Oleochemicals are chemical products, which are derived from animal or vegetable triglycerides. These products are viewed as natural, green, organic, safe, renewable, and biodegradable by scientists and consumers. Palm kernel oil, coconut oil, and high erucic rapeseed oil along with animal fat, such as tallow and lard, are most commonly used raw materials to produce oleochemicals. Brazil’s oleochemical industry, which includes fats and other materials that are made from plants and animals, has been reported to grow significantly. Fatty acids, alcohol, and several oleaginous raw materials of plant and animal origin, such as glycerin, soy, and beef tallow, possess high growth potential in the Brazil oleochemicals market.
Currently, Brazil imports palm, palm kernel oil, and ricinoleic oil, and local producers have been increasing production of castor and palm oil plants in the region. The state of Pará provides ideal conditions for planting palm, which proves to be beneficial in the production of laundry detergents and personal care items. The local cultivation of castor oil plants has been expanding significantly in the state of Bahia. Brazil’s oleochemicals market is expected to grow at a considerable rate in the near future, owing to increase in investments in irrigation, genetic improvements to increase crop productivity, and mechanization of production.
On the other hand, increase in contribution of major key players, such as BASF in Mexico, has been boosting the growth of the Mexican oleochemicals market. In 2018, BASF Mexicana completed its previously announced sale of a portion of its oleochemical surfactants business to Stepan CDMX in Mexico.
Increase in demand for biodegradable products and sustainable solutions and favorable regulations towards the use of eco-friendly products drive the growth of the Brazil and Mexico oleochemicals market. Furthermore, oleochemicals are used in a wide range of applications, and several emerging applications of oleochemicals have been replacing petroleum-based products, which are expected to create substantial growth opportunity for the Brazilian and Mexican players. However, volatile prices of important oils and fats are expected to restrain the growth of the market during the forecast period.
The Brazil and Mexico oleochemicals market is segmented based on type and application. On the basis of type, Brazil and Mexico oleochemicals market is divided into fatty acid, fatty alcohol, glycerol, and others. As per application, it is categorized into pharmaceutical, personal care & cosmetics, food & beverages, home care (soap & detergents), animal feed, and others.
KEY BENEFITS
This report provides an extensive analysis of the current and emerging market trends and dynamics of the Brazil and Mexico oleochemicals market.
An in-depth analysis of Brazil and Mexico is conducted by constructing the market estimations for key segments between 2017 and 2025 to identify the prevailing opportunities.
The report assists to understand the strategies adopted by the companies for market expansion.
This study evaluates the competitive landscape to understand the market scenario across various regions.
An extensive analysis is conducted by following key player positioning and monitoring the top competitors within the market framework.
Key Market Segments:
By type
Fatty acid
Fatty alcohol
Glycerol
Others
By application
Pharmaceutical
Personal care & cosmetics
Food & beverages
Home care (soap & detergents)
Animal feed
Others
By Country
Brazil
Mexico
Currently, Brazil imports palm, palm kernel oil, and ricinoleic oil, and local producers have been increasing production of castor and palm oil plants in the region. The state of Pará provides ideal conditions for planting palm, which proves to be beneficial in the production of laundry detergents and personal care items. The local cultivation of castor oil plants has been expanding significantly in the state of Bahia. Brazil’s oleochemicals market is expected to grow at a considerable rate in the near future, owing to increase in investments in irrigation, genetic improvements to increase crop productivity, and mechanization of production.
On the other hand, increase in contribution of major key players, such as BASF in Mexico, has been boosting the growth of the Mexican oleochemicals market. In 2018, BASF Mexicana completed its previously announced sale of a portion of its oleochemical surfactants business to Stepan CDMX in Mexico.
Increase in demand for biodegradable products and sustainable solutions and favorable regulations towards the use of eco-friendly products drive the growth of the Brazil and Mexico oleochemicals market. Furthermore, oleochemicals are used in a wide range of applications, and several emerging applications of oleochemicals have been replacing petroleum-based products, which are expected to create substantial growth opportunity for the Brazilian and Mexican players. However, volatile prices of important oils and fats are expected to restrain the growth of the market during the forecast period.
The Brazil and Mexico oleochemicals market is segmented based on type and application. On the basis of type, Brazil and Mexico oleochemicals market is divided into fatty acid, fatty alcohol, glycerol, and others. As per application, it is categorized into pharmaceutical, personal care & cosmetics, food & beverages, home care (soap & detergents), animal feed, and others.
KEY BENEFITS
This report provides an extensive analysis of the current and emerging market trends and dynamics of the Brazil and Mexico oleochemicals market.
An in-depth analysis of Brazil and Mexico is conducted by constructing the market estimations for key segments between 2017 and 2025 to identify the prevailing opportunities.
The report assists to understand the strategies adopted by the companies for market expansion.
This study evaluates the competitive landscape to understand the market scenario across various regions.
An extensive analysis is conducted by following key player positioning and monitoring the top competitors within the market framework.
Key Market Segments:
By type
Fatty acid
Fatty alcohol
Glycerol
Others
By application
Pharmaceutical
Personal care & cosmetics
Food & beverages
Home care (soap & detergents)
Animal feed
Others
By Country
Brazil
Mexico
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: BRAZIL AND MEXICO OLEOCHEMICALS MARKET, BY TYPE
CHAPTER 5: BRAZIL AND MEXICO OLEOCHEMICALS MARKET, BY APPLICATION
CHAPTER 6: BRAZIL AND MEXICO OLEOCHEMICALS MARKET, BY COUNTRY
Executive Summary
According to a new report, titled, Brazil and Mexico oleochemicals market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2025, the Brazil and Mexico oleochemicals market was valued at $521.2 million in 2017, and is projected to reach $782.3 million by 2025, growing at a CAGR of 5.2% from 2018 to 2025. The fatty acid segment accounted for more than 48% share of the Brazil and Mexico oleochemicals market in 2017.Oleochemicals are obtained from bio-based resources, such as animal fats and plant oils, to provide sustaible and high-performance altertives to petrochemical-origited products. They are used for production of solvents, lubricants, biodiesel, and bioplastics. As the price of crude oil increases, manufacturers prefer to switch from petrochemicals to oleochemicals, as they are plant-based sources and serve as an economical source. Moreover, oleochemicals are widely preferred in several applications, such as pharmaceutical, food & beverage, soap & detergent, and others, owing to the fact that they are biodegradable, environmental-friendly, and possess low toxicity.
Increase in demand for bio-degradable products and sustaible solutions and implementation of government regulations towards the use of environmentally-friendly products boost the demand for oleochemicals. Furthermore, several new applications of oleochemicals, such as biopolymers, biosurfactants, and biolubricants, which have emerged as substitutes for petroleum-based products, are expected to offer lucrative growth opportunities for the Brazil and Mexico oleochemicals market. However, volatile prices of raw material restrain the growth of the market.
On the basis of type, the market is segmented into fatty acid, fatty alcohol, glycerol, and others. In terms of both value and volume, the fatty acid segment dominated the Brazil and Mexico oleochemicals market in 2017, owing to their increase in application in soap and detergent industries.
By application, the market is segmented into pharmaceutical, cosmetics & persol care, food & beverage, soaps & detergent, and animal feed. In Brazil, the home care segment, which includes soaps and detergents, dominated the market in 2017. However, the persol care & cosmetics segment is projected to be the most attractive market during the forecast period.
Key Findings of the Brazil and Mexico Oleochemicals Market:
The fatty acid segment in the Brazilian oleochemicals market was the highest revenue generator in 2017.
The Mexican fatty alcohol segment is projected to be the most lucrative market during the forecast period.
The home care segment, which includes soaps and detergents, dominated the market in 2017.
In terms of volume, the fatty acid segment generated the maximum revenue for the Brazil and Mexico oleochemicals market in 2017.
Brazil accounted for more than 70% of the market in 2017.
The Brazil and Mexico fatty acid market is predicted to witness major growth, owing to increase in demand from the soap and detergent industry. Moreover, fatty acids have a broad range of applications in several industries, such as varnishes, detergents, paints, textile chemicals, insecticides, synthetic rubber formulations, and rubber compounding, which fuel the demand for oleochemicals in the Brazil and Mexico market. Furthermore, the market for fatty acids has been experiencing growth in both the Brazil and Mexico regions, owing to increase in consumption of fatty alcohols in surfactant-based industries, such as cosmetics, soaps, and detergents, and persol care products. This high consumption for fatty acids by various end-user industries has further elevated the demand for oleochemicals. The major application of oleochemicals has been making soaps and detergents. Lauric acid, which is used to produce sodium lauryl sulfate and compounds, is utilized to make soaps and detergents. Detergent surfactants are a better liquid-form solution used for the cleaning purpose. The surfactants used in detergents are made up of oleo chemicals, sulfurtrioxide, sulfuric acid, and petrochemical solutions. Rise in healthcare awareness boosts the demand for soaps and detergents, as essential sanitizing products. As a result, the demand for oleochemicals is predicted to increase, thereby supplementing the growth of the market.
The companies profiled in this report are IOI Group, BRAIDO, EMERY OLEOCHEMICALS, Musim Mas Holdings Pte. Ltd, Baerlocher GmbH, CREMER OLEO GmbH & Co. KG, MATERIA HNOS S.A.C.I.F, Wilmar Intertiol Ltd, QUIMIC, and Godrej.
Companies Mentioned
- BRAIDO
- Baerlocher GmbH (Baerlocher do Brasil)
- CREMER OLEO GmbH & Co. KG (Peter Cremer do Brasil LTD)
- EMERY OLEOCHEMICALS
- Godrej
- IOI Group
- MATERIA HNOS S.A.C.I.F
- Musim Mas Holdings Pte. Ltd
- QUIMIC (AQIA Qumica Industrial Ltda)
- Wilmar International Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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