How has the oleochemicals market evolved, and where is it heading next?
The oleochemicals market size has grown strongly in recent years. It will grow from $29.43 billion in 2024 to $32.13 billion in 2025 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increased demand for sustainable plastics, and a rise in crude oil prices.
The oleochemicals market size is expected to see rapid growth in the next few years. It will grow to $49.69 billion in 2029 at a compound annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be attributed to favorable government initiatives, increasing focus on organic personal care products, and lower cost and sustainability of raw materials will drive the growth. Major trends in the forecast period include a focus on increasing investments, increasing online presence, partnerships and collaborations, introduction of new oleochemical production plants, and mergers and acquisitions.
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What are the key drivers behind the rapid expansion of the oleochemicals market?
The increased demand for sustainable plastics is expected to propel the oleochemical market. The use of plastic and other non-biodegradable materials has caused several environmental issues forcing industries and customers to adapt to sustainable plastics. The use of sustainable plastic is intended to reduce inefficiencies that contribute to environmental harm and aid in the optimization of business operations. This surge in consumer demand for environmentally friendly plastic opens up new markets, particularly in the cosmetics, pharmaceutical, fashion, and food industries for oleochemicals. For instance, in April 2023, according to a report from the European Bioplastics e.V., a Germany-based association that advocates for the bioplastics industry across Europe, global bioplastics production capacity is expected to increase significantly, rising from around 2.2 million tonnes in 2022 to roughly 6.3 million tonnes by 2027. Therefore, the increased demand for sustainable plastics is expected to boost the oleochemicals market during the forecast period.
What is the segmentation for the oleochemicals market?
The oleochemicals market covered in this report is segmented –
1) By Product: Fatty Acid, Fatty Acid Methyl Ester, Glycerol Esters, Fatty Alcohol, Fatty Amines, Other Products
2) By Application: Personal Care And Cosmetics, Soap And Detergents, Food And Beverages, Pharmaceuticals And Nutraceuticals, Others Applications
3) By Sales Channel: Direct, Indirect
Subsegments:
1) By Fatty Acid: Saturated Fatty Acids, Unsaturated Fatty Acids, Specialty Fatty Acids
2) By Fatty Acid Methyl Ester (FAME): Biodiesel, Surfactants, Lubricants
3) By Glycerol Esters: Mono-, Di-, And Tri-Glycerides, Glycerol Monostearate, Glycerol Esters Of Fatty Acids
4) By Fatty Alcohol: Linear Fatty Alcohol, Branched Fatty Alcohol, Natural Fatty Alcohol
5) By Fatty Amines: Primary Fatty Amines, Secondary Fatty Amines, Tertiary Fatty Amines
6) By Other Products: Surfactants, Emulsifiers, Lubricants
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Who are the most influential companies in the oleochemicals market?
Major companies operating in the oleochemicals market include Wilmar International Limited, Kuala Lumpur Kepong Berhad, Kao Corporation, BASF SE, Evonik Industries AG, IOI Group, Emery Oleochemicals, Godrej Industries, Oleon Nv, Eastman Chemicals Company, Klk Oleo, Ecogreen Oleochemicals (Singapore) Pte Ltd, Pacific Oleochemicals Sdn Bhd, Ptt Global Chemical, Hangzhou Zanyu Oil Technology Co. Ltd, Jiangsu Meiaisi Corp Ltd, Taiko Palm-Oleo (Zhangjiagang) Co. Ltd, Evyap Oleo, Croda Industrial Chemicals, Mirriko, Pcc Group, Glycerine.Ru, Jedwards International Inc, Solvent Systems International, Ravago Chemicals North America, Vantage Oleochemicals, Oxiteno, Materia Hnos, Cremer Oleo Brazil, Gulf Chemicals And Industrial Oils Co, The Saudi Company Of Chemical Trading Ltd, African Chemicals, Refinex, Tristar
What are the most influential trends expected to drive the oleochemicals market forward?
Major companies operating in the oleochemicals market are entering partnerships and collaborations to strengthen their position in the market. For example, in February 2022, DKSH, a Switzerland-based leading distributor of specialty chemicals and ingredients partnered with Malaysia-based oleochemical producer, IOI Oleo. DKSH’s Business Unit Performance Materials will provide business development, marketing, sales, logistics, and distribution services for IOI Oleo’s range of oleochemical specialties in six key Asian Pacific markets, including Australia, New Zealand, the Philippines, Taiwan, South Korea, and Vietnam. Further, in March 2022, IMPAG AG, a Swiss company involved in the procurement and distribution of raw materials for life science and material science industries, entered into a new distribution partnership with Hobum Oleochemicals, a German company involved in the production and sale of oleochemicals. Together the companies will be able to offer further innovative bio-based solutions for existing and new industrial applications.
What are the major regional insights for the oleochemicals market, and which region holds the top position?
The countries covered in the oleochemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
What Does The Oleochemicals Market Report 2025 Offer?
The oleochemicals market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Oleochemicals refer to chemical compounds sourced from vegetables, plants, and animal oils that can be used as raw material in a variety of industries such as lubricants, pharmaceuticals, plastic, rubber, and animal feed industries. Hydrolysis is the primary method for converting animal and plant oils and fats into oleo chemicals. When natural triglycerides are exposed to water, heat, and pressure, they separate into crude glycerin and mixed fatty acids.
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