A recent report published by Infinium Global Research on oleochemicals market provides in depth analysis of segments and sub-segments in global as well as regional oleochemicals market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional oleochemicals market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global oleochemicals market. According to report the global oleochemicals market is projected to grow at a CAGR of 6.95% over the forecast period of 2017-2023.
Oleochemicals are chemicals derived from plant and animal fats. They are analogous to petrochemicals derived from petroleum. The formation of basic oleochemical substances like fatty acids, fatty acid methyl esters (FAME), fatty alcohols, fatty amines and glycerols are by various chemical and enzymatic reactions.
Southeast Asian countries' rapid production growth of palm oil and palm kernel oil in the 1980s spurred the oleochemical industry in Malaysia, Indonesia, and Thailand. Many oleochemical plants were built. Though a nascent and small industry when pitted against big detergent giants in the US and Europe, oleochemical companies in southeast Asia had competitive edge in cheap ingredients.
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"Global Oleochemicals Market Covers Segments Such as, Type and Application"
Company Covered in this Report
- KLK Oleo
- Wilmar International
- Procter and Gamble
- Evonik Industries
- Croda International