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Latin America Oleochemicals Market Share, Size, Trends, Price, Demand: By Type: Fatty Acid, Fatty Alcohol, Glycerine, Ester, Others; By Form: Solid, Liquid; By End Use: Soap and Detergent, Intermediate Plastic, Coating and Resin, Personal Care, Paper; Regional Analysis; Competitive Landscape; Industry Events and Developments; 2023-2028
Latin America Oleochemicals Market Outlook
The Latin America oleochemicals market size reached a value of about USD 735.37 million in 2021. It is expected to expand further at a CAGR of roughly 3.9% in the forecast period of 2023-2028. The market size will reach a value of around USD 950.73 million by 2027.
News and Developments in the Market
In July 2022, B.A.S.F.'s production site in Italy was certified according to the Rainforest Alliance Mass Balance certification scheme. This made B.A.S.F. the first company to offer certified sustainable personal care products based on coconut oil.
The certification was made possible with the partnership between BASF, Cargill, The Procter & Gamble Company (P&G) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, a German government agency. This can be a key driving factor for Latin America oleochemicals market during the forecast period.
In September 2020, Emery Oleochemicals, a speciality chemical manufacturer, launched its new general purpose fatty acid esters product line named EMERY E.
It is a bio-based product, presented and provided as a sustainable alternative to petrochemical-based materials. It can be used for the formation of a wide range of products, including solvent, adhesive, additives, and lubricant, among others.
Latin America Oleochemicals Market Trends
Oleochemicals are chemical compounds derived from animal fat, vegetable fat, or oil. These can substitute the use of petrochemicals in petroleum-based products. The production of oleochemicals is carried out through processes like hydrolysis, alcoholysis, and hydrogenation, among other processes. These chemical compounds contain little to zero carcinogens, which makes them a safer option than any other synthetic chemical alternative.
- The increasing demand for oleochemicals for application in personal care, detergents, food and beverages is driving the market growth.
- The steady growth of the green chemical market due to the rising awareness of the environment among people will add to the Latin America oleochemicals market.
- The lower cost and sustainable raw materials of oleochemicals as compared to fossil fuels, are expected to enhance the market growth.
Latin America Oleochemicals Market Analysis
The market can be segmented based on type into fatty acid, fatty alcohol, glycerine, and ester, among others. Based on the form, it can be bifurcated into solid and liquid. Based on end-uses, the market segments include soap and detergent, intermediate plastic, coating and resin, personal care, paper, lubricants and grease, and rubbers, among others. The regional markets for the oleochemicals market can be divided into Brazil, Argentina, Mexico, and Colombia, among others.
The extensive E.M.R. report provides an in-depth evaluation of the market based on Porter's five forces model and a SWOT analysis.
The Latin America oleochemicals market report comprehensively analyses key players in the market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- CREMER OLEO GmbH & Co. KG
- Vantage Specialty Chemicals
- Baerlocher GmbH
- Materia Hnos. S.A.C.I.F.
- Evonik Industries AG
- Others
Types of Oleochemicals in the Market Include Fatty Acid, Fatty Alcohol, Glycerine, And Ester
Based on type, the market can be segmented into glycerine, fatty acid, fatty alcohol, and ester, among others.
Glycerine is made from raw natural vegetable oils like palm, soy, and coconut oils, which are rich in triglycerides. They are heated with a strong alkali such as lye . Glycerine has many benefits for the skin and helps it stay moisturised. It is one of the fastest growing segments of oleochemicals in the market due to rising demand from the personal care and cosmetic market.
Fatty alcohols are derived from fatty acids, and fatty acids are carboxylic acids that are found in fats, oils, and waxes. They are most used for making soaps, detergents, and surfactants. Fatty alcohols are usually used as emulsifiers, emollients, and thickeners in cosmetic formulations.
Esters are formed by the substitution reaction of carboxylic acid and alcohol. Esters are used in the oleochemical market to manufacture various industrial chemicals that can substitute petrochemicals.
Forms of Oleochemicals in the Market include Solid and Liquid
Based on form, the segments in the Latin America oleochemicals market include solid and liquid forms. The liquid form segment is leading in the market. They are the most utilised in the market, and the products in this form available in the market include lubricants, glycerin, and other chemical products.
The Product Finds End-Uses in Soap, Detergent, Intermediate Plastic, Coating, Resin, Personal Care, Paper, Lubricants, Grease, And Rubbers
Based on end-uses, the market segments include soap and detergent, paper, personal care, rubber, intermediate plastic, lubricant and grease, coating and resin, among others.
Soap and detergent segment holds a significant share of the market. They are the most common end-uses in the market. Personal care is the largest segment in the market, and it is expected to grow further with the increasing demand for eco-friendly products.
The lubricant and grease segment is expected to show significant growth during the forecast period, owing to the technological advancements and growing surfactant industry.
The coating and resin segment utilises oleochemicals as additives in paints to improve the spread and achieve different results.
The Regional Outlook for Latin America Oleochemicals Market
In the Latin American market of oleochemicals, Brazil and Argentina hold the most significant share. This can be attributed to the thriving population and increasing demand for sustainable and biodegradable products.
Surfactants made of oleochemicals instead of petrochemicals are rising in demand. The petrochemicals are becoming costly and are non-renewable. Oleochemicals are being used as a replacement for petrochemicals as they are sustainable and renewable.
Competitive Landscape
CREMER OLEO GmbH & Co. K.G. is a Germany-based chemical company specialising in producing and distributing oleochemicals. The company focuses on vegetable oils and their derivatives like glycerine, fatty acids and alcohols, and bioethanol.
Vantage Speciality Chemicals is an American speciality chemical company. It is engaged in four business fields: personal care, oleochemicals, performance materials, and foods. They provide products like Jojoba oil, moisturisers, colour cosmetics, hair colours, and bath and shower products.
Baerlocher GmbH is a global market leader in additives for the plastic industry. It provides additives for P.V.C. and metal stearates for plastic applications. Their products include lead commodities, P.V.C. stabilisers, polymer stabilisers, and special additives, including lubricants, oleochemicals, and metal soaps.
Materia Hnos S.A.C.I.F is one of the top companies in the production of oleochemicals and by-products. They offer products for cosmetic, paint, plastic, pharmaceutical, food, and rubber industries. The oleochemical products produced by the company include stearic acid, oleic acid, ácido graso destilado, ácido graso vegetal, and glycerin. These oleochemicals are obtained from beef tallow and vegetable oils depending on the volume required.
Evonik Industries AG is a speciality chemical company based in Germany. It is one of the world's leading companies, offering a wide range of products from agriculture and food to electronics and machinery.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Form |
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| Breakup by End Use |
|
| Breakup by Region |
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| Market Dynamics |
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| Trade Data Analysis |
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| Price Analysis |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Latin America Oleochemicals Market Analysis
8.1 Key Industry Highlights
8.2 Latin America Oleochemicals Historical Market (2018-2022)
8.3 Latin America Oleochemicals Market Forecast (2023-2028)
8.4 Latin America Oleochemicals Market by Type
8.4.1 Fatty Acid
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Fatty Alcohol
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Glycerine
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Ester
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Latin America Oleochemicals Market by Form
8.5.1 Solid
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Liquid
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Latin America Oleochemicals Market by End Use
8.6.1 Soap and Detergent
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Intermediate Plastic
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Coating and Resin
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Personal Care
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Paper
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Lubricants and Grease
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2022)
8.6.6.3 Forecast Trend (2023-2028)
8.6.7 Rubber
8.6.7.1 Market Share
8.6.7.2 Historical Trend (2018-2022)
8.6.7.3 Forecast Trend (2023-2028)
8.6.8 Others
8.7 Latin America Oleochemicals Market by Country
8.7.1 Market Share
8.7.1.1 Brazil
8.7.1.2 Argentina
8.7.1.3 Mexico
8.7.1.4 Colombia
8.7.1.5 Others
9 Regional Analysis
9.1 Brazil
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Argentina
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Mexico
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Colombia
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
10 Latin America Feedstock Market for Oleochemicals
10.1 Palm
10.1.1.1 Market Share
10.1.1.2 Historical Trend (2018-2022)
10.1.1.3 Forecast Trend (2023-2028)
10.2 Soy
10.2.1.1 Market Share
10.2.1.2 Historical Trend (2018-2022)
10.2.1.3 Forecast Trend (2023-2028)
10.3 Rapeseed
10.3.1.1 Market Share
10.3.1.2 Historical Trend (2018-2022)
10.3.1.3 Forecast Trend (2023-2028)
10.4 Sunflower
10.4.1.1 Market Share
10.4.1.2 Historical Trend (2018-2022)
10.4.1.3 Forecast Trend (2023-2028)
10.5 Tallow
10.5.1.1 Market Share
10.5.1.2 Historical Trend (2018-2022)
10.5.1.3 Forecast Trend (2023-2028)
10.6 PalmKernel
10.6.1.1 Market Share
10.6.1.2 Historical Trend (2018-2022)
10.6.1.3 Forecast Trend (2023-2028)
10.7 Coconut
10.7.1.1 Market Share
10.7.1.2 Historical Trend (2018-2022)
10.7.1.3 Forecast Trend (2023-2028)
10.8 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Trade Data Analysis
13.1 Major Exporting Countries
13.1.1 By Value
13.1.2 By Volume
13.2 Major Importing Countries
13.2.1 By Value
13.2.2 By Volume
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 CREMER OLEO GmbH & Co. KG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Vantage Specialty Chemicals
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Baerlocher GmbH
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Materia Hnos. S.A.C.I.F.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Evonik Industries AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Industry Events and Developments
List of Key Figures and Tables
1. Latin America Oleochemicals Market: Key Industry Highlights, 2018 and 2028
2. Latin America Oleochemicals Historical Market: Breakup by Type (USD Million), 2018-2022
3. Latin America Oleochemicals Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Latin America Oleochemicals Historical Market: Breakup by Form (USD Million), 2018-2022
5. Latin America Oleochemicals Market Forecast: Breakup by Form (USD Million), 2023-2028
6. Latin America Oleochemicals Historical Market: Breakup by End Use (USD Million), 2018-2022
7. Latin America Oleochemicals Market Forecast: Breakup by End Use (USD Million), 2023-2028
8. Latin America Oleochemicals Historical Market: Breakup by Country (USD Million), 2018-2022
9. Latin America Oleochemicals Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Major Exporting Countries by Value
11. Major Importing Countries by Value
12. Major Exporting Countries by Volume
13. Major Importing Countries by Volume
14. Latin America Feedstock Market for Oleochemicals
15. Latin America Oleochemicals Market Structure
Key Questions Answered in the Report
In 2021, the market for oleochemicals attained a size of nearly USD 735.37.
The market is expected to expand at a CAGR of 3.9% in 2023 and 2028.
The market forecast report has estimated a steady growth of the market to reach a value of USD 950.73 by 2027.
The increasing demand for oleochemicals for personal care products and the low cost of raw materials are the key driving factors in the market.
The major trends followed in the market are the rising environmental awareness among people and the flourishing green chemical market aided by the increasing awareness.
The major regions for oleochemicals in Latin America are Brazil, Mexico, Argentina, and Colombia, among others.
The types in the market include fatty acid, fatty alcohol, glycerine, and ester, among others.
The market includes two forms of oleochemicals solid and liquid.
The different end-uses include in the market include household detergents, personal care, institutional and industrial cleaners, agricultural chemicals, food processing, oilfield chemicals, paints and coatings, plastics, and textile, among others.
The major players in the industry include CREMER OLEO GmbH & Co. KG, Vantage Specialty Chemicals, Baerlocher GmbH, Materia Hnos. S.A.C.I.F., and Evonik Industries AG, among others.
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