Global Oleochemicals Market Demand is Expected to Reach 15 million tons in 2018: Transparency Market Research
Albany NY (PRWEB) November 30, 2012
The global market for Oleochemicals was led by Asia Pacific market sharing approximately 68% of the global market in 2011. Asia Pacific also accounted for over 60% of the global capacity for oleochemicals in 2011. Europe was the second largest market with 18% of the global market for the same year.
Oleochemicals are widely used in many industries including soaps and detergents, plastics, rubber, lubricants, paper, paints, coatings and personal care. Personal care and soap & detergents account for the largest segment, whereas food and beverages segment is the fastest growing segment, growing at a CAGR of 6.9% from 2013 to 2018.
Some of the major factors driving the global market of oleochemicals include the growing demand for environment friendly products and regulatory/government support for the production of oleochemicals. Some of the factors acting as barriers to the growth of global oleochemicals market include poor utilization rates practiced in the industry and rising feedstock cost, especially in the European market.
However huge opportunities lie in the Asia Pacific market owing to growing demand for oleochemicals in emerging countries like China and India. Malaysia and Indonesia are two countries where abundant raw material is available at cheap rates. Indonesia is also the largest producer of coconut oil, which is used as one of the major feedstock for producing oleochemicals.
Some of the major players in the oleochemicals market include Myriant, Genomatica, Gevo, Amyris, Solazyme, Codexis, Metabolix, Wilmar International, Emery Oleochemicals, Evonic, and Goldschmidt among some other companies
This research is specially designed to estimate and analyze the demand and performance of oleochemicals in global scenario. This research provides in-depth analysis of oleochemical manufacturers, trend analysis by segments and demand by geography. The report covers all the major segments of the global oleochemicals market and provides in-depth analysis, historical data and statistically refined forecast for the segments covered.