3 Key Insights on US$ 50 Bn Opportunity in the Global Oleochemicals Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Key trends driving market expansion include the recyclability of oleochemicals, increasing demand for biodegradable and sustainable products, and the growing demand from the end-user industry such as pharmaceutical, cosmetics, and food industries, the Global Oleochemicals Market is Forecasted to Reach US$ 50 Bn by 2028 says Ken Research Study. Oleochemicals are chemicals created from the organic fats and oils found in both animals and plants. It is made by separating glycerol and fatty acids from the fats and oils’ triglyceride structure. Different forms of oleochemical substances, such as fatty acids and fatty alcohols, are produced by hydrolyzing or methylating oils and fats. Ken Research shares 3 key insights on this high-opportunity market from its latest research study. 1. Consumption of Renewable, Sustainable, and Bio-Based Chemicals in Various End-User Industries Has Created a Specialized Demand for Oleochemicals Products According to Research estimates, the Global Oleochemicals Market – which was valued from around US$ 20 Bn in 2017 to nearly US$ 30 Bn by 2022 – is expected to grow further to more than US$ 50 Bn opportunity by 2028. Oleochemicals are widely used in various end-user industries. These are widely utilized for the preparation of polishing, and treating agents in leather products, softeners, general industrial lubricants, vulcanizing agents, biodegradable base oils, hydraulic fluids, culture media, shampoos, creams, soaps, protective coatings, etc. Additionally, the opportunity to replace petroleum-based products is creating immense opportunities for the growth of the Global Oleochemical Market. 2. Oleochemicals as a Replacement to Petroleum-Based Products is Positively Impacting the Market Growth Fossil fuels pose a negative impact on the environment as when burned, release a large amount of carbon dioxide, particularly petroleum. Governments are increasing regulations for petroleum’s moderate use. Oleochemicals are a preferable substitute for chemicals derived from petroleum. Additionally, oleochemicals are environmentally beneficial and sustainable, resulting in reduced pollution. These factors are causing the oleochemicals market to grow steadily and are anticipated to continue doing so over the projected period. According to a report published in Oil & Fat Magazine (magazine) in April 2021, the production of Biodiesel in Malaysia was 6.4 million tonnes in 2019 and in 2020 it jumped around 56% to become 1 million tonnes. By the end of 2021, biodiesel production in Indonesia is expected to reach 17 million tonnes. 3. The emission of Volatile Organic Compounds (VOC) is a Major Concern Which Impedes the Growth of the Global Oleochemicals Market Despite all of its benefits, Oleochemicals have a certain adverse impact on the environment such as VOC and other harmful gaseous emissions, wastewater release, hazardous waste release, etc. Volatile organic compounds are produced during the pre-treatment of poor-quality glycerin solutions or in vacuum generation systems. Also, Air emissions from fatty acids production mainly include fugitive emissions of volatile organic compounds. Volatile organic compounds can cause odor emissions due to the presence of low molecular weight decomposition products. These factors are expected to hamper its acceptance by end-users and consequently limit the growth of the market. Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTEx According to research conducted by Aerosol and Air Quality Research (AAQR), in 2017, in California, USA, in rendering plants, the volatile organic compounds (VOCs) found at high concentrations are acetic acid (80–320 ppb), acetone (55–241 ppb, along with nine other aldehyde/ketone products ranging from 0.4–60 ppb), and ethanol (15–81 ppb). These constituents have low odor thresholds and thus contribute to nuisance odor problems. Key Topics Covered in the Report Snapshot of the Global Oleochemicals Market Industry Value Chain and Ecosystem Analysis Market size and Segmentation of the Global Oleochemicals Market Historic Growth of the Overall Global Oleochemicals Market and Segments Competition Scenario of the Market and Key Developments of Competitors Porter’s 5 Forces Analysis of the Global Oleochemicals Market Overview, Product Offerings, and SWOT Analysis of Key Competitors COVID-19 Impact on the Overall Global Oleochemicals Market Future Market Forecast and Growth Rates of the Total Global Oleochemicals Market and by Segments Market Size of Product Type / Application Segments with Historical CAGR and Future Forecasts Analysis of the Oleochemicals Market in Major Regions Major Production / Consumption Hubs in the Major Regions Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments Overview of Notable Emerging Competitor Companies within Each Major Country Major Players Mentioned in the report Emery Oleochemicals BASF SE Wilmar International Godrej Industries Cargill Inc. Kao Corporation Edenor Technology Sdn Bhd Oleon NV. IOI Group Berhad P&G Chemicals Twin River Technologies Inc. Croda International plc. Notable Emerging Companies Mentioned in the Report Matrix Life Science VVF L.L.C. 3F Industries Limited. Vance Bioenergy Sdn. Bhd. EGC Reliant, Inc. For more information on the research report, refer to below link: Global Oleochemicals Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research