The Business Research Company’s report on the Specialty Oleochemicals Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the specialty oleochemicals market in recent years?
The increasing consumer demand for beauty and cosmetics products is expected to propel the growth of the specialty oleochemicals market going forward. Beauty and cosmetic products include ingredients, textures, perfumes, and packaging. Oleochemicals are considered safe in beauty and cosmetic items as they are derived from natural sources. The consumer’s demand for organic and safe products will promote the use of oleochemicals in beauty and cosmetics products. For instance, in July 2024, according to the British Beauty Council, a UK-based non-profit organization dedicated to solving beauty’s shared challenges, the personal care industry supported a total GDP contribution of $35.34 billion in 2023, an 11% increase with respect to 2022. Therefore, the increasing consumer demand for beauty and cosmetics products is driving the growth of the specialty oleochemicals market.
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What is the projected market size of the specialty oleochemicals industry, and how is it expected to grow?
The specialty oleochemicals market size has grown strongly in recent years. It will grow from$30.4 billion in 2024 to $32.55 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to increased demand for sustainable products, shift towards bio-based raw materials, awareness of environmental impact, regulatory support for renewable resources, diverse applications in end-use industries
The specialty oleochemicals market size is expected to see strong growth in the next few years. It will grow to “$46.87 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to rising preference for green chemistry, increasing demand in emerging economies, innovation in product development, expanding applications in the healthcare sector, strategic collaborations and partnerships. Major trends in the forecast period include increased use in the food and beverage industry, shift towards bio-based surfactants, technological innovations in oleochemical production, rising application in lubricants and greases, exploration of high-value specialty oleochemicals.
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Who are the key players driving competition in the specialty oleochemicals market?
Major companies operating in the specialty oleochemicals market include Evonik Industries AG, Vantage Speciality Chemicals Inc., Emery Oleochemicals LLC, Wilmar International Ltd., Kao Corporation, Ecogreen Oleochemicals GmbH, Oleon NV, IOI Corporation Berhad, KLK OLEO, Corbion NV, Godrej Industries Limited, Alnor Oil Co Inc., Ferro Corporation, Global Ecogreen Oleochemicals, Pan Century Oleochemicals, Timur Oleochemicals Malaysia, Pacific Oleochemicals Sdn Bhd, The Procter & Gamble Company, Musim Mas Holdings, VVF LLC, Evyap Sabun Yag Gliserin San ve Tic A.S., Lubrizol Corporation, Emerald Performance Materials LLC, Koster Keunen Inc., Sasol Inc.
What key trends are expected to drive the specialty breathable membranes market during the forecast period?
Major companies operating in the specialty oleochemicals market are focused on developing innovative products such as performance polyol to enhance product performance, improve sustainability, and meet the increasing demand for eco-friendly solutions across various industries. Performance polyols are specialized polyols designed to enhance the properties and processing of polyurethane formulations, improving characteristics such as flexibility, durability, and resistance to environmental factors. For instance, in May 2023, Emery Oleochemicals, a US-based manufacturer of high-performance, natural-based specialty chemicals, launched INFIGREEN 420R. INFIGREEN 420R is a recycled content polyester polyol derived from post-industrial waste, designed to enhance sustainability in specialty oleochemicals. It features autocatalytic properties, making it highly suitable for various urethane systems, while its unique backbone provides excellent mechanical and hydrolytic resistance.
Which key geographies are driving the growth of the specialty oleochemicals market?
Asia-Pacific was the largest region in the specialty oleochemicals market in 2024.North America is expected to be the fastest-growing region in the forecast period. The regions covered in the specialty oleochemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the key segments driving growth in the specialty oleochemicals market?
The specialty oleochemicals market covered in this report is segmented –
1) By Product: Specialty Esters, Fatty Acid Methyl Esters, Glycerol Esters, Alkoxylates, Fatty Amines, Other Products
2) By Application: Personal Care And Cosmetics, Consumer Goods, Food Processing, Textiles, Paints And Inks, Industrial, Healthcare And Pharmaceuticals, Polymer And Plastics Additives, Other Applications
3) By End User: Food And Beverages, Personal Care And Cosmetics
Subsegments:
1) By Specialty Esters: Glyceryl Esters, Sorbitan Esters, Sucrose Esters, Other Specialty Esters
2) By Fatty Acid Methyl Esters (FAME): Soy Methyl Ester, Palm Methyl Ester, Rapeseed Methyl Ester, Other FAME Types
3) By Glycerol Esters: Monoglycerides, Diglycerides, Triglycerides
4) By Alkoxylates: Ethoxylates, Propoxylates
5) By Fatty Amines: Primary Amines, Secondary Amines, Tertiary Amines
6) By Other Products: Fatty Alcohols, Glycerin
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What defines the structure and scope of the specialty oleochemicals market?
Specialty oleochemicals are chemical compounds that are substitutes for petroleum-based products and are derived from plant-based sources. The oleochemicals are used as natural components in lubricants, cosmetics, biodegradable polymers, and bio-surfactants among others.
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