What is the Global market size of the Oleochemicals Market?

Global Oleochemicals Market size was valued at USD 33.1 billion in 2021 and is poised to grow from USD 35.43 billion in 2022 to USD 54.43 billion by 2030, growing at a CAGR of 6.3% in the forecast period (2023-2030).

Who are the key vendors in the Global Oleochemicals Market?

To complete diverse research and development tasks, market leaders are taking strategic actions including partnerships and collaborations. They are able to offer cutting-edge products and keep their place in the global oleochemicals industry thanks to these activities. A good example of this is the collaboration between Genomatica and Covestro. Both businesses want to achieve market growth that is sustainable through this cooperation. The competitive environment for the worldwide oleochemicals market is somewhat fragmented as a result of the existence of numerous companies in it. 'BASF SE', 'Procter & Gamble Chemicals', 'Wilmar International Ltd.', 'IOI Oleochemicals', 'Emery Oleochemicals Group', 'Kuala Lumpur Kepong Berhad', 'Godrej Industries Limited', 'Cargill, Inc.', 'Kao Chemicals', 'Vantage Specialty Chemicals', 'Musim Mas Group', 'Akzo Nobel N.V.', 'Oleon NV', 'Oleo-Fats, Inc.', 'PTT Global Chemical Public Company Limited', 'Eastman Chemical Company', 'Evonik Industries AG', 'Sasol Limited', 'Ecogreen Oleochemicals', 'SABIC'

What is the key driver of the Global Oleochemicals Market?

Numerous industries, including those in food and beverage, medicines, personal care, cosmetics, polymer and plastics, and others heavily rely on these compounds. Both skincare and hair care products contain these environmentally friendly ingredients. The market is anticipated to expand rapidly due to the increased demand for hypoallergenic and chemical-free components from the cosmetics and personal care industry. Another aspect promoting expansion is their application in the food business. Oleochemicals are employed as flow and thickening agents as well as in food packaging that has received FDA approval. For instance, calcium stearate is employed in the production of sweets as a flow agent and food emulsifier.

What is the key market trend for the Global Oleochemicals Market?

Increase in demand from end-use industries: The end-use industries for oleochemicals include food and beverage, pharmaceuticals, and personal care.

Which region accounted for the largest share in the Global Oleochemicals Market?

In 2022, Asia Pacific accounted for USD 17 billion in 2022 and held the biggest market share for oleochemicals because of the region's high output of raw materials. The regional market is anticipated to grow as green alternatives are more adopted and raw materials become more readily available. For instance, the biggest producers of palm oil—the primary feedstock for oleochemical production—are Malaysia and Indonesia. Malaysia produced 25.8% of the world's total palm oil, according to the Malaysian Palm Oil Council (MPOC).North America is rapidly expanding and the market is primarily driven by consumers' growing knowledge of the negative consequences of chemical compounds in personal care and cosmetic products. Due to the increased need for biofuels, Europe is expected to grow significantly. The market growth is anticipated to be facilitated by rising consumer knowledge of the sustainability of biodiesel and the number of manufacturers of cosmetics and personal care products. Due to the region's improved economic and social climate, significant growth is predicted. Leading palm oil producers are Guatemala, Ecuador, and Colombia. The local market is likely to be driven by these factors. Due to a large number of surfactant and soap-making enterprises, the markets in Middle East & Africa is projected to experience significant expansion.

Top Oleochemicals Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Oleochemicals Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Oleochemicals industry players.

Oleochemicals Market Competitive Landscape

Top Players in the Global Oleochemicals Market

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

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 Market Report Snapshots

REPORT OVERVIEW BUY NOW

REQUEST FOR SAMPLE

Want to customize this report?

REQUEST FREE CUSTOMIZATION

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. 

Top Oleochemicals Companies

Oleochemicals Market Competitive Landscape

Oleochemicals Market Recent Development

Oleochemicals Market Report Snapshots

FAQs

What is the global market size of Oleochemicals Market?

Who are the key vendors in the Oleochemicals Market?

What is the key driver of Oleochemicals Market?

What is the key market trend for Oleochemicals Market?

Which region accounted for the largest share in Oleochemicals Market?

Request Free Customization