U.S. Specialty Oleochemicals Market To Reach $6.55 Billion By 2030

U.S. Specialty Oleochemicals Market Growth & Trends

The U.S. specialty oleochemicals market size is expected to reach USD 6.55 billion by 2030, registering a CAGR of 8.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The shift towards relying on natural chemicals coupled with an increase in the growth of end-use industries such as personal care and pharmaceuticals in the U.S. will increase the oleochemical market growth over the next few years.

Growing demand for biopolymers is expected to have a positive impact on specialty oleochemical market penetration and production. Mounting concerns regarding polymer/plastic biodegradability have prompted manufacturers in the market to shift their focus towards development of bio-based alternatives. Oleochemicals derived from plant-derived feedstock such as linseed, castor and soybean oils are used to develop polyamides, which are commonly used in textile and automotive applications.

Specialty esters held the largest share in 2015 and is estimated to reach USD 1.01 billion by 2025. The specialty esters include product categories such as sorbitan esters, glycol esters, lactate esters, isopropyl palmitate, etc. Owing to its feasible chemical characteristics, glycol esters have witnessed increased demand as emulsifier in soap, shampoos, and other personal care consumables.

Glycerol esters, on the other hand, have been gaining momentum on account of their GRAS (generally recognized as safe) recognition awarded by the U.S. FDA. Glycerol derivatives have been finding numerous applications across the food & beverages and pharmaceutical industry. Increasing biodiesel industry has also influenced its market demand wherein it is available at lower price. Crude glycerol can be used as animal feed over corn, as it is cheaply available.

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U.S. Specialty Oleochemicals Market Report Highlights

• The specialty esters segment dominated the market in 2023 with a share of 24.7%. The market growth is due to the rising adoption of esters instead of petroleum-based chemicals.

• The industrial segment dominated the market in 2023 with a share of 20.9%. The market growth is due to rising demand for sustainable and biodegradable products.

• The fatty acid methyl ester (FAME) segment is expected to grow at a CAGR of 10.3% during the forecast period. The market growth is attributed to the demand for FAME in biodiesel manufacturing.

U.S. Specialty Oleochemicals Market Segmentation

Grand View Research has segmented the U.S. specialty oleochemicals market report based on products, application: 

U.S. Specialty Oleochemicals Product Outlook (Revenue, USD Million, Volume in Kilotons 2018 - 2030)

• Specialty Esters

• Fatty acid Methyl Ester

• Glycerol Esters

• Alkoxylates

• Fatty Amines

• Others

U.S. Specialty Oleochemicals Application Outlook (Revenue, USD Million, Volume in Kilotons 2018 - 2030)

• Personal Care & Cosmetics

• Consumer Goods

• Food Processing

• Textiles

• Paints & Inks

• Industrial

• Healthcare & Pharmaceuticals

• Polymer & Plastic Additives

• Others

List of Key Players in U.S. Specialty Oleochemicals Market

• Vantage Specialty Chemicals

• Emery Oleochemicals

• Evonik Industries AG

• Wilmar International Ltd

• Kao Chemicals

• PT. Ecogreen Oleochemicals

• Cargill, Incorporated.

• Oleon NV

• IOI Oleochemical

• Twin Rivers Technologies, Inc.