Mexico Oleochemicals Market Size & Outlook, 2023-2030
Mexico oleochemicals market, 2018-2030 (US$M)
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Mexico oleochemicals market highlights
- The Mexico oleochemicals market generated a revenue of USD 777.7 million in 2023 and is expected to reach USD 1,274.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.3% 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 777.7 million |
| Market revenue in 2030 | USD 1,274.4 million |
| Growth rate | 7.3% (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, Mexico accounted for 3.2% 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 North America, U.S. oleochemicals market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 5,835.0 million by 2030.
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Oleochemicals Market Scope
Oleochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 35.71% in 2023. Horizon Databook has segmented the Mexico 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 market growth in the country is driven by the rising demand for biofuel from several end use industries. The country is one of the key producers of biodiesel in the North American region.
Currently, universities, government agencies and research centers are conducting research and development activities related to biodiesel and related raw materials for production and the impacts of biodiesel on materials.
Besides the abundance of raw materials such as soybean oil and rapeseed oil coupled with huge captive consumption in the country has been motivating manufacturers to increase their capacities in the region. The trend is expected to boost the market growth in the region over the forecast period.
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Our clientele includes a mix of oleochemicals market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico oleochemicals market , including forecasts for subscribers. This country databook contains high-level insights into Mexico oleochemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico oleochemicals market size, by product, 2018-2030 (US$M)
Mexico Oleochemicals Market Outlook Share, 2023 & 2030 (US$M)
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