UK Oleochemicals Market Size & Outlook, 2023-2030
UK oleochemicals market, 2018-2030 (US$M)
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UK oleochemicals market highlights
- The UK oleochemicals market generated a revenue of USD 1,006.1 million in 2023 and is expected to reach USD 1,599.3 million by 2030.
- The UK market is expected to grow at a CAGR of 6.8% 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 1,006.1 million |
| Market revenue in 2030 | USD 1,599.3 million |
| Growth rate | 6.8% (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, UK accounted for 4.1% 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 Europe, Germany oleochemicals market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,916.0 million by 2030.
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Oleochemicals Market Scope
Oleochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 34.06% in 2023. Horizon Databook has segmented the UK 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.
Higher demand for bio-based products for manufacturing of detergents and personal care product in the UK is estimated to enhance the product demand. The UK oleochemical market is driven by the increased use of detergents and liquid detergents.
Ongoing awareness campaigns operated by the trade associations and UKCPI regarding the product safety and usage of cleaning and hygiene products is anticipated to drive laundry care market over the next few years.
UK Cleaning Products Industry Association is the key factor for the increased use of industrial detergents in the region. The UK consumers are amongst the highest spenders on beauty and personal care; the population consumes cosmetics and toiletries such as shampoo, bath, and shower at a healthy rate which is estimated to positively influence the market over the next few years.
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Our clientele includes a mix of oleochemicals market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK oleochemicals market , including forecasts for subscribers. This country databook contains high-level insights into UK oleochemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK oleochemicals market size, by product, 2018-2030 (US$M)
UK Oleochemicals Market Outlook Share, 2023 & 2030 (US$M)
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