Global Oleochemicals Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Competitive Scenario and Forecasts, 2012 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Global Oleochemicals Market Size, Market Share,

Application Analysis, Regional Outlook, Growth Trends,

Competitive Scenario and Forecasts, 2012 To 2020

Industry Insights

Oleochemicals market has been witnessing strong growth over the last few years on account of

increasing demand for sustainable and biodegradable chemicals. Industries are shifting from

petrochemical to oleochemicals due to its cheaper cost and eco-friendly nature.

This factor has been driving the market over the last few years and the trend is expected to continue

over the forecast period. Ease availability of raw materials at cheaper cost in countries including

Malaysia and Indonesia is expected to drive oleochemicals market in this region. In addition, increasing

oleochemicals demand in personal care and cosmetic industry is anticipated to be the key driving factor

for the market over the next six years.

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

Growing major end-use industries including soaps & detergents, personal care and cosmetics is likely to

fuel the demand for oleochemicals in near future. Oleochemicals are also used as a raw material in

manufacturing polymers including polyurethane, polyester and polyamides. Increasing demand for

these polymers is anticipated to complement the oleochemicals market growth over the forecast

period. Stringent government regulations such as Turkish REACH-like which is enacted globally have

negatively affected the petrochemicals market over the last few years.

Oleochemicals is likely to replace petrochemicals in many industrial applications, which is anticipated to

fuel the market growth over the foreseeable period. Bio-lubricants and bio-polymers which use

oleochemicals as a raw material are substituting the traditional petrochemicals...