Market Analysis And Research Reports: Oleochemicals Market Leading Key Vendors, Top Man... - 0 views
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emmaj3206 on 17 May 19"The global oleochemicals market is projected to reach USD 28.6 billion by 2025. 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."
