China Oleochemicals Market Size & Outlook, 2023-2030
China oleochemicals market, 2018-2030 (US$M)
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China oleochemicals market highlights
- The China oleochemicals market generated a revenue of USD 2,156.6 million in 2023 and is expected to reach USD 3,869.3 million by 2030.
- The China market is expected to grow at a CAGR of 8.7% 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 2,156.6 million |
| Market revenue in 2030 | USD 3,869.3 million |
| Growth rate | 8.7% (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, China accounted for 8.8% 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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China 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 37.75% in 2023. Horizon Databook has segmented the China 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.
China is one of the prominent consumers of specialty oloeochemicals in the Asia pacific region. The products such as glycerol esters, fatty acid and fatty amines are being manufactured on a large scale which are used in end use applications such as household cleaners, cosmetics, pharmaceuticals etc.
Growing personal care, food processing and pharmaceutical industry in the country is expected to drive the product demand in the country.
However, the country is majorly dependent on imports of raw materials required for the production of these oleo chemicals on other countries such as Malaysia and Indonesia for the industrial vegetable oil.
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Target buyers of China oleochemicals market databook
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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 China oleochemicals market , including forecasts for subscribers. This country databook contains high-level insights into China oleochemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China oleochemicals market size, by product, 2018-2030 (US$M)
China Oleochemicals Market Outlook Share, 2023 & 2030 (US$M)
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