Australia Oleochemicals Market Size & Outlook, 2023-2030
Australia oleochemicals market, 2018-2030 (US$M)
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Australia oleochemicals market highlights
- The Australia oleochemicals market generated a revenue of USD 402.9 million in 2023 and is expected to reach USD 670.1 million by 2030.
- The Australia market is expected to grow at a CAGR of 7.5% 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.
Oleochemicals market data book summary
| Market revenue in 2023 | USD 402.9 million |
| Market revenue in 2030 | USD 670.1 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Glycerol esters |
| Fastest growing segment | Fatty Acid Methyl Ester |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 1.7% of the global oleochemicals market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China oleochemicals market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,869.3 million by 2030.
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Oleochemicals Market Scope
Oleochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 32.96% in 2023. Horizon Databook has segmented the Australia 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.
Australia is one of the world’s highly developed economies dominated by various industries including mining, automobile, textile, food processing, and pharmaceuticals. Furthermore, oilseeds production in the country has been one of the major contributors to the growth of the domestic agriculture industry.
According to the United States Department of Agriculture, Australia produces around three to five million tons of oilseeds every year including canola, cottonseed, soybean, linseed, and sunflower. Thus, abundant availability of these oilseeds used as raw materials is projected to drive Oleochemicals market in the country.
Industrial manufacturing, personal care & cosmetics, textile, food processing, and pharmaceutical industries are the major consumers of Oleochemicals in Australia. For instance, healthcare sector in Australia is one of the best in the world and is jointly run by the federal, state, and local governments.
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Our clientele includes a mix of oleochemicals market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia oleochemicals market , including forecasts for subscribers. This country databook contains high-level insights into Australia oleochemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia oleochemicals market size, by product, 2018-2030 (US$M)
Australia Oleochemicals Market Outlook Share, 2023 & 2030 (US$M)
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