#Oleochemicals #Market #Size #Expected #Reach #USD
Pune, India, Oct. 28, 2022 (GLOBE NEWSWIRE) — The global oleochemicals market size is expected to reach USD 52.04 billion by 2028, exhibiting a CAGR of 6.4% between 2021 and 2028. The growing emphasis on natural oils & fats obtained from living feedstock, including plants, animals, and oilseeds, will enable speedy expansion of the market, states Fortune Business Insights, in a report, titled “Oleochemicals Market, 2021-2028.” The market size stood at USD 31.42 billion in 2020.
The Report Lists the Key Players in the Market:
- Cargill Inc. (Minnesota, U.S.)
- Kuala Lumpur Kepong Berhad (Perak, Malaysia)
- BASF SE (Ludwigshafen, Germany)
- Oleon N.V. (Ranst, Belgium)
- IOI Group Berhad (Putrajaya, ,Malaysia)
- Wilmar International (Singapore)
- Kao Chemicals (Tokyo, Japan)
- Twin Rivers Technologies (Massachusetts, U.S.)
- Croda Industrial Chemicals (Snaith, U.K.)
- Evonik Industries (Essen, Germany)
- Emery Oleochemicals (Selangor, Malaysia)
- Godrej Industries (Vikharoli, India)
Get a Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/oleochemicals-market-106250
Oleochemicals Market Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2021-2028 |
| Forecast CAGR | 6.4% |
| 2028 Value Projection | USD 52.04 Billion |
| Base Year | 2020 |
| Oleochemicals Market Size in 2020 | USD 31.42 Billion |
| Historical Data | 2017-2019 |
| No. of Pages | 120 |
| Segments Covered | By Product Type, By Age- Group, By Distribution Channel, By Region |
| Oleochemicals Market Growth Drivers | Increasing Demand from High-income Groups to Favor Growth |
| Rising Number of Wealthy Population to Boost Market Expansion |
Segmentation-
Fatty Acids to Account for the Largest Share
Based on type, the market is divided into fatty acids, fatty alcohols, methyl ester, and glycerin. The fatty acids category accounted for the majority of the market. The market is anticipated to expand due to rising demand for bio-based fatty acids from different end-use industries such as personal care, cosmetics,…
Read on GNW: Oleochemicals Market Size Expected to Reach USD 52.04
