South East Asia Oleochemicals Market Overview and Insights:
According to MarkNtel Advisors Report, the Southeast Asia Oleochemicals Market is anticipated to grow at a CAGR of around 3.38% in terms of volume during the forecast period, i.e., 2022-27.
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Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2017-20
- Base Year: 2021
- Forecast Period: 2022-2027
What are the major challenges facing the South East Asia Oleochemicals Market?
The feedstock for oleochemicals is palm oil, soybean oil, castor oil, etc. Even though the region has abundant palm oil farming, the prices of palm oil had been volatile in the region, driven by geopolitical events. Further, in line with the recent event of the Russia-Ukraine war, a major supply hit has been experienced by the oleochemicals manufacturers. Moreover, to curb the impact of the unprecedented event, the government of Indonesia has implemented a new law to limit exports by palm oil suppliers in order to satiate the domestic demand. However, the high demand & low supply of palm oil in other countries of the region has resulted in volatile prices, affecting the procurement prices of palm oil by the oleochemical companies.
Who are the Key Players Operating in the South East Asia Oleochemicals Industry?
The top companies of the South East Asia Oleochemicals market ruling the industry are:
- Croda International PLC
- Philippine International Development, Inc.
- Cargill
- Kao Chemicals
- KLK OLEO
- Evonik
- Emery Oleochemicals Asia Sdn. Bhd.
- Wilmar International
- Corbion NV
- Others
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What is Included in South East Asia Oleochemicals Market Segmentation?
The report has segmented the market into the following categories:
By Type
- Fatty Acids
- Fatty Acid Methyl Esters (Biodiesel)
- Fatty Alcohol
- Isostearic & Stearic Acids
- Others (Fatty Amines, Glycerol)
By End Users
- Chemicals (Surfactants, Lubricants, Coatings, Resins, etc.)
- Food & Beverage (Human & Animal Nutrition)
- Personal Care & Cosmetics
- Home Care (Soaps, Detergents, etc.)
- Rubber & Plastics
- Textiles
- Pharmaceuticals
- Others (EOR, etc.)
Among these, Food & Beverage acquired a notable share in the Southeast Asia Oleochemicals market during the historical period, owing to the continual growth in the food & beverage industry. The growing demand for packaged foods, bakery, and confectionery products such as chocolates, cakes, ice creams, candies, etc., and condiments such as ketchup, cheese, etc., have been fueling the manufacturing quantities in the regions, and ultimately the market for oleochemicals in the region.
By Country
- Malaysia
- Singapore
- Thailand
- Vietnam
- Indonesia
- Rest of SEA
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Frequently Asked Questions (FAQs)-
- What are the industry's overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- How has the South East Asia Oleochemicals industry been evolving in terms of geography & adoption?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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