Specialty Oleochemicals Market for Market Insights, Current and Future Trends with Key Players –Emery Oleochemicals; Vantage Specialty Chemicals, Inc.; KLK Oleo; Oleon NV; and Wilmar International Ltd.

The global Specialty Oleochemicals market size is expected to be worth around US$ 36.1 billion by 2027, according to a new report by Vision Research Reports.

The global Specialty Oleochemicals market size was valued at US$ 20.0 billion in 2019 and is anticipated to grow at a CAGR of 7.6% during forecast period 2020 to 2027.

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Growth Factors

The fluctuating petrochemical price is one of the major factors driving the shift in the trend toward sustainable chemicals.

The consumption of specialty oleochemicals is expected to rise significantly in the coming years as a consequence of increasing demand for food, pharmaceutical, and personal care products. The demand for personal care products has witnessed growth due to an increase in disposable income, product innovation, and high market penetration in the last few years.

The growing need for biodegradable products, along with the implementation of stringent regulations on the use of petrochemicals, is anticipated to affect the market positively over the forecast period. The volatility of essential oil prices and increasing concerns regarding food security in many developing nations have raised the threat of using vegetable oil for industrial purposes.

Report Highlights

Product Insights

Specialty esters are an alternative to chemicals and materials that are manufactured using petroleum for various applications. These chemicals help manufacturers and consumers adhere to the Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) guidelines, which emphasizes the use of biobased resources in environmentally sensitive applications to decrease carbon footprint.

Fatty acid methyl ester (FAME) is a derivative of fatty acid ester. It is manufactured by the transesterification of methanol and fats (vegetable oils, waste cooking oils, or animal fats) in the presence of sodium methoxide or sodium hydroxide as a catalyst. FAME is used for the production of biodiesel and detergents and is superior to conventional fossil fuel in terms of its sulfur content, carbon emission, and biodegradability.

Glycerol esters, also known as acylglycerols or glycerides, are formed by the reaction between glycerol and fatty acids. Food-grade glycerol is significantly used in the production of ice creams, chewing gums, flavored beverages, and cosmetics. Glycerol has three hydroxyl groups, which can be esterified to form triglycerides, diglycerides, and monoglycerides. These are further used for the production of glycerol monostearate (GMS), medium-chain triglycerides (MCT), oleates, glycerol di-stearate, and other glycerides.

Application Insights

In personal care and cosmetics, specialty oleochemical derivatives/formulations find application in creams, skincare, sun care, hair care, and oral care products. The growing demand for organic and anti-aging products to maintain a youthful appearance is driving the need for personal care products. This, in turn, is expected to trigger the demand for specialty oleochemicals derivatives in personal care and cosmetics application segment. Over the past decade, this industry has shown continuous growth coupled with increasing shelf space in supermarkets, hypermarkets, retail stores, and boutique stores across the world.

The consumer goods segment comprises of products such as perfumes, soaps, shampoos, cleaners, and detergents, where specialty oleochemicals are directly consumed by consumers in accordance with their needs. The shifting consumer preference toward use of less toxic and natural ingredients in household cleaners, detergents, plastics products is expected to drive the specialty oleochemicals market over the forecast period.

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.

The textiles segment comprises chemical agents that are used in fiber finishing, textile printing, fabric softener, and coning fall applications. Specialty oleochemical derivatives are used as microbial agents, antistatic agents, wetting agents, emulsifiers, dyeing agents, and lubricants. The ongoing technological innovation in textile processing and spinning is anticipated to urge fabric processors to incorporate multifunctional products to enhance their textile operations over the long term.

Regional Insights

In 2019, Asia Pacific dominated the market for specialty oleochemicals and is likely to witness the fastest growth over the forecast period. This can be attributed to the presence of a large number of manufacturers in Malaysia and Indonesia. The abundance of raw materials such as palm oil and palm kernel oil coupled with huge captive consumption in the region has been motivating manufacturers to increase their capacities in the region. The trend is expected to drive the market for specialty oleochemicals in the region over the forecast.

Favorable regulatory policies by Registration, Evaluation, and Authorization of Chemicals (REACH) with the aim to promote sustainable chemicals and petrochemical alternatives are expected to drive the growth of the market for specialty oleochemicals in Europe. The growing demand for biodiesel on account of rising petroleum prices in the region is expected to drive the demand for glycerin over the forecast period. In addition, increasing demand for biodiesel as an alternative to conventional petroleum diesel is expected to drive the demand for specialty oleochemicals, such as glycerin and methyl ester sulfonate, over the forecast period.

In North America, stringent government regulations regarding the usage of petroleum-based products owing to their harmful environmental effects have fostered the demand for specialty oleochemicals in the region. Rising demand from several end-use industries, including personal care cosmetics, healthcare, food processing, is expected to augment product consumption.

Key Players

Emery Oleochemicals; Vantage Specialty Chemicals, Inc.; KLK Oleo; Oleon NV; and Wilmar International Ltd.

Market Segmentation

Specialty Oleochemicals Product Outlook 

Specialty Esters Fatty Acid Methyl Esters Glycerol Esters Alkoxylates Fatty Amines Others

Specialty Oleochemicals Application Outlook

Personal Care & Cosmetics Consumer Goods Food Processing Textiles Paints & Inks Industrial Healthcare & Pharmaceuticals Polymer & Plastics Additives Others

Specialty Oleochemicals Regional Outlook

North America U.S. Canada Mexico Europe Germany U.K. France Italy Spain Netherlands Russia Switzerland Poland Sweden Asia Pacific China India Japan South Korea Malaysia Singapore Indonesia Taiwan Australia Central & South America Brazil Argentina Middle East & Africa UAE Saudi Arabia South Africa

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The Specialty Oleochemicals market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Specialty Oleochemicals market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Specialty Oleochemicals market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Specialty Oleochemicals market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Specialty Oleochemicals market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Specialty Oleochemicals capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Specialty Oleochemicals by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Specialty Oleochemicals market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Specialty Oleochemicals market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Specialty Oleochemicals market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Specialty Oleochemicals industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Specialty Oleochemicals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Specialty Oleochemicals market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Specialty Oleochemicals market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Specialty Oleochemicals market. These factors have benefited the growth of the global market for Specialty Oleochemicals. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Specialty Oleochemicals. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Specialty Oleochemicals are as follows:

Historic Year: 2016-2019 Base Year: 2020 Forecast Year 2020 to 2027

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

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