Europe Oleochemicals Market Size & Outlook, 2023-2030
Europe oleochemicals market, 2018-2030 (US$M)
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Europe oleochemicals market highlights
- The Europe oleochemicals market generated a revenue of USD 6,702.4 million in 2023.
- The market is expected to grow at a CAGR of 6.9% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 6,702.4 million |
| Market revenue in 2030 | USD 10,695.7 million |
| Growth rate | 6.9% (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, Europe region accounted for 27.4% 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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Europe 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 34.07% in 2023. Horizon Databook has segmented the Europe 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.
Favorable regulatory policies by Registration, Evaluation, and Authorization of Chemicals (REACH) with the aim to promote sustainable chemicals and petrochemical alternatives are expected to drive the growth of Oleochemicals market in Europe.
The growing demand for biodiesel on account of rising petroleum prices in the region is expected to drive the demand for glycerin over the forecast period.
The growing demand for biodiesel as an alternative to conventional petroleum diesel is expected to drive the demand for Oleochemicals, such as glycerin and methyl ester sulfonate, over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe oleochemicals market , including forecasts for subscribers. This continent databook contains high-level insights into Europe oleochemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe oleochemicals market size, by country, 2018-2030 (US$M)
Europe Oleochemicals Market Outlook Share, 2023 & 2030 (US$M)
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