Allied Market Research published a new report, titled, “Asia-Pacific Oleochemicals Market by Type (Fatty Acids, Fatty Alcohol, Glycerol, and Others) and Application (Pharmaceutical, Personal Care & Cosmetics, Food & Beverages, Soap & Detergents, Polymers, and Others): Opportunity Analysis and Industry Forecast, 2021-2028″ The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
Rise in demand from the end-user industries and surge in demand for sustainable and biodegradable products drive the growth of the Asia-Pacific oleochemicals market. However, fluctuation in the price of raw materials hinders market growth. On the contrary, surge in awareness regarding harmful chemicals in personal care products is expected to open lucrative opportunities in the coming years.
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This makes it important to understand the practical implications of the Asia-Pacific oleochemicals market. To gain a competitive advantage, the players must have something unique. By tapping into the untapped market segment, they can establish a relevant point of differentiation, and this report offers an extension analysis of untapped segments to benefit the market players and new entrants to gain the market share.
The personal care and cosmetics segment is projected to manifest the highest CAGR of 7.5% during the forecast period. However, the soap and detergents segment dominated the market in 2020, contributing to more than one-fifth of the market.
The market across China held the largest share in 2020, accounting for more than two-fifths of the market. However, the market across Vietnam is estimated to portray the highest CAGR of 8.9% during the forecast period.
KEY MARKET PLAYERS:
The report provides the SWOT analysis of the key market players Oleochemical, Hancole, IOI Corporation Berhad, Kao Corporation KLK oleo, Musim Mas, P&G Chemicals Sinarmas Cepsa Pte. Ltd., Timur Oleochemicals, Unilever Oleochemicals Indonesia, Emery Oleochemicals, Wilmar International Ltd., Oleon NV, Croda International Plc. which gives the business overview, financial analysis, and portfolio analysis of products and services. The latest news related to industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures, collaborations, product launches, market expansions etc. are included in the report for the better understanding of the stakeholders in framing strategic decisions to gain long term profitability and market share.
NEED FOR THE REPORT:
The current situation of pandemic makes it very important for the stakeholders in the Asia-Pacific oleochemicals market to understand the market deeply, which will help them in taking sound decisions, to gain the competitive advantage. By exploring the unexplored areas of market, the key players can surely gain a larger market share.
As per the report published by Allied Market Research, the global Asia-Pacific oleochemicals market was pegged at $14.8 billion in 2020, and is expected to reach $26.5 billion by 2028, growing at a CAGR of 6.5% from 2021 to 2028.
KEY OFFERINGS OF THE REPORT:
- Key drivers & Opportunities: An extensive analysis on key factors and opportunities available in different segments for strategizing.
- Current trends & forecasts: A comprehensive analysis on latest trends, and forecasts for next few years to frame strategic decisions as a next step.
- Segmental analysis: An extensive analysis of each segment and driving factors such as revenue and growth rate is offered.
- Regional Analysis: A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity.
- Competitive Landscape: Useful insights on each of the leading market players for outlining competitive scenario and related strategies have been offered in the report.
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