According to MarkNtel Advisors’ research report titled “Global Oleochemicals Market Analysis, 2020”, the Oleochemicals market is projected to register a CAGR of around 5% during 2020-25. Asia-Pacific region acquired a considerable market share in the Global Oleochemicals market in 2019. The consumption of oleochemicals in the APAC region is increasing as these chemicals are majorly utilized for surfactant manufacturing, which is further use in various end-user industries such as cosmetics, lubricant, and personal care. Thus, the expansion of end-user industries in the region is strongly contributing to the market growth of oleochemicals in the coming years. Moreover, Asia-Pacific is currently the largest producer of oil & fat and is the raw material base for oleochemicals globally. Therefore, the Asia-Pacific, as a consumer, has efficient control of the overall production and distribution of oleochemicals.
The Fatty Acid Methyl Esters (FAME) captured a significant market share in the Global Oleochemicals market in 2019. FAME is also known to be a viable biodiesel and is a derivative of fatty acids. It is utilized as a fuel in several applications such as polymers, lubricants, coatings, food, metalworking fluids, and agriculture, thereby positively impacting the growth of the FAME market.
According to MarkNtel Advisors, the key players capturing a considerable market share in the Global Oleochemicals market include BASF Corporation, Oleon NV, Evonik, Croda, Emery Oleochemicals, AkzoNobel, ADM, etc. In order to expand their business, the companies are introducing new technologies to produce oleochemicals.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Oleochemicals Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million, while the market volume is measured in terms of quantity sold (Million Tons).
Q. What would be the growth rate or CAGR of Global Oleochemicals Market during 2020-25?
A. The growth rate of Global Oleochemicals Market during 2020-25 is forecast to be around 5%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that Asia-Pacific will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Oleochemicals Market?
A. BASF Corporation, Oleon NV, Evonik, Croda, Emery Oleochemicals, AkzoNobel, ADM Corporation are few of the leading players in the Global Oleochemicals Market.
Q. Does the report scope cover Global Oleochemicals type wise market statistics also?
A. Yes, the scope of the report encompass detailed Global Oleochemicals type wise statistics such as market size, market segmentation based on various subcategories.
Q. Which Oleochemicals type would emerge as an opportunity area for players in Global Oleochemicals Market?
A. The Fatty Acid Methyl Esters (FAME) will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Oleochemicals Market.
