Oleochemicals, which are derived from plant and animal fats, are extremely helpful substances. Natural raw materials such as castor oil, vegetable oil, soybean oil, animal oils and fats, as well as petrochemical feedstock, are used to make oleochemicals. Oleochemicals are becoming more popular as they may be used to replace petroleum-based goods. Growing environmental concerns are boosting the adoption of biodegradable chemicals, which is driving the oleochemicals market even faster.
The increasing use of oleochemicals in several end-use industries, such as surfactants, personal care, and home care, is propelling sales. The manufacturing of polyols, a critical feedstock for polyurethane synthesis, is also dependent on oleochemical pathways, giving the Oleochemicals Market, Oleochemicals Market Analysis, Oleochemicals Market Forecast, Oleochemicals Market Share a boost.
Oleochemicals are gaining traction as a viable alternative to petroleum-based products. Biodegradable oleochemicals are considered environmentally favourable. Oleochemicals are green products that are widely used in a variety of applications, including personal care, cosmetics, soaps and detergents, and food additives, among others. Oleochemicals are also used in the increasing paints and coatings sector, as well as the rubber industry, paper, animal feed, lubricants, and printing industries, due to increased environmental concerns.
Global Oleochemicals Market: Key Players
Some of the key players identified across the value chain of the global oleochemicals market are
- Emery Oleochemicals
- BASF
- Wilmar International
- Du Pont
- Oleon NV, KLK Oleo
- Solvay
- Musim Mas Group
- Procter & Gamble Co
- Croda International
- IOI Group
- Cargill Inc
- Chemical Associates Inc
- Twin River Technologies,
- Evyap Oleo
- Godrej Industries
- Others
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