Taiwan Oleochemicals Market Size & Outlook, 2023-2030
Taiwan oleochemicals market, 2018-2030 (US$M)
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Taiwan oleochemicals market highlights
- The Taiwan oleochemicals market generated a revenue of USD 302.0 million in 2023 and is expected to reach USD 489.9 million by 2030.
- The Taiwan market is expected to grow at a CAGR of 7.2% 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 302.0 million |
| Market revenue in 2030 | USD 489.9 million |
| Growth rate | 7.2% (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, Taiwan accounted for 1.2% 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 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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Taiwan 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% in 2023. Horizon Databook has segmented the Taiwan 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.
Taiwan, officially known as the Republic of China, is the seventh-largest economy in Asia in terms of purchasing power parity (PPP). According to the World Bank data, in 2023, Taiwan contributed 0.95% to the world economy with GDP worth USD 791.61 billion.
Some of the major industries in the country are electronics, armaments, chemicals, petroleum refining, food processing, automobile, consumer goods, iron & steel, and pharmaceuticals.
The growth of Oleochemicals market in the country is significantly dependent on the growth of end-use industries. For instance, Taiwan’s textile industry has witnessed considerable growth since the past decade. From being import-dependent, the domestic textile industry has transformed to a mass producer of apparel products.
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Our clientele includes a mix of oleochemicals market companies, investment firms, advisory firms & academic institutions.
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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 Taiwan oleochemicals market , including forecasts for subscribers. This country databook contains high-level insights into Taiwan oleochemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Taiwan oleochemicals market size, by product, 2018-2030 (US$M)
Taiwan Oleochemicals Market Outlook Share, 2023 & 2030 (US$M)
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