Oleochemicals Market Size, Share & Trends Analysis Report By Product (Specialty Esters, Fatty Amines), By Application (Personal Care & Cosmetics, Consumer Goods, Healthcare & Pharmaceuticals), By Region, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the oleochemicals market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for oleochemicals market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of oleochemicals market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Oleochemicals Market Categorization:

The oleochemicals market was categorized into four segments, namely product (Specialty Esters, Fatty Acid Methyl Ester, Glycerol Esters, Alkoxylates, Fatty Amines), application (Personal Care & Cosmetics, Consumer Goods, Food Processing, Textiles, Paints & Inks, Industrial,Healthcare & Pharmaceuticals, Polymer & Plastic Additives), and region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa)

Segment Market Methodology:

The oleochemicals market was segmented into product, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The oleochemicals market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-seven countries, namely, the U.S.; Canada; Mexico; Germany; the UK; France; Italy; Spain; The Netherlands; Russia; Switzerland; Poland; Sweden; China; India; Japan; South Korea; Malaysia; Singapore; Indonesia; Taiwan; Australia; Brazil; Argentina; Saudi Arabia; South Africa; U.A.E.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Oleochemicals market companies & financials:

The oleochemicals market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Vantage Specialty Chemicals, Inc. - Vantage Specialty Chemicals, Inc. is a company specializing in the production and distribution of specialty derivatives, fatty acids, and naturally derived specialty chemicals and intermediates. It operates through four business units: Vantage Personal Care, Vantage Food, Vantage Performance Materials, and Vantage Oleochemicals. The company’s product range includes emulsifiers, surfactants, performance additives, and oleochemical derivatives. These products are used in a variety of applications, including specialty silicones, wax emulsions, lubricant waxes, polymers & colorants, pharmaceuticals, personal care, paper chemicals, fabric care, rubber processing, metal stearates, cosmetics, tobacco humectants, and toiletries. Vantage Specialty Chemicals has a global presence with 30 sales locations, distribution centers, and laboratories. Its oleochemicals and specialty derivative manufacturing facilities are located in Chicago and Gurnee. As of 2020, Vantage Specialty Chemicals operates as a subsidiary of H.I.G. Capital.

• Emery Oleochemicals - Emery Oleochemicals is a leading producer and distributor of chemicals derived from natural fats and oils. The company’s diverse product portfolio is distributed through several business units, including agro green, bio-lubricants, eco-friendly polyols, green polymer additives, home, personal wellness, and oleobasics, with the latter focusing on the production of Oleochemicals. Emery Oleochemicals serves a wide range of industries such as construction, home & personal care, food & beverage, lubricants, automotive, textiles, pharmaceutical, electronics & electrical, packaging, and agriculture. The company’s strong distribution network extends to 50 countries worldwide, including Japan, Hong Kong, South Korea, the UK, and Brazil. Furthermore, Emery Oleochemicals operates four production and sales & marketing facilities located in Ohio (U.S.), Dusseldorf & Loxstedt (Germany), and Selangor (Malaysia), ensuring a global reach and efficient delivery of its products.

• Evonik Industries AG - Evonik Industries AG is a global manufacturer and distributor of specialty chemicals. The company operates through several units, including consumer health & nutrition, resource efficiency, and specialty materials. Its business is segmented into services, performance materials, nutrition & care, and resource efficiency. The nutrition & care unit offers Oleochemicals, along with products for everyday consumer goods, animal nutrition, and health care. Evonik’s diverse product range includes ceramides, organically modified silicones, amino acids, absorbents, pharmaceutical polymers, organosilanes, fumed silicas, chlorosilanes, matting agents, polyester resins, and polymers. With manufacturing facilities in over 30 countries, Evonik has a global presence and distributes its products in over 100 countries, demonstrating its extensive reach in the specialty chemicals market.

• Wilmar International Ltd. - Wilmar is a worldwide agribusiness firm with diverse operations in areas like plantation, tropical oils, oilseed & grains, sugar, fertilizers, shipping, and research & development. The company’s products are offered through various segments such as home care, human nutrition, personal care, animal nutrition, industrial chemistry, and biofuels. The industrial chemistry segment markets oleochemicals, including fatty acids, fatty alcohols, methyl esters, glycerin, and derivatives like soap noodles, alkyl ketene dimer, epichlorohydrin, etc. Wilmar sources the raw materials for these products from its own plantations and external sources. It operates tropical oils plants in Malaysia and Indonesia in a vertically integrated manner, producing biodiesel, oleochemicals, specialty fats, RBD palm kernel oil, RBD palm stearin, RBD palm olein, and RBD palm oil. The company also owns processing plants in international markets such as Ghana, South Africa, the US, Sri Lanka, the Philippines, Vietnam, and China. Its global footprint spans over 500 manufacturing plants across various geographies, maintained with the help of its extensive distribution network operating in Indonesia, India, China, and 50 other countries.

• Kao Chemicals Global - Kao Chemicals Global initially began as a manufacturer of domestic toiletry soaps. However, in the 1970s, it broadened its operations to include the production of oleochemical products. The company’s business is divided into several segments, including human healthcare, fabric & home care, beauty care, and chemical business. The company’s oleochemicals product line comprises fatty amines, esters, and anionic & nonionic surfactants. Kao Chemicals caters to a wide range of sectors, including plastic, rubber, color, cosmetics, detergent, household cleaners, construction, pulp & paper, lubricants, aroma chemical, agrochemical, and pharmaceutical. This diverse range of sectors served demonstrates the company’s versatility and wide-reaching impact in the chemical industry.

• Ecogreen Oleochemicals - Ecogreen Oleochemicals, headquartered in Singapore, is a leading player in the oleochemical industry. The company’s diverse product line includes fatty acids, fatty alcohols, glycerin, unsaturated fatty alcohols, and a range of specialty esters such as medium-chain triglycerides, primary fatty amines, and alcohol ethoxylates. These specialty chemicals are marketed under the brand names Rofamin, Ifrapon, and Rofetan. The company’s primary focus is on the production of natural fatty alcohols. It operates manufacturing facilities in Indonesia and Germany, where it produces a variety of saturated fatty alcohols, ranging from C8 to C18. These products are widely used in the manufacture of detergents, personal care items, toiletries, cosmetics, and textile auxiliaries. Ecogreen Oleochemicals caters to the oleochemical markets across Asia Pacific, Europe, and North America, demonstrating its global reach and influence in the industry.

• Corbion N.V - Corbion N.V., a biotechnology firm based in the Netherlands, is renowned for its production of a variety of high-value products such as oils, emulsifiers, vitamins, algae ingredients, minerals, and functional enzyme blends. The company has a strong presence in the oleochemical industry, with production facilities strategically located in the U.S. and Brazil. The company’s oleochemical offerings cater to a wide range of industries, including detergents, soaps, surfactants, cosmetics, lubricants, and more. Its product portfolio is diverse and includes glycerol ester, lactate and stearoyl lactylate, and monoglycerides derived from palm and soybean oil. This broad range of products underscores Corbion N.V.'s commitment to innovation and quality in the oleochemical industry.

• Cargill, Incorporated - Cargill, Incorporated is a diversified company with offerings in numerous sectors such as animal nutrition, food & beverage, bio-industrial, food services, agriculture, risk management, meat & poultry, industrial, beauty, pharmaceutical, and transportation. The company’s product line includes oleochemicals derived from a variety of vegetable oils like canola, sunflower, and soybean, which are marketed under the specialty vegetable oils product category. These oleochemicals serve a broad spectrum of industries, including pharmaceutical, personal care, transportation & logistics, food & beverage ingredients, energy, and financial & risk management. Cargill has a global footprint, with a presence in Africa, Europe, the Middle East, North America, Latin America, and Asia Pacific. It operates offices across China, Thailand, Asia, Japan, Korea, Belgium, Austria, Portugal, Romania, Peru, Canada, Mexico, and the U.S., through which it manufactures and markets its products.

• Oleon NV - Oleon NV, a subsidiary of Diester Industrie S.A.S. based in Belgium, is a specialist in the production of a diverse range of oleochemical products. These products, derived from plant oils, animal fats, and other renewable resources, include esters, fatty acids, glycerin, dimers, and technical oils. They serve various industries such as personal care & cosmetics, food processing, healthcare & pharmaceutical, and polymer & plastic additives. The company manufactures its oleochemical products in plants located in China, Malaysia, the Netherlands, India, and Indonesia. These products are marketed under the brands Radia and Radiasurf. Oleon NV also operates oleochemical manufacturing facilities in Belgium, Germany, France, and Malaysia. Furthermore, the company’s products are distributed and sold in over 100 countries, demonstrating its global reach.

• Godrej Industries - Godrej Industries, a subsidiary of the Godrej Group, manufactures oleochemicals, edible oils, and bakery fats. They produce more than 160,000 metric tons of chemical products annually, with a product portfolio comprising various chemicals such as tridecyl palmitate. The company has a manufacturing plant with an annual production capacity of over 105,000 metric tons in Valia, India. Their chemical division has a manufacturing plant dedicated to oleochemicals in Maharashtra, India, which has a production capacity of over 60,000 metric tons per annum. The plant is focused on manufacturing fatty acids (including specialty grades), surfactants, and refined glycerin. These products are exported to over 40 countries in North America, South America, Asia Pacific, Europe, and Africa.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Oleochemicals Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Oleochemicals Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.