Oleochemicals Market: Dynamics
Easy availability of feedstock and expansion of end-use industries drives the global market of oleochemicals over the forecast period. Increasing commercialization of bio-based products or oleochemicals-based products, will anticipate the product demand over forecast period. Oleochemicals are cost effective and extensively available substitute for industrial chemicals and fuels. These economic and ecological advantages are responsible for boosting the demand of oleochemicals around the globe. Depletion of world fossil fuels and resources is the major concern, which is leading to implementation of more stringent rule and regulations, and growing demand for cleaner technology and green fuels. This can be a prominent driver for the growth of global oleochemicals market over the forecast period. Research & develop sector are working on oleochemicals for development of new products and its substituent, which find its application in personal care & cosmetic, food industries, which intend to create a growth opportunity for oleochemicals market over forecast period.
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Oleochemicals Market: Segmentation
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| On the basis of Physical Forms |
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| On the basis of Application |
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Oleochemicals Market: Regional Outlook
It is witnessed to have large number of manufacturers in Southeast Asian countries such as Indonesia and Malaysia along with high demand for local markets has been a key factor for driving the regional oleochemicals market. Government provides tax benefits for the emerging markets of India and China for the promotion of manufacturing of biodegradable chemicals is projected to drive the growth in this sector.
Asia Pacific region is witnessed to have prominent share of oleochemicals market for both production and consumption. Rising concern for bio-based cosmetic and personal care product in Europe region, is anticipated to fuel the growth of oleochemicals market in this region.
In Europe and US oleochemicals are used in the form of fatty acids and fatty alcohols, which have its application in soap, and detergents, this factor can propel the market growth of oleochemicals in this region.
Oleochemicals Market: Key Players
Example of some major key participants in the value chain of global oleochemicals market include are:
- Emery Oleochemicals
- Wilmar International
- Oleon NV, KLK Oleo
- Du Pont
- Procter & Gamble Co
- IOI Group
- Musim Mas Group
- Croda International
- Chemical Associates Inc
- Twin River Technologies,
- Godrej Industries
- BASF
- Solvay
- Cargill Inc
- Evyap Oleo
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