Theglobal oleochemicals market is expected to reach USD 30.03 billion by 2020.Increasing demand for bio-based products from various end-use industries suchas soaps & detergents, pharmaceuticals and personal care is expected toremain a key driving factor for the global oleochemicals market. Industry hasshifted its focus towards developing bio-based products on account ofvolatility in petrochemicals prices due to supply demand imbalances which isalso expected to have a positive influence on oleochemicals demand over theforecast period. Initiatives from different environmental associationsregarding toxic emissions from petrochemicals are expected to further helpoleochemicals penetrate the market on account of its biodegradable andrenewable raw materials.
Oleochemicalproducts are used in various end-use industries including personal care, foodadditives, surfactants, and pharmaceuticals. Polyamide and polyols aremanufactured using oleochemical advanced routes which are used in producingpolyurethane, a major raw material for fabric industry. Growth of these end-useindustries particularly in emerging economies of India, China and Brazil isalso expected to drive the demand for oleochemicals. Availability of keyfeedstock on account of overlapping with other applications is expected toremain a key challenge for market participants over the next six years.
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Further key findings from the studysuggest:
Fattyacids were the leading oleochemical product and accounted for 57% of totaldemand in 2013. Growing demand for fatty acid as raw material in end-useindustries such as detergent and personal care is expected drive its demandover the forecast period. Glycerol is expected to witness significant growthrate over the next six years. Global demand for fatty acids is expected to growat an estimated CAGR of 6.4% from 2014 to 2020. Increasing glycerolapplications in food & beverages industry is expected to drive its demandover the next several years. Growing awareness for green chemistry amongconsumers is also expected to have positive impact on glycerol demand.
AsiaPacific was the largest regional oleochemicals market and accounted for 41.9%of total market volume in 2013. Rapidly expanding end-use industries such asfood & beverages, personal care and pharmaceuticals in the region isexpected to drive the regional oleochemicals demand. Availability of key rawmaterial in abundance particularly in Malaysia, China, Indonesia and Thailandis also expected to have a positive influence on the market growth. AsiaPacific is also expected to be the most lucrative regional market foroleochemicals over the foreseeable future. Asia Pacific along with largestconsumer is also the largest producer of oleochemicals. European oleochemicalsdemand is expected to grow at an estimated CAGR of 4.1% from 2014 to 2020.
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Globaloleochemicals market is moderately concentrated with top four companiesaccounted for over 55% of the total market. Oleochemicals market witnessed alarge number of mergers and acquisitions and there are significant opportunitiesfor the market occupants to introduce diversified products to sustain marketgrowth. Top oleochemicals market players include ADM, Akzo Nobel, BASF Cognis,Cargill, Emery Oleochemicals, Evonik, Oleon, KLK Malaysia, and WilmarInternational.
Table of Contents
Chapter1 Executive Summary
Chapter2 Oleochemicals Industry Outlook
2.1 Market segmentation
2.2 Market Size and Growth Prospects
2.3 Oleochemicals - Value Chain Analysis
2.4 Oleochemicals - Market dynamics
2.4.1 Market driver analysis
2.4.1.1 Growing demand for sustainable andbiodegradable products
2.4.1.2 Growing petrochemical prices
2.4.1.3 Growth of major end-use industries
2.4.2 Market restraint analysis
2.4.2.1 Change in environmental regulations andblending norms
2.4.2.2 Consistent supply of key feedstock
2.4.2.3 Low profit margins for refiners
2.5 Key opportunities - Prioritized
2.6 Industry Analysis - Porter's
2.7 Oleochemicals - Company market share analysis,2013
2.8 Oleochemicals - PESTEL Analysis
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