Rising demand of oleochemicals driven by the rising demand for biodegradable products combined with the growing awareness for renewable sources is driving the global oleochemicals market

Date: 20 June 2016

According to Azoth Analytics research report, “Global Oleochemicals Market (By Application, By Type, By Raw Material, By Region): Opportunities and Forecasts (2016-2021) - (By Raw Material -Tropical Oil, Soft Oil, Animal Fat; By Type - Fatty Acid, Fatty Alcohol, Glycerine; By Application- Pharmaceutical, Food & Beverages, Detergents & Soaps, Personal Care & Cosmetics; By Region – APAC, Europe, RoW; By Country- Malaysia, Indonesia, India, China), Global Oleo Chemicals Market is projected to exhibit a CAGR of over ~7.48% during 2016 – 2021, driven by the increasing consumption of bio based products among the population. 

Oleochemicals are made up of vegetable oil and fat. Fatty acid, Fatty alcohols and glycerine derived from the natural renewable sources are used in producing eco-friendly products. World production of oleochemicals is driven by rising demand for natural products coupled with increasing health and environmental awareness.

From the market point of view, consumption of natural by-products will increase in the forecast period. However, given the rising awareness among the consumers over the benefits of bio degradable, market for the same is expected to witness stronger growth over time.

Among the regions, APAC holds the major market due to wide consumption of foods considering the presence of large population, and remains a strong market in the forecast period, followed by the Europe region.

The report titled “Global Oleochemicals Market (By Application, By Type, By Raw Material, By Region): Opportunities and Forecasts (2016-2021) - (By Raw Material -Tropical Oil, Soft Oil, Animal Fat; By Type - Fatty Acid, Fatty Alcohol, Glycerine; By Application- Pharmaceutical, Food & Beverages, Detergents & Soaps, Personal Care & Cosmetics; By Region – APAC, Europe, RoW; By Country- Malaysia, Indonesia, India, China)” has analysed the potential of Global Oleochemicals Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global oleo chemicals market. Additionally, the report also highlights market entry strategies for various companies across the globe.
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