Oleochemicals Market by Product - Global Industry Analysis and Forecast to 2022

Published On : November 2017 Pages : 78 Category: Renewable Chemicals Report Code : CM11355

Industry Trend Analysis

In 2012, the global oleochemicals market was evaluated around USD 16.05 billion and is expected to reach approximately USD 33.19 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 7.54% over the forecast period owing declining dependence on petrochemicals is projected to be a key factor fueling the growth during the next few years. Encouraging government regulations concerning financial incentives and tax benefits for bio-based chemical manufacturers are anticipated to impact the market growth positively. The innovations in applications along with product development are predicted to generate opportunities for market players during the projected period. The steady raw material supply, especially in the Southeast Asian nations like Malaysia and Indonesia, is estimated to be a major concern for market players. Oleochemicals are utilized in an extensive variety of applications involving personal care, surfactants, soaps, food additives, and detergents. Key chemical manufacturers have switched their preference towards utilizing-based chemicals for producing polymers. This is expected to influence the market players positively for acquiring the downstream potential of several oleochemicals like fatty acid glycerol, esters, and alcohols. The growing demand for bio-diesel might cause a rise in biofuel costs which are frequently affected by alterations in the blending norms and government policies. These factors are projected to stimulate the overall finances of oleochemical-based products that are expected to hamper the growth of the global market during the forecast years. The raw materials utilized for producing oleochemicals involve animal and vegetable oils & fats or are produced using the petrochemical raw material. The high pace of bio-based polyamide commercialization in the aforementioned applications is projected to encourage product demand further during the forecast period. The existence of numerous domestic producers in Southeast Asian nations Indonesia and Malaysia along with elevated demand in the local markets has been a key factor fueling the growth of the regional oleochemicals market. Government support concerning tax benefits especially in the developing markets of India and China with an objective to promote the production of eco-friendly chemicals is anticipated to boost the global market growth in next few years.

Product Outlook and Trend Analysis

In 2015, fatty acid appears to be the top product segment and reported for around 55% of the total demand. Rising applications of fatty acid in the personal care industry and detergents & soaps is predicted to boost the demand of fatty acid in next few years. In 2015, Asia Pacific regional fatty acid market in detergents and soaps was worth around USD 1,799.1 million and is expected to grow at a compound annual growth rate of 4.9% over the forecast period. The global fatty alcohol industry has experienced major capacity gains during the last decade especially in South-East Asia and Western Europe due to its rising demand for personal care, lubricants, detergents & soaps, and in other downstream industries. Glycerol is projected to experience the highest growth during the next few years owing to rising demand as a significant ingredient in different detergents products, food & beverages, and personal care. In terms of revenue, the European glycerol market is likely to grow at a forecasted compound annual of 5.3%.

Regional Outlook and Trend Analysis

In 2015, Asia Pacific region was the largest regional oleochemicals market and reported for around 40% of overall volume. Besides being the leading consumer, this region is also the largest oleochemicals manufacturer. The existence of a lot of local producers in Southeast Asian nations like Indonesia and Malaysia has been a key factor fueling the regional market growth. Giant Asian plantation organizations have funded the downstream chemical potentials to limit overcapacity of oleochemical in this region and to persuade decreased profitability. European oleochemicals market is projected to experience significant growth during the next few years. Growing significance for biodiesel as a substitute for petroleum-based fuels has been a key driving factor for the market growth in this region. Variable prices of petroleum and encouraging policies like blending norms are anticipated to fuel the demand of biodiesel, which consecutively projected to impact the European market positively during the future.

Competitive Outlook and Trend Analysis

Producers have taken a sensible approach to substitute bio-based chemicals from petrochemicals in order to reduce the reformulation and re-equipping cost and time. The global market has major diversification opportunities and had experienced a huge amount of acquisition and mergers by market participants during the last few years to boost the industry share. The important integration over the raw materials providers for producing oleochemicals has escalated the market competition further. Over 25% of fatty alcohol and 60% of fatty acid capacities are possessed by raw material providers worldwide; this has contributed to meeting economies of scale and augmented profit margins. The global market has huge potential for established manufacturers and new entrants. The established companies can research the oleochemicals and its derivatives on the basis of the feedstock, either by backward or forward integration which will permit these organizations to produce downstream products which contribute value to their established method. Key market participants in the global oleochemicals market are BASF, SABIC, Cargill, AkzoNobel, Wilmar International, TerraVia, Evonik, Evyap, Ecogreen Oleochemicals, Godrej Industries, KLK Oleo, Oleon NV, Musim Mas Group, IOI Group, Croda International, Procter & Gamble Co., Chemical Associates Inc., Twin River Technologies, and Emery Oleochemicals.

The global oleochemicals market is segmented as follows –

By Product

  • Fatty acid
  • Fatty alcohol
  • Glycerol
  • Other Products

By Region

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • United Arab Emirates
  • Others

Some of the key questions answered by the report are:

· What was the market size in 2012 and forecast from 2013 to 2022?

· What will be the industry market growth from 2013 to 2022?

· What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?

· What are the major segments leading the market growth and why?

· Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Market Classification

  • Oleochemicals Market, By Product, Estimates and Forecast, 2012-2022 ($Million)
    • Fatty alcohol
    • Fatty acid
    • Glycerol
    • Other Products
  • Oleochemicals Market, By Region, Estimates and Forecast, 2012-2022 ($Million)
    • North America
  • North America Oleochemicals Market, By Country
  • North America Oleochemicals Market, By Product
    • U.S. Oleochemicals Market, By Product
    • Canada Oleochemicals Market, By Product
    • Mexico Oleochemicals Market, By Product
    • Europe
  • Europe Oleochemicals Market, By Country
  • Europe Oleochemicals Market, By Product
    • Germany Oleochemicals Market, By Product
    • France Oleochemicals Market, By Product
    • UK Oleochemicals Market, By Product
    • Italy Oleochemicals Market, By Product
    • Spain Oleochemicals Market, By Product
    • Rest of Europe Oleochemicals Market, By Product
    • Asia-Pacific
      • Asia-Pacific Oleochemicals Market, By Country
      • Asia-Pacific Oleochemicals Market, By Product
        • Japan Oleochemicals Market, By Product
        • ChinaOleochemicals Market, By Product
        • Australia Oleochemicals Market, By Product
        • India Oleochemicals Market, By Product
        • South Korea Oleochemicals Market, By Product
        • Rest of Asia-Pacific Oleochemicals Market, By Product
    • Rest of the World
      • Rest of the World Oleochemicals Market, By Country
      • Rest of the World Oleochemicals Market, By Product
        • Brazil Oleochemicals Market, By Product
        • South Africa Oleochemicals Market, By Product
        • Saudi Arabia Oleochemicals Market, By Product
        • Turkey Oleochemicals Market, By Product
        • United Arab Emirates Oleochemicals Market, By Product
        • Others Oleochemicals Market, By Product

Table of Contents

  1. Introduction
    1. Report Description
    2. Research Methodology
      1. Secondary Research
      2. Primary Research
  2. Executive Summary
    1. Key Highlights
  3. Market Overview
    1. Introduction
      1. Market Definition
      2. Market Segmentation
    2. Market Dynamics
      1. Drivers
        1. Unbalanced petrochemical prices
        2. Rising demand for sustainable and biodegradable products
      2. Restraints
        1. Modification in environmental regulations and combination norms
      3. Opportunities
  4. Oleochemicals Market, By Product
    1. Introduction
    2. Oleochemicals Market Assessment and Forecast, By Product, 2012-2022
    3. Fatty alcohol
      1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
    4. Fatty acid
      1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
    5. Glycerol
      1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
    6. Other Products
      1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
  5. Oleochemicals Market, By Region
    1. Introduction
    2. Oleochemicals Market Assessment and Forecast, By Region, 2012-2022 ($Million)
    3. North America
      1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
      2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
      3. U.S.
        1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
      4. Canada
        1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
      5. Mexico
        1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
    4. Europe
      1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
      2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
      3. Germany
        1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
      4. France
        1. Market Assessment and Forecast, By Products, 2012-2022 ($Million)
      5. UK
        1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
      6. Italy
        1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
      7. Spain
        1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
      8. Rest of Europe
        1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
    5. Asia-Pacific
      1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
      2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
      3. Japan
        1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
      4. China
        1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
      5. Australia
        1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
      6. India
        1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
      7. South Korea
        1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
      8. Rest of Asia-Pacific
        1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
    6. Rest of the World
      1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
      2. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
      3. Brazil
        1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
      4. Turkey
        1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
      5. Saudi Arabia
        1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
      6. South Africa
        1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
      7. United Arab Emirates
        1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
      8. Others
        1. Market Assessment and Forecast, By Product, 2012-2022 ($Million)
  6. Company Profiles
    1. AkzoNobel
      1. Business Overview
      2. Product Portfolio
      3. Key Financials
      4. Strategic Developments
    2. BASF
      1. Business Overview
      2. Product Portfolio
      3. Key Financials
      4. Strategic Developments
    3. Wilmar International
      1. Business Overview
      2. Product Portfolio
      3. Key Financials
      4. Strategic Developments
    4. Cargill
      1. Business Overview
      2. Product Portfolio
      3. Key Financials
      4. Strategic Developments
    5. Evonik Industries
      1. Business Overview
      2. Product Portfolio
      3. Key Financials
      4. Strategic Developments
    6. Emery Oleochemicals
      1. Business Overview
      2. Product Portfolio
      3. Key Financials
      4. Strategic Developments
    7. Archer Daniels Midland
      1. Business Overview
      2. Product Portfolio
      3. Key Financials
      4. Strategic Developments
    8. Vantage Specialty Chemicals
      1. Business Overview
      2. Product Portfolio
      3. Key Financials
      4. Strategic Developments
    9. Kao Chemicals
      1. Business Overview
      2. Product Portfolio
      3. Key Financials
      4. Strategic Developments
    10. SABIC
      1. Business Overview
      2. Product Portfolio
      3. Key Financials
      4. Strategic Developments
    11. Godrej Industries
      1. Business Overview
      2. Product Portfolio
      3. Key Financials
      4. Strategic Developments
    12. Ecogreen Oleochemicals
      1. Business Overview
      2. Product Portfolio
      3. Key Financials
      4. Strategic Developments


List of Tables

List of Tables
Table 1.Oleochemicals Market, By Product ($Million), 2012-2022
Table 2.Fatty alcohol Market, By Region ($Million), 2012-2022
Table 3.Fatty acid Market, By Region ($Million), 2012-2022
Table 4.Glycerol Market, By Region ($Million), 2012-2022
Table 6.Other Products Market, By Region ($Million), 2012-2022
Table 8.Oleochemicals Market, By Region ($Million), 2012-2022
Table 9.North America Oleochemicals Market, By Country, 2012-2022 ($Million)
Table 10.North America Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 11.U.S. Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 12.Canada Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 13.Mexico Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 14.Europe Oleochemicals Market, By Country, 2012-2022 ($Million)
Table 15.Europe Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 16.Germany Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 17.France Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 18.UK Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 19.Italy Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 20.Spain Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 21.Rest of Europe Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 22.Asia-Pacific Oleochemicals Market, By Country, 2012-2022 ($Million)
Table 23.Asia-Pacific Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 24.Japan Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 25.China Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 26.Australia Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 27.India Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 28.South Korea Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 29.Rest of Asia-Pacific Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 30.Rest of the World Oleochemicals Market, By Country, 2012-2022 ($Million)
Table 31.Rest of the World Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 32.Brazil Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 33.Turkey Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 34.Saudi Arabia Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 35.South Africa Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 36.United Arab Emirates Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 37.Others Oleochemicals Market, By Product, 2012-2022 ($Million)
Table 38.AkzoNobel: Key Strategic Developments, 2015-2017
Table 39.BASF: Key Strategic Developments, 2015-2017
Table 40.Wilmar International: Key Strategic Developments, 2015-2017
Table 41.Cargill: Key Strategic Developments, 2015-2017
Table 42.Evonik Industries: Key Strategic Developments, 2015-2017
Table 43.Emery Oleochemicals: Key Strategic Developments, 2015-2017
Table 44.Archer Daniels Midland: Key Strategic Developments, 2015-2017
Table 45.Vantage Specialty Chemicals: Key Strategic Developments, 2015-2017
Table 44.Kao Chemicals: Key Strategic Developments, 2015-2017
Table 45.SABIC: Key Strategic Developments, 2015-2017
Table 44.Godrej Industries: Key Strategic Developments, 2015-2017
Table 45.Ecogreen Oleochemicals: Key Strategic Developments, 2015-2017


List of Figures

List of Figures
Figure 1.Oleochemicals Market, By Product, 2012 & 2022 ($Million)
Figure 2.Oleochemicals Market, By Region, 2016, ($Million)
Figure 3.AkzoNobel: Net Revenues, 2014-2016 ($Million)
Figure 4.AkzoNobel: Net Revenue Share, By Segment, 2016
Figure 5.AkzoNobel: Net Revenue Share, By Geography, 2016
Figure 6.BASF: Net Revenues, 2014-2016 ($Million)
Figure 7.BASF: Net Revenue Share, By Segment, 2016
Figure 8.BASF: Net Revenue Share, By Geography, 2016
Figure 9.Evonik Industries: Net Revenues, 2014-2016 ($Million)
Figure 10.Evonik Industries: Net Revenue Share, By Segment, 2016
Figure 11.Evonik Industries: Net Revenue Share, By Geography, 2016

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

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