South Korea Oleyl Alcohol Market Size & Outlook, 2023-2030
South Korea oleyl alcohol market, 2018-2030 (US$M)
Related Markets
South Korea oleyl alcohol market highlights
- The South Korea oleyl alcohol market generated a revenue of USD 36.1 million in 2023 and is expected to reach USD 49.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, beef fat was the largest revenue generating source in 2023.
- Olive Oil is the most lucrative source segment registering the fastest growth during the forecast period.
Oleyl alcohol market data book summary
| Market revenue in 2023 | USD 36.1 million |
| Market revenue in 2030 | USD 49.3 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Beef fat |
| Fastest growing segment | Olive Oil |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Beef Fat, Fish Oil, Olive Oil |
| Key market players worldwide | Akzo Nobel NV, EcoGroup, Procter & Gamble Co, Croda International PLC, Stepan Co, Sasol Ltd, The Lubrizol Corp, Henkel AG & Co KGaA, Ashland Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.5% of the global oleyl alcohol market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China oleyl alcohol market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 92.9 million by 2030.
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Oleyl Alcohol Market Scope
Oleyl Alcohol Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea oleyl alcohol 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 oleyl alcohol market will help companies and investors design strategic landscapes.
Beef fat was the largest segment with a revenue share of 28.81% in 2023. Horizon Databook has segmented the South Korea oleyl alcohol market based on beef fat, fish oil, olive oil covering the revenue growth of each sub-segment from 2018 to 2030.
Surfactant industry is growing in South Korea due to increased usage of surfactants in end-use applications such as personal care and household. The rising awareness of personal care and hygiene has increased the demand for personal care and hygiene-related products.
Oleyl alcohol is used as raw material in manufacturing of personal care and hygiene-related products, a rising demand for personal care and hygiene related products will also see the demand for raw material such oleyl alcohol also rising.
For instance, in October 2022, BASF and Hannong Chemicals announced their joint venture to produce non-ionic surfactants in Asia Pacific. The joint venture ownership was 51% for BASF SE and 49% for Hannong Chemicals. The new company is expected to be located at the Daejuk site in South Korea.
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Target buyers of South Korea oleyl alcohol market databook
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Our clientele includes a mix of oleyl alcohol 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 South Korea oleyl alcohol market , including forecasts for subscribers. This country databook contains high-level insights into South Korea oleyl alcohol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea oleyl alcohol market size, by source, 2018-2030 (US$M)
South Korea Oleyl Alcohol Market Outlook Share, 2023 & 2030 (US$M)
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