South Korea Oleochemicals Market Size & Outlook, 2023-2030
South Korea oleochemicals market, 2018-2030 (US$M)
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South Korea oleochemicals market highlights
- The South Korea oleochemicals market generated a revenue of USD 978.5 million in 2023 and is expected to reach USD 1,646.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.7% 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 978.5 million |
| Market revenue in 2030 | USD 1,646.0 million |
| Growth rate | 7.7% (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 Korea accounted for 4.0% 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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South Korea 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 34.27% in 2023. Horizon Databook has segmented the South Korea 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.
Increasing product demand from personal care & cosmetics is expected to boost the product demand in the South Korea over the forecast period. The Oleochemicals are used to produce mild surfactants which are used as emulsifiers and wetting agents in various cosmetic formulations.
The rising demand for premium cosmetics coupled with new beauty trends and innovations among the consumers is projected to drive the product demand in the country.
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Target buyers of South Korea oleochemicals market databook
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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 South Korea oleochemicals market , including forecasts for subscribers. This country databook contains high-level insights into South Korea oleochemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea oleochemicals market size, by product, 2018-2030 (US$M)
South Korea Oleochemicals Market Outlook Share, 2023 & 2030 (US$M)
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