Explore How the Asia-Pacific Oleo Chemical Industry Is All Set to Rule the World

16 Jul
2021

 
6585 Views
 

Oleo chemicals are a type of fatty acid or fatty alcohol that are widely used for manufacturing household and industrial products such as cosmetics, detergent, soap, lotion, pharmaceutical aids, lubricants, greases, paints, fuel, rubber and paper production etc. Oils and fats are the two essential raw materials for the production of oleo chemicals. This special type of fatty acid possesses a specific property such as emollients, which makes it perfect for application in pharmaceutical, cosmetics and other necessary products.

Specialty ester is one of the basic oleo chemical products which is widely used for manufacturing rubber, cosmetics and personal care products. It is also utilized as a lubricant in pharmaceutical applications. Other than that, few more oleo chemical products include glycerol ester, alkoxylates etc. Glycerol is expected to replace the usage of synthetic products such as diethylene, propylene etc. This, in turn, is expected to promote biodiesel production across the world.

Moreover, oleo chemicals are responsible for replacing several petroleum based products. Oleo chemicals are environment friendly and can be produced easily from renewable raw materials. The manufacturing cost of oleo chemicals are comparatively less, which is why, they are highly on demand from several end-use industries. Currently, the Asia-Pacific region, especially South-east Asia, is one of the key manufacturers and consumers of oleo chemicals.

However, in order to stay competitive in the Asia-Pacific oleo chemicals market, all other major players are constantly trying to adopt new strategies, such as new product launch, business expansion, investment, partnership, cooperation, joint venture, and agreement. Likewise, the United States is expanding the pharmaceutical, personal care and cosmetics industries to support the regional market growth of oleo chemicals.

According to a report published by Allied Market Research, the  Asia-Pacific oleo chemicals market size is anticipated to register a significant CAGR from 2021-2028. The major factors that are boosting the oleo chemicals market are rise in population the region, high demand for household products, rising cost of petrochemical products, and easy availability of raw materials etc.

Moreover, in the recent few years, the consumer preferences have slightly shifted toward the usage of renewable, sustainable, bio-degradable and bio-chemical based products in medicines, cosmetics, food and beverages etc., which sequentially, has driven the market along with causing a significant surge in demand for oleo chemicals in various end-use industries. It can be stated that the market value of oleo chemicals is pretty much reliant on its purity, which makes it superior than petrochemicals in more than one way.

Unfortunately, the outbreak of the COVID- 19 pandemic led to the global lockdown, which gave way to several travel restrictions and temporary shutdown of production facilities in almost every industry. In Asia-Pacific oleo chemicals industry, the pandemic has not only impacted the production of oleo chemicals but has also decreased the demand due to the disruptions in the supply chain, unavailability of raw materials on time, losses in automotive and construction industries etc. Nevertheless, the market for oleo chemicals is expected to revive soon as the government bodies in most countries have initiated vaccinations and introduced relaxations on the existing regulations

 
Alex Hillsberg

Alex Hillsberg

Chief editor of review team at FinancesOnline

Chief editor of review team at FinancesOnline Alex Hillsberg is an expert in the area of B2B and SaaS related products. He has worked for several B2B startups in the past and gathered a lot of first hand knowledge about the industry during that time.

 
PREVIOUS POST
 

Bio Succinic Acid: Unleasing Growth for Future

NEXT POST
 

Explore the Industrial Usage of Silicon Carbide Fiber as a Semiconductor

 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 

Related Post

Share on Social Media
 

Twitter Post

Allied Market Research
@Allied_MR

Follow

Get new prospects, business potential with a detailed study on the Deep Sea Mining Equipment & Technologies Market.… https://t.co/Y8T2eP8Wcx

0      0

Allied Market Research
@Allied_MR

Follow

What environmental challenges do "more electric aircraft" had to face during the forecast market growth? Get a sa… https://t.co/MgETwAMITu

0      0

Allied Market Research
@Allied_MR

Follow

Video Analytics Market | Take a leap with an in-depth understanding of key elements and region-wise market analyses… https://t.co/sx8bukAQP4

0      0

Allied Market Research
@Allied_MR

Follow

Which technology holds the largest share in the Insurtech market? Get a sample: https://t.co/God8tcvcoO… https://t.co/K7O9Gwlbb1

3      3

Allied Market Research
@Allied_MR

Follow

Online Video Platform Market | Avail detailed analysis on changing dynamics, competitive scenarios, and key segment… https://t.co/lQb5cuo8XW

1      3