UAE Oleochemicals Market Size & Outlook, 2023-2030
UAE oleochemicals market, 2018-2030 (US$M)
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UAE oleochemicals market highlights
- The UAE oleochemicals market generated a revenue of USD 176.4 million in 2023 and is expected to reach USD 215.5 million by 2030.
- The UAE market is expected to grow at a CAGR of 2.9% 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 176.4 million |
| Market revenue in 2030 | USD 215.5 million |
| Growth rate | 2.9% (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, UAE accounted for 0.7% 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 |
|---|
UAE 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 35.77% in 2023. Horizon Databook has segmented the UAE 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 rising demand for luxury cosmetics led by increasing consumer inclination toward aesthetics is projected to drive the product demand in the country. This growth is further prompted by internet penetration and rising smartphone usage in the UAE.
In the UAE, the demand for oleochemicals from soap, cleaning products, and cosmetics & personal care industries is expected to increase steadily.
Expanding cleaning products industry is projected to boost the demand for surfactants and wetting agents, which are produced from oleochemicals, thus, driving the market over the forecast period.
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Target buyers of UAE 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE oleochemicals market , including forecasts for subscribers. This country databook contains high-level insights into UAE oleochemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE oleochemicals market size, by product, 2018-2030 (US$M)
UAE Oleochemicals Market Outlook Share, 2023 & 2030 (US$M)
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