Brazil and Mexico Oleochemicals Market By Type (Fatty Acid, Fatty Alcohol, Glycerol, and Others); By Application (Pharmaceutical, Cosmetics & Personal Care, Food & Beverage, Soaps & Detergent, and Animal Feed) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030.
Oleochemicals are organic materials, made from triglycerides in animals or vegetables. Such goods are perceived by scientists and consumers as being sustainable, green, organic, healthy, renewable and biodegradable. Oleochemicals are replacing many products based on petroleum, as their properties help create a product that is safer for the environment and can be made from sustainable raw materials.
Brazil and Mexico Oleochemicals Market size was registered at USD XX billion in 2019, and is estimated to reach USD XX billion by 2030, registering a CAGR of XX% from 2020 to 2030. Increasing demand for biodegradable goods and sustainable solutions, and enforcing government legislation to use environmentally friendly products raise oleochemical production.
Brazil and Mexico Oleochemicals Market: Segments
Brazil and Mexico Oleochemicals Market is segmented on the basis of type, application and region.
By type (in %), Brazil and Mexico Oleochemicals Market, 2019
The fatty acid segment is anticipated to register XX% of the market share during the forecasted period.
By type, it is categorized into fatty acid, fatty alcohol, glycerol, and others.
The fatty acid segment dominated the oleochemicals market in Brazil and Mexico in terms of both value and volume, owing to their increased application in the soap and detergent industries. Furthermore, in Mexico and Brazil, pure & midcut fatty alcohols have increasingly been used to manufacture sodium laureth sulfate, linear alkylbenzene sulfonate and sodium lauryl ether sulfate, which are the primary ingredients in various personal care products, such as lotions, shampoos, dishwashing liquids and others.
Brazil and Mexico Oleochemicals Market Dynamics:
Increasing demand for biodegradable goods and fatty acids segment to drive the market demand
Increasing demand for biodegradable goods and sustainable solutions, and enforcing government legislation to use environmentally friendly products raise oleochemical production. In addition, several new applications of oleochemicals, such as biopolymers, biosurfactants and bio lubricants, which have emerged as replacements for petroleum-based products and are expected to offer lucrative growth opportunities for the oleochemicals market in Brazil and Mexico.
Volatile prices of raw materials to hamper the market growth of oleochemicals market
Volatile prices of raw material are expected to act as a restraint in the Brazil and Mexico Oleochemicals Market.
Brazil and Mexico Oleochemicals Market: Regions
In terms of value and volume, Mexico and Brazil accounted for XX% of total market volume share in 2019
Currently, Brazil imports coconut, palm kernel oil, and ricinoleic oil and local producers have increased the production of castor and palm oil plants in the area. The state of Pará offers perfect conditions for palm planting, which is proving beneficial in the development of laundry detergents and personal care products. Increased investment by major players like BASF in Mexico, on the other hand, has been boosting the growth of the Mexican oleochemical market.
Brazil and Mexico Oleochemicals Market: Key players
• IOI Group
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Emery Oleochemicals
• Musim Mas Holdings Pte. Ltd
• Baerlocher GmbH
• Cremer Oleo GmbH & Co. KG
• Materia Hinos S.A.C.I.F
• Wilmar International Ltd
• Other prominent players
Brazil and Mexico Oleochemicals Market report also contains analysis on:
• Brazil and Mexico Oleochemicals Market segments: –
• By type:
o Fatty acid
o Fatty alcohol
• By application:
o Personal care & cosmetics
o Food & beverages
o soap & detergent
o Animal feed
• Brazil and Mexico Oleochemicals Market dynamics
• Brazil and Mexico Oleochemicals Market size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints