Use of Oleochemicals in Various Applications proving to be Beneficial for Growth Expansion

The oleochemicals market may observe a steady growth across the forecast period of 2019-2029. The rising environmental concerns have led to various countries imposing stringent environmental regulations. As a result, the use of biofuels is gaining considerable momentum across the globe. Therefore, this factor may prove as a game-changer for the oleochemicals market as oleochemicals are being used as a vital component for producing biofuels.

Oleochemicals and their derivatives have found ways across various applications such as food and beverages, soaps, detergents, personal care, pharmaceuticals, and others due to properties like sustainability, biodegradability, and efficiency. This aspect proves to be a prominent growth multiplier for the oleochemicals market.

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Based on type, the oleochemicals market can be segmented into fatty alcohol, glycerin, fatty acids, and others. Oleochemicals are available in various forms such as flakes, liquids, needles, powders, and dispersions.

Government Support Bringing Efficient Growth Opportunities for Oleochemicals Market

The imposing of strict regulations in terms of air pollution is providing good opportunities for the oleochemicals market to expand through the biofuel sector. In addition, governments of various countries are offering tax benefits for manufacturing biodegradable chemicals, thus influencing the growth rate of the oleochemicals market greatly.

Use of Glycerin in Pharmaceuticals to Boost Growth Rate of Oleochemicals Market

The use of USP Grade glycerin in numerous industrial and consumer application such as adhesives and sealants, paints and coatings, tobacco, agrochemicals, etc may harness the growth of the oleochemicals market to a great extent.

Mergers and acquisitions are also proving to be great growth generators for the oleochemicals market. In addition, the forging of partnerships, collaborations, and joint ventures will further strengthen the growth rate of the oleochemicals market. Key players in the oleochemicals market are Cargill Inc., Croda International, Twin River Technologies, BASF, Evyap Oleo, Procter & Gamble Co., and Emery Oleochemicals.

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Author: Rohit Bhisey

As Head of Marketing at TMR Research, Rohit brings to the table over a decade of experience in market research and Internet marketing. His dedication, perseverance, and passion for perfection have enabled him to achieve immense success in his field. Rohit is an expert at formulating new business plans and strategies to help boost web traffic. His interests lie in writing news articles on technology,healthcare and business.

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