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Oleochemicals Market Profile | Dynamics and Growth | Forecast To 2025

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anjali varma
Oleochemicals Market Profile | Dynamics and Growth | Forecast To 2025

03 Oct 2018 – Global Oleochemicals Market is expected to reach USD 31.9 billion by 2025. They also comprise those byproducts resulting from the subsequent alteration of the carboxylic acid group of the fatty acids by biological or chemical means. Basic Oleochemicals are glycerol, fatty acids, fatty amines, fatty methyl esters, and fatty alcohols.

It is produced by splitting fats or oils via a trans-esterification/alcoholysis or hydrolysis process. The Market of Oleochemicals is estimated to grow at a significant CAGR of 5.2% over the forecast period as the scope and its applications are rising enormously across the globe.

Rising demand from customers, developing market for green chemicals, growing demand from personal care & pharmaceutical industry, and easy availability of raw materials are documented as major factors of Oleochemicals Market that are estimated to enhance the growth in the years to come.

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anjali varma
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