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Demand for Environment-friendly Products Drives Global Oleochemicals Market

Article Description

Oleochemicals are sourced from fats derived from animals and plants. The popularly used oleochemical substances such as fatty amines, fatty acids, fatty alcohols, fatty acid methyl esters (FAME), and glycerols are a result of enzymatic and chemical reactions. In recent years, a rise in the demand for environment-friendly products has given a tremendous boost to the global oleochemicals market, as oleochemicals substances are marketed as natural products. These products are known to be natural products as they are derived from natural oils. However, the use of chemical processes does leave behind a few impurities in the final products, making the question of them being natural or unnatural debatable.

Browse the full Global Oleochemicals Market report at http://www.mrrse.com/global-oleochemicals-market

High Demand for Environment-friendly Products Boost Demand from Global Oleochemicals Market

Market research shows that, as mentioned before, the high demand for environment-friendly products is expected to drive the growth of the global oleochemicals market. This growth will be complemented by the increasing government initiatives that are encouraging the production of oleochemicals. Despite these strong market drivers, the global oleochemicals market will be restrained by the rising cost of feedstock. This problem will be further complicated by the practice of poor utilization rates.

Global Oleochemicals Market to Register CAGR of 6% from 2010 to 2018

The negative impact due to the aforementioned restraining factors will be countered by the increasing demand for oleochemicals from the emerging economies of India and China, as Asia Pacific limps to economic stability. This demand will be supplemented by the availability of raw materials at affordable prices in countries such as Indonesia and Malaysia. Indonesia, the largest producer of coconut oil, will be the biggest supplier of feedstock required for producing oleochemicals. Owing to these growth opportunities, the global oleochemicals market is expected to reach US$15 mn by 2018 from US$13 mn in 2010, rising at a CAGR of 6% during the forecast period from 2010 to 2018.

The global oleochemicals market is segmented on the basis of product, application, and geography. The products in this market are fatty acids, fatty alcohols, and glycerin. The application of these products is seen in food and beverages, pharmaceuticals and personal care, soaps and detergents, polymers, and other.  Geographically, this market is segmented into North America, Asia Pacific, Europe, and Rest of the World.

Asia Pacific to Continue its Dominance over Global Oleochemicals Market

Geographically, the Asia Pacific oleochemicals market is growing at a rapid pace. As of 2011, this regional market held a 68% share in the overall market. Asia Pacific also accounted for 60% of the total capacity for oleochemicals production in 2011. Europe followed this regional segment, with a share of 18% in the global oleochemicals market in 2011.

Of all the products in the global oleochemicals market, the personal care and soap and detergents segments lead the overall market. However, analysts predict that the food and beverages segment will grow at a CAGR of 6.9% from 2013 to 2018, surpassing other application segments.

Some of the important players in the global oleochemicals market are Goldschmidt, Genomatica, Amyris, Myriant, Gevo, Metabolix, Solazyme, Codexis, Evonik, Emery Oleochemicals, and Wilmar International.