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Asia Pacific Specialty Oleochemicals Market
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Asia Pacific Specialty Oleochemicals Market

Home Chemicals And Materials Asia Pacific Specialty Oleochemicals Market

Asia Pacific Specialty Oleochemicals Market, By Product Type (Specialty Esters, Fatty Acid Methyl Ester, Glycerol Esters, Alkoxylates, Fatty Amines, Others); By Application (Personal Care & Cosmetics, Consumer Goods, Food Processing, Textiles, Paints & Inks, Industrial, Healthcare & Pharmaceuticals, Polymer & Plastic Additives, Others); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, Rest of APAC), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: October 2024
  • Report ID: BWC24786
  • Available Format: PDF
  • Page: 275

Report Overview

Abundant raw materials in Malaysia and Indonesia, rapid industrialization in China and India, and a rising demand for bio-based products are expected to drive Asia Pacific Specialty Oleochemicals Market during the forecast period between 2024 and 2030.

Asia Pacific Specialty Oleochemicals Market – Industry Trends & Forecast Report, 2030

Asia Pacific Specialty Oleochemicals Market size by value was estimated at USD 17.22 billion in 2023. During the forecast period between 2024 and 2030, Asia Pacific Specialty Oleochemicals Market size is expected to expand at a CAGR of 7.20% reaching a value of USD 27.43 billion by 2030. Asia Pacific Specialty Oleochemicals Market is driven by several key factors. The region benefits from abundant raw materials, particularly in Malaysia and Indonesia, which are major producers of palm oil and palm kernel oil. Rapid industrialization and a growing manufacturing sector in emerging markets like China and India also contribute significantly. Additionally, there is a rising demand for bio-based and sustainable products, driven by environmental concerns and the push for greener alternatives.

 Asia Pacific Specialty Oleochemicals Market

Specialty Oleochemicals – Overview

Specialty oleochemicals are biodegradable compounds derived from plant-based feedstocks like palm, soybean, and sunflower oils. They are used in various industries, including personal care, pharmaceuticals, and food processing, due to their eco-friendly nature and versatility. These chemicals serve as alternatives to petrochemicals, offering benefits such as lower toxicity and better biodegradability. The growing demand for sustainable and bio-based products is driving the market for specialty oleochemicals.

Asia Pacific Specialty Oleochemicals Market

Growth Drivers

Growing Population in Countries like China and India

The burgeoning populations in China and India are significantly drivers of Asia Pacific Specialty Oleochemicals Market. As these the world’s most populous countries experience rapid urbanization and rising disposable incomes, the demand for personal care, pharmaceuticals, and food products is increasing. This surge in consumer needs boosts the demand for specialty oleochemicals, which are essential in manufacturing these products. Additionally, the shift towards sustainable and bio-based products further propels market growth in these populous regions.

Challenges

Fluctuating Raw Material Prices

Asia Pacific Specialty Oleochemicals Market faces significant challenges due to fluctuating raw material prices. Key feedstocks like palm oil, soybean oil, and tallow are highly dependent on agricultural conditions, which are influenced by weather patterns, natural disasters, and seasonal variations. These fluctuations lead to unpredictable costs, making it difficult for manufacturers to maintain stable pricing and profitability. Consequently, this volatility hampers market growth and poses a major restraint for the industry.

Impact of Escalating Geopolitical Tensions on Asia Pacific Specialty Oleochemicals Market

Intensifying and further spreading of geopolitical tensions among countries across the regions could adversely affect Asia Pacific Specialty Oleochemicals Market. Disruptions in the supply chain, particularly for key raw materials like palm oil and soybean oil, can lead to increased costs and supply shortages. Tensions in major oil-producing regions can also drive up energy prices, further inflating production costs. Additionally, political instability can affect trade policies and tariffs, complicating international trade and market access. These factors collectively create an unpredictable market environment, challenging manufacturers to maintain stable operations and profitability. Therefore, the industry faces heightened risks and uncertainties, potentially slowing market growth.

Asia Pacific Specialty Oleochemicals Market

Segmental Coverage

Asia Pacific Specialty Oleochemicals Market – By Product Type

By product type, Asia Pacific Specialty Oleochemicals Market is divided into Specialty Esters, Fatty Acid Methyl Ester, Glycerol Esters, Alkoxylates, Fatty Amines, and other segments. The specialty esters segment is the largest product type in Asia Pacific Specialty Oleochemicals Market. Specialty esters are widely used across various industries, particularly in personal care, cosmetics, and lubricants, due to their excellent emollient and conditioning properties. The growing demand for eco-friendly and biodegradable products in the region drives the adoption of specialty esters. Their versatility in applications such as surfactants, plasticizers, and solvents contributes to their dominant position in the market over other segments like fatty acid methyl esters and alkoxylates.

Asia Pacific Specialty Oleochemicals Market Size

Asia Pacific Specialty Oleochemicals Market – By Application

Based application, Asia Pacific Specialty Oleochemicals Market is divided into Personal Care & Cosmetics, Consumer Goods, Food Processing, Textiles, Paints & Inks, Industrial, Healthcare & Pharmaceuticals, Polymer & Plastic Additives, and other segments. The personal care & cosmetics segment holds the largest share of Asia Pacific Specialty Oleochemicals Market by application. The segment’s dominance is driven by the increasing demand for natural and sustainable ingredients in personal care products, such as skincare, haircare, and cosmetics. The rising consumer awareness of eco-friendly and bio-based products, coupled with the region's expanding beauty and personal care industry, significantly contributes to the segment's growth. The preference for oleochemicals over synthetic alternatives further boosts its market share.

Asia Pacific Specialty Oleochemicals Market – By Country

Geographically, Asia Pacific Specialty Oleochemicals Market is divided into China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and Rest of APAC. China is the leading country in Asia Pacific Specialty Oleochemicals Market, due to its extensive industrial base, high demand for oleochemicals across sectors like personal care, detergents, and plastics, and its robust manufacturing capabilities. The country's significant investments in sustainable and bio-based chemicals also contribute to its market leadership. China's strong consumer base, coupled with growing environmental regulations, further fuels the demand for specialty oleochemicals, making it the dominant player in the region.

Asia Pacific Specialty Oleochemicals Market Share

Competitive Landscape

Key players in the highly competitive Asia Pacific Specialty Oleochemicals Market include Vantage Specialty Chemicals, Emery Oleochemicals, Evonik Industries, Wilmar International, Cargill, TerraVia Holdings, Inc., Kao Chemicals, Sinarmas Cepsa Pte. Ltd, Global Green Chemicals, and Croda International PLC. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Billion 

Market Coverage

China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, Rest of APAC

Product/Service Segmentation

Product Type, Application, Country

Key Players

Vantage Specialty Chemicals, Emery Oleochemicals, Evonik Industries, Wilmar International, Cargill, TerraVia Holdings, Inc., Kao Chemicals, Sinarmas Cepsa Pte Ltd, Global Green Chemicals, Croda International PLC

 

 

By Product Type

  • Specialty Esters

  • Fatty Acid Methyl Ester

  • Glycerol Esters

  • Alkoxylates

  • Fatty Amines

  • Others

By Application

  • Personal Care & Cosmetics

  • Consumer Goods

  • Food Processing

  • Textiles

  • Paints & Inks

  • Industrial

  • Healthcare & Pharmaceuticals

  • Polymer & Plastic Additives

  • Others

By Country

  • China

  • India

  • Japan

  • South Korea

  • Australia & New Zealand

  • Indonesia

  • Malaysia

  • Singapore

  • Vietnam

  • Rest of APAC

  1. Research Framework
    1. Research Objective
    2. Application Overview
    3. Market Segmentation
  2. Executive Summary
  3. Asia Pacific Specialty Oleochemicals Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Growing population in countries like China and India
        2. Rapid industrialization
        3. Increasing demand for sustainable Applications
      2. Restraints
        1. Fluctuating raw material prices
        2. Environmental concerns
        3. Competition from synthetic alternatives
      3. Opportunities
        1. Favorable government policies
        2. Expanding applications in areas such as biofuels, pharmaceuticals, and green building materials
        3. Innovation in Application development
      4. Challenges
        1. Adherence to environmental regulations and standards
        2. Competition from low-cost producers
    3. Technological Advancement/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Asia Pacific Specialty Oleochemicals Market, Pricing Analysis
  5. Asia Pacific Specialty Oleochemicals Market: Marketing Strategies
  6. Asia Pacific Specialty Oleochemicals Market Overview
    1. Market Size & Forecast, 2019-2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
        1. Specialty esters
        2. Fatty acid methyl ester
        3. Glycerol esters
        4. Alkoxylates
        5. Fatty amines
        6. Others
      2. By Application
        1. Personal care & cosmetics
        2. Consumer goods
        3. Food processing
        4. Textiles
        5. Paints & inks
        6. Industrial
        7. Healthcare & pharmaceuticals
        8. Polymer & Plastic Additives
        9. Others
      3. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia & New Zealand
        6. Indonesia
        7. Malaysia
        8. Singapore
        9. Vietnam
        10. Rest of APAC
  7. China Specialty Oleochemicals Market
    1. Market Size & Forecast, 2019-2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
  8. India Specialty Oleochemicals Market
    1. Market Size & Forecast, 2019-2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
  9. Japan Specialty Oleochemicals Market
    1. Market Size & Forecast, 2019-2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
  10. South Korea Specialty Oleochemicals Market
    1. Market Size & Forecast, 2019-2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
  11. Australia & New Zealand Specialty Oleochemicals Market
    1. Market Size & Forecast, 2019-2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
  12. Indonesia Specialty Oleochemicals Market
    1. Market Size & Forecast, 2019-2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
  13. Malaysia Specialty Oleochemicals Market
    1. Market Size & Forecast, 2019-2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
  14. Singapore Specialty Oleochemicals Market
    1. Market Size & Forecast, 2019-2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
  15. Vietnam Specialty Oleochemicals Market
    1. Market Size & Forecast, 2019-2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
  16. Rest of APAC Specialty Oleochemicals Market
    1. Market Size & Forecast, 2019-2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
  17. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Asia Pacific Specialty Oleochemicals Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  18. Asia Pacific Specialty Oleochemicals Market: Import & Export
  19. Impact of Escalating Geopolitical Tensions on Asia Pacific Specialty Oleochemicals Market
  20. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Vantage Specialty Chemicals
    2. Emery Oleochemicals
    3. Evonik Industries,
    4. Wilmar International
    5. Cargill
    6. TerraVia Holdings, Inc.
    7. Kao Chemicals
    8. Sinarmas Cepsa Pte Ltd
    9. Global Green Chemicals
    10. Croda International PLC
    11. Other Prominent Players
  21. Key Strategic Recommendations
  22. Research Methodology
    1.       Qualitative Research
      1.   Primary & Secondary Research
    2.       Quantitative Research
    3.       Market Breakdown & Data Triangulation
      1.   Secondary Research
      2.   Primary Research
    4.       Breakdown of Primary Research Respondents, By Country
    5.       Assumptions & Limitations

*Financial information in case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

          

 

List of Figures

 

Figure 1       Asia Pacific Specialty Oleochemicals Segmentation

Figure 2       Asia Pacific Specialty Oleochemicals Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Asia Pacific Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Figure 5       Asia Pacific Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Figure 6       Asia Pacific Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

Figure 7       Asia Pacific Specialty Oleochemicals Market Share, By Country, By Value (USD Million), 2019-2030

Figure 8       China Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Figure 9       China Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Figure 10     China Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

Figure 11     India Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Figure 12     India Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Figure 13     India Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

Figure 14     Japan Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Figure 15     Japan Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Figure 16     Japan Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

Figure 17     South Korea Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Figure 18     South Korea Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Figure 19     South Korea Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

Figure 20     Australia & New Zealand Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Figure 21     Australia & New Zealand Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Figure 22     Australia & New Zealand Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

Figure 23     Indonesia Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Figure 24     Indonesia Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Figure 25     Indonesia Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

Figure 26     Malaysia Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Figure 27     Malaysia Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Figure 28     Malaysia Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

Figure 29     Singapore Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Figure 30     Singapore Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Figure 31     Singapore Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

Figure 32     Vietnam Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Figure 33     Vietnam Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Figure 34     Vietnam Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

Figure 35     Rest of APAC Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Figure 36     Rest of APAC Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Figure 37     Rest of APAC Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Figure 38     Rest of APAC Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

 

List of Tables

 

Table 1        Asia Pacific Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Table 2        Asia Pacific Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Table 3        Asia Pacific Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

Table 4        Asia Pacific Specialty Oleochemicals Market Share, By Country, By Value (USD Million), 2019-2030

Table 5        China Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Table 6        China Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Table 7        China Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

Table 8        India Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Table 9        India Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Table 10      India Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

Table 11      Japan Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Table 12      Japan Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Table 13      Japan Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

Table 14      South Korea Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Table 15      South Korea Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Table 16      South Korea Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

Table 17      Australia & New Zealand Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Table 18      Australia & New Zealand Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Table 19      Australia & New Zealand Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

Table 20      Indonesia Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Table 21      Indonesia Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Table 22      Indonesia Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

Table 23      Malaysia Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Table 24      Malaysia Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Table 25      Malaysia Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

Table 26      Singapore Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Table 27      Singapore Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Table 28      Singapore Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

Table 29      Vietnam Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Table 30      Vietnam Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Table 31      Vietnam Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

Table 32      Rest of APAC Specialty Oleochemicals Market Size, By Value (USD Million), 2019-2030

Table 33      Rest of APAC Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Table 34      Rest of APAC Specialty Oleochemicals Market Share, By Product Type, By Value (USD Million), 2019-2030

Table 35      Rest of APAC Specialty Oleochemicals Market Share, By Application, By Value (USD Million), 2019-2030

Table 36      Vantage Specialty Chemicals Company Overview

Table 37      Vantage Specialty Chemicals Financial Overview

Table 38      Emery Oleochemicals Company Overview

Table 39      Emery Oleochemicals Financial Overview

Table 40      Evonik Industries, Company Overview

Table 41      Evonik Industries, Financial Overview

Table 42      Wilmar International Company Overview

Table 43      Wilmar International Financial Overview

Table 44      Cargill Company Overview

Table 45      Cargill Financial Overview

Table 46      TerraVia Holdings, Inc. Company Overview

Table 47      TerraVia Holdings, Inc. Financial Overview

Table 48      Kao Chemicals Company Overview

Table 49      Kao Chemicals Financial Overview

Table 50      Sinarmas Cepsa Pte Ltd Company Overview

Table 51      Sinarmas Cepsa Pte Ltd Financial Overview

Table 52      Global Green Chemicals Company Overview

Table 53      Global Green Chemicals Financial Overview

Table 54      Croda International PLC Company Overview

Table 55      Croda International PLC Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Asia Pacific Specialty Oleochemicals Market size by value was estimated at USD 17.22 billion in 2023.
Ans: Asia Pacific Specialty Oleochemicals Market by value is expected to grow at a CAGR of 7.20% during the forecast period between 2024 and 2030.
Ans: Asia Pacific Specialty Oleochemicals Market size is forecast to reach a value of USD 27.43 billion by 2030.
Ans: Growth of Asia Pacific Specialty Oleochemicals Market is primarily driven by abundant raw materials in Malaysia and Indonesia, rapid industrialization in China and India, and rising demand for bio-based products.
Ans: The specialty esters segment accounts for the largest market share of Asia Pacific Specialty Oleochemicals Market by product type.
Ans: Key players in Asia Pacific Specialty Oleochemicals Market include Vantage Specialty Chemicals, Emery Oleochemicals, Evonik Industries, Wilmar International, Cargill, TerraVia Holdings, Inc., Kao Chemicals, Sinarmas Cepsa Pte Ltd, Global Green Chemicals, and Croda International PLC.