Share
Brazil and Mexico Oleochemicals Market By Type (Fatty Acid, Fatty Alcohol, Glycerol, and Others); By Application (Pharmaceutical, Cosmetics & Personal Care, Food & Beverage, Soaps & Detergent, and Animal Feed) and Region -Analysis of Market Size, Share and Trends for 2014 - 2019 and Forecasts to 2030
Brazil and Mexico Oleochemicals Market size was registered at USD 28.7 billion in 2021 and is estimated to reach USD 48.4 billion by 2031, registering a CAGR of 5.4% from 2021 to 2031.
Oleochemicals are organic materials, made from triglycerides in animals or vegetables. Such goods are perceived by scientists and consumers as being sustainable, green, organic, healthy, renewable, and biodegradable. Oleochemicals are replacing many products based on petroleum, as their properties help create a product that is safer for the environment and can be made from sustainable raw materials. The most widely used raw materials for processing oleochemicals are palm kernel oil, coconut oil, and high erucic rapeseed oil along with animal fat, such as tallow and lard. Brazil's oleochemical industry has been projected to expand dramatically, including fats and other materials that are made from plants and animals. Fatty acids, alcohol, and several plants and animal-derived oleaginous raw materials, such as glycerin, soy, and beef tallow, have high growth potential on the Brazilian oleochemicals market.
Increasing demand for biodegradable goods and sustainable solutions, and enforcing government legislation to use environmentally friendly products raise oleochemical production. Also, fatty acids have a wide range of applications in various industries, including varnishes, detergents, paints, textile chemicals, insecticides, synthetic rubber formulations, and rubber compounding, which fuel the demand for oleochemicals on the Brazilian and Mexican markets. Also, the fatty acid market has expanded in both the regions of Brazil and Mexico as a result of increased fatty alcohol use in surfactant-based industries such as cosmetics, soaps, and detergents and personal care products.
Brazil and Mexico Oleochemicals Market is segmented based on type, application, and region.
By type (in %), Brazil and Mexico Oleochemicals Market, 2019
The fatty acid segment is anticipated to register XX% of the market share during the forecasted period.
By type, it is categorized into fatty acid, fatty alcohol, glycerol, and others.
The fatty acid segment dominated the oleochemicals market in Brazil and Mexico in terms of both value and volume, owing to their increased application in the soap and detergent industries. Furthermore, in Mexico and Brazil, pure & midcut fatty alcohols have increasingly been used to manufacture sodium laureth sulfate, linear alkylbenzene sulfonate, and sodium lauryl ether sulfate, which are the primary ingredients in various personal care products, such as lotions, shampoos, dishwashing liquids, and others.
By application (in %), Brazil and Mexico Oleochemicals Market, 2019
Soap & detergent segment accounted for XX% of the nation’s volume in 2019
Brazil and Mexico Oleochemicals Market is segmented by application into pharmaceutical, cosmetics & personal care, food & beverage, soaps & detergent, and animal feed.
Due to the development of the textile industry, the soap & detergent segment by application holds a dominant position during the forecast period. Increasing penetration of washing machines in Brazil and Mexico is also expected to fuel the demand for soaps and detergents. Increasing awareness of healthcare also boosts demand for soaps and detergents as essential products for sanitizing. As a result, demand for oleochemicals is forecasted to rise, thus supplementing the market growth. The region segment can be further divided into five major types including Eastern and Western Mexico, Southern and Northern Mexico, Eastern and Western Brazil, and Northern and Southern Brazil.
Increasing demand for biodegradable goods and fatty acids segment to drive the market demand
Increasing demand for biodegradable goods and sustainable solutions, and enforcing government legislation to use environmentally friendly products raise oleochemical production. Besides, several new applications of oleochemicals, such as biopolymers, biosurfactants, and bio-lubricants, which have emerged as replacements for petroleum-based products and are expected to offer lucrative growth opportunities for the oleochemicals market in Brazil and Mexico. The market for fatty acids in Brazil and Mexico is expected to see significant growth due to increased demand from the soap and detergent sector. Besides, fatty acids have a wide range of applications in various industries, including varnishes, detergents, paints, textile chemicals, insecticides, synthetic rubber formulations, and rubber compounding, which fuel the demand for oleochemicals on the Brazilian and Mexican markets. Besides, the fatty acid market has expanded in both the regions of Brazil and Mexico as a result of increased fatty alcohol use in surfactant-based industries such as cosmetics, soaps, and detergents and personal care products.
Volatile prices of raw materials to hamper the market growth of the oleochemicals market
Volatile prices of raw materials are expected to act as a restraint in the Brazil and Mexico Oleochemicals Market.
In terms of value and volume, Mexico and Brazil accounted for XX% of the total market volume share in 2019
Currently, Brazil imports coconut, palm kernel oil, and ricinoleic oil and local producers have increased the production of castor and palm oil plants in the area. The state of Pará offers perfect conditions for palm planting, which is proving beneficial in the development of laundry detergents and personal care products. Increased investment by major players like BASF in Mexico, on the other hand, has been boosting the growth of the Mexican oleochemical market. The region segment can be further divided into five major types including Eastern and Western Mexico, Southern and Northern Mexico, Eastern and Western Brazil, and Northern and Southern Brazil.
Some factors that improve the role in the market of the key players within the oleochemicals market have been the diversified applications, greater opportunities, government regulations, and increased demand.
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
