MarkNtel Advisors recently published a detailed industry analysis of the South East Asia Oleochemicals Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
South East Asia Oleochemicals Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2027
The South East Asia Oleochemicals Market is anticipated to grow at a CAGR of around 3.38% in terms of volume during the forecast period, i.e., 2022-27, says MarkNtel Advisors. Owing to the wide application of oleochemicals the Southeast Asia Oleochemicals market has witnessed robust growth during the historical period. Furthermore, the soaring investments & increasing establishment of production units of cosmetic products, chemicals (lubricants, coatings, etc.), pharmaceutical industries, etc.
What are the major Driver the South East Asia Oleochemicals industry?
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Surging Demand for Bio-based Chemicals to Replace Petrochemicals- The inclination towards green, eco-friendly products has surged the demand for oleochemicals in various industries for the manufacturing of routinely used products. The key industries following the trend are homecare, healthcare, chemicals, etc. Moreover, bio-based ingredients are non-toxic, and thus non-harmful for the human skin, which has given the rise in demand for the oleochemicals in soaps, detergents, floor cleaners, etc. Further, Thailand & Indonesia have been the fastest-growing region for the application of bio-based chemicals for bio-based soaps & detergents.
What segments define the South East Asia Oleochemicals Market from 2022 to 2027? How do these segments contribute to market dynamics and growth?
By Type
- Fatty Acids
- Fatty Acid Methyl Esters (Biodiesel)
- Fatty Alcohol
- Isostearic & Stearic Acids
- Others (Fatty Amines, Glycerol)
According to report, Of them all, Fatty Acids captured a consequential share in the market, owing to the heavy production of palm oil in the region since 2017.
By End Users
- Chemicals (Surfactants, Lubricants, Coatings, Resins, etc.)
- Food & Beverage (Human & Animal Nutrition)
- Personal Care & Cosmetics
- Home Care (Soaps, Detergents, etc.)
- Rubber & Plastics
- Textiles
- Pharmaceuticals
- Others (EOR, etc.)
According to report, Among these, Food & Beverage acquired a notable share in the Southeast Asia Oleochemicals market during the historical period, owing to the continual growth in the food & beverage industry.
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Geographical Analysis: South East Asia Oleochemicals Market
By Country
- Malaysia
- Singapore
- Thailand
- Vietnam
- Indonesia
- Rest of SEA
South East Asia Oleochemicals Market Share & Competitive Landscape:
The South East Asia Oleochemicals Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the South East Asia Oleochemicals Market are:
- Croda International PLC
- Philippine International Development, Inc.
- Cargill
- Kao Chemicals
- KLK OLEO
- Evonik
- Emery Oleochemicals Asia Sdn. Bhd.
- Wilmar International
- Corbion NV
- Others
South East Asia Oleochemicals Market Industry Recent Development:
- In 2021, IFF (Nutrition & Biosciences company) announced the expansion of its flavor manufacturing unit in Karawang, Indonesia, with a total investment of approximately USD87 million.
- Cargill announced to invest around USD200 million in Indonesia to build a palm oil refinery with the purpose of increasing the availability of edible oil ingredients.
Questions Addressed in this Study
1.What factors are driving the South East Asia Oleochemicals Market growth?
2.How is the South East Asia Oleochemicals Market expected to grow over the next five years?
3.What are the key insights into the current trends in the South East Asia Oleochemicals Market?
4.What is the current size of the South East Asia Oleochemicals Market, and how is it projected to change in the future?
6.What is the future outlook for the South East Asia Oleochemicals Market in terms of technological advancements and market expansion?
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