Oleochemicals Category Overview
Oleochemicals Category Overview The global oleochemicals market size is expected to reach USD 39.08 billion by 2030, expanding at 6.9% CAGR from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly driven by the increasing demand in the global markets for biopolymers. The global oleochemical industry remains robust and is largely dependent on the movement of application markets. Personal care and cosmetics take up a majority share of the market on a global scale due to increasing consumer awareness about the benefits of using personal care products and increased expenditure on cosmetic products. Seeking the opportunity, globally, several multinational brands have emerged with premium cosmetic and personal care products to capture a significant share of the market. Additionally, the fluctuating petrochemical prices are one of the major factors driving the shift in the trend toward sustainable chemicals. Moreover, the consumption of oleochemicals is