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Global Oleochemicals Market to Exhibit 7.48% CAGR 2016-2021 Driven by Increasing Consumption of Biodegradable Products

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Published on : Jul 07, 2016

ALBANY, New York, July 07, 2016: ResearchMoz.us has announced the addition of a new publication, titled ‘Global Oleochemicals Market (By Application, Type, Raw Material, 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),’ to its growing database of research reports.

The study highlights the current scenario of the global oleochemicals market and further analyzes its growth opportunities for the stipulated period. As per the report, the global oleochemicals market is expected to exhibit a 7.48% CAGR from 2016 to 2021 owing to the increasing use of plant-based or natural raw materials.  

The research looks into vital chemical reactions that form the basic oleochemical substances. Primarily, oleochemicals are derived from animal and plant fats. Numerous enzymatic reactions and chemical reactions form the basic oleochemical substances such as fatty acid methyl, fatty alcohols, fatty acids, and fatty amines. The basic oleochemical elements are used to produce intermediate substances such as alcohol ethoxylates, alcohol ether sulfates, monoacylglycerols, alcohol ethoxylates, and many others. These are some of the findings of the research. 

The report further studies vital indicators affecting the global oleochemicals market such as market challenges, drivers, and opportunities. In recent years, there has been an increasing use of biodegradable products due to the improved purchasing power of people. Environmental safety has also supported the use of biodegradable products. This has led to the growth of the global oleochemicals market. Going forward, the availability of natural raw materials is expected to make the manufacturing process cost effective. Natural or plant-based raw materials are used by industries for the production of fatty acids, glycerin, and fatty alcohols. This can benefit the global oleochemicals market, state the analysts. 

Click here to get more info with TOC in a PDF Format: https://www.researchmoz.us/enquiry.php?type=S&repid=739551

For a better understanding of the opportunities, analysts have segmented the global oleochemicals market on the basis of region, chemical type, application, and raw material. Coconut oil, soybean oil, palm oil and palm kernel oil, rapeseed oil, and animal fats are some of the raw materials used for the production of oleochemicals. These chemicals find application in industries such as pharmaceutical, detergents and soaps, food and beverages, personal care and cosmetics, and others. The increasing use of natural raw materials by the food and beverages industry for producing fatty acids and alcohols is expected to propel this application type segment. 

The global oleochemicals market is spread across Asia Pacific, Europe, and Rest of the World. For reading comprehensibility, the study further divides the global oleochemicals market on the basis of countries into Malaysia, India, China, and Indonesia. This simplifies the process of comparing the developments of leading companies across various regions.

The report profiles leading organizations operating in the global oleochemicals market along with their regional coverage. Some of the companies listed in the report are Wilmar International Ltd, Eastman Chemical Co., BASF SE, Evonik Industries, Procter & Gamble Co, Cargill Inc., Godrej Chemicals, Pacific Oleochemicals Sdn Bhd, Kuala Lumpur Kepong Bhd, and PTT Global Chemical Public Company Limited.

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