The Asia-Pacific oleochemicals market is witnessing significant growth, driven by increasing demand from end-user industries

WILMINGTON, DE, UNITED STATES, January 15, 2025 /EINPresswire.com/ -- The Asia-Pacific oleochemicals market is witnessing significant growth, driven by increasing demand from end-user industries and a rising preference for sustainable and biodegradable products. In 2020, the market was valued at $14.8 billion and is projected to reach $26.5 billion by 2028, registering a CAGR of 6.5% from 2021 to 2028, according to a report by Allied Market Research.

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Key Market Dynamics

Growth Drivers:

- Rising adoption in end-user industries such as personal care, cosmetics, and detergents.
- Increasing demand for eco-friendly and biodegradable products.

Restraints:

- Volatility in raw material prices poses a challenge to market growth.

Opportunities:

- Growing awareness about harmful chemicals in personal care products is expected to create lucrative opportunities.

Market Segmentation

By Type:

- Fatty Acids: Dominated the market in 2020, holding nearly half the market share.
- Fatty Alcohols: Expected to grow at the fastest CAGR of 7.4% during the forecast period.

By Application:

- Soap & Detergents: Largest segment in 2020, contributing over 20% of the market.
- Personal Care & Cosmetics: Anticipated to exhibit the highest CAGR of 7.5% from 2021 to 2028.

By Country:

- China: Accounted for more than 40% of the market share in 2020, emerging as the dominant region.
- Vietnam: Predicted to witness the highest growth, with a CAGR of 8.9% during the forecast period.

Leading Market Players

Key players driving the Asia-Pacific oleochemicals market include:

- Hancole
- Ecogreen Oleochemical
- Kao Corporation KLK Oleo
- IOI Corporation Berhad
- P&G Chemicals
- Sinarmas Cepsa Pte. Ltd.
- Musim Mas
- Unilever Oleochemicals Indonesia
- Timur Oleochemicals
- Wilmar International Ltd.
- Emery Oleochemicals
- Croda International Plc
- Oleon NV
- Global Green Chemicals

These companies are actively investing in innovation and sustainability to capitalize on emerging opportunities in the oleochemicals market.

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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
+1 800-792-5285
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