Global Oleochemicals Market to Reach 15 mn tons by 2018 owing to Introduction of Modern Applications
Oleochemicals are primarily derived from plant and animal fats. The formation of oleochemical substances including fatty acids, fatty alcohols, glycerols, fatty acid methyl esters, and fatty amines is attained through various enzymatic reactions and chemical reactions. Some of the intermediate chemical substances made from these oleochemicals are alcohol ethoxylates, alcohol, ether sulfates, and alcohol sulfates. The global oleochemicals market is predicted to progress from 13 mn tons in 2010 to 15 mn tons by 2018, expanding at a 6.0% CAGR during the period between 2013 and 2018. By geography, currently, the global oleochemicals market is dominated by Asia Pacific, which is expected to expand at an 8.20% CAGR from 2013 to 2018. In 2011, Asia Pacific accounted for 68% of the global oleochemicals market. In the same year, in terms of capacity, Asia Pacific accounted for 60% of the global oleochemicals market. Browse the full Report of Global Oleochemicals Market :...