Oleochemicals Market Size To Reach USD 26250 Million By 2028 Growing At A CAGR of 2.4% | Valuates Reports

BANGALORE, India, Oct. 31, 2022 /PRNewswire/ -- Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Oleochemicals estimated at USD 22760 million in the year 2022, is projected to reach a revised size of USD 26250 million by 2028, growing at a CAGR of 2.4% during the forecast period 2022-2028. Global Opportunity Analysis and Industry Forecast, 2022 - 2028. It is published in Valuates Reports under the Chemicals Industry Category.

Major Factors Driving The Growth of the Oleochemicals Market are

During the forecast period, it is anticipated that the rising need for renewable, sustainable, and bio-based chemicals in the personal care & cosmetics, food & beverage, pharmaceutical, and other industries will fuel the Oleochemicals Market growth. The high cost of petrochemical goods and consumers' evolving preferences for eco-friendly goods will also drive the growth of the Oleochemicals Market.

Browse The Table of Contents And List of Figures At https://reports.valuates.com/market-reports/QYRE-Auto-32N11124/global-oleochemicals

TRENDS INFLUENCING THE GROWTH OF OLEOCHEMICALS MARKET

Increasing use of Oleochemicals in Personal Care and Cosmetics is expected to drive the growth of the Oleochemicals Market. Oleochemicals are used in personal care items as necessities for skin and hair care. They have grown in popularity as a result of their propensity to be devoid of carcinogens and allergens. Oleochemicals are used by the cosmetics sector to produce safe products for its customers. While polyhexanide is a water-based preservative and antibacterial ingredient used in many cosmetics, octyl stearate is a palm derivative used as an emollient for lipstick and eyeshadow.

Oleochemicals are utilized to make sanitizers for food contact surfaces as well as food packaging that has received FDA approval. When making sweets, calcium stearate is used as a flow agent and as an emulsifier for food. When making candy, triple-pressed stearic acid is utilized as a mold-release agent in addition to a hardening additive in the food and beverage industry. Thus the increasing use of Oleochemicals in the food and beverage industry is expected to fuel the Oleochemicals Market growth.

The growing use of Oleochemicals in pharmaceuticals is expected to drive the growth of the Oleochemicals Market. Oleochemicals can be employed as emollients, thickeners, and preservatives in the pharmaceutical and nutraceutical industries. In addition to being utilized as an emollient or thickening agent in other pharmaceutical applications, isopropyl myristate serves as a moisturizer in topical pharmaceutical treatments. As a humectant, glycerine 99.7% is used in the production of mouthwash and cough syrup.

Oleochemicals are able to enter the market and replace the currently used petroleum-based goods as a result of tightening environmental restrictions and the depletion of nonrenewable resources. In order to meet the demand for biobased products, manufacturers are also switching from chemical-based products to bio-based eco-friendly ones. This is anticipated to save time, money, and the environment.

Get Your Sample Today: https://reports.valuates.com/request/sample/QYRE-Auto-32N11124/Global_Oleochemicals_Market

OLEOCHEMICALS MARKET SHARE ANALYSIS

Based on type, the fatty acids segment is expected to be the most lucrative. The segment is expected to grow as a result of rising demand for bio-based fatty acids from end-use industries such as pharmaceuticals, personal care, cosmetics, food & beverages, chemicals, and others. Meanwhile, the rising demand for fatty alcohol is being driven by the pharmaceutical and cosmetics industries.

Based on region, the Asia-Pacific region is expected to drive the Oleochemicals Market. As a result of recent advancements and modernization in Asian oleochemical production facilities, which provide outstanding raw material integration and give producers a competitive edge over competitors from abroad. Additionally, a strong foundation of raw materials, a movement in consumer preferences toward sustainable products, and low manufacturing costs all contribute to the region's market growth.

Inquire For Customization : https://reports.valuates.com/request/customisation/QYRE-Auto-32N11124/Global_Oleochemicals_Market

Market By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

Buy Chapter On North America: https://reports.valuates.com/market-reports/QYRE-Auto-32N11124/global-oleochemicals/5

Buy Chapter On Asia Pacific: https://reports.valuates.com/market-reports/QYRE-Auto-32N11124/global-oleochemicals/7

Segment by Type

• Fatty acid
• Fatty alcohol
• Glycerin
• Others

Segment by Application

• Cosmetic & Personal Care
• Food & Beverages
• Pharmaceutical
• Polymers & Plastics Additives
• Others

Key players

• Wilmar International
• BASF
• Eastman Chemical
• P&G Chemicals
• Cargill
• Evonik Industries
• Godrej Industries
• PTT Global Chemical
• Kraton Corporation
• Emery Oleochemicals
• Alnor Oil
• Berg + Schmidt
• IsoSciences
• Vegetable Vitamin Foods Company
• MYRIANT

Buy Chapter On Company Profiles: https://reports.valuates.com/market-reports/QYRE-Auto-32N11124/global-oleochemicals/10

Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-32N11124&lic=single-user

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS

-  High-density Polyethylene market size is estimated to be worth USD 80690 million in 2022 and is forecast to a readjusted size of USD 97470 million by 2028 with a CAGR of 3.2% during the forecast period 2022-2028.

-  The global High Purity Quartz market size is estimated to be worth USD 611950 million in 2022 and is projected to reach USD 803340 million by 2028 with a CAGR of 4.6% during the review period.

-   The Containerboard market was valued at USD 155920 million in 2022, and it is anticipated to reach USD 198430 million by 2028, registering a CAGR of about 4.1% during the forecast period (2022–2028).

-  The global Water Electrolysis market size is estimated to be worth USD 263.4 million in 2022 and is forecast to be a readjusted size of USD 733.1 million by 2028 with a CAGR of 18.6% during the review period.

-   The global methionine market size was valued at USD 6423 million and it is expected to reach USD 8380.2 million by the end of 2027 with a CAGR of 4.0% during 2021-2027.

-  The global Maleic Anhydride market size is projected to reach USD 4963.6 million by 2027, from USD 3145.3 million in 2020, at a Compound Annual Growth Rate (CAGR) of 7.9% during 2021-2027.

-  The global Ceramic Capacitor market size is estimated to be worth USD 14660 million in 2022 and is forecast to be a readjusted size of USD 23790 million by 2028 with a CAGR of 8.4% during the review period.

-  The global Bentonite market size is estimated to be worth USD 1422.7 million in 2022 and is forecast to be a readjusted size of USD 1640.3 million by 2028 with a CAGR of 2.4% during the review period.

-  The global Polyurethane market size is estimated to be worth USD 79510 million in 2022 and is forecast to be a readjusted size of USD 97740 million by 2028 with a CAGR of 3.5% during the forecast period 2022-2028.

-  The polyolefins market was valued at USD 133.9 billion in 2020, and is projected to reach USD 446.6 billion by 2028, growing at a CAGR of 12.5% from 2021 to 2028.

-  The global Polyethylene market size is estimated to be worth USD 122550 million in 2022 and is forecast to a readjusted size of USD 142120 million by 2028 with a CAGR of 2.5% during the review period.

-  The global polylactic acid market size is estimated to be worth USD 1108.3 million in 2022 and is projected to reach USD 1346.7 million by 2028 with a CAGR of 3.3% during the forecast period.

-  The global Coating Resins market size is estimated to be worth USD 26370 million in 2022 and is projected to reach USD 31290 million by 2028 with a CAGR of 2.9% during the review period.

-   The global Heat Resistant Coating market size is estimated to be worth USD 5343 million in 2022 and is forecast to a readjusted size of USD 6799.7 million by 2028 with a CAGR of 4.1% during the review period.

-  The global Metal Coatings market size is estimated to be worth USD 14410 Million in 2022 and is forecast to a readjusted size of USD 19400 Million by 2028 with a CAGR of 5.1% during the review period.

-  The global Green Coatings market size is estimated to be worth USD 87040 million in 2022 and is forecast to be a readjusted size of USD 114660 million by 2028 with a CAGR of 4.7% during the review period.

-  The global antimicrobial coatings market was valued at USD 4.0 billion in 2019 and is anticipated to reach USD 11.6 billion by 2027. The market is projected to experience growth at a CAGR of 13.3% from 2020 to 2027.

Click Here To See Related Reports on Oleochemicals Market

About Us:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

Contact Us:

Valuates Reports
sales@valuates.com 
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg