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Market Outlook
The global oleochemicals market is being aided by the growth of fatty alcohol and fatty acids markets. The fatty alcohols industry attained a production volume of 3.6 million metric tons in 2019. The industry for fatty alcohols is further expected to grow at a CAGR of 4.5% between 2020 and 2025 to reach a production volume of nearly 4.7 million metric tons by 2025. The Asia Pacific oleochemicals market is the leading region for oleochemicals, accounting for more than 40% of the global production. The regional oleochemicals market is anticipated to continue to be the most profitable regional market in the future, as well. It has a significant consumer base in countries such as Korea, China, India and Japan, and many other developing economies within the region.
With the increasing demand for sustainability factors, the preference for natural oleochemicals will boost the demand for oleochemicals derived from natural oils. The consumer end-market is moving progressively towards environment-friendly products. The leading and upstream oleochemical producers are now moving from synthetic to natural feedstocks such as palm kernel oil (PKO), coconut oil, and tallow to remain competitive. The rising environmental and regulatory pressures on surfactant manufacturers also drive the demand for oleochemicals that are produced naturally. Palm kernel oil, one of the feedstock, is the most traded commodity due to its availability and the premium quality of end products. The major exporters of palm kernel oil are Southeast Asia, followed by the US and the EU. The anticipated growth in palm yields will probably promote the growth of the fatty acids industry. At present, excess fatty acids are in the supply market, and operating rates are expected to decrease overcapacity.
The key producing countries of fatty acids include Asia, accounting for around 70% of the production. The European Union and North America follow Asia. Fatty alcohols are also majorly produced in Asia, accounting for nearly half of the global fatty alcohol production. Indonesia stands as one of the major exporting countries, whereas China, the United States, and Germany are among the major importers of fatty alcohols. China imports fatty alcohols primarily for soap production. Asia also has the leading palm kernel oil and coconut oil sourcing regions, like Indonesia, Malaysia, and the Philippines, which produce and consume natural oleochemicals.
Properties and Applications
Oleochemicals are plant-and animal-derived chemicals. Various chemical and enzymatic reactions are involved in the development of basic oleochemical products such as fatty acids, fatty acid methyl esters, fatty alcohols, fatty amines, and glyceroles. These oleochemicals have special properties such as excellent emollience, surface activity, emulsifying characteristics, and other beneficial biological characteristics. The various types of oleochemicals are:
Oleochemicals have wide applications in the production of soap and detergent, intermediate plastic, coating and resin, paper, rubber, personal care, and lubricants and grease, among others.
The report also covers the regional markets of the product like North America, Europe, the Middle East and Africa, the Asia Pacific, and Latin America.
Market Analysis
The global oleochemicals market is rapidly growing due to the increased demand for personal care products. The industry is significantly driven by the expanding food and beverage sector and the growing pharmaceuticals industry. The easy availability of raw materials, especially in regions like Malaysia, Indonesia, China, as well as Thailand, is likely to drive the industry growth further. The increasing biodiesel demand is also an essential factor in driving the oleochemicals market growth.
The global oleochemicals market is being driven by the growth of the end-use industries and the increasing purchasing power of consumers in the growing economies, like India and China. The rising environmental and regulatory pressures on surfactant manufacturers are increasing the natural and renewable raw materials usage and, hence, are supporting the growth of the oleochemicals market. The Asia Pacific is one of the most important demand markets due to growing industries in countries like India and China.
Palm kernel oil and coconut oil are the leading feedstock because they have a wide mix of all the fatty acids. The UK is currently dependent on the European Union for feedstock, which leads to an increase in imports, aiding the global oleochemicals market. The trade volume of the oleochemicals market has been rising ever since 2017 after witnessing an economic slowdown between 2011 and 2016. The trans-pacific partnership is expected to open better trade opportunities for Asia, thus, supporting the global oleochemicals market growth.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global oleochemicals market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the oleochemicals market based on Porter’s five forces model along with giving a SWOT analysis.
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Oleochemicals Market Analysis
6.1 Figure: Global Oleochemicals Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Oleochemicals Market Breakup by Type
6.2.1 Fatty Acid
6.2.2 Fatty Alcohol
6.2.3 Others
6.3 Chart: Global Oleochemicals Market Breakup by Application
6.3.1 Soap & Detergent
6.3.2 Intermediate Plastic
6.3.3 Coating & Resin
6.3.4 Lubricants & Grease
6.3.5 Paper
6.3.6 Rubber
6.3.7 Personal care
6.3.8 Others
6.4 Figure: Global Oleochemicals Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.4.1 Soap & Detergent
6.4.2 Intermediate Plastic
6.4.3 Coating & Resin
6.4.4 Lubricants & Grease
6.4.5 Paper
6.4.6 Rubber
6.4.7 Personal care
6.4.8 Others
6.5 Chart: Global Oleochemicals Market Breakup by Region
6.5.1 North America
6.5.1.1 United States of America
6.5.1.2 Canada
6.5.2 Europe
6.5.2.1 Germany
6.5.2.2 United Kingdom
6.5.2.3 France
6.5.2.4 Italy
6.5.2.5 Others
6.5.3 Asia Pacific
6.5.3.1 China
6.5.3.2 Japan
6.5.3.3 India
6.5.3.4 ASEAN
6.5.3.5 Others
6.5.4 Latin America
6.5.4.1 Brazil
6.5.4.2 Argentina
6.5.4.3 Mexico
6.5.4.4 Others
6.5.5 Middle East & Africa
6.5.5.1 Saudi Arabia
6.5.5.2 United Arab Emirates
6.5.5.3 Nigeria
6.5.5.4 South Africa
6.5.5.5 Others
6.6 Figure: Global Oleochemicals Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.6.1 North America
6.6.1.1 United States of America
6.6.1.2 Canada
6.6.2 Europe
6.6.2.1 Germany
6.6.2.2 United Kingdom
6.6.2.3 France
6.6.2.4 Italy
6.6.2.5 Others
6.6.3 Asia Pacific
6.6.3.1 China
6.6.3.2 Japan
6.6.3.3 India
6.6.3.4 ASEAN
6.6.3.5 Others
6.6.4 Latin America
6.6.4.1 Brazil
6.6.4.2 Argentina
6.6.4.3 Mexico
6.6.4.4 Others
6.6.5 Middle East & Africa
6.6.5.1 Saudi Arabia
6.6.5.2 United Arab Emirates
6.6.5.3 Nigeria
6.6.5.4 South Africa
6.6.5.5 Others
6.7 Global Fatty Acid Market Analysis
6.7.1 Figure: Global Fatty Acid Production Historical Market (2015-2019) & Forecast (2020-2025)
6.7.2 Chart: Global Fatty Acid Market Breakup by Region
6.7.2.1 North America
6.7.2.2 Europe
6.7.2.3 Asia Pacific
6.7.2.4 Latin America
6.7.2.5 Middle East and Africa
6.8 Global Fatty Alcohol Market Analysis
6.8.1 Figure: Global Fatty Alcohol Historical Market (2015-2019) & Forecast (2020-2025)
6.8.2 Chart: Global Fatty Acid Market Breakup by Region
6.8.2.1 North America
6.8.2.2 Europe
6.8.2.3 Asia Pacific
6.8.2.4 Latin America
6.8.2.5 Middle East and Africa
7 Global Oleochemicals Price Analysis
7.1 Fatty Acid Historical Price Trend (2015-2019) and Forecast (2020-2025)
7.1.1 North America
7.1.2 Europe
7.1.3 Asia Pacific
7.1.4 Latin America
7.1.5 Middle East and Africa
7.2 Fatty Alcohol Historical Price Trend (2015-2019) and Forecast (2020-2025)
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East and Africa
8 Trade Data Analysis (HS Code: 382319, 382370)
8.1 Major Exporting Countries: By Value and Volume
8.2 Major Importing Countries: By Value and Volume
8.3 Global Oleochemicals Feedstock Market Outlook
8.3.1 Coconut Oil
8.3.2 Palm Kernel Oil
8.3.3 Others
8.4 Global Oleochemicals Feedstock Analysis
8.5 Coconut Oil
8.5.1 Figure: Global Coconut Oil Historical Market (2015-2019) & Forecast (2020-2025)
8.5.2 Chart: Global Coconut Oil Production by Country
8.5.3 Chart: Global Coconut Oil Consumption by Country
8.5.4 Chart: Global Coconut Oil Market Breakup by End Use
8.5.4.1 Industrial
8.5.4.2 Food Use
8.5.4.3 Feed Waste Use
8.6 Palm Kernel Oil
8.6.1 Figure: Global Palm Kernel Oil Historical Market (2015-2019) & Forecast (2020-2025)
8.6.2 Chart: Global Palm Kernel Oil Production by Country
8.6.3 Chart: Global Palm Kernel Oil Consumption by Country
8.6.4 Chart: Global Palm Kernel Oil Market Breakup by End Use
8.6.4.1 Industrial
8.6.4.2 Food Use
8.6.4.3 Feed Waste Use
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Porter’s Five Forces Analysis
10.1 Overview
10.2 Buyer’s Power
10.3 Supplier’s Power
10.4 New Entrants
10.5 Degree of Rivalry
10.6 Substitutes
11 Value Chain Analysis
12 Procurement Strategy
12.1 Profit Margins and Turnover across the Value Chain
12.2 Contract Structure
12.3 Best Sourcing Destination
12.4 Best Negotiable Suppliers
13 Cost Analysis and Project Economics
13.1 Raw Materials
13.2 Logistics
13.3 Utilities
13.4 Manpower
13.5 Fixed Cost
14 Competitive Landscape & Supplier Analysis
14.1 BASF SE
14.1.1 Company Overview
14.1.2 Financial Analysis
14.2 Wilmar International Ltd
14.2.1 Company Overview
14.2.2 Financial Analysis
14.3 Kuala Lumpur Kepong Berhad (“KLK”)
14.3.1 Company Overview
14.3.2 Financial Analysis
14.4 IOI Corporation Berhad
14.4.1 Company Overview
14.4.2 Financial Analysis
14.5 Kao Corporation
14.5.1 Company Overview
14.5.2 Financial Analysis
14.6 Ecogreen Oleochemicals Pte. Ltd
14.6.1 Company Overview
14.6.2 Financial Analysis
14.7 Musim Mas Holdings Pte. Ltd
14.7.1 Company Overview
14.7.2 Financial Analysis
14.8 Others
15 Events and Developments
Additional Customisations Available:
16 Manufacturing Process
16.1 Detailed Process Flow
16.2 Operations Involved
16.3 Mass Balance
17 Production Cost Analysis
The global oleochemicals market is being driven by the fatty alcohols industry, which attained a production volume of 3.6 million metric tons in 2019. The fatty alcohols industry is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 4.5%. The fatty alcohols industry is projected to reach nearly 4.7 million metric tons by 2025.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on types, the oleochemicals market can be divided into fatty acid and fatty alcohol, among others. On the basis of application, the industry is segmented into soap and detergent, intermediate plastic, coating and resin, paper, rubber, personal care, and lubricants and grease, among others. The major regional oleochemicals markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific being the leading regional oleochemicals market. The key players in the industry include BASF SE, Wilmar International Ltd, Kuala Lumpur Kepong Berhad (“KLK”), IOI Corporation Berhad, Kao Corporation, Ecogreen Oleochemicals Pte. Ltd, and Musim Mas Holdings Pte. Ltd, among others.
The major drivers of the industry such as rising disposable incomes, increasing population, rising demand for personal care products, and growing food and beverage industry s are expected to aid the oleochemicals market growth. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
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