Oleyl Alcohol Market by Source (Fish oil, Beef oil, Olive oil), Application (Cosmetics & personal care, Pharmaceutical, Food & beverages, Agrochemicals, Textiles, Surfactants), and Region - Global Forecast to 2030
The oleyl alcohol market is projected to reach USD 1,043.8 million by 2030, at a CAGR of 5.6% from USD 675.0 million in 2022. The demand for oleyl alcohol is anticipated to be driven by various factors such as eco-friendly, pure, and highly effective in terms of performance and quality. It is used as a defoaming agent, cosmetic emollient, plasticizer, rheology modifier, chemical intermediate, and automotive lubricant in numerous industrial applications.
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Market Dynamics
Driver: Increasing incomes, population growth, rapid urbanization, economic growth, and changes in the lifestyle of the consumers to drive the market
Increasing disposable incomes, population growth, rapid urbanization, economic growth, and changes in the lifestyle of the consumers are the factors that drive the Oleyl Alcohol Market positively. These factors catalyze the growth of various downstream industries like pharmaceuticals, paints & coatings, automotive and cosmetic industry which increases the demand for oleyl alcohol market during the forecast period.
Restraints: Fluctuation in prices of raw materials to affect the market
Fluctuation in prices of raw materials, especially natural fatty acids, is likely to dampen the market for oleyl alcohol during the forecast period. However, increasing use of oleyl alcohol in research & development of pharmaceutical formulations for drug delivery is anticipated to provide significant growth opportunities to the global market during the next couple of years.
Opportunities: Changing lifestyles and rising awareness about skincare can drive the growth of market
Various factors such as rising awareness regarding healthy hair and skin among consumers as well as changing lifestyles is expected to boost the demand for personal care products which in turn is anticipated to contribute towards the demand for oleyl alcohol. Focus on commercializing and developing cost-effective bio-based surfactants using oleyl alcohol is anticipated to provide new opportunities for the growth of the market.
“Fish oil were the largest source of Oleyl alcohol market in 2021, in terms of value”
Fish oil dominated the market in 2021. Its high share is attributed to its exceptional benefits such as reducing blood pressure, lowering risks related to heart diseases, helping in increasing good cholesterol levels, and promoting the release of serotonin. The rising awareness among consumers and medical professionals regarding the importance of omega-3 fatty acids has led to an increase in the usage of fish oil, thereby positively influencing the overall market growth.
“Cosmetics and personal care segment were the largest application for oleyl alcohol market in 2021, in terms of value”
The cosmetics and personal care segment dominated the market in 2021. Its high share is attributed to the increasing consumer awareness regarding personal hygiene, along with the growing demand for anti-aging products at a global level. It is found in various products such as eye cream, foundation, hair conditioner, and skin cleansers. The moisturizing and emollient properties of the product also drive its demand in personal care and cosmetic applications.
“Asia Pacific was the largest market for Oleyl alcohol in 2021, in terms of value.”
This is attributed to the increasing demand for bio-based products owing to growing consumer awareness, coupled with stringent regulations. The presence of major manufacturing companies across the region including AkzoNobel, P&G, Croda, and Ashland Inc. is triggering positive industry growth. The product demand in Europe and North America is witnessing stagnant growth on account of its mature end-use industries and comparatively low population. However, the growing utilization of bio-based raw materials instead of petrochemicals is likely to have a positive impact on the industry across the regions. Moreover, the rising consumer awareness regarding the use of natural ingredients and their benefits is favoring the product demand across the personal care and cosmetics industry.
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Key Market Players
The key players in this market are Akzo Nobel N.V. (Netherlands), Ecogreen Oleochemicals (Singapore) Pte Ltd. (Singapore), The Procter & Gamble Company (US), Croda International plc (UK), Stepan Company (US), Sasol Limited (South Africa), The Lubrizol Corporation (US), FPG Oleochemicals Sdn. Bhd. (Malaysia), Henkel AG & Co. KGaA (Germany), and Ashland Global Specialty Chemicals Inc. (US). Continuous developments in the market—including new product launches, mergers & acquisitions, agreements, and expansions—are expected to help the market grow. Leading manufacturers of oleyl alcohol have opted for new product launches to sustain their market position.
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Scope of the Report
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Report Metric |
Details |
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Years considered for the study |
2017-2030 |
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Base Year |
2021 |
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Forecast period |
2022–2030 |
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Units considered |
Volume (Kiloton); Value (USD Million) |
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Segments |
Source, Application, and Region |
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Regions |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
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Companies |
Akzo Nobel N.V. (Netherlands), Ecogreen Oleochemicals (Singapore) Pte Ltd. (Singapore), The Procter & Gamble Company (US), Croda International plc (UK), Stepan Company (US), Sasol Limited (South Africa), The Lubrizol Corporation (US), FPG Oleochemicals Sdn. Bhd. (Malaysia), Henkel AG & Co. KGaA (Germany), and Ashland Global Specialty Chemicals Inc. (US) |
This report categorizes the global oleyl alcohol market based on source, application and region.
On the basis of source, the oleyl alcohol market has been segmented as follows:
- Beef Oil
- Fish Oil
- Olive Oil
- Others
On the basis of application, the oleyl alcohol market has been segmented as follows:
- Food & Beverage
- Textile
- Cosmetics & Personal Care
- Agrochemicals
- Pharmaceutical
- Surfactants
- Others
On the basis of region, the oleyl alcohol market has been segmented as follows:
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- South America
Frequently Asked Questions (FAQ):
What is the expected growth rate of oleyl alcohol market?
The oleyl alcohol market is projected to reach USD 1,043.8 million by 2030, at a CAGR of 5.6% from USD 675.0 million in 2022.
Who are the major key players in oleyl alcohol market?
Akzo Nobel N.V. (Netherlands), Ecogreen Oleochemicals (Singapore) Pte Ltd. (Singapore), The Procter & Gamble Company (US), Croda International plc (UK), Stepan Company (US), Sasol Limited (South Africa), The Lubrizol Corporation (US), FPG Oleochemicals Sdn. Bhd. (Malaysia), Henkel AG & Co. KGaA (Germany), and Ashland Global Specialty Chemicals Inc. (US).
What is the average selling price trend for oleyl alcohol market?
Prices are low in Asian countries (primarily China and India) compared to those in Europe and North America due to the low prices of raw materials and the availability of low-cost workforces in Asia Pacific. .
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Table of content
1 Introduction
1.1 Objective of the study
1.2 Market definition
1.3 Market Scope
1.3.1 Years considered for the study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.2.1 Key data from secondary sources
2.3 Primary Data
2.3.1 Key data from primary sources
2.3.2 Breakdown of Primary Interviews
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Data Triangulation
2.6 Assumptions
2.7 Limitations
3 Executive Summary
4 Premium Insights
4.1 Opportunities in Oleyl alcohol Market
4.2 Oleyl alcohol Market, By Type
4.3 Oleyl alcohol Market, By Application
4.4 Oleyl alcohol Market, By Region
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 Supply Chain Analysis
5.3.1 Raw Material Manufacturing
5.3.2 Manufacturers
5.3.3 Distribution
5.3.4 End-Use Industry
5.4 Porter’s Five Forces Analysis
5.4.1 Threat of New Entrants
5.4.2 Threat of Substitutes
5.4.3 Bargaining Power of Buyers
5.4.4 Bargaining Power of Suppliers
5.4.5 Intensity of Competitive Rivalry
5.5 Average Selling Price
5.6 Regulatory Landscape
5.7 Industry Outlook
6 Oleyl alcohol Market, By Source
6.1 Introduction
6.2 Beef Oil
6.3 Fish Oil
6.4 Olive Oil
6.5 Others
7 Oleyl alcohol Market, By Application
7.1 Introduction
7.2 Food & Beverage
7.3 Textile
7.4 Cosmetics & Personal Care
7.5 Agrochemicals
7.6 Pharmaceutical
7.7 Surfactants
7.8 Others
8 Oleyl alcohol Market, By Region
8.1 Introduction
8.2 Asia Pacific
8.2.1 China
8.2.2 India
8.2.3 Japan
8.2.4 South Korea
8.2.5 Indonesia
8.2.6 Rest of Asia Pacific
8.3 North America
8.3.1 U.S.
8.3.2 Canada
8.3.3 Mexico
8.4 Europe
8.4.1 Germany
8.4.2 France
8.4.3 Italy
8.4.4 U.K.
8.4.5 Spain
8.4.6 Russia
8.4.7 Poland
8.4.8 Rest of Europe
8.5 Middle East & Africa
8.5.1 UAE
8.5.2 Saudi Arabia
8.5.3 South Africa
8.5.4 Rest of Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Argentina
8.6.3 Rest of South America
9 Competitive Landscape
9.1 Introduction
9.2 Market Share Analysis
9.3 Company Evaluation Quadrant
9.4 Competitive Situation & Trends
9.4.1 New Product Launches
9.4.2 Contracts & Agreements
9.4.3 Partnerships & Collaborations
9.4.4 Joint Ventures
9.4.5 Expansions
10 Company Profile
10.1 Akzo Nobel N.V.
10.1.1 Business Overview
10.1.2 Products Offered
10.1.3 Recent Development
10.1.4 MnM View
10.1.4.1 Key Strengths
10.1.4.2 Strategic choices made
10.1.4.3 Threat from competition
10.2 Ecogreen Oleochemicals (Singapore) Pte Ltd.
10.3 The Procter & Gamble Company
10.4 Croda International plc
10.5 Stepan Company
10.6 Sasol Limited
10.7 The Lubrizol Corporation
10.8 FPG Oleochemicals Sdn. Bhd.
10.9 Henkel AG & Co. KGaA
10.10 Ashland Global Specialty Chemicals Inc.
10.11 List of other key market players
11 Appendix
11.1 Insights from Industry Experts
11.2 Discussion Guide
11.3 Related Reports
The study involved four major activities to estimate the size of oleyl alcohol market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, trade directories, certified publications, articles from recognized authors, gold standard and silver standard websites, and databases.
Secondary research has been used to obtain key information about the value chain of the industry, monetary chain of the market, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.
Primary Research
The oleyl alcohol market comprises several stakeholders in the value chain, which include raw material suppliers, manufacturers, distributors, and end users. Various primary sources from the supply and demand sides of the oleyl alcohol market have been interviewed to obtain qualitative and quantitative information.
The primary interviewees from the demand side include key opinion leaders in end-use sectors. The primary sources from the supply side include manufacturers, associations, and institutions involved in the oleyl alcohol industry.
The breakdown of profiles of the primary interviewees is illustrated in the figure below:
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Market Size Estimation
The top-down and bottom-up approaches have been used to estimate and validate the size of the oleyl alcohol market.
- The key players in the industry have been identified through extensive secondary research.
- The supply chain of the industry has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.
Oleyl Alcohol Market: Bottom-Up Approach 1
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Data Triangulation
After arriving at the total market size from the estimation process explained above, the overall market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated by using both the top-down and bottom-up approaches and primary interviews. Hence, for every data segment, there have been three sources—top-down approach, bottom-up approach, and expert interviews. The data was assumed correct when the values arrived from the three sources matched.
Report Objectives
- To define, describe, and forecast the size of the oleyl alcohol market, in terms of value and volume
- To provide detailed information regarding the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
- To estimate and forecast the market size based on source and application
- To forecast the size of the market with respect to major regions, namely, Europe, North America, Asia Pacific, and Middle East & Africa, and South America along with their key countries
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
- To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders
- To track and analyze recent developments such as expansions, new product launches, partnerships & agreements, and acquisitions in the market
- To strategically profile key market players and comprehensively analyze their core competencies2
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
- Regional Analysis
Further breakdown of a region with respect to a particular country or additional application
- Company Information
Detailed analysis and profiles of additional market players
Growth opportunities and latent adjacency in Oleyl Alcohol Market