Oleochemicals Market is anticipated to hit $35.7 billion by 2023 at a CAGR of 4.9%.
Asia-Pacific region accounts for both the largest market share and growth in the Global Oleochemicals Market, and is anticipated to reach $16.16 billion by 2023 at a CAGR of 6.6%. The APAC Market is mainly driven by a wide range of applications. The key end users include animal feed, food, electronics, metalworking & foundries, and personal care, printing, waxes and candles, healthcare, mining, paints and coatings, plastic, rubber production, and industrial lubricants among others.
Selected Analysis Done in the Full Report: Value chain analysis is a useful tool to analyze the activities that include design, production, marketing and distribution of a particular product.
Raw Material Manufacturers: Value chain of oleochemicals initially starts from procuring raw material from various suppliers to produce base grade oleochemicals. These raw materials include vegetable oils and animal fats. Their processing charges add value to the end product.
Excerpts on Market Growth Factors Mentioned in the Full Report:
Paints and coatings find their application in a number of industries, due to which even the oleochemicals demand will grow up in the near future. Across the world there have been growing developments in the plantations side and eventually, there will be a shift from petrochemicals to oleochemicals.
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