Table of Contents
New End-user Applications are Expected to Drive the Market
Oleochemicals are derived from natural fats and oils, irrespective of whether they are derived from animal, marine, or vegetable sources. The products manufactured by oleochemical companies in Southeast Asia are mainly basic oleochemicals that include fatty alcohols, fatty acids, methylesters, and glycerin. This research outlines oleochemicals such as fatty acids, fatty alcohol, and refined glycerin in Southeast Asia. The study explores the market dynamics, competitive landscapes, as well as trends in the Southeast Asian market. In this study, quantitative and qualitative analyses were obtained through primary interviews with key industry particiapants as well as secondary research from top quality journals, articles, and other databases.
-Southeast Asia has become the key production centre for oleochemicals due to:-
oRaw material advantages
oShifting consumer preferences favoring vegetable-based products
oLow labor and manufacturing costs
-Countries that are active in the oleochemicals market are mainly Malaysia and Indonesia followed by Thailand and the Philippines.
-In 2013, the revenue of the fatty acid market in Southeast Asia was $ million, with market participants whose total capacity was million MT per annum.
-The revenue of the natural fatty alcohol market in Southeast Asia was $ million in 2013 withmarket participants, whose total capacity was million MT per annum.
-The revenue of the refined glycerin market in Southeast Asia was $ million in 2013 with market participants whose total capacity was million MT per annum.
-New capacities for fatty acids and natural fatty alcohols are expected to be added between 2014 and 2015 to meet the rising demand from markets in China, India, Europe, and the United States.
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