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Recyclability is a significant factor driving global oleochemicals market revenue growth
VANCOUVER, BC, CANADA, August 22, 2022 /EINPresswire.com/ -- The global oleochemicals market size is expected to reach USD 42.03 Billion in 2030 and register a steady revenue CAGR of 4.2% over the forecast period, according to latest analysis by Emergen Research. Oleochemicals market revenue growth is primarily driven by rising government regulations regarding use of environmentally friendly products. Oleochemicals are becoming more popular as sustainable alternatives as environmental rules tighten and non-renewable resources deplete. The oleochemical market is growing as a result of various factors, including existence of raw materials, high level of customer demand, and market expansion for green chemicals.
The new report by Emergen Research titled, ‘Global Oleochemicals Market Size, Share, Price, Trends, Report and Forecast 2022-2030’, gives an in-depth analysis of the global Oleochemicals market, assessing the market based on its segments like source, product, industry, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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Some Key Highlights from the Report
On 18 September 2020, Emery Oleochemicals announced the release of its EMERY E general-purpose fatty acid esters product line. These fatty acid esters offer good color stability, low odor, and good biodegradability. EMERY E bio-based esters are a sustainable alternative to petrochemical-based materials and can be used in the formulation of a wide range of consumer and industrial systems including bio-diluent, solvent, or plasticizer in ink, adhesive, coating applications, plastic additives, pigment binding, and dispersing co-agents.
The fatty acid segment is expected to account for a large revenue share over the forecast period. This is attributed to its increasing adoption of microbial fatty acid biosynthesis. Sustainable and inexpensive techniques for creating renewable chemicals and fuels are needed to serve the expanding population and economy while cutting carbon emissions. Oleochemicals are petrochemical substitutes that are often manufactured from limited resources such as animal and plant fats. There is a lot of interest in microbial fatty acid biosynthesis since it offers a way to make renewable oleochemicals. According to several studies, Escherichia coli has been genetically modified to create a range of oleochemicals including alkanes that can be used right away as biofuels. On the other hand, yeast Saccharomyces cerevisiae is more suited for industrial scale production due to its robustness, tolerance to challenging fermentation conditions, and widespread use in synthesis of bioethanol.
The prominent manufacturers operating in the market are Wilmar International Ltd., BASF SE, Eastman Chemical Company, Procter & Gamble, Cargill, Incorporated, Evonik Industries, Godrej Industries Limited, PTT Global Chemical Public Company Limited, Arizona Chemical, and Emery Oleochemicals. They have adopted various strategies, such as new product launches, mergers & acquisitions, expansions, partnerships, joint ventures, and others to strengthen their position in the market.
Read Full Report with Table of Contents @ https://www.emergenresearch.com/industry-report/oleochemicals-market
The report studies the types and applications of the global Oleochemicals market. The report categorizes the Oleochemicals industry into different types covering different products supplied in the Oleochemicals market. Each type is briefly described in the report such that why it is used, the main sources, the production costs, and the processing involved in it. Depending upon various applications of the products and services in the market, the Oleochemicals market is categorized in the following non-exhaustive list of products. The application segment is anticipated to grow rapidly shortly due to its unique features and solutions, other crucial information about the types and applications is given in the report.
Emergen Research has segmented the global oleochemicals market based on type, application, and region:
Type Outlook (Revenue, USD Billion; 2019-2030)
Application Outlook (Revenue, USD Billion; 2019-2030)
𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲@ https://www.emergenresearch.com/purchase-enquiry/1236
Leading businesses who are looking for new sources of income will find this research to be quite helpful in understanding the market and its underlying dynamics. It will be helpful for businesses looking to diversify into new markets or increase the scope of their current operations.
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Oleochemicals market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Oleochemicals with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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What Questions Should You Ask before Buying a Market Research Report?
• How is the Oleochemicals market evolving?
• What is driving and restraining the Oleochemicals market?
• How will each Oleochemicals submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2030?
• How will the market shares for each Oleochemicals submarket develop from 2022 to 2030?
• What will be the main driver for the overall market from 2022 to 2030?
• Will leading Oleochemicals markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
• How will the market shares of the national markets change by 2030 and which geographical region will lead the market in 2030?
• Who are the leading players and what are their prospects over the forecast period?
Thank you for reading our report. Customization of the report is available according to the requirements of clients. In case of further queries about the report, do get in touch with us. Our team will make sure your report is tailored according to your needs.
Look Over transcripts provided by Emergen Research
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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The global oleochemicals market size is expected to reach USD 42.03 Billion in 2030
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