Market Synopsis:
As per our Analysis, some of the prominent market factors and trends identified in the Global Oleochemicals Market include rapid use of soaps & detergent products owing to supplement the expanding global population, rising demand for Oleochemicals in food & beverage industry, and demand for cosmetic products due to increased consumer spending in developed economies of Europe and North America. Moreover, demand for Oleochemicals is predicted to witness a significant growth over the assessment period due to the demand for lubricants in the automobile industry. Rising pharmaceutical production across the globe is anticipated to be an important driver for Oleochemicals Market during the review period. Increasing automobile production and sales along with rising consumption of lubricants is estimated to fuel the growth of the market. Furthermore, rapid urbanization coupled with increasing disposable income in the emerging economies is predicted to propel the growth of the Oleochemicals Market during the assessment period, 2017 to 2023. Furthermore, due to its green image, constant growth of raw material, minor toxicity and better dermatological compatibility is anticipated to drive the market.
Oleochemicals is a chemical compound with chemical formula NH4NO3, commonly utilized in explosives and fertilizers. Moreover, a commercial grade of Oleochemicals exhibits 33.5% nitrogen, all forms of which can be utilized by plants. In addition, it is widely utilized to change the explosion rate of different explosives for instance nitroglycerin in the form ammonia dynamites, or in ammonals as an oxidizing agent is considered as one of the main component of ANFO (Oleochemicals fuel oil) an explosive which is widely utilized in many countries. Application of Oleochemicals is widely utilized in end use industries such as construction, mining, quarry, agriculture, and others.

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Regional Analysis:
The Global Oleochemicals Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Among these, Asia Pacific has emerged as the leading market region for Oleochemicals followed by North America and Europe. North American Oleochemicals Market is predicted to witness a tremendous growth on account of high consumption potential, increasing production capacities, and rising economic growth rate. In North American region, the U.S. is predicted to be the major contributor in the regional growth of Oleochemicals Market and is expected to see a significant demand for Oleochemicals during the forecast period, 2017 to 2023.

Market Categorization:
The Global Oleochemicals Market is categorized on the basis of type, application, and region. On the basis of type, the market is bifurcated into fatty acids, fatty alcohols, methyl ester, glycerol and others. On the basis of application, the Oleochemicals market is categorized into soaps & detergents, intermediates, plastics, coatings, lubricants, rubber, personal care, and others. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Top Global Players:
Some of the prominent players operating in the Global Oleochemicals Market are, Procter & Gamble (U.S.), Eastman Chemical Company (U.S.), BASF SE (Germany), Willmar International Ltd. (Singapore), Cargill, Incorporated (U.S.), Evonik Industries AG (Germany), Godrej Industries Ltd. (India), PTT Global Chemical Public Company Limited (Thailand), Arizona Chemical Company, LLC (U.S.), and Emery Oleochemicals (U.S.) among others.

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