Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Latin America Oleochemicals Market Trends

Oleochemicals are chemical compounds derived from animal fat, vegetable fat, or oil. These can substitute the use of petrochemicals in petroleum-based products. The production of oleochemicals is carried out through processes like hydrolysis, alcoholysis, and hydrogenation, among other processes. These chemical compounds contain little to zero carcinogens, which makes them a safer option than any other synthetic chemical alternative.

 

  • The increasing demand for oleochemicals for application in personal care, detergents, food and beverages is driving the market growth.
  • The steady growth of the green chemical market due to the rising awareness of the environment among people will add to the Latin America oleochemicals market.
  • The lower cost and sustainable raw materials of oleochemicals as compared to fossil fuels, are expected to enhance the market growth.

 

Latin America Oleochemicals Market Report Snapshots

Latin America Oleochemicals Market Size

Latin America Oleochemicals Market Trends

Latin America Oleochemicals Market Analysis

Latin America Oleochemicals Companies

Latin America Oleochemicals Market Regional Analysis

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2021, the market for oleochemicals attained a size of nearly USD 735.37.

The market is expected to expand at a CAGR of 3.9% in 2024 and 2032.

The market forecast report has estimated a steady growth of the market to reach a value of USD 950.73 by 2027.

The increasing demand for oleochemicals for personal care products and the low cost of raw materials are the key driving factors in the market.

The major trends followed in the market are the rising environmental awareness among people and the flourishing green chemical market aided by the increasing awareness.

The major regions for oleochemicals in Latin America are Brazil, Mexico, Argentina, and Colombia, among others.

The types in the market include fatty acid, fatty alcohol, glycerine, and ester, among others.

The market includes two forms of oleochemicals solid and liquid.

The different end-uses include in the market include household detergents, personal care, institutional and industrial cleaners, agricultural chemicals, food processing, oilfield chemicals, paints and coatings, plastics, and textile, among others.

The major players in the industry include CREMER OLEO GmbH & Co. KG, Vantage Specialty Chemicals, Baerlocher GmbH, Materia Hnos. S.A.C.I.F., and Evonik Industries AG, among others.

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