Brazil and Mexico Oleochemicals Market By Type (Fatty Acid, Fatty Alcohol, Glycerol, and Others); By Application (Pharmaceutical, Cosmetics & Personal Care, Food & Beverage, Soaps & Detergent, and Animal Feed) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030

Product Overview

Oleochemicals are organic materials, made from triglycerides in animals or vegetables. Such goods are perceived by scientists and consumers as being sustainable, green, organic, healthy, renewable, and biodegradable. Oleochemicals are replacing many products based on petroleum, as their properties help create a product that is safer for the environment and can be made from sustainable raw materials. The most widely used raw materials for processing oleochemicals are palm kernel oil, coconut oil, and high erucic rapeseed oil along with animal fat, such as tallow and lard. Brazil's oleochemical industry has been projected to expand dramatically, including fats and other materials that are made from plants and animals. Fatty acids, alcohol, and several plants and animal-derived oleaginous raw materials, such as glycerin, soy, and beef tallow, have high growth potential on the Brazilian oleochemicals market.

Market Highlights

Brazil and Mexico Oleochemicals Market size was registered at USD XX billion in 2019 and is estimated to reach USD XX billion by 2030, registering a CAGR of XX% from 2020 to 2030. Increasing demand for biodegradable goods and sustainable solutions, and enforcing government legislation to use environmentally friendly products raise oleochemical production. Also, fatty acids have a wide range of applications in various industries, including varnishes, detergents, paints, textile chemicals, insecticides, synthetic rubber formulations, and rubber compounding, which fuel the demand for oleochemicals on the Brazilian and Mexican markets. Also, the fatty acid market has expanded in both the regions of Brazil and Mexico as a result of increased fatty alcohol use in surfactant-based industries such as cosmetics, soaps, and detergents and personal care products.

Source: Fatpos Global

Brazil and Mexico Oleochemicals Market: Segments

Brazil and Mexico Oleochemicals Market is segmented based on type, application, and region.

By type (in %), Brazil and Mexico Oleochemicals Market, 2019

The fatty acid segment is anticipated to register XX% of the market share during the forecasted period.

By type, it is categorized into fatty acid, fatty alcohol, glycerol, and others.

The fatty acid segment dominated the oleochemicals market in Brazil and Mexico in terms of both value and volume, owing to their increased application in the soap and detergent industries. Furthermore, in Mexico and Brazil, pure & midcut fatty alcohols have increasingly been used to manufacture sodium laureth sulfate, linear alkylbenzene sulfonate, and sodium lauryl ether sulfate, which are the primary ingredients in various personal care products, such as lotions, shampoos, dishwashing liquids, and others.

By application (in %), Brazil and Mexico Oleochemicals Market, 2019

Soap & detergent segment accounted for XX% of the nation’s volume in 2019

Brazil and Mexico Oleochemicals Market is segmented by application into pharmaceutical, cosmetics & personal care, food & beverage, soaps & detergent, and animal feed.

Due to the development of the textile industry, the soap & detergent segment by application holds a dominant position during the forecast period. Increasing penetration of washing machines in Brazil and Mexico is also expected to fuel the demand for soaps and detergents. Increasing awareness of healthcare also boosts demand for soaps and detergents as essential products for sanitizing. As a result, demand for oleochemicals is forecasted to rise, thus supplementing the market growth. The region segment can be further divided into five major types including Eastern and Western Mexico, Southern and Northern Mexico, Eastern and Western Brazil, and Northern and Southern Brazil.

Source: Fatpos Global

Brazil and Mexico Oleochemicals Market Dynamics:

Increasing demand for biodegradable goods and fatty acids segment to drive the market demand

Increasing demand for biodegradable goods and sustainable solutions, and enforcing government legislation to use environmentally friendly products raise oleochemical production. Besides, several new applications of oleochemicals, such as biopolymers, biosurfactants, and bio-lubricants, which have emerged as replacements for petroleum-based products and are expected to offer lucrative growth opportunities for the oleochemicals market in Brazil and Mexico. The market for fatty acids in Brazil and Mexico is expected to see significant growth due to increased demand from the soap and detergent sector. Besides, fatty acids have a wide range of applications in various industries, including varnishes, detergents, paints, textile chemicals, insecticides, synthetic rubber formulations, and rubber compounding, which fuel the demand for oleochemicals on the Brazilian and Mexican markets. Besides, the fatty acid market has expanded in both the regions of Brazil and Mexico as a result of increased fatty alcohol use in surfactant-based industries such as cosmetics, soaps, and detergents and personal care products.

Volatile prices of raw materials to hamper the market growth of oleochemicals market

Volatile prices of raw material are expected to act as a restraint in the Brazil and Mexico Oleochemicals Market.

Brazil and Mexico Oleochemicals Market: Regions

In terms of value and volume, Mexico and Brazil accounted for XX% of total market volume share in 2019

Currently, Brazil imports coconut, palm kernel oil, and ricinoleic oil and local producers have increased the production of castor and palm oil plants in the area. The state of Pará offers perfect conditions for palm planting, which is proving beneficial in the development of laundry detergents and personal care products. Increased investment by major players like BASF in Mexico, on the other hand, has been boosting the growth of the Mexican oleochemical market. The region segment can be further divided into five major types including Eastern and Western Mexico, Southern and Northern Mexico, Eastern and Western Brazil, and Northern and Southern Brazil.

Source: Fatpos Global

Brazil and Mexico Oleochemicals Market is further segmented by region into:

Eastern and Western Mexico Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR

Northern and Southern Mexico Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR

Eastern and Western Brazil Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR

Northern and Southern Brazil Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR

Brazil and Mexico Oleochemicals Market: Competitive landscape

Some factors that improve the role in the market of the key players within the oleochemicals market have been the diversified applications, greater opportunities, government regulations, and increased demand.

Brazil and Mexico Oleochemicals Market: Key players

• IOI Group
  • Company Overview
  • Business Strategy
  • Key Product Offerings
  • Financial Performance
  • Key Performance Indicators
  • Risk Analysis
  • Recent Development
  • Regional Presence
  • SWOT Analysis
  • Braido
  • Emery Oleochemicals
  • Musim Mas Holdings Pte. Ltd
  • Baerlocher GmbH
  •  Cremer Oleo GmbH & Co. KG
  • Materia Hinos S.A.C.I.F
  • Wilmar International Ltd
  • QUIMIC 
  • Other prominent players

Brazil and Mexico Oleochemicals Market report also contains analysis on:

• Brazil and Mexico Oleochemicals Market segments: -
• By type:
• Fatty acid
• Fatty alcohol
• Glycerol
• Others

•  By application:

• Pharmaceutical
• Personal care & cosmetics
• Food & beverages
• soap & detergent
• Animal feed
• Others
• Brazil and Mexico Oleochemicals Market dynamics
• Brazil and Mexico Oleochemicals Market size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints