Oleochemicals are
chemicals derived from plant and animal fats. These chemicals reveal several
properties such as tremendous emolliency, surface activity, emulsifying
properties, and many more. These chemicals are mainly used as intermediary in
several major industries in substituting harmful and expensive petrochemicals.
Due to wide usage of these Oleochemicals across various
industries, the Global Oleochemicals
Market is poised to generate good revenue during the forecast period 2015-2020.
MARKET TRENDS:
Owing to growing demand from major industries like soaps and
detergents, personal care, food & beverages, pharmaceuticals and others,
the Global Oleochemicals Market is growing at a comprehensive pace and is
estimated to grow more till the decade end.
Soaps & Detergents Industry is the main consumer of oleo
chemicals in the Global Oleochemicals Business. This industry accounts for 30%
of the total market share.
MARKET SEGMENTATION:
The Global Oleochemicals Market is segmented based on the
following factors.
1.
By
Component: Fatty Acids, Fatty Acid Methyl Esters, Fatty Alcohols &
Others.
2.
By
Application: Soaps & Detergents, Personal Care, Food & Beverage
& Others.
3.
By
Geography: North America, Europe, APAC & Rest of the World.
KEY PLAYERS:
Few competitors of the market which have been researched by
the experts of IndustryARC are
mentioned below.
·
P&G Chemicals
·
Wilmar International Limited
·
Godrej Industries
·
Ecogreen Oleochemicals & Others.
Many industries are switching from petrochemicals to
Oleochemicals mainly due to their lower cost, ease of usage, reliability and
mainly their eco-friendly nature. Due to this, it can be concluded that the
business of these Oleochemicals is surely promising in coming future.
To Know More about “Global
Oleochemicals Market, Download Sample Market Report:
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