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Oleochemicals Market Size, Share & Trend Analysis Report by Product (Fatty Acid, Fatty Alcohol, Glycerol), By Region and Segment Forecasts, 2019 - 2025

Published: May, 2019 | Pages: 280 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The global oleochemicals market is projected to reach USD 28.6 billion by 2025, according to a new report by Grand View Research, Inc. The global oleochemicals market is anticipated to be driven by growing biochemical product demand in various consumer applications such as personal care, detergents, and food & beverages.

Escalating supply-demand gap along with overcapacity issues especially in the Southeast Asian countries such as Indonesia and Malaysia are expected to hinder oleochemicals market growth over the forecast period. Technological innovations and significant developments in the downstream sectors are expected to create lucrative opportunities for industry participants.

Fatty acids were the leading oleochemical product consumed and accounted for over 55% of total market volume in 2016. Increasing penetration of fatty acids in personal care products is expected to drive this segment over the forecast period. Glycerol is expected to witness the highest growth of 5.7% over the forecast period owing to its increasing preference in personal care and food & beverage applications.

Asia Pacific was the leading consumer of oleochemicals with demand share exceeding 41% in 2018. The region is also expected to witness the fastest growth over the next eight years owing to abundant raw material supply and significant developments in the application markets such as personal care, food & beverage, and bio-chemical manufacture.

Further key findings from the report suggest:

• The global oleochemicals market is anticipated to grow at a CAGR of 5.8% from 2019 to 2025

• Asia Pacific emerged as the largest regional segment covering around 41% revenue share in 2018

• The soaps & detergents application segment of fatty acid in Mexico and is anticipated to reach 31% of volume share by 2025

• The food & beverages segment of glycerol in Spain is anticipated to grow at a CAGR of 5.5%

• Middle East and Africa produced approximately 305.8 kilo tons of fatty acids and happens to be the largest product segment in the regional market

• Personal care & pharmaceuticals dominated the global glycerol demand and is projected to grow at a CAGR of 5.9% from 2019 to 2025

• Major companies currently operating in the industry include TerraVia, KLK Oleo, Evyap, Kao Chemicals, Godrej Industries, IOI Corporation and Wilmar, etc.
 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Research methodology
                   1.2 Research scope and assumptions
                   1.3 List of data sources

Chapter 2 Executive Summary
                   2.1 Market Summary

Chapter 3 Market Variables, Trends & Scope
                   3.1 Market segmentation
                   3.2 Penetration & growth prospect mapping, 2014 - 2025
                   3.3 Oleochemicals - Value chain analysis
                       3.3.1 Supplier outlook
                       3.3.2 Top producers
                   3.4 Raw material trends
                       3.4.1 Comparative analysis on palm oil and coconut oil
                           3.4.1.1 Southeast Asia analysis on palm oil and coconut oil
                       3.4.2 Philippines raw materials outlook
                   3.5 Technological landscape
                       3.5.1 Genetically modified organisms (GMO)
                       3.5.2 Traditional fatty alcohol process flow
                       3.5.3 Global fatty alcohols processing technologies by companies
                           3.5.3.1 Wax ester route/Lurgi process of fatty alcohol
                           3.5.3.2 Davy process
                   3.6 Regulatory scenario
                       3.6.1 Asia Pacific regulatory framework
                   3.7 Oleochemical production capacity by region, by product
                   3.8 Oleochemical trade statistics, by key countries
                   3.9 Oleochemicals production capacity, by key companies
                       3.9.1 IOI Group
                       3.9.2 KLK Oleo
                       3.9.3 Wilmar International
                       3.9.4 Ecogreen Oleochemicals
                       3.9.5 Emery Oleochemicals
                       3.9.6 Evyap
                       3.9.7 Godrej Industries
                       3.9.8 Kao Corporation
                       3.9.9 Oleon
                   3.10 Indication of feedstock used by each company
                       3.10.1 IOI Group Berhad
                       3.10.2 BASF SE
                       3.10.3 Kuala Lumpur Kepong Berhad
                       3.10.4 Wilmar International
                       3.10.5 Emery Oleochemicals
                       3.10.6 ADM
                       3.10.7 Kao Corporation
                       3.10.8 Evonik Industries
                       3.10.9 AkzoNobel N.V.
                       3.10.10 Evyap
                       3.10.11 Cargill
                       3.10.12 Ecogreen Oleochemicals
                       3.10.13 Vantage Specialty Chemicals
                       3.10.14 Chemrez Technologies, Inc
                       3.10.15 SABIC
                       3.10.16 Godrej Industries
                       3.10.17 JNJ Oleochemicals Inc.
                       3.10.18 Sakamoto Orient Chemicals Corporation(SOCC)
                       3.10.19 Stepan Company
                       3.10.20 Pan Century Surfactants Inc
                       3.10.21 Pepmaco Manufacturing Corp.
                       3.10.22 Philippine International Dev.
                       3.10.23 Oleon
                   3.11 Crop Yield Data
                   3.12 Comparison of single plant and integrated complex comparison
                   3.13 Average vegetable oil yield for major oil crop producers
                   3.14 Palm oil cost of production, by country
                   3.15 Findings from various case studies
                       3.15.1 KLK sales per segment
                       3.15.2 Estimated investment cost for world scale plants for producing basic oleochemicals
                       3.15.3 Estimation of Malaysian average vegetable oil milling cost
                   3.16 Oleochemicals market dynamics
                       3.16.1 Market driver analysis
                           3.16.1.1 Growing demand for sustainable and biodegradable products
                           3.16.1.2 Unstable petrochemical prices
                           3.16.1.3 Growth of major end-use industries
                       3.16.2 Market restraint analysis
                           3.16.2.1 Change in environmental regulations and blending norms
                           3.16.2.2 Inconsistent supply of key feedstock
                           3.16.2.3 Low profit margins for bio-refiners
                   3.17 Key opportunities prioritized
                       3.17.1 Opportunity assessment
                   3.18 Industry analysis - Porter's
                   3.19 Oleochemicals - PESTEL analysis

Chapter 4 Oleochemicals Market: Product Estimates & Trend Analysis
                   4.1 Product market introduction, 2018 & 2025
                   4.2 Fatty Acid
                       4.2.1 Fatty Acid Applications
                           4.2.1.1 Soap & Detergents
                           4.2.1.2 Intermediates
                           4.2.1.3 Plastics
                           4.2.1.4 Rubber
                           4.2.1.5 Paper
                           4.2.1.6 Lubricant & Greases
                           4.2.1.7 Personal Care
                   4.3 Fatty Alcohols
                       4.3.1 Glycerol Applications
                           4.2.1.1 Soaps & Detergents
                           4.2.1.2 Personal Care
                           4.2.1.3 Lubricants
                           4.2.1.4 Amines
                           4.2.1.5 Others
                   4.4 Glycerol
                       4.4.1 Glycerol Applications
                           4.4.1.1 Personal care & pharmaceuticals
                           4.4.1.2 Alkyd Resins
                           4.4.1.3 Polyether polyols
                           4.4.1.4 Food & beverages
                           4.4.1.5 Tobacco humectants
                   4.5 Others

Chapter 5 Oleochemical Market: Regional Estimates & Trend Analysis
                   5.1 Regional market introduction, 2018 & 2025
                   5.2 North America
                       5.2.1 U.S.
                       5.2.2 Canada
                       5.2.3 Mexico
                   5.3 Europe
                       5.3.1 Germany
                       5.3.2 UK
                       5.3.3 France
                       5.3.4 Italy
                       5.3.5 Netherlands
                       5.3.6 Spain
                       5.3.7 Belgium
                   5.4 Asia Pacific
                       5.4.1 Indonesia
                       5.4.2 Malaysia
                       5.4.3 China
                       5.4.4 India
                       5.4.5 Japan
                       5.4.6 Philippines
                   5.5 Middle East & Africa (MEA)
                   5.6 Central & South America (CSA)
                       5.6.1 Brazil

Chapter 6 Competitive Landscape
                   6.1 Company market share analysis
                   6.2 Distribution landscape
                   6.3 Competitive environment
                   6.4 Strategy framework

Chapter 7 Company Profiles
                   7.1 BASF
                       7.1.1 Company overview
                       7.1.2 Financial performance
                       7.1.3 Product benchmarking
                       7.1.4 Strategic initiatives
                   7.2 Kuala Lumpur Kepong Berhad
                       7.2.1 Company overview
                       7.2.2 Financial performance
                       7.2.3 Product benchmarking
                       7.2.4 Strategic initiatives
                   7.3 Cargill, Incorporated
                       7.3.1 Company overview
                       7.3.2 Financial performance
                       7.3.3 Product benchmarking
                       7.3.4 Strategic initiative
                   7.4 Wilmar International
                       7.4.1 Company overview
                       7.4.2 Financial performance
                       7.4.3 Product benchmarking
                       7.4.4 Strategic initiatives
                   7.5 Emery Oleochemicals
                       7.5.1 Company overview
                       7.5.2 Product benchmarking
                       7.5.3 Strategic initiatives
                   7.6 Archer Daniels Midland Company
                       7.6.1 Company overview
                       7.6.2 Financial performance
                       7.6.3 Product benchmarking
                       7.6.4 Strategic initiative
                   7.7 Kao Corporation
                       7.7.1 Company overview
                       7.7.2 Financial performance
                       7.7.3 Product benchmarking
                       7.7.4 Strategic initiative
                   7.8 Evonik Industries
                       7.8.1 Company overview
                       7.8.2 Financial performance
                       7.8.3 Product benchmarking
                       7.8.4 Strategic initiative
                   7.9 Akzonobel N.V.
                       7.9.1 Company overview
                       7.9.2 Financial performance
                       7.9.3 Product benchmarking
                       7.9.4 Strategic initiative
                   7.10 IOI Corporation Berhad
                       7.10.1 Company overview
                       7.10.2 Financial performance
                       7.10.3 Product benchmarking
                       7.10.4 Strategic initiative
                   7.11 SABIC
                       7.11.1 Company overview
                       7.11.2 Product benchmarking
                       7.11.3 Strategic initiative
                   7.12 Godrej Industries
                       7.12.1 Company overview
                       7.12.2 Product benchmarking
                   7.13 Evyap Sabun Ya? Gliserin San. ve Tic. A.?. Tüm Haklar? Sakl?d?r (Evyap)
                       7.13.1 Company overview
                       7.13.2 Product benchmarking
                   7.14 Ecogreen Oleochemicals
                       7.14.1 Company overview
                       7.14.2 Product benchmarking
                   7.15 Vantage Specialty Chemicals, Inc.
                       7.15.1 Company overview
                       7.15.2 Product benchmarking
                   7.16 Oleon
                       7.16.1 Company overview
                       7.16.2 Product benchmarking
                   7.17 Chemrez Technologies, Inc.
                       7.17.1 Company overview
                       7.17.2 Financial performance
                       7.17.3 Product benchmarking
                   7.18 JNJ Oleochemicals Inc.
                       7.18.1 Company overview
                       7.18.2 Product benchmarking
                   7.19 Sakamoto Orient Chemicals Corporation(SOCC)
                       7.19.1 Company overview
                       7.19.2 Product benchmarking
                   7.20 Stepan Philippines Inc.
                       7.20.1 Company overview
                       7.20.2 Financial performance
                       7.20.3 Product benchmarking
                   7.21 Pan Century Surfactants Inc.
                       7.21.1 Company overview
                       7.21.2 Product benchmarking
                   7.22 Pepmaco Manufacturing Corp.
                       7.22.1 Company overview
                       7.22.2 Product benchmarking
                   7.23 Philippine International Dev., Inc. (Phidco, Inc.)
                       7.23.1 Company overview
                       7.23.2 Product benchmarking
List of Tables

TABLE 1 Global regulations on oleochemical
TABLE 2 North America regulations
TABLE 3 Europe regulations
TABLE 4 Asia Pacific regulations
TABLE 5 Middle East & Africa regulations
TABLE 6 North America oleochemicals production capacity, by product (Kilotons)
TABLE 7 Europe oleochemicals production capacity, by product (Kilotons)
TABLE 8 Asia Pacific oleochemicals production capacity, by product (Kilotons)
TABLE 9 Industrial Fatty Acids, Oils and Alcohols import and export data (USD Million)
TABLE 10 Industrial monocarboxylic fatty acids, acid oils import and export data (USD Million)
TABLE 11 Glycerol import and export data (USD Million)
TABLE 12 Tall oil fatty acids import and export data (USD Million)
TABLE 13 Industrial fatty alcohols import and export data (USD Thousand)
TABLE 14 Fatty acid composition of palm oil, palm kernel oil, and coconut oil
TABLE 15 Oleochemicals - Key market driver analysis
TABLE 16 Oleochemicals - Key market restraint analysis 


List of Figures

FIG. 1 Oleochemical market snapshot
FIG. 2 Key buying criteria
FIG. 3 Oleochemicals market segmentation
FIG. 4 Oleochemicals market volume & revenue, 2014 - 2025 (Kilotons) (USD Million)
FIG. 5 Oleochemicals - Value chain analysis
FIG. 6 World consumption for major fats and oils, 2018
FIG. 7 Top 5 palm kernel oil producing countries, 2018 (Million Tons)
FIG. 8 Coconut Oil V/S Palm Oil Production Value (1000MT)
FIG. 9 Oleochemical production process flow
FIG. 10 Fatty alcohol production process flow
FIG. 11 Oleochemicals market dynamics
FIG. 12 Bio-diesel market volume, 2012 - 2018 (Kilotons)
FIG. 13 Global propylene demand, 2018
FIG. 14 Global personal care market revenue, 2012 - 2018 (USD Billion)
FIG. 15 Global pharmaceutical market revenue, 2012 - 2018 (USD Billion)
FIG. 16 Global vegetable oil consumption, 2018
FIG. 17 Global vegetable oil production, 2012 - 2018 (million tons)
FIG. 18 Relative profit margins across the oleochemicals value chain
FIG. 19 Key opportunities prioritized
FIG. 20 Opportunity assessment for fatty acid
FIG. 21 Opportunity assessment for fatty alcohol
FIG. 22 Opportunity assessment for glycerol
FIG. 23 Oleochemicals - Porter's analysis
FIG. 24 Oleochemicals - PESTEL analysis
FIG. 25 Oleochemicals market volume by product, 2018 & 2025
FIG. 26 Oleochemicals market volume by region, 2018 & 2025
FIG. 27 North America Oleochemicals - Industry Snapshot
FIG. 28 Europe Oleochemicals - Market Snapshot
FIG. 29 Asia Pacific Oleochemicals - Market Snapshot
FIG. 30 MEA Oleochemicals - Market Snapshot
FIG. 31 CSA Oleochemicals - Market Snapshot
FIG. 32 Global oleochemicals company market share, 2018
FIG. 33 Competitive environment
FIG. 34 Strategy Framework

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