South Africa Oleochemicals Market Size & Outlook
South Africa oleochemicals market, 2018-2030 (US$M)
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South Africa oleochemicals market highlights
- The South Africa oleochemicals market generated a revenue of USD 156.1 million in 2023 and is expected to reach USD 189.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 2.8% 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 156.1 million |
| Market revenue in 2030 | USD 189.5 million |
| Growth rate | 2.8% (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, South Africa accounted for 0.6% 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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South Africa 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 33.25% in 2023. Horizon Databook has segmented the South Africa 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.
In South Africa, agro-climatic conditions are favorable for raw material cultivation and the country has witnessed growth in palm oil production in the recent past. Also, the country’s growing focus on biofuel sector is projected to offer new opportunities for oleochemical manufacturers in terms of biofuel feedstock.
Such factors are projected to drive product demand in the country. South Africa personal care & cosmetics industry emerged as one of the prominent factors in driving the Oleochemicals market. This can be attributed to the increasing demand for skincare and haircare products.
In addition, economic growth, average disposable income, growing retail sector, and value consciousness among consumers pertaining to beauty products are projected to positively influence the market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa oleochemicals market , including forecasts for subscribers. This country databook contains high-level insights into South Africa oleochemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa oleochemicals market size, by product, 2018-2030 (US$M)
South Africa Oleochemicals Market Outlook Share, 2023 & 2030 (US$M)
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