New York City, 12 February 2019: The Report Specialty Oleochemicals Market are
special plant-based industrial chemicals and are highly priced with high profit
margins. These oleochemicals exhibit interesting characteristic to be used
across wide range of applications. Some of the properties include surface
activity, emulsifying properties along with the beneficial biological
properties. Specialty oleochemicals hold very crucial advantage of being
‘green’ relative to their petrochemical counterpart.
The specialty oleochemicals market is
primarily driven by the sustainability factor due to its plant-based raw
materials and wide array of applications globally. These chemical compounds are
widely used in food, pharmaceuticals, personal care, and other consumer
products. Specialty oleochemicals are also used in drilling fluids, paints,
inks, agrochemicals, textile materials, and in deicing chemical agents.
Rising economic growth of several
developing countries in the world, with complex lifestyles and increase in
personal disposable incomes has boosted the growth of consumer goods and
commodities making use of specialty chemicals. Consumer awareness concerning
the environmentally sustainable products has also led to increased demand of
end-use products made from specialty oleochemicals.
The supportive regulatory framework has
essentially contributed to the growth of the global specialty oleochemicals
market. These oleochemicals hold significant potential for replacing
petrochemical based products in few end-use applications such as paints, inks,
textiles, and plastic & polymer additives. Thus, these specialty compounds
represent a positive picture in terms of the growth during the forecast period.
Asia Pacific is the dominant regional
player for the specialty oleochemicals. The export trade of palm oil, a major
raw material for specialty oleochemicals, is dominated by the Southeast Asian
countries, mainly Indonesia and Malaysia. These countries have been major
exporters of palm oil for almost a decade. However, palm cultivation in these
countries have taken place extremely fast, thus a stagnating export is
anticipated on account of environmental impacts.
Competitive Landscape and Key Vendors:
North America has also witnessed
significantly higher growth in the specialty oleochemicals market. The region
has witnessed high demand for personal care and pharmaceutical products that
are obtained from natural derivatives. Some minor applications such as drilling
fluids and inks markets have also grown substantially in terms of demand.
The specialty oleochemicals market is
moderately competitive and highly consolidated. It constitutes of large number
of domestic and international market players. Integration by key market players
from the procurement stage to the distribution stage of the value chain is also
a major phenomenon in this market. Some of key oleochemical market players
include Emery Oleochemicals, KLK Oleo, IOI Group, Oleon, Evonik Industries, Kao
Corporation, Vantage Specialty Chemicals, and Wilmar International.
No comments:
Post a Comment