The growing demand for the Specialty Oleochemicals in the industrial sector, along with the increased application in pharmaceuticals, will boost the market growth.
The global Specialty Oleochemicals market is forecast to reach USD 14.7 Billion by 2027, according to a new report by Reports and Data. Specialty Oleochemicals is growing due to the rising concern for a healthy lifestyle and increasing standard of living in the developing nations. High adoption of food, pharmaceuticals, and personal hygiene care is enhancing market demand.
Decreasing the use of harmful chemicals, including parabens, aluminum salts, and phthalates coupled with committed efforts from numerous multinational corporations for purchasing sustainable products, has contributed to increasing consumption of specialty oleochemical derivatives.
The developing requirement for biodegradable items, alongside the execution of rigid guidelines on the utilization of petrochemicals, is foreseen to influence the market decidedly over the conjecture time frame. The instability of basic oil costs and expanding concerns concerning security in many creating countries have raised the danger of utilizing vegetable oil for modern purposes.
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The report puts an emphasis on the information regarding the key players with a special focus on their company profile, business overview, recent advancements, product catalog, and strategic business plans. It provides a comprehensive overview of the strategic alliances in the market under taken by the key players such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launch, brand promotions, and corporate deals, among others.
Key companies operating in the market and profiled in the report include:
Cargill, Wilmar International, Emery Oleochemicals, Vantage Specialty Chemicals, Ecogreen Chemicals, Kao Chemicals, Oleon, and Evonik Industries.
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The Specialty Oleochemicals market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends, supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.
Segments Covered in the report
Product Outlook (Revenue, USD Million; Volume, Kilo Tons; 2017-2027)
- Glycerol Ester
- Fatty Amine
- Specialty Ester
- Alkoxylates
- Fatty Acid Methyl Ester
- Others
End-Use Industry Outlook (Revenue, USD Million; Volume, Kilo Tons; 2017-2027)
- Food and Beverages
- Personal Care Cosmetics
- Healthcare Pharmaceuticals
- Textiles
- Polymers Plastics
- Paints Coatings
- Industrial
- Others
Key Regions Analyzed in the Report includes:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
Furthermore, it consists of information about individual segment of the Specialty Oleochemicals market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.
Further key findings from the report suggest
- Specialty Oleochemicals In the food processing segment, specialty oleochemical derivatives are used in frozen foods, confectionery, and beverage processing. Alcohol ethoxylates sulfates, sucrose esters, and glycerol esters are some of the specialty oleochemical derivatives that are majorly used in the food processing industry. Shifting consumer preference for healthier diet intake and consumer inclination toward weight loss programs is expected to steer product demand in food additives and processing applications over the long term.
- Textile segment incorporating chemicals utilized in material printing, fiber completing the process of coning, cleanser, and so on. Specialty oleochemical subordinates in this portion discover hugeness significant as emulsifiers, antistatic operators, microbial specialists, greases, coloring specialists, and wetting specialists.
- The high demand for Specialty Oleochemicals due to rising application growth prospects in personal care cosmetics, consumer goods, healthcare industry, and paint ink sector.
- Rising consumption of personal care products, widespread availability of men's grooming products, and increased consumer spending on beautification and cosmetic products have spurred the consumption of specialty oleochemicals.
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