Oleochemicals Market Size, Share, and Growth Analysis

Global oleochemicals market

Oleochemicals Market By Type (Alkoxylate, Glycerol), By Applications (Personal Care and Cosmetics, Soap and Detergents), Raw Materials (Animal Oil, Tropical Oils) By Region -Industry Forecast 2025-2032


Report ID: SQMIG15A2276 | Region: Global | Published Date: December, 2024
Pages: 165 |Tables: 65 |Figures: 75

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Oleochemicals Market Insights

Global Oleochemicals Market size was valued at USD 27.01 billion in 2023 and is poised to grow from USD 28.95 billion in 2024 to USD 48.64 billion by 2032, growing at a CAGR of 6.7% during the forecast period (2025-2032).

The rising demand for biodegradable products and increasing restrictions on petrochemical-based products are contributing to oleochemicals market growth. Animal fats and plant oils along with fossil fuel sources like petrochemicals are used for producing oleochemicals. The oleochemicals can also be manufactured by utilizing different chemical or enzymatic reactions by the manufacturers. The fluctuating crude oils prices is also increasing shift towards using of vegetable oils like palm and palm kernel oil as a primary feedstock for oleochemical production. Furthermore, the oleochemicals market is experiencing an advantageous edge because of the rising availability of raw materials. The demand for oleochemicals derivatives is increasing rapidly because of the high consumption of personal care, pharmaceutical, and food products. In the last few years, the demand for personal care products is increasing due to increase in disposable income, product innovation, and higher market penetration. Oleochemicals are extensively utilized in FMCG products like soaps, toothpaste, and moisturizing lotions, leading to the growth of the market.  

The rising demand for green and eco-friendly products is also fueling the growth of the oleochemicals market. The increasing adoption of oleochemical-based components in industries like automotive and pharmaceuticals is increasing because it is made from natural and biodegradable solutions. Furthermore, innovations like effective processing and enzyme catalysts, production of oleochemicals is becoming easier. Many governments globally are imposing strict regulations to increase the usage of renewable resources while minimizing toxic chemicals, contributing to the growth of the oleochemicals market. 

US Oleochemicals Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2025-2032

Global Market Size

USD 35.43 Billion

Largest Segment

Alkoxylate

Fastest Growth

Glycerol

Growth Rate

6.3% CAGR

Global Oleochemicals Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Oleochemicals Market Segments Analysis

Global Oleochemicals Market is segmented by Type, Product Type, Source, Application and region. Based on Type, the market is segmented into Natural and Synthetic. Based on Product Type, the market is segmented into Specialty Esters, Fatty Acid Methyl Ester, Glycerol Esters, Alkoxylates, Fatty Amines and Others. Based on Source, the market is segmented into Plant-Based and Animal-Based. Based on Application, the market is segmented into Personal Care & Cosmetics, Consumer Goods, Food Processing, Textiles, Paints & Inks, Industrial, Healthcare & Pharmaceuticals, Polymer & Plastic Additives and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. 

Analysis by Type 

Based on type, the alkoxylate segment is dominating the market with the largest oleochemicals market share. The alkoxylate is a line of non-ionic surfactants, like ethoxylates of methyl ester, fatty amine, fatty acid, and fatty alcohol. These surfactants are utilized as emulsifiers for manufacturing fabric softeners, agrochemicals, and household care products. Rising opportunities of surfactants in various industrial segments is also increasing the popularity of alkoxylates. Furthermore, alkoxylates are also utilized as wetting agents, dispersing agents, detergents, stabilizers, emulsifying agents, and cleaning agents. The most common type of alkoxylates utilized in various end use industries because of its eco-friendly nature is alcohol alkoxylates. These solutions are extensively used in the production of shampoos, detergents and soaps for controlling and adjusting lubricity and viscosity, leading to the growth of the segment in the market.  

The glycerol segment is expected to witness significant demand growth during the forecast period. Glycerol is frequently known as acylglycerols or glycerides. These compounds are produced by a reaction between fatty acids and glycerol. Food-grade glycerol is immensely utilized in the production of chewing gums, cosmetics, ice creams, and flavored beverages. Furthermore, glycerol has three hydroxyl groups, which are esterified with one, two, or three fatty acids for forming monoglycerides, diglycerides, and triglycerides. These are generally utilized for producing glycerol monostearate (GMS), medium chain triglycerides (MCT), oleates, glycerol di-stearate, and other glycerides, contributing to the growth of the market.  

Analysis by Application 

Based on application, the personal care and cosmetics segment is dominating the oleochemicals market. The specialty oleochemical derivatives or formulations are finding more application in the personal care and cosmetics segments. Oleochemicals are utilized in cream, skincare, sun care, and oral care products. Moreover, the popularity for organic and anti-organic products for maintaining a youthful appearance is boosting the demand for personal care products. This is also increasing the demand for oleochemical derivatives in the personal care and cosmetics applications segment. In the last few years, the industry is continuously growing along with increasing their shelf space in the supermarket, hypermarkets, retail stores, and boutique stores, leading to the growth of the market.  

As per oleochemicals market analysis, the soaps and detergents segment are experiencing tremendous growth in recent years. Soaps can be segmented into bath soaps, body washing soaps, and clothing washing soaps. There are also liquid soaps, which are used for hand washing and industrial use. Oleochemicals in detergents are utilized for producing more lather and boost cleansing properties. With increasing concerns for the environment, manufacturers are promoting the adoption of oleochemicals across all detergents, like liquid and powder. There has been an increasing concern about synthetic detergents, which is encouraging governments to make regulations stricter against synthetic detergents. The strict laws for synthetic chemicals and the side effects of synthetic chemicals on the environment have forced manufacturers to adopt naturally sourced oleochemicals.

Global Oleochemicals Market Analysis by Type

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Oleochemicals Market Regional Insights

Asia Pacific is dominating with the largest oleochemicals market share. Asia-Pacific is a significant producer and consumer of oleochemicals in products such as personal care and cosmetics, pharmaceuticals, and soaps and detergents. Asia-Pacific will account for most production and world consumption in the forecast period. Malaysia and Indonesia are significant producers of oleochemicals derived from palm oils, such as fatty acids and alcohol. This has appealed to investments from many prominent companies, like Emery Oleochemicals, Wilmar, and BASF. This scenario has dramatically changed in recent years. Currently, most manufacturing plants are in Asia-Pacific, and new capacities are also being added in this region.  

The region of Europe is anticipated to witness the highest growth during the oleochemicals market forecast period. The market in Europe is growing due to strict regulations from the EU against using synthetic chemicals in personal care and cosmetics, and food and beverage. Oleochemicals in Europe are primarily used in food and beverage. In addition, many personal care and cosmetics vendors use oleochemicals for safety and better nourishing properties. Many governments have implemented policies and limited the usage of hydrogenated fats and their by-products due to several heart risks associated with hydrogenated fats. Restricting the use of hydrogenated fats is boosting the oleochemicals market as many manufacturers are substituting hydrogenated fats with oleochemicals. Furthermore, Germany is leading the oleochemicals market in Europe due to imported feedstocks. 

Global Oleochemicals Market By Geography
  • Largest
  • Fastest

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Oleochemicals Market Dynamics

Drivers 

Better Availability of Raw Materials 

  • The global production of oils and fats has grown significantly in recent years. These resources are widely available or can be easily cultivated like virgin vegetable oils or cheaply sourced like waste vegetable oils and animal fat in almost every part of the world. Ecological and economic advantages are driving the popularity of oleochemicals in the manufacturing of industrial chemicals. This is responsible for the research interest in oleochemicals as one of the most cost-effective and widely available substitutes for a variety of industrial chemicals, including petrochemicals. 

Rising Demand in End Use Industries 

  • The demand for oleochemicals is increasing because these chemicals are extensively utilized by various sectors, including personal care, cosmetics, food & beverages, pharmaceuticals, and plastics. These green chemicals are used in hair care and skincare products. The demand for naturally derived cosmetic products has amplified progressively, with significant growth over the past decade. The cosmetics industry depends on oleochemicals to manufacture safe products for its consumers.  

Restraints 

Production Voltaic Organic Compounds During Pre-Treatment of Glycerin 

  • Oleochemical products, like fatty acids, fatty alcohol, and glycerin, are utilized in applications ranging from food to cosmetics. However, the production of these chemicals comes with environmental and health issues as Voltaic Organic Compounds (VOC) are released during the glycerin processing. Exposure to VOC can harm human organs, including the throat, eyes, and nose. Additionally, VOC vapors can cause nausea, damage to the liver and kidney, and permanent damage to the central nervous system. This is increasing hampering the growth of the market. 

High Contamination in Animal Feed 

  • Even though there is widespread use of oleochemicals, legal restrictions on their usage and possible side effects on human health are hampering the growth of the market. Contamination in animal fats and oils is one of the main reasons for regulations in the industry, which arose as a response to the prevention of infectious diseases. Moreover, many animal illnesses are transmissible to humans, where they could develop into various complications. Contamination of animal feed can be associated with food consumed by animals and pathogens, which can be transmitted through the food chain to humans, restricting market expansion. 

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Oleochemicals Market Competitive Landscape

Many manufacturers are investing in research and development activities for innovating and developing new products and processes. They are enhancing the efficiency of oleochemical production, discovering advanced applications, and improving the performance of current products. In addition, many oleochemicals market companies are focusing on sustainable practices by ensuring responsible sourcing of raw materials, particularly palm oil. Many organizations are also trying to obtain certifications like roundtable on sustainable palm oil (RSPO) for highlighting their dedication to eco-friendly production methods. Furthermore, key players are increasing their portfolios. They are producing a vast range of oleochemical derivatives, like fatty acids, glycerin, surfactants, and more, to fulfil specific industry requirements, leading to market growth. 

Top Players in the Global Oleochemicals Market

  • Procter & Gamble (P&G Chemicals)
  • Wilmar International Ltd.
  • Cargill Incorporated
  • BASF SE
  • Evonik Industries
  • Godrej Group
  • PTT Global Chemical Public Company Limited
  • Stepan Company
  • Emery Oleochemicals Group
  • Stern-Wywiol Gruppe (Berg + Schmidt)
  • Kao Corporation
  • Croda International Plc
  • Ecogreen Oleochemicals
  • Avril Group (Oleon NV)
  • IOI Group
  • Kuala Lumpur Kepong Berhad
  • Evyap
  • H.I.G. Capital, LLC (Vantage Specialty Chemicals)
  • Arkema Group
  • Fairfax India Holdings Corporation (Fairchem Organics Limited)

 

Oleochemicals Market Recent Development

  • In May 2024, Corbion partnered with IMCD, a key distribution partner and formulating company of specialty chemicals and ingredients. It will help to include Corbion’s different products for the food & beverage sector in Thailand. 
  • In April 2024, Vantage Specialty Chemicals expanded their METAUPON NMT (N-Methyl Taurine) capacity at its Leuna site. This expansion hopes to fulfill consumer demand in the personal care, industrial, and household sectors. 
  • In January 2024, Godrej Industries invested in an MoU with the Gujarat government for USD 71.8 million over the next four years. This will help the company to increase the production capacity of oleochemicals. This expansion will fulfil the surging product demand in the personal care, pharmaceuticals, and food industries

Oleochemicals Key Market Trends

Oleochemicals Market SkyQuest Analysis

SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. 

As per SkyQuest analysis, the oleochemicals industry is experiencing immense growth boosted by factors like pricing dynamics and the increasing demand for sustainable and biodegradable products. Components like activated carbon, emollients, sugar esters, and alcohol ethoxylates are finding a wide range of use in different industries like mines, chemicals, personal and beauty care, and food processing. The industry is also emphazing on sustainability fuels. This is increasing the adoption of vegetable oil and essential oils as substitutes to petroleum-based ingredients, leading to food security and minimizing dependency on non-renewable resources like palm oil and palm kernel oil. Furthermore, collaboration between refiners, farmers, structured triacylglycerol, and plantation firms is guaranteeing a solid supply of crude palm oil and crude palm kernel oil to produce oleochemicals, contributing to the growth of the market and sustainability goals.

Report Metric Details
Market size value in 2023 USD 27.01 billion
Market size value in 2032 USD 48.64 billion
Growth Rate 6.7%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Natural
    • Synthetic
  • Product Type
    • Specialty Esters
    • Fatty Acid Methyl Ester
    • Glycerol Esters
    • Alkoxylates
    • Fatty Amines
    • Others
  • Source
    • Plant-Based
    • Animal-Based
  • Application
    • Personal Care & Cosmetics
    • Consumer Goods
    • Food Processing
    • Textiles
    • Paints & Inks
    • Industrial
    • Healthcare & Pharmaceuticals
    • Polymer & Plastic Additives
    • Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Procter & Gamble (P&G Chemicals)
  • Wilmar International Ltd.
  • Cargill Incorporated
  • BASF SE
  • Evonik Industries
  • Godrej Group
  • PTT Global Chemical Public Company Limited
  • Stepan Company
  • Emery Oleochemicals Group
  • Stern-Wywiol Gruppe (Berg + Schmidt)
  • Kao Corporation
  • Croda International Plc
  • Ecogreen Oleochemicals
  • Avril Group (Oleon NV)
  • IOI Group
  • Kuala Lumpur Kepong Berhad
  • Evyap
  • H.I.G. Capital, LLC (Vantage Specialty Chemicals)
  • Arkema Group
  • Fairfax India Holdings Corporation (Fairchem Organics Limited)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Oleochemicals Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Oleochemicals Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Oleochemicals Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Oleochemicals Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Oleochemicals Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Oleochemicals Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Oleochemicals Market size was valued at USD 35.43 Billion in 2023 and is poised to grow from USD 37.66 Billion in 2024 to USD 57.86 Billion by 2032, growing at a CAGR of 6.3% during the forecast period (2025-2032).

Many manufacturers are investing in research and development activities for innovating and developing new products and processes. They are enhancing the efficiency of oleochemical production, discovering advanced applications, and improving the performance of current products. In addition, many oleochemicals market companies are focusing on sustainable practices by ensuring responsible sourcing of raw materials, particularly palm oil. Many organizations are also trying to obtain certifications like roundtable on sustainable palm oil (RSPO) for highlighting their dedication to eco-friendly production methods. Furthermore, key players are increasing their portfolios. They are producing a vast range of oleochemical derivatives, like fatty acids, glycerin, surfactants, and more, to fulfil specific industry requirements, leading to market growth.  'Emery Oleochemicals ', 'Evonik Industries AG ', 'Wilmar International Ltd. ', 'Kao Chemicals Global ', 'Ecogreen Oleochemicals ', 'Corbion N.V ', 'Cargill, Incorporated ', 'Oleon NV ', 'Godrej Industries ', 'IOI Corporation Berhad ', 'KLK OLEO ', 'Evyap ', 'JNJ Oleochemicals, Incorporated ', 'Sakamoto Yakuhin Kogyo Co., Ltd. ', 'Stepan Company ', 'Pepmaco Manufacturing Corporation ', 'Philippine International Dev. ', 'Kuala Lumpur Kepong Berhad ', 'BASF SE  ', 'Croda Industrial Chemicals '

Growing Popularity of Green Chemicals: The increasing demand for greener, more cost-effective products, minimal processing, cheaper feedstock, and new product avenues are driving the commercialization of green chemicals. Growing consumer awareness of renewable oleochemicals and increasing environmental concerns drive the market. As per the latest oleochemicals market trends, the increasing cost of petrochemicals has boosted the popularity of green chemicals. Green chemicals include chemicals produced from bio-based feedstocks.  

Asia Pacific is dominating with the largest oleochemicals market share. Asia-Pacific is a significant producer and consumer of oleochemicals in products such as personal care and cosmetics, pharmaceuticals, and soaps and detergents. Asia-Pacific will account for most production and world consumption in the forecast period. Malaysia and Indonesia are significant producers of oleochemicals derived from palm oils, such as fatty acids and alcohol. This has appealed to investments from many prominent companies, like Emery Oleochemicals, Wilmar, and BASF. This scenario has dramatically changed in recent years. Currently, most manufacturing plants are in Asia-Pacific, and new capacities are also being added in this region.  

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Global oleochemicals market
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