Indonesia Oleochemicals Market Size & Outlook, 2023-2030
Indonesia oleochemicals market, 2018-2030 (US$M)
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Indonesia oleochemicals market highlights
- The Indonesia oleochemicals market generated a revenue of USD 1,351.3 million in 2023 and is expected to reach USD 2,364.1 million by 2030.
- The Indonesia market is expected to grow at a CAGR of 8.3% 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 1,351.3 million |
| Market revenue in 2030 | USD 2,364.1 million |
| Growth rate | 8.3% (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, Indonesia accounted for 5.5% 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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Indonesia 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 Indonesia 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.
The government of the country has recognized over three million hectares of palm oil plantation under the Indonesian Sustainable Palm Oil (ISPO) scheme with the aim to boost the production of the oil and promote greater acceptance of the country’s palm oil products in international markets, aiding the country’s oleochemicals market.
Various government initiatives aimed at boosting palm oil production in Indonesia have attracted multinational companies to set up downstream industries in the country. Indonesia has great potential to emerge as the world’s leading Oleochemicals market owing to the substantial availability of feedstock.
Most of the domestic oleochemical companies including PT Ecogreen Oleochemicals, PT Soci Mas, PT Sumi Asih Oleochemical Industry, and PT Cisadane Raya Chemicals among others mainly use palm, coconut, and kernel oil to produce fatty alcohols, fatty acids, and glycerin.
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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 Indonesia oleochemicals market , including forecasts for subscribers. This country databook contains high-level insights into Indonesia oleochemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Indonesia oleochemicals market size, by product, 2018-2030 (US$M)
Indonesia Oleochemicals Market Outlook Share, 2023 & 2030 (US$M)
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