Global Specialty Oleochemicals Market Insights Forecasts to 2033

• The Global Specialty Oleochemicals Market Size was Valued at USD 28.30 Billion in 2023
• The Market Size is Growing at a CAGR of 8.09 % from 2023 to 2033
• The Worldwide Specialty Oleochemicals Market Size is Expected to Reach USD 61.60 Billion by 2033
• Europe is Expected to Grow the fastest during the forecast period.

 

Get more details on this report -

Request Free Sample PDF

 

The Specialty Oleochemicals Market Size is Anticipated to Exceed USD 61.60 Billion by 2033, Growing at a CAGR of 8.09 % from 2023 to 2033.

 

SPECIALTY OLEOCHEMICALS MARKET REPORT OVERVIEW

The plant-based feedstocks such as sunflower, soybean, palm, and rapeseed oils are used to make specialty oleochemicals. Biodegradable substances that exist naturally are called specialty oleochemicals. The growth in the consumption of specialty oleochemicals can be attributed to rising consumer demand for biosurfactants, biodegradable polymers, and lubricants. The industry is expected to gain from the adoption of strict regulations on the use of petrochemicals and the growing demand for biodegradable products. Given the volatility of essential oil prices and the growing concerns about food security in many developing countries, vegetable oil might soon be used in industrial settings. Environmental regulations are becoming more stringent as renewable resources become scarcer. Oleochemicals have the potential to grow and will eventually replace traditional products made from oil. Oleochemicals are renewable and biodegradable substitutes for petrochemical-based products, the market's expansion can be linked to consumers' growing desire for environmentally friendly and sustainable products. Specialty oleochemicals are crucial components in the production of skincare, cosmetic, and soap products in the personal care sector. Consumer preference for natural and organic components has increased due to growing knowledge of the adverse effects of synthetic chemicals, which has increased demand for oleochemicals. Godrej Chemicals is committed to minimizing environmental impact, promoting sustainable practices, and incorporating green chemistry principles into their oleochemical production.

 

Report Coverage

This research report categorizes the market for the global specialty oleochemicals market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global specialty oleochemicals market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global specialty oleochemicals market.

 

DRIVING FACTORS:

The expanding consumer need for eco-friendly products could boost market expansion.

Specialty oleochemical usage is increasing as materials that are ethical and environmentally friendly become more and more preferred by consumers and industry. These components are thought to be more environmentally friendly than petrochemical-based ones as they come from renewable sources. Specialty oleochemicals are widely used in the cosmetic and personal care industry owing to their natural source and versatile nature. The demand for components derived from oleochemicals is strongly impacted by the growing demand for natural and organic products in these industries.  

 

RESTRAINING FACTORS

A costly implementation could limit market expansion.

The expansion of the specialty oleochemicals market is expected to be hindered by the high cost of the production process. Ownership prices are high even when other solutions are readily available in the market. These are some of the primary factors impeding the market's growth for specialty oleochemicals.  Specialty oleochemicals are not well-known or understood in some places, such as developing countries, because of limited knowledge and accessibility, which could impede their adoption and eventual market expansion.

 

Market Segmentation

The specialty oleochemicals market share is classified into type and application.

 

The fatty acid segment has the highest share of the market during the forecast period.

Based on type, the specialty oleochemicals are classified into fatty acids, fatty alcohols, methyl esters, and glycerine. Fatty Acids continues to be in the Leading owing to personal care Industry demand. Due to the ease of obtaining raw materials and the increasing global demand for organic personal care products, the fatty acids category now has a dominant position in the market. Furthermore, due to their amphipathic properties, fatty acids serve as surfactants in detergents and soaps. An essential component of many downstream derivatives, such as elastomers, toiletries, biocides, softeners, and wax for a variety of sectors, is fatty acid. Growth in the category is predicted as a result. They are extensively utilized in industrial settings for lubricants, polymers, food, cosmetics, and pharmaceuticals. In the oleochemical business, Sulzer fractional distillation is a well-respected and proven technique for producing single-cut fatty acids at the required purity or for purifying fatty acid mixtures to the correct fatty acid ratio.

 

The personal care segment owing to the largest share of the market over the forecast period.

Based on application, the specialty oleochemicals are classified into food & beverages, chemicals, animal feed, pharmaceutical, and personal care sectors. Specialty oleochemical derivatives and formulations are used in creams, skincare, sun care, hair care, and dental care products in the personal care and cosmetics industry. The need for personal care products is being driven by the rising desire for organic and anti-aging treatments to preserve a young appearance. The demand for specialty oleochemical derivatives in the personal care and cosmetics application segment is then anticipated to result from this. This business has grown steadily along with the amount of shelf space that is available in supermarkets, hypermarkets, retail establishments, and boutiques worldwide.

 

Regional Segment Analysis of the Global Specialty Oleochemicals Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia-Pacific is having the biggest share of the specialty oleochemicals market throughout the forecast period.  

 

Get more details on this report -

Request Free Sample PDF

 

Specialty oleochemicals are projected to find the most profitable regional market in Asia Pacific. With its substantial industrial roots, this region offers enormous opportunities for a variety of downstream industries. The raw material resources in the region are abundant, particularly in Indonesia, Malaysia, and the Philippines, where the markets for coconut oil and palm oil have experienced very rapid expansion. The region's vast captive market and abundance of raw materials, such as palm oil and palm kernel oil, have pushed manufacturers to increase their production capabilities. It is projected that the market for specialty oleochemicals in the region will be driven by this tendency.

 

The Europe is fastest growing region over the projected timeframe. 

European countries like Germany, France, and the Netherlands are significant players in the oleochemicals industry due to their emphasis on environmentally friendly methods and the use of bio-based products. Customers' demand for sustainable products and the region's stringent regulations have led to the usage of specialist oleochemicals in a range of applications, such as the industrial, cosmetics, and personal care industries.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global specialty oleochemicals market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Vantage Specialty Chemicals
• Kao Corporation
• Musim Mas Holdings Pte. Ltd.
• Ferro Corporation
• Peter Cremer North America LP
• Twin Rivers Technologies
• Berg + Schmidt GmbH & Co. KG
• Emery Oleochemicals
• P&G Chemicals
• IOI Oleochemical Industries Berhad
• Evonik Industries AG
• AAK AB
• Godrej Industries Limited
• Behn Meyer Holding AG
• Others

 

Key Market Developments

• In July 2024, Adani Wilmar, an international food and beverage conglomerate based in India that also makes oleochemicals, purchased a 67% share in Omkar Chemicals, a specialty chemical company. At the factory, which is currently operating at less than 10% of its capacity, the corporation intends to increase production.

 

• In April 2023, Kenanga Research stated that following the acquisition of Temix Oleo, an Italian-based specialist oleochemical player, Kuala Lumpur Kepong Bhd (KL Kepong) is anticipated to maintain its ongoing concentration on oleochemicals specialization.  According to the company, in addition to getting access to the European market, the acquisition will enable KL Kepong to benefit from Temix's experience in creating natural or bio-based chemicals.

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global specialty oleochemicals market based on the below-mentioned segments: 

 

Global Specialty Oleochemicals Market, By Type

• Fatty Acids
• Fatty Alcohols
• Methyl Esters
• Glycerine

 

Global Specialty Oleochemicals Market, By Application

• Food & Beverages
• Chemicals
• Animal Feed
• Pharmaceutical
• Personal Care Sector

 

Global Specialty Oleochemicals Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa