Product Type (Fatty Alcohols, Fatty Acid, Glycerol)
The global oleochemicals market is segmented and analyzed for demand and supply by product type into fatty alcohols, fatty acid, glycerol, and others. Out of these four types of segments, the fatty acid segment is estimated to gain the largest market share of about 48% in the year 2037. The growth of the segment can be attributed to the increasing usage of bio-based fatty acid in the production of various personal care and organic cosmetics products such as creams, soaps, lotions, and others, followed by the surging demand for fatty acid in various end-use industries such as pharmaceuticals, food and beverage, cosmetics, and so on. For instance, in 2021, the global revenue from the natural and organic cosmetics sector was estimated to be approximately USD 12 billion. In addition to this, fatty acid acts as a vital basic material in the manufacturing of several secondary compounds comprising biocides, toiletry, softeners, elastomers, bio-wax, and so on for various industries. This, as a factor, is also anticipated to propel the segment growth in the coming years.
Application (Pharmaceutical & Personal Care, Food & Beverages, Soaps & Detergents, Polymers)
The global oleochemicals market is also segmented and analyzed for demand and supply by application into pharmaceutical & personal care, food & beverages, soaps & detergents, polymers, and others. Amongst these segments, the food & beverages segment is expected to garner a significant share of around 38% in the year 2037. The growth of the segment can be attributed to the escalating use of bio-based stabilizers, thickeners, and other types of food additives in the food and beverage industry. On the other hand, the pharmaceutical & personal care segment is projected to witness a massive CAGR during the forecast period, on the back of the rising deployment of oleochemicals in the production of numerous kinds of pharmaceutical drugs and personal care products, coupled with the massively rising demand for pharmaceutical drugs, and bio-based personal care products throughout the world.
Our in-depth analysis of the global market includes the following segments:
By Product Type |
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By Application |
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Author Credits: Rajrani Baghel
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