Global Oleic Acid Market, By Source (Plant, Animal), Grade (Food, Pharmaceutical, Kosher, Regular), Application (Emulsifying Agent, Lubricating Agent, Surfactant, Chemical Intermediate, Others), End Use Industries (Food, Cosmetics, Oil and Gas, Rubber, Textile, Pharmaceutical, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Oleic Acid Market
The oleic acid market is expected to witness market growth at a rate of approximately 4.1% in the forecast period of 2021 to 2028. Data Bridge Market Research report on oleic acid market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product from the end user industries is escalating the growth of oleic acid market.
Oleic acid, also known as Omega-9, refers to a colorless or pale yellow, odorless unsaturated fatty acid. The product is known to occur naturally in sources such as animals, vegetable fats and oils. Avocados, palm oil, olive oil, table olives and canola oil among others are the most common vegetable sources of oleic acid. It is extensively used in various applications such as chemical intermediates, lubricants, detergents, emulsifiers and protective coatings, release agents and caulks & sealants, surfactants and epoxy resin esters.
The high demand from end-use industries such as cosmetics and personal care, pharmaceuticals and food among others, acts as one of the major factors driving the growth of oleic acid market. The availability of oleic acid in various grades such as food, kosher, pharmaceutical grade and the abundant availability of oleic acid accelerate the oleic acid market growth. The initiatives taken by the government in the form of regulations that promotes maximum use of bio-based compounds during the manufacturing of products as it is a bio-based compound and rise in demand for cosmetics and personal care products further influence the oleic acid market. Additionally, urbanization and industrialization, increase in cleaning applications, surge in disposable income and expansion of end user industries positively affect the oleic acid market. Furthermore, sustainable development extends profitable opportunities to the oleic acid market players in the forecast period of 2021 to 2028.
On the other hand, the changing climatic conditions affecting availability of natural resources are expected to obstruct the oleic acid market growth. The negative impact of COVID-19 on the manufacturing industries is projected to challenge the oleic acid market in the forecast period of 2021-2028.
This oleic acid market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on oleic acid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Oleic Acid Market Scope and Size
The oleic acid market is segmented on the basis of source, grade, application and end use industries. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of source, the oleic acid market is segmented into plant and animal.
- On the basis of grade, the oleic acid market is segmented into food, pharmaceutical, kosher and regular.
- On the basis of application, the oleic acid market is segmented into emulsifying agent, lubricating agent, surfactant, chemical intermediate and others.
- On the basis of end use industries, the oleic acid market is segmented into food, cosmetics, oil and gas, rubber, textile, pharmaceutical and others.
Global Oleic Acid Market Country Level Analysis
The oleic acid market is analyzed and market size, volume information is provided by country, source, grade, application and end use industries as referenced above.
The countries covered in the global oleic acid market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the oleic acid market due to the high production owing to the large sources of natural raw materials including vegetable oils and fats and growth in personal care, cosmetics, pharmaceutical and food industry within the region. North America is expected to witness significant growth during the forecast period of 2021 to 2028 because of the favorable government regulations regarding sustainability in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Oleic Acid Market Share Analysis
The oleic acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to oleic acid market.
The major players covered in the oleic acid market report are BASF SE, Eastman Chemical Company, Berg + Schmidt, VVF L.L.C., KLK OLEO., Emery Oleochemicals, Wilmar International Ltd, Oleon NV., White Group Public Co., Ltd, Godrej Industries, Akzo Nobel N.V., KRATON CORPORATION, Ashland, Croda International Plc, Colgate-Palmolive Company (India) Limited, Vantage Oleochemicals, Wujiang Jinyu Lanolin Co., Ltd, Ferro Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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