Asia Pacific Oleochemicals Market Size & Outlook
Asia Pacific oleochemicals market, 2018-2030 (US$M)
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Asia Pacific oleochemicals market highlights
- The Asia Pacific oleochemicals market generated a revenue of USD 10,103.8 million in 2023.
- The market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, glycerol esters was the largest revenue generating product in 2023.
- Fatty Acid Methyl Ester is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 10,103.8 million |
| Market revenue in 2030 | USD 17,478.4 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Glycerol esters |
| Fastest growing segment | Fatty Acid Methyl Ester |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Specialty Esters, Fatty Acid Methyl Ester, Glycerol Esters, Alkoxylates, Fatty Amines, Other Products |
| Key market players worldwide | Evonik Industries AG, Wilmar International Ltd, Kao Corp, Corbion NV, Cargill, Godrej, IOI Corp Bhd, Vantage Specialty Chemicals, Emery Oleochemicals, Oleon, Evyap, Sakamoto Yakuhin Kogyo, The Stephan Co |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 41.4% of the global oleochemicals market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 17,478.4 million by 2030.
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Oleochemicals Market Scope
Oleochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific oleochemicals market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to oleochemicals market will help companies and investors design strategic landscapes.
Glycerol esters was the largest segment with a revenue share of 36.85% in 2023. Horizon Databook has segmented the Asia Pacific oleochemicals market based on specialty esters, fatty acid methyl ester, glycerol esters, alkoxylates, fatty amines, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific was the largest regional Oleochemicals market and is likely to witness the fastest growth over the forecast period. This can be attributed to the presence of a large number of manufacturers in Malaysian and Indonesian markets.
The abundance of raw materials such as palm oil and palm kernel oil coupled with huge captive consumption in the region has been motivating manufacturers to increase their capacities in the region. The trend is expected to boost the market growth in the region over the forecasted period.
The region is the largest consumer and producer of oleochemicals. The presence of a large number of oleochemicals manufacturers in Malaysia and Indonesia has been a major factor driving the market growth in the region.
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Our clientele includes a mix of oleochemicals market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific oleochemicals market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific oleochemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific oleochemicals market size, by country, 2018-2030 (US$M)
Asia Pacific Oleochemicals Market Outlook Share, 2023 & 2030 (US$M)
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