Russia Oleochemicals Market Size & Outlook, 2023-2030
Russia oleochemicals market, 2018-2030 (US$M)
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Russia oleochemicals market highlights
- The Russia oleochemicals market generated a revenue of USD 609.2 million in 2023 and is expected to reach USD 929.0 million by 2030.
- The Russia market is expected to grow at a CAGR of 6.2% 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 609.2 million |
| Market revenue in 2030 | USD 929.0 million |
| Growth rate | 6.2% (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, Russia accounted for 2.5% 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 Europe, Germany oleochemicals market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,916.0 million by 2030.
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Oleochemicals Market Scope
Oleochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Russia 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 34.6% in 2023. Horizon Databook has segmented the Russia 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 prospects for the Oleochemicals market in Russia are driven by the consumption from industrial manufacturing, personal care & cosmetics, consumer goods, food processing, textile, and paints & ink industries.
Russia imports a significant amount of palm oil from Indonesia and Malaysia for the production of surfactants, detergents, emulsifiers, and polymers. According to the International Trade Centre, in 2022, Russia imported 989,575 tons of palm oil majorly from Indonesia, Malaysia, Netherlands, Sweden and Germany.
According to the International Trade Administration (ITA), U.S. Department of Commerce, the Russian pharmaceutical market has tremendous potential. In 2023, the Russian pharmaceutical market was valued at nearly USD 19.87 billion.
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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 Russia oleochemicals market , including forecasts for subscribers. This country databook contains high-level insights into Russia oleochemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia oleochemicals market size, by product, 2018-2030 (US$M)
Russia Oleochemicals Market Outlook Share, 2023 & 2030 (US$M)
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