United States, Rockville, MD, June 14, 2022 (GLOBE NEWSWIRE) -- As per in-depth industry analysis by Fact.MR, a market research and competitive intelligence provider, the global oleochemicals market is projected to expand at a CAGR of 5.4% from 2022 to 2032.
Oleochemicals are synthetic substances that are extracted from plants and creature fats. They are practically equivalent to petrochemicals that are derived from oil. Oleochemicals are chemicals mainly derived from natural raw materials such as soybean oil, linseed oil, vegetable oil, castor oil, animal oils & fats, and also from petrochemical feedstock. In general, these chemicals have low toxicity as compared to petrochemicals.
Oleochemicals are used as emulsifiers in a variety of foods and beverages. They are used to create customized oils and margarine. Another important application of oleochemicals in the manufacture of nutrition-fortified compounds that are widely used in packaged food products. Furthermore, these artificial concoctions are commonly utilized for making both, plain and seasoned frozen yoghurts.
For more insights into the Market, Get A Sample of this Report!
https://www.factmr.com/connectus/sample?flag=S&rep_id=587
Key Takeaways from Market Study
- Global oleochemicals market to reach valuation of US$ 48.61 billion by 2032.
- Market in North America projected to increase at 33.1% CAGR over forecast period.
- APAC accounts for 29.1% share of global market.
- Use of oleochemicals in pharmaceuticals & personal care expected to rise at 6.5% CAGR from 2022 to 2032.
For Comprehensive Insights Ask An Analyst Here
https://www.factmr.com/connectus/sample?flag=AE&rep_id=587
Winning Strategy
Suppliers of oleochemicals have identified the growing need to invest in product innovation and the adoption of new technologies to gain a competitive edge in the current market landscape.
In addition, an increase in R&D activities along with the growing demand for eco-friendly products is likely to create new opportunities in the oleochemicals market over the forecast period.
For instance,
- The new factory of PT Apical Kao Chemicals, a partnership between Kao Corporation and Apical Group Ltd., a fatty acid manufacturer, was completed. This partnership agreement boosted production capacity while also ensuring steady supply.
Key Segments Covered in Oleochemicals Industry Research
Oleochemicals Market by Type :
- Fatty Acids
- Fatty Alcohol
- Glycerin
- Other Types
Oleochemicals Market by Application :
- Pharmaceuticals & Personal Care
- Food & Beverages
- Soaps & Detergents
- Polymers
- Other Applications
Oleochemicals Market by Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Get Customization on this Report for Specific Research Solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=587
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global oleochemicals market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.
The study divulges essential insights on the market on the basis of type (fatty acids, fatty alcohol, glycerin, and other types) and application (pharmaceuticals & personal care, food & beverages, soaps & detergents, polymers, and other applications), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).
Fact.MR’s Domain Knowledge in Chemicals and Materials
Our chemicals and materials consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the chemicals and materials sector. Our expertise in recognizing the challenges and trends impacting the global chemicals and materials industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
Explore More Chemical and Materials Industry Reports:
Glutathione Agarose Resin Market - Glutathione Agarose Resin Market Analysis By Product (Glutathione Reduced & Glutathione Oxidized Agarose Resin) By Application (Immunoprecipitation, Protein Purification & Research) By Region – Global Market Insights 2022 to 2032
Road Marking Paints and Materials Market - Road Marking Paints and Materials Market by Type (Paint based Materials, Performance-based Materials), by Application (Road and Highway Marking, Parking Lot Marking, Factory Marking, Airport Marking), by Region- 2022 to 2032
Industrial Enzymes Market - Industrial Enzymes Market By Product Type (Carbohydrases, Proteases, Lipases) By Application (Technical, Feed Additives, Food Processing), By End Use - Global Forecast 2022-2032
Specialty Oilfield Chemicals Market - Specialty Oilfield Chemicals Market Analysis By Type (Specialty Oilfield Chemical Demulsifiers, Modifiers, Reducers, Biocides, Surfactants, Inhibitors & Scavengers) By Application and By Region – Global Market Insights 2022 to 2032
Methyl Chloride Market - Methyl Chloride Market Analysis By Function (Methyl Chloride Intermediates, Methyl Chloride Refrigerants & Methyl Chloride Solvents) By Application & By Region – Global Market Insights 2022 to 2032
Cenospheres Market - Cenospheres Market Analysis By Type (Gray Cenospheres, White Cenospheres), By End Use (Refractories, Construction, Oil & Gas, Automotive, Paints & Coatings) & Region - Global Forecast 2022 to 2032
Europe Alkyl Polyglucoside Market - Europe Alkyl Polyglucoside Market Analysis By Product (Coco Alkyl Polyglucosides, Lauryl Alkyl Polyglucosides, Decyl Alkyl Polyglucosides & Capryl Alkyl Polyglucosides) By Application, By Primary Function & By Country – Europe Market Insights 2022 to 2032
Hyaluronic Acid Market - Hyaluronic Acid Market Analysis By Application (Dermal Fillers, Osteoarthritis, Ophthalmic), By Distribution Channel (Offline, Online), By End Use, By Region - Global Forecast - 2022-2032
Coupling Agents Market - Coupling Agents Market Analysis by Type (Sulfur Silane, Vinyl Silane, Epoxy Silane, Amino Silane), by Application (Rubber & Plastics, Fiber Treatment, Adhesive & Sealants, Paints & Coatings) & Region - Global Forecast 2022-2032
Europe High Temperature Coatings Market - Europe High Temperature Coatings Market Analysis, By Type (Silicone, Epoxy, Aluminium, Polyurethane, PPS, PTFE), By Technology (Water, Solvent, Solid-based), By Component, by Coating Surface, by Surface Temperature Range, by Curing Mechanism, by Use Case, by Application & Country 2022-2032
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
Email: sales@factmr.com
Tel: +1 (628) 251-1583
