Report Overview

The global oleochemicals market attained a value of USD 27.83 Billion in 2024. The market is forecast to grow at a compound annual growth rate (CAGR) of 5.80% from 2025 to 2034, potentially reaching USD 48.91 Billion by 2034.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • The easy availability of raw materials, especially in regions like Malaysia, Indonesia, China, as well as Thailand, is likely to drive the industry growth further.
  • Palm kernel oil and coconut oil are the leading feedstock because they have a wide mix of all the fatty acids.
  • The UK is currently dependent on the European Union for feedstock, which leads to an increase in imports, aiding the market growth.

*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 2024, the market reached an approximate value of USD 27.83 Billion.

The oleochemicals market is assessed to grow at a CAGR of 5.80% between 2025 and 2034.

The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 48.91 Billion by 2034.

The major market drivers include increasing population, rise in industrialisation, and the expanding food and beverage sector.

The key trends are rising demand for personal care products and growing pharmaceuticals industry.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Asia Pacific accounting for the largest share in the market.

Fatty acid, fatty alcohol, glycerine, and ester, among others, are the different types of oleochemicals in the market.

The applications of oleochemicals include soap and detergent, intermediate plastic, coating and resin, lubricants and grease, paper, rubber, and personal care, among others.

The major players in the market include BASF SE, Wilmar International Ltd, Kuala Lumpur Kepong Berhad, IOI Corporation Berhad, Kao Corporation, and Ecogreen Oleochemicals Pte. Ltd, among others.

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