food and Beverages, and Others), Raw Material (Tropical Oil and Animal Oil), and Geography (North America, Europe, APAC, Latin America, and the Middle East & Africa); Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021–2026.

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Most Exhaustive Report

245 Pages

111 Tables

75 Charts

5 Regions

17 Countries

25 Companies

4 Market Segment

OLEOCHEMICALS MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (REVENUE) USD 38,577.16 MILLION (2026)
CAGR 5.74% (2021-2026)
BASE YEAR 2020
FORECAST YEAR 2021-2026
MARKET SEGMENTS Type (Fatty Acids, Fatty Alcohols, Glycerin, Methyl Ester, and Others), Application (Soaps and Detergents, Personal Care and Cosmetics, Pharmaceuticals, Food and Beverages, and Others), and Raw Material (Tropical Oil and Animal Oil)
GEOGRAPHIC ANALYSIS North America, Europe, APAC, Latin America, and Middle East & Africa
COUNTRIES COVERED US, Canada, Germany, UK, France, Spain, Italy, Indonesia, Malaysia, India, China, Philippines, Saudi Arabia, UAE, South Africa, Brazil, and Argentina

OLEOCHEMICALS MARKET INSIGHTS

The global oleochemicals market was valued at USD 27,594.15 million in 2020 and is expected to reach USD 38,577.16 million by 2026, growing at a CAGR of 5.74% during 2021-2026.

Oleochemical-based products provide various diversification opportunities for chemical companies. The shift towards global trends is expected to boost the oleochemicals industry. To match the increasing demand from the consumers, the manufacturers are focusing on oleochemicals as renewable, sustainable alternatives to petrochemicals in the chemical industry. The growing acceptance of performance-oriented oleochemicals is driving the growth of the market.

According to the recent trends, the cost hikes in petrochemicals spurred the significant growth of green chemicals. The marketplace for oleochemicals green chemistry is about to outpace the general global chemical industry during the forecast period. Small players are competing with multinational conglomerates and gain market share for specialty niche products.

SNIPPETS

  • The growing demand for bio-based eco-friendly products is surging the growth of oleochemicals in multiple applications across North America. The oleochemical industry in North America is expected to cross USD 7 billion million by 2026.
  • In recent years, tropical oils have been environmentally friendly and animal cruelty-free, gaining high traction in the global industry. The tropical oil market will grow at a faster rate during the forecast period.
  • The personal care sector is witnessing rapid growth in emerging economies such as China, India, and Latin American countries, which in turn, is fueling the demand for oleochemicals.
  • Tallow oil is one of the major driving factors responsible for the growth of the oleochemicals industry in the Middle East & Africa. The oleochemicals industry in Middle East & Africa is expected to grow at a CAGR of more than 5% in the upcoming years.
  • Asia-Pacific Oleochemicals market is expected to gain market growth in the forecast period.

OLEOCHEMICALS MARKET SEGMENTATION

This research report includes a detailed segmentation by

  • Type
  • Application
  • Raw Material
  • Geography

OLEOCHEMICAL MARKET SEGMENTS

Type: The increase in spending on healthcare and rising awareness associated with the health consciousness of the people are boosting the demand for pharmaceutical products. The growing pharmaceutical industry demands more raw materials, excipients, and glycerin, resulting in the high growth of the whole oleochemicals industry.  

Application: Oleochemicals in detergents are used to produce more lather and increasing cleansing properties. With the increasing concerns and environmental friendliness of oleochemicals, the manufacturers are promoting the adoption of oleochemicals across all detergents in the global market.

Raw Material: Tropical oils are healthy for consumption and use; this has encouraged manufacturers to adopt oleochemicals derived from tropical oil in multiple applications. The tropical oils in the global oleochemicals market to cross USD 30 billion by 2026.

GEOGRAPHICAL ANALYSIS

North America: North America has been a traditional market for oleochemical. The US is the biggest market for oleochemicals in North America. The growing use of oleochemicals and regulations of the FDA has amplified the growth of oleochemicals in the North American region.

Europe: Germany dominates the oleochemicals market growth in the European regions due to the feedstocks being importer but later developed by German manufacturers like BASF and Emery oleochemicals.

APAC: Indian companies initiated using oleochemicals in agrochemicals in the APAC region. To capitalize on business opportunities in the APAC region, chemical companies are exploring partnerships and mergers with oleochemicals companies to boom in the market. 

Latin America: A surge in demand for soybean crops is providing sustainable solutions to manufacturers. The favorable support by government regulations towards the use of eco-friendly products is driving the growth of Brazil and the Argentinian oleochemicals market in Latin America. 

Middle East & Africa: The growth of the pharmaceutical and personal care industry in the Middle East & Africa is augmenting the growth in usage of oleochemicals which in turn is accelerating the growth of the market in the region. 

VENDOR ANALYSIS

Companies in the oleochemicals industry focus on mergers and acquisitions to strengthen their product portfolio and enter new markets. Regional players have started to expand their presence internationally to gain a high market share. Manufacturers are extensively investing in R&D to develop innovative products to get an edge over the competition. For instance, Emery oleochemicals have expanded its distribution partnership with Omya Inc. The company provides technical support to Emery’s US customers for Green Polymer additives products, such as lubricants and specialty plasticizers.

The global oleochemicals market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:

  • Type
    • Fatty Acids
    • Fatty Alcohols
    • Glycerin
    • Methyl Ester
    • Others
  • Application
    • Soaps and Detergents
    • Personal Care and Cosmetics
    • Pharmaceuticals
    • Food and Beverages
    • Others
  • Raw Material
    • Tropical Oil
    • Animal Oil
  • Geography
  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • APAC
  • Indonesia
  • Malaysia
  • India
  • China
  • Philippines
  • Latin America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

Frequently Asked Questions

The oleochemical market is expected to reach USD 38,577.16 million by 2026.
Soap & detergent application segment is dominating the oleochemical industry.
BASF, Croda International plc, Evonik, Wilmar, and Emery oleochemicals are the key players in the oleochemicals industry.
Increasing demand for green chemicals and rising acceptance of bio-degradable chemicals are the factors driving the oleochemicals industry.
APAC is the largest exporter and is dominating the oleochemical market, which is expected to reach USD 16784.46 million by 2026.
Asia-Pacific region is not only the major producer but also a major consumer of oleochemicals in various products like personal care, pharmaceutical and soaps and detergents.
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