U.S. Oleochemicals Market Size & Outlook, 2024-2030
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U.S. oleochemicals market highlights
- The U.S. oleochemicals market generated a revenue of USD 3,441.4 million in 2023 and is expected to reach USD 5,695.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, glycerol esters was the largest revenue generating product in 2023.
- Fatty Acid Methyl Ester is the most lucrative product segment registering the fastest growth during the forecast period.
Oleochemicals market data book summary
| Market revenue in 2023 | USD 3,441.4 million |
| Market revenue in 2030 | USD 5,695.7 million |
| Growth rate | 7.4% (CAGR from 2024 to 2030) |
| Largest segment | Glycerol esters |
| Fastest growing segment | Fatty Acid Methyl Ester |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Specialty Esters, Fatty Acid Methyl Ester, Glycerol Esters, Alkoxylates, Fatty Amines |
| Key market players worldwide | Evonik Industries AG, Wilmar International Ltd, Kao Corp, Corbion NV, Cargill, Godrej, IOI Corp Bhd, Vantage Specialty Chemicals, Emery Oleochemicals, Oleon, Evyap, Sakamoto Yakuhin Kogyo, The Stephan Co |
Other key industry trends
- In terms of revenue, U.S. accounted for 14.1% of the global oleochemicals market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. oleochemicals market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 5,695.7 million by 2030.
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Oleochemicals Market Scope
Oleochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| The Stephan Co | View profile | 29 | 7901 4th Street North, Suite 300, St. Petersburg, FL, United States, 33702 | https://www.thestephanco.com |
| Sakamoto Yakuhin Kogyo | View profile | 251-500 | Osaka, Osaka, Japan, Asia | http://www.sy-kogyo.co.jp |
| Evyap | View profile | 5001-10000 | Istanbul, Istanbul, Turkey, Europe | http://www.evyap.com.tr/en |
| Oleon | View profile | 501-1000 | Ertvelde, Oost-Vlaanderen, Belgium, Europe | https://www.oleon.com/ |
| Emery Oleochemicals | View profile | 1001-5000 | Telok Panglima Garang, Selangor, Malaysia, Asia | http://www.emeryoleo.com |
| Vantage Specialty Chemicals | View profile | 501-1000 | Deerfield, Illinois, United States, North America | https://www.vantagegrp.com |
| IOI Corp Bhd | View profile | 28010 | Level 29,IOI City Tower 2, Lebuh IRC, IOI Resort City, Wilayah Persekutuan, Putrajaya, SGR, Malaysia, 62502 | https://www.ioigroup.com |
| Godrej | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | https://www.godrej.com |
| Kao Corp | View profile | 42450 | 14-10, Nihonbashi Kayabacho 1-chome, Chuo-ku, Tokyo, Japan, 103-8210 | http://www.kao.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Corbion NV | View profile | 2727 | Piet Heinkade 127, Amsterdam, NH, Netherlands, 1019 GM | https://www.corbion.com |
| Wilmar International Ltd | View profile | 100000 | 28 Biopolis Road, Wilmar International, Singapore, Singapore, 138568 | https://www.wilmar-international.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
U.S. oleochemicals market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to oleochemicals market will help companies and investors design strategic landscapes.
Glycerol esters was the largest segment with a revenue share of 39.49% in 2023. Horizon Databook has segmented the U.S. oleochemicals market based on specialty esters, fatty acid methyl ester, glycerol esters, alkoxylates, fatty amines covering the revenue growth of each sub-segment from 2018 to 2030.
In U.S., the oleochemicals market is growing at a lucrative rate owing to growing demand from several end use industries such as personal care & cosmetics, food processing, textiles etc. Also, the growing concern pertaining to aesthetics among women population has pushed them to opt for new and innovative cosmetic products.
Oleo chemicals such as alkoxylates, fatty amines and glycerol esters among others are extensively used in formulating cosmetic & personal care products. Such a factor is likely to drive the product demand in the country.
Furthermore, the Food and Drug Administration (FDA) has imposed a ban on the use of artificial transfat in manufacturing of several food formulations. This has boosted the consumption of organic and natural palm-based products.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. oleochemicals market , including forecasts for subscribers. This country databook contains high-level insights into U.S. oleochemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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US Product - Oleochemicals Market size, 2023 - 2030 (US$M)
U.S. Oleochemicals Market Outlook Share, 2023 & 2030 (US$M)
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