Country-Niche Players and Regional Players constitute ~50% and ~40% of market presence respectively Despite the Presence of about ~250 Competitors, find a Recent Market Study on Global Oleochemicals Market.
Oleochemicals are chemical substances made from natural fats and oils that can be employed in a range of industries as either raw materials or supplementary ingredients. Petrochemicals, which are made from petroleum, can be replaced with oleochemicals.
Ken Research shares 3 key insights on this high-opportunity market from its latest research study.
Large Global Players Hold Around 40% of the Market Share Followed by Regional Players Holding ~35% of the Market Share
A comprehensive competitive analysis conducted during the Research Study found that the Global Oleochemicals Market is competitive with ~250 players which include globally diversified players, and regional players, as well as a large number of country-niche players.
According to the research, the Large Global Players held the dominant position in the market in 2021, in terms of the market share with about ~40% followed by regional players which account for ~35% of the market share.
Leading Global Players Focus on Acquisition and Increase in Production to Cater to the Wider End-user Audience
Global players are highly focused on advancing their products and processes to improve in their product quality that can be used in multiple application segments like healthcare & pharmaceuticals, household care, Industrial, food & beverages, personal care & cosmetics, etc. Several companies are involved in strategic developments such as acquisitions, partnerships, and joint ventures.
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- In November 2019, Emery Oleochemicals expanded its distribution partnership with Omya Inc. Emery Oleochemicals is leveraging the capabilities of Omya to provide technical support to its USA-based customers for Green Polymer Additives (GPA) products, such as release agents, antifogging, lubricants, and specialty plasticizers.
- In August 2021, Edenor Technology Sdn Bhd, a joint venture of MEGA First Corp Bhd and 9M Technologies Sdn Bhd, undertook the acquisition of Emery Oleochemicals’ Asia Pacific unit. This has helped Edenor Technology Sdn Bhd to strengthen its presence in the oleochemical market of the Asia Pacific region.
Increased Initiatives of Governments Propelling the Growth of the Oleochemicals Market
- In Indonesia, the oleochemicals sector received a total of Rp. 14 trillion (US$1.4 billion) in investment from 12 companies since 2011. To lure more investors, the government of Indonesia grants tax holidays and tax allowances to companies willing to invest in the oleochemicals sector.
- European Union has brought a draft in 2021, to set out detailed rules to encourage the development of voluntary schemes that set standards for the production of sustainable biofuels, bioliquids, and biomass fuels and to certify them if they meet the standard.
Key Topics Covered in the Report
- Snapshot of the Global Oleochemicals Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Oleochemicals Market
- Historic Growth of the Overall Global Oleochemicals Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Oleochemicals Market
- Overview, Product Offerings, and SWOT Analysis of Key Competitors
- COVID-19 Impact on the Overall Global Oleochemicals Market
- Future Market Forecast and Growth Rates of the Total Global Oleochemicals Market and by Segments
- Market Size of Product Type / Application Segments with Historical CAGR and Future Forecasts
- Analysis of the Oleochemicals Market in Major Regions
- Major Production / Consumption Hubs in the Major Regions
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Country
Major Players Mentioned in the report
- Emery Oleochemicals
- BASF SE
- Wilmar International
- Godrej Industries
- Cargill Inc.
- Kao Corporation
- Edenor Technology Sdn Bhd
- Oleon NV.
- IOI Group Berhad
- P&G Chemicals
- Twin River Technologies Inc.
- Croda International plc.
Notable Emerging Companies Mentioned in the Report
- Matrix Life Science
- VVF L.L.C.
- 3F Industries Limited.
- Vance Bioenergy Sdn. Bhd.
- EGC Reliant, Inc.
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Preservatives Manufacturers
- Thickening Agents Manufacturers
- Fatty Acids Manufacturers
- Biofuel Dealers
- Industrial Lubricants Manufacturers
- Healthcare Products Manufacturers
- Palm Oil Manufacturers
- Major Chemical Manufacturing Firms
- Cosmetic Emollient Manufacturers
- Adhesives Manufacturers
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
For more information on the research report, refer to below link: