Saudi Arabia Oleochemicals Market Size & Outlook
Saudi Arabia oleochemicals market, 2018-2030 (US$M)
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Saudi Arabia oleochemicals market highlights
- The Saudi Arabia oleochemicals market generated a revenue of USD 197.4 million in 2023 and is expected to reach USD 246.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.2% 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 197.4 million |
| Market revenue in 2030 | USD 246.3 million |
| Growth rate | 3.2% (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, Saudi Arabia accounted for 0.8% 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 Middle East & Africa, Saudi Arabia oleochemicals market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 246.3 million by 2030.
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Oleochemicals Market Scope
Oleochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 35.92% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Industrial lubricant market is expected to boom owing to the introduction of various mega projects taking place in the Kingdom. The influence of the Palm Oil Trade Fair & Seminar (POTS) organized by the Malaysian Palm Oil Council, Jeddah Chamber of Commerce and Industry, and Malaysian Palm Oil Board to focus on trade improvements pertaining to palm oil is projected to bolster the market growth in the country.
End-use industries such as personal care have been driven by a shift in consumer demand for environment-friendly and natural products in the last few years.
To cater to the evolving consumer demand for cosmetics and to meet the regulatory frameworks, personal care manufacturers are expected to adopt bio-based products, which is projected to drive the market over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia oleochemicals market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia oleochemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia oleochemicals market size, by product, 2018-2030 (US$M)
Saudi Arabia Oleochemicals Market Outlook Share, 2023 & 2030 (US$M)
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