Global oleochemical market estimated at more than 13 million tons in 2010, forecast to grow at CAGR of 6% from 2013-2018, reach 15 million tons by 2018, according to report; Asia-Pacific region fastest growing oleochemical market with CAGR of 8.2%
ALBANY, New York
October 24, 2012
According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com)" Global Oleochemicals Market (Glycerine, Fatty Acids, Fatty Alcohols), Downstream Application Potential, 2010 - 2018", the global market for oleochemicals was estimated to be over 13 million tons in 2010 which is expected to reach 15 million tons by 2018, growing at a CAGR of around 6.0% from 2013 to 2018. Asia Pacific is the fastest growing market for oleochemicals, growing at a CAGR of 8.2% from 2013 to 2018.
Browse the full report athttp://www.transparencymarketresearch.com/global-oleochemicals-market.html
The global market for Oleochemicals was led by Asia Pacific market sharing approximately 68% of the global market in 2011. Asia Pacific also accounted for over 60% of the global capacity for oleochemicals in 2011. Europe was the second largest market with 18% of the global market for the same year.
Oleochemicals are widely used in many industries including soaps and detergents, plastics, rubber, lubricants, paper, paints, coatings and personal care. Personal care and soap & detergents account for the largest segment, whereas food and beverages segment is the fastest growing segment, growing at a CAGR of 6.9% from 2013 to 2018.