Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the South East Asia Oleochemicals Market, The South East Asia Oleochemicals Market is projected to grow at a CAGR of around 3.38% during the forecast period, i.e., 2022-27. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight sustainable materials, rising demand for luxury customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the South East Asia Oleochemicals Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook Forecasts:

• Forecast Period: 2022-2027
• CAGR (2022-2027): 3.38%

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South East Asia Oleochemicals Market Segmentation Breakdown:

The South East Asia Oleochemicals Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

• By Type
  • Fatty Acids
  • Fatty Acid Methyl Esters (Biodiesel)
  • Fatty Alcohol
  • Isostearic Stearic Acids
  • Others (Fatty Amines, Glycerol)
• By End Users
  • Chemicals (Surfactants, Lubricants, Coatings, Resins, etc.)
  • Food Beverage (Human Animal Nutrition)
  • Personal Care Cosmetics
  • Home Care (Soaps, Detergents, etc.)
  • Rubber Plastics
  • Textiles
  • Pharmaceuticals
  • Others (EOR, etc.)
• By Country
  • Malaysia
  • Singapore
  • Thailand
  • Vietnam
  • Indonesia
  • Rest of SEA

Key Drivers: Surging Demand for Bio-based Chemicals to Replace Petrochemicals

The inclination towards green, eco-friendly products has surged the demand for oleochemicals in various industries for the manufacturing of routinely used products. The key industries following the trend are homecare, healthcare, chemicals, etc. Moreover, bio-based ingredients are non-toxic, and thus non-harmful for the human skin, which has given the rise in demand for the oleochemicals in soaps, detergents, floor cleaners, etc. Further, Thailand Indonesia have been the fastest-growing region for the application of bio-based chemicals for bio-based soaps detergents.

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A Comprehensive Analysis of Leading Companies in South East Asia Oleochemicals Market

• Croda International PLC
• Philippine International Development, Inc.
• Cargill
• Kao Chemicals
• KLK OLEO
• Evonik
• Emery Oleochemicals Asia Sdn. Bhd.
• Wilmar International
• Corbion NV
• Others

Possible Restraint: Fluctuating Feedstock Prices Leads to Volatility in Oleochemicals Prices

The feedstock for oleochemicals is palm oil, soybean oil, castor oil, etc. Even though the region has abundant palm oil farming, the prices of palm oil had been volatile in the region, driven by geopolitical events. Further, in line with the recent event of the Russia-Ukraine war, a major supply hit has been experienced by the oleochemicals manufacturers. Moreover, to curb the impact of the unprecedented event, the government of Indonesia has implemented a new law to limit exports by palm oil suppliers in order to satiate the domestic demand. However, the high demand low supply of palm oil in other countries of the region has resulted in volatile prices, affecting the procurement prices of palm oil by the oleochemical companies.

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