Chemical Industry - Market Research Report

The global oleochemicals market is projected to reach USD 28.6 billion by 2025, according to a new report by Radiant Insights, Inc. The global oleochemicals market is anticipated to be driven by growing biochemical product demand in various consumer applications such as personal care, detergents, and food & beverages. Escalating supply-demand gap along with overcapacity issues especially in the Southeast Asian countries such as Indonesia and Malaysia are expected to hinder oleochemicals market growth over the forecast period. Technological innovations and significant developments in the downstream sectors are expected to create lucrative opportunities for industry participants. Download Free Sample Report @ https://www.radiantinsights.com/research/oleochemicals-market/request-sample Fatty acids were the leading oleochemical product consumed and accounted for over 55% of total market volume in 2016. Increasing penetration of fatty acids in personal care products is expected to...