Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Oleochemicals Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Oleochemicals Market Grow Between 2024 and 2025?
The oleochemicals market has seen a significant increase in its size recently. The market, which was valued at $29.43 billion in 2024, is projected to reach $31.69 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.7%. The historic growth trend of the Oleochemicals market has been strong.
How Much Will the Oleochemicals Market Be Worth in 2029?
By 2029, the oleochemicals market is projected to reach a market size of $48.42 billion, expanding at a compound annual growth rate (CAGR) of 11.2%.
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Which Oleochemicals Market Drivers Are Linked to Revenue Growth?
The key Drivers in the oleochemicals market are:
• Rising demand for eco-friendly alternatives such as sustainable plastics
• Shift to sustainable plastics due to environmental hazards caused by non-biodegradable materials
• Optimizing business operations and reducing inefficiencies through the use of sustainable plastics
• Increased usage of oleochemicals across various industries such as cosmetics, pharmaceutical, fashion, and food.
Which Segments Are Expected to Grow in the Oleochemicals Market?
The oleochemicalsmarket covered in this report is segmented –
1) By Product: Fatty Acid, Fatty Acid Methyl Ester, Glycerol Esters, Fatty Alcohol, Fatty Amines, Other Products
2) By Application: Personal Care And Cosmetics, Soap And Detergents, Food And Beverages, Pharmaceuticals And Nutraceuticals, Others Applications
3) By Sales Channel: Direct, Indirect
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What Are The Key Trends Impacting Growth In The Global Oleochemicals Market?
The key trends in the oleochemicals market are:
• The trend of strategic partnerships and collaborations is emerging in the oleochemicals market.
• Companies are increasingly aligning efforts with distributors to expedite market presence and reach.
• There's a growing inclination towards offering innovative bio-based solutions in the industry.
• Cross-border collaborations are on the rise to exploit the potential in new markets and applications.
Who Are the Key Competitors in the Global Oleochemicals Market?
The key players in the oleochemicals market are:
• Wilmar International Limited
• Kuala Lumpur Kepong Berhad
• Kao Corporation
• BASF SE
• Evonik Industries AG
• IOI Group
• Emery Oleochemicals
• Godrej Industries
• Oleon Nv
• Eastman Chemicals Company
• Klk Oleo
• Ecogreen Oleochemicals (Singapore) Pte Ltd
• Pacific Oleochemicals Sdn Bhd
• Ptt Global Chemical
• Hangzhou Zanyu Oil Technology Co. Ltd
• Jiangsu Meiaisi Corp Ltd
• Taiko Palm-Oleo (Zhangjiagang) Co. Ltd
• Evyap Oleo
• Croda Industrial Chemicals
• Mirriko
• Pcc Group
• Glycerine.Ru
• Jedwards International Inc
• Solvent Systems International
• Ravago Chemicals North America
• Vantage Oleochemicals
• Oxiteno
• Materia Hnos
• Cremer Oleo Brazil
• Gulf Chemicals And Industrial Oils Co
• The Saudi Company Of Chemical Trading Ltd
• African Chemicals
• Refinex
• Tristar
Where Is the Oleochemicals Market Growing Fastest Between 2025 and 2029?
Asia-Pacific was the largest region in the oleochemicals market in 2024, and it is also expected to be the fastest-growing region in the forecast period
