Malaysia Oleochemicals Market Size & Outlook, 2023-2030
Malaysia oleochemicals market, 2018-2030 (US$M)
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Malaysia oleochemicals market highlights
- The Malaysia oleochemicals market generated a revenue of USD 1,289.7 million in 2023 and is expected to reach USD 2,233.1 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 8.2% 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 1,289.7 million |
| Market revenue in 2030 | USD 2,233.1 million |
| Growth rate | 8.2% (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, Malaysia accounted for 5.3% 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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Malaysia 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 37.68% in 2023. Horizon Databook has segmented the Malaysia 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.
Malaysia is one of the leading producers of palm oil, coconut oil, and kernels, which are primarily used as feedstock for the production of fatty acids, fatty alcohols, glycerin, and other Oleochemicals. According to the Ministry of Primary Industries, Malaysia produced over 18.5 million tons of crude palm oil in 2023 and exported over 24.72 million tons of palm oil in 2022.
Palm oil emerged as the largest agricultural contributor to the Malaysian economy, accounting for over 36.5% of the country’s agricultural economy in 2022. The easy availability of feedstocks has attracted multinational players to invest in setting up downstream industries in Malaysia.
Some of the major Oleochemicals companies in Malaysia include Palm-Oleo Sdn. Bhd., Vance Bioenergy Pte. Ltd., IOI Acidchem Sdn. Bhd., Timur Oleochemicals Malaysia Sdn. Bhd., KLK OLEO, and FPG Oleochemicals Sdn. Bhd. among others.
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Our clientele includes a mix of oleochemicals market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Malaysia oleochemicals market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia oleochemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Malaysia oleochemicals market size, by product, 2018-2030 (US$M)
Malaysia Oleochemicals Market Outlook Share, 2023 & 2030 (US$M)
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