Oleochemicals Industry Overview In 2023, the global oleochemicals market size was valued at an estimated USD 24.42 billion, with projections indicating a growth rate of 7.0% (CAGR) from 2024 to 2030. This positive market outlook is largely attributed to the rising demand for biodegradable products and increasing restrictions on petrochemical-based products. Oleochemicals, which are substances...

The global oleochemicals market, valued at USD 24.42 billion in 2023, is anticipated to grow at a CAGR of 7.0% from 2024 to 2030. This optimistic growth projection is driven by the increasing preference for biodegradable products and regulatory restrictions on petrochemical-based alternatives. Oleochemicals are derived from fats and oils, sourced from plants, animals, or petrochemicals. Their...