Oleo Chemicals Market Share: Revenue Analysis, Company Revenue Share, Global Forecast Till 2030
Market Analysis The global oleochemicals market is eyeing for a voluminous growth at an impressive CAGR over the assessment period (2022-2030). Oleochemicals put merely are chemical compounds that are derived from resources that are bio-based such as animal fats and plant oils. It offers high performance and sustainable alternatives to various petrochemical originated products. With the skyrocketing price of crude oils, manufacturers are switching over from petrochemicals to oleochemicals as sources that are plant-based are affordable. Oleochemicals are widely used in different applications as they are pollution free, has low toxic levels and are biodegradable. It has a huge demand and vast uptake from numerous end-use industries namely personal care, lubricants, coatings, intermediates, soaps and detergents and others. There are numerous factors that is driving the growth of the oleochemicals. These factors according to MRFR (Market Research Future) report include penchant for b...