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Global Oleochemicals Market: By Type: Fatty Acid, Fatty Alcohol, Glycerine, Ester, Others; By Application: Soap and Detergent, Intermediate Plastic, Coating and Resin, Lubricants and Grease, Others; Regional Analysis; Feedstock Analysis; Market Dynamics; Competitive Landscape; Industry Events and Developments; 2018-2028
Global Oleochemicals 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 2020.
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The industry for fatty alcohols is further expected to grow at a CAGR of 4.5% between 2021 and 2026 to reach a production volume of nearly 4.7 million metric tons by 2026. 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.
Market Segmentation
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:
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- Fatty Acid
- Fatty Alcohol
- Glycerine
- Ester
- Others
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.
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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:
- BASF SE
- Wilmar International Ltd
- Kuala Lumpur Kepong Berhad
- IOI Corporation Berhad
- Kao Corporation
- Ecogreen Oleochemicals Pte. Ltd
- Others
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.
| 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- Type, Feedstock, Application, Region |
| Breakup by Type | Fatty Acid, Fatty Alcohol, Others |
| Breakup by Application | Soap and Detergent, Intermediate Plastic, Coating and Resin, Lubricants and Grease, Paper, Rubber, Personal Care, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Feedstock Analysis | Palm, Soy, Rapeseed, Sunflower, Tallow, PalmKernel, Coconut, Others |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | BASF SE, Wilmar International Ltd, Kuala Lumpur Kepong Berhad, IOI Corporation Berhad, Kao Corporation, Ecogreen Oleochemicals Pte. Ltd, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Oleochemicals Market Analysis
8.1 Key Industry Highlights
8.2 Global Oleochemicals Historical Market (2018-2022)
8.3 Global Oleochemicals Market Forecast (2023-2028)
8.4 Global Oleochemicals Market Breakup 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 Global Oleochemicals Market Breakup by Application
8.5.1 Soap and Detergent
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 Intermediate Plastic
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Coating and Resin
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Lubricants and Grease
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Paper
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Rubber
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Personal care
8.5.7.1 Market Share
8.5.7.2 Historical Trend (2018-2022)
8.5.7.3 Forecast Trend (2023-2028)
8.5.8 Others
8.6 Global Oleochemicals Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Global Feedstock Market for Oleochemicals
10.1 Palm
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Soy
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 Rapeseed
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Sunflower
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Tallow
10.5.1 Market Share
10.5.2 Historical Trend (2018-2022)
10.5.3 Forecast Trend (2023-2028)
10.6 PalmKernel
10.6.1 Market Share
10.6.2 Historical Trend (2018-2022)
10.6.3 Forecast Trend (2023-2028)
10.7 Coconut
10.7.1 Market Share
10.7.2 Historical Trend (2018-2022)
10.7.3 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 (HS Code: 382319, 382370)
13.1.1 Major Exporting Countries
13.1.1.1 By Value
13.1.1.2 By Volume
13.1.2 Major Importing Countries
13.1.2.1 By Value
13.1.2.2 By Volume
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BASF SE
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 Wilmar International Ltd
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 Kuala Lumpur Kepong Berhad
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 IOI Corporation Berhad
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 Kao Corporation
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 Ecogreen Oleochemicals Pte. Ltd
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Industry Events and Developments
List of Key Figures and Tables
1. Global Oleochemicals Market: Key Industry Highlights, 2018 and 2028
2. Global Oleochemicals Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Oleochemicals Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Oleochemicals Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Oleochemicals Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Oleochemicals Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Oleochemicals Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Oleochemicals Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Oleochemicals Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Oleochemicals Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Oleochemicals Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Oleochemicals Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Oleochemicals Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Oleochemicals Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Oleochemicals Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Oleochemicals Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Oleochemicals Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Global Feedstock Market for Oleochemicals
23. Global Oleochemicals Market Structure
Key Questions Answered in the Report
In 2020, the global oleochemicals market was aided by fatty alcohols industry, which attained a value of nearly 3.6 million metric tons.
The market is aided by fatty alcohols which is projected to grow at a CAGR of 4.5% between 2021 and 2026.
The market is aided by fatty alcohols market, which is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach 4.7 million metric tons by 2026.
The major market drivers include rising population, rise in industrialisation, and the expanding food and beverage sector.
The key market trends are rising demand for personal care products and growing pharmaceuticals industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Asia Pacific accounting for the largest share in the market.
Fatty alcohol is the dominant type in the industry due to its primary use for soap production.
The application sectors include soap and detergent, intermediate plastic, coating and resin, lubricants and grease, paper, rubber, and personal care, among others.
The major players in the industry BASF SE, Wilmar International Ltd, Kuala Lumpur Kepong Berhad, IOI Corporation Berhad, Kao Corporation, and Ecogreen Oleochemicals Pte. Ltd, among others.
Analyst Review
The global oleochemicals market is aided by the fatty alcohols market, which attained a volume of 3.6 million metric tons in 2020, driven by the expanding pharmaceuticals industry, the fatty alcohols market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.5%. The fatty alcohol market is projected to reach 4.7 million metric tons by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the oleochemicals industry can be segmented into fatty acids, fatty alcohols, among others, with fatty alcohols accounting for the largest market share. The application sectors include soap and detergent, intermediate plastic, coating and resin, lubricants and grease, paper, rubber, and personal care, among others. Major regional markets for oleochemicals are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include BASF SE, Wilmar International Ltd, Kuala Lumpur Kepong Berhad, IOI Corporation Berhad, Kao Corporation, and Ecogreen Oleochemicals Pte. Ltd, among others.
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 market insights that are accurate, actionable, and help them remain ahead of their competition.
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