Oleochemicals Market by Type and Application - Global Industry Analysis and Forecast To 2022
LAS VEGAS, Nov. 21, 2017 (GLOBE NEWSWIRE) -- The latest trending report published by Crystal Market Research titled, Oleochemicals Market, approximates that the Oleochemicals Market size is estimated to flourish at a significant CAGR in the future, and this is attributed to the escalation in need for this product across the globe along with novel innovations in the market.
In 2012, the global Oleochemicals Market was evaluated around USD 16.05 billion and is expected to reach approximately USD 33.19 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 7.54% over the forecast period owing declining dependence on petrochemicals is projected to be a key factor fueling the growth during the next few years. Encouraging government regulations concerning financial incentives and tax benefits for bio-based chemical manufacturers are anticipated to impact the market growth positively. The innovations in applications along with product development are predicted to generate opportunities for market players during the projected period. The steady raw material supply, especially in the Southeast Asian nations like Malaysia and Indonesia, is estimated to be a major concern for market players. Oleochemicals are utilized in an extensive variety of applications involving personal care, surfactants, soaps, food additives, and detergents. Key chemical manufacturers have switched their preference towards utilizing-based chemicals for producing polymers. This is expected to influence the market players positively for acquiring the downstream potential of several oleochemicals like fatty acid glycerol, esters, and alcohols. The growing demand for bio-diesel might cause a rise in biofuel costs which are frequently affected by alterations in the blending norms and government policies.
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The report Oleochemicals Market render a wide-ranging analysis of the said market in terms of product, regional, application and end user segmentation. The report comprises of the present market size of this industry. Also, the potential outlooks and current market summary of this segment has been thoroughly analyzed in this report. Moreover, chief market players of the Oleochemicals Market are studied on various factors like product portfolio, company profile, sales analysis, revenue generation through the forecast period.
Major Market Players
- BASF
- SABIC
- Cargill
- AkzoNobel
- Wilmar International
- TerraVia
- Evonik
- Evyap
- Ecogreen Oleochemicals
- Godrej Industries
- KLK Oleo
- Oleon NV
- Musim Mas Group
- IOI Group
- Croda International
- Procter & Gamble Co.
- Chemical Associates Inc.
- Twin River Technologies
- Emery Oleochemicals
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Table of Contents
- Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research - Executive Summary
2.1. Key Highlights - Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Unbalanced petrochemical prices
3.2.1.2. Rising demand for sustainable and biodegradable products
3.2.2. Restraints
3.2.2.1. Modification in environmental regulations and combination norms
3.2.3. Opportunities - Oleochemicals Market, By Application
- Oleochemicals Market, By Region
- Company Profiles
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Report’s Magnitude:
This report contains Segment wise in-depth analysis in terms several above-mentioned segments along with market size forecasts and approximations to observe significant areas of industry growth in detail. Additionally, an executive summary, summarizing the entire report in such a way that decision-making team can speedily become familiar with background information, summarizing analysis and main conclusions.
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