India Oleochemicals Market Size & Outlook, 2023-2030
India oleochemicals market, 2018-2030 (US$M)
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India oleochemicals market highlights
- The India oleochemicals market generated a revenue of USD 1,565.9 million in 2023 and is expected to reach USD 2,772.0 million by 2030.
- The India market is expected to grow at a CAGR of 8.5% 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 1,565.9 million |
| Market revenue in 2030 | USD 2,772.0 million |
| Growth rate | 8.5% (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, India accounted for 6.4% 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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India 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 37.43% in 2023. Horizon Databook has segmented the India 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.
Growing personal care, pharmaceuticals household & industrial cleaning industry in the country is expected to enhance the product demand in the region. Glycerol derivatives are estimated to grow at the fastest rate on account of the numerous applications across various end-use industries including food & beverages and pharmaceuticals.
Increasing demand biodiesel in the country is also expected to influence the market demand, which in terms lower the product prices for biodiesel sectors.
Increasing use of fatty amines and methyl esters in India, which are being used as a key raw material for agrochemical products is expected to enhance the oleochemicals demand in the country. West India controls the highest share of oleochemicals on account of a large number of soaps and detergent manufacturing industries in the area.
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Horizon Databook provides a detailed overview of country-level data and insights on the India oleochemicals market , including forecasts for subscribers. This country databook contains high-level insights into India oleochemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India oleochemicals market size, by product, 2018-2030 (US$M)
India Oleochemicals Market Outlook Share, 2023 & 2030 (US$M)
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