세계의 올레오케미컬 시장 전망(-2030년) : 제품별, 시스템 유형별, 공급원별, 등급별, 형태별, 용도별, 지역별 분석

According to Stratistics MRC, the Global Oleochemicals Market is accounted for $27.12 billion in 2024 and is expected to reach $45.48 billion by 2030 growing at a CAGR of 9.0% during the forecast period. Oleochemicals are sustainable substitutes for petroleum-based chemicals because they are made from natural oils and fats, which are usually obtained from plants and animals. These substances, which are vital to many different industries, include fatty acids, glycerin, fatty alcohols, and esters. Moreover, they are essential to the production of goods like soaps, detergents, cosmetics, lubricants, and even bio fuels, which helps to make the industrial sector greener and more sustainable.

According to the European Chemicals Agency (ECHA), the European Union has seen a significant shift towards biodegradable and sustainable chemical products, with oleochemicals being a major focus. This trend is driven by stricter environmental regulations and consumer preferences for eco-friendly products.

Market Dynamics:

Driver:

Demand for eco-friendly substitutes

The market for oleochemicals is being driven primarily by the trend toward sustainability. Consumers are increasingly choosing products made from renewable resources over fossil fuels as they become more environmentally conscious. This demand can be seen in a number of industries, such as food, personal care, and industrial applications. The market is expanding as a result of businesses repurposing their goods to incorporate oleochemicals in an effort to appeal to environmentally conscious customers.

Restraint:

Price volatility for raw materials

The cost of essential raw materials for the production of oleochemicals, like tallow, soybean oil, and palm oil, is extremely erratic and susceptible to changes in agricultural conditions. Natural catastrophes, seasonal fluctuations and weather patterns can all have a significant effect on crop yields, resulting in shortages and price increases. For instance, floods or droughts can drastically cut down on the supply of these essential oils, which would increase the cost to producers. Furthermore, it can be difficult for producers to maintain stable pricing and profitability when price volatility is further exacerbated by geopolitical factors like trade restrictions and tariffs.

Opportunity:

Increase in green building projects

The emergence of green building practices presents the oleochemicals market with yet another significant opportunity. There is a growing need for environmentally friendly paints, adhesives, sealants, and insulation products as the building industry around the world places a higher priority on sustainability. Low-emission construction materials that satisfy strict environmental regulations can be made using oleochemicals. Additionally, with increasing demand for oleochemicals, this move toward sustainable building practices supports international initiatives to raise building energy efficiency and lower carbon footprints.

Threat:

Competition from alternatives to petrochemicals

The market expansion for oleochemicals is seriously threatened by the existence of well-established petrochemical substitutes. Because of their established supply chains and lower costs, synthetic chemicals made from fossil fuels have long been used by many industries. For businesses that are reluctant to alter their formulations or procedures, switching to oleochemicals may therefore be viewed as a risk. Furthermore, new petrochemical products that are more cost-effective or perform better than oleochemicals alternatives may be developed as a result of developments in synthetic chemistry.

Covid-19 Impact:

Due to lockdowns, manufacturing halts, and transportation restrictions, the COVID-19 pandemic had a major impact on the oleochemical market and caused disruptions in a number of different sectors. Production initially decreased as a result of the pandemic, especially for glycerin and biodiesel, which are essential for food and personal care products. The demand for oleochemicals did, however, noticeably increase as economies started to recover, primarily due to growing consumer interest in eco-friendly products, sanitizers, and disinfectants. Moreover, the pandemic caused industries to look for biodegradable substitutes for petrochemicals, hastening the transition to sustainable practices.

The Palm segment is expected to be the largest during the forecast period

The oleochemicals market is expected to have the largest share in the palm oil segment. Fatty acids and fatty alcohols are among the many oleochemical products that can be made from palm oil, which is a valuable raw material because of its high yield and adaptability. Countries like Indonesia and Malaysia produce the majority of the world's palm oil, which together makes up a sizeable amount of the total. Additionally, palm oil's accessibility has made it a leading feedstock in the oleochemical sector, especially in the Asia-Pacific area, where it finds widespread use in food applications, soaps, detergents, and personal care products.

The Personal Care & Cosmetics segment is expected to have the highest CAGR during the forecast period

Over the course of the forecast period, the oleochemicals market's highest CAGR is anticipated in the personal care and cosmetics segment. The growing demand for hypoallergenic and chemical-free ingredients in personal care formulations, along with consumers growing preference for natural and organic products, is the main drivers of this growth. Because of their skin-friendly qualities and biodegradability, oleochemicals, which come from renewable sources like plant and animal fats, are being used more and more in a range of cosmetic products like creams, lotions, and soaps. Furthermore, it is anticipated that the global market for natural cosmetics will grow dramatically, reflecting a larger consumer trend toward sustainability and environmental consciousness.

Region with largest share:

The oleochemical market is dominated by the Asia-Pacific region. The main reasons for this dominance are the region's significant production capacity and the accessibility of raw materials, especially palm oil and palm kernel oil, which are mostly imported from nations like Malaysia and Indonesia. Because they produce large amounts of fatty acids and alcohols that are necessary for a variety of applications, such as personal care, food processing, and industrial products, these countries are major players in the oleochemical industry. Moreover, the market in this area is further driven by the rising consumer demand for sustainable and biodegradable products as industries move more and more toward environmentally friendly substitutes.

Region with highest CAGR:

Due to stricter regulations encouraging the use of biodegradable substitutes for petrochemicals and rising consumer demand for eco-friendly and sustainable products, the Europe region is expected to have the highest CAGR in the oleochemicals market. Oleochemicals are a desirable alternative for producers looking to adhere to environmental regulations because of the European market's strong preference for natural and organic ingredients in food, personal care, and industrial applications. Furthermore, Germany, France, and the Netherlands are among the nations spearheading this shift, making significant investments in R&D to create novel oleochemical products that adhere to sustainability and safety regulations.

Key players in the market

Some of the key players in Oleochemicals market include Evonik Industries AG, Wilmar International Ltd., BASF SE, Vantage Specialty Chemicals, Inc., Godrej Industries Limited, SABIC, Emery Oleochemicals Group, JNJ Oleochemicals, Incorporated, Sasol Limited, Oleon N.V., Kao Chemicals Global, Stepan Company, Cargill Inc., P&G Chemicals and Sulzer.

Key Developments:

In August 2024, SABIC, a global leader in diversified chemicals signed a potential investment agreement with the Fujian government, under the auspices of the Saudi Ministry of Energy, to build an engineering thermoplastics compounding plant in China's Fujian Province.

In July 2024, BASF and ENGIE signed a 7-year Biomethane Purchase Agreement (BPA). Under the BPA, ENGIE will supply BASF with 2.7 to 3.0 terawatt hours of biomethane throughout the term of the agreement. BASF uses certified biomethane at its Ludwigshafen/Germany and Antwerp/Belgium sites as a sustainable alternative to fossil raw materials in its manufacturing process.

In March 2024, Evonik Vland Biotech, a new joint venture between Evonik China and Shandong Vland Biotech, began operations. The venture aims to expand the market presence of their livestock probiotics in Greater China and develop new products.

Products Covered:

• Fatty Acids
• Methyl Esters
• Fatty Alcohols
• Fatty Amines
• Glycerin
• Other Products

System Types Covered:

• Gravity-Based
• Pressure-Driven

Sources Covered:

• Palm
• Soy
• Rapeseed
• Sunflower
• Tallow
• Palm Kernel
• Coconut
• Other Sources

Grades Covered:

• Pharma
• Food
• Industrial
• Other Grades

Forms Covered:

• Powder
• Flakes
• Liquid
• Other Forms

Applications Covered:

• Personal Care & Cosmetics
• Consumer Goods
• Food & Beverages
• Textiles
• Chemicals
• Paints & Inks
• Industrial
• Healthcare & Pharmaceuticals
• Polymer & Plastic Additives
• Other Applications

Regions Covered:

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

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Oleochemicals Market, By Product

• 5.1 Introduction
• 5.2 Fatty Acids
• 5.3 Methyl Esters
• 5.4 Fatty Alcohols
• 5.5 Fatty Amines
• 5.6 Glycerin
• 5.7 Other Products

6 Global Oleochemicals Market, By System Type

• 6.1 Introduction
• 6.2 Gravity-Based
• 6.3 Pressure-Driven

7 Global Oleochemicals Market, By Source

• 7.1 Introduction
• 7.2 Palm
• 7.3 Soy
• 7.4 Rapeseed
• 7.5 Sunflower
• 7.6 Tallow
• 7.7 Palm Kernel
• 7.8 Coconut
• 7.9 Other Sources

8 Global Oleochemicals Market, By Grade

• 8.1 Introduction
• 8.2 Pharma
• 8.3 Food
• 8.4 Industrial
• 8.5 Other Grades

9 Global Oleochemicals Market, By Form

• 9.1 Introduction
• 9.2 Powder
• 9.3 Flakes
• 9.4 Liquid
• 9.5 Other Forms

10 Global Oleochemicals Market, By Application

• 10.1 Introduction
• 10.2 Personal Care & Cosmetics
• 10.3 Consumer Goods
• 10.4 Food & Beverages
• 10.5 Textiles
• 10.6 Chemicals
• 10.7 Paints & Inks
• 10.8 Industrial
• 10.9 Healthcare & Pharmaceuticals
• 10.10 Polymer & Plastic Additives
• 10.11 Other Applications

11 Global Oleochemicals Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 Evonik Industries AG
• 13.2 Wilmar International Ltd.
• 13.3 BASF SE
• 13.4 Vantage Specialty Chemicals, Inc.
• 13.5 Godrej Industries Limited
• 13.6 SABIC
• 13.7 Emery Oleochemicals Group
• 13.8 JNJ Oleochemicals, Incorporated
• 13.9 Sasol Limited
• 13.10 Oleon N.V.
• 13.11 Kao Chemicals Global
• 13.12 Stepan Company
• 13.13 Cargill Inc.
• 13.14 P&G Chemicals
• 13.15 Sulzer