The bio-diesel industry is expected to be a major revenue earner for industrial oil producers in the coming years due to its reduced environmental impact. In addition, the industrial sector in emerging countries in the Asia Pacific region is growing with countries such as China and India, which are industrial centers, due to chemical, biodiesel, and the cosmetics industry.
The palm division is expected to dominate the industrial oil market during the period
The industrial raw materials market, based on sources, is divided into soy, corn, sunflower, cottonseed, rapeseed, palm and others (olives, saffron, copra, groundnut, linseed/flaxseed, and grapes). Palm oil is considered to be a major segment of the industrial oil market in 2019. The markets in the Asia Pacific region have witnessed significant growth in Indonesia and Malaysia, contributing more than 85 % of palm oil worldwide. It offers the opportunity to grow it from the oil manufacturers in these countries as they can export and use domestic applications in industries such as biofuel.
The Class I (lightweight) segment is expected to dominate the industrial oil market during the forecast period
The category I (light) segment is estimated to be the largest segment of the industrial oil market in 2019. The healthcare and personal care industry and the pharmaceutical industry use industrial oil (light). The cosmetics & personal care world is witnessing significant growth in countries such as Brazil and China. They are launching productive activities for industrial oil producers in the coming years. who find application in the industry and personal care. Includes personal care products and cosmetics including shampoos, soaps, and sunscreens. The region is expected to be a major revenue generator for next year’s industrial oil producers.
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Key Market Segments:
Key Market Players:
Key players in global industrial oils market include Cargill (US), Bunge Limited (Netherlands), Wilmar International (Singapore), Louis Dreyfus Company B.V. (Netherlands), Archer Daniels Midland (ADM) (US), Buhler Group (Switzerland), CHS Inc. (US), Ag Processing Inc (US), A&A Fratelli Parodi Spa (Italy), Gemtek Products (US), AAK Kamani (India), and Soya Mills SA (Greece). These companies have undertaken expansions as one of the key strategies to expand their presence in this market.
On the basis of source:
- Soybean
- Corn
- Sunflower
- Cottonseed
- Rapeseed
- Palm
- Others (Olive, Safflower, Copra, Groundnut, Linseed/Flaxseed, and Grape Seed)
On the basis of type:
- Grade I (Light)
- Grade II (Medium)
- Grade III (Heavy)
On the basis of end-use:
- Biofuel
- Paints & coatings
- Cosmetics & personal care
- Pharmaceuticals
- Others (Polymers, thermal, rubbers, agriculture, fillers, adhesives, and chemicals)
On the basis of region:
- North America
- Europe
- Asia Pacific
- Rest of World (RoW)
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The growing demand from the biodiesel sector is aiming to bring the Asia Pacific Industrial Oil Market to the fore
Biodiesel is used as a fuel for engine engines. It captures the attention of the user due to its cleanliness, cleanliness, and pollution. Biodiesel is produced by the production of various oils. In the European region, soybean oil is used for biodiesel production, whereas in the US soybeans are grown biodiesel.
Biodiesel significantly reduces the emission rate due to the fuel oil being burned, whether used in pure form or mixed with petroleum gas. It is not a contributor to the rising levels of carbon dioxide in the atmosphere and it minimizes the impact on the home. In developing countries, biodiesel demand is increasing due to land availability, favorable agricultural conditions, and declining employment. In addition, in these countries, there has been an increase in the use of modern technologies and successful bioenergy conversion to the use of biofuel varieties, which are offered at a cheaper cost than petroleum.
Table of Content:
Chapter 1 Global Industrial Oils Market Overview
Chapter 2 Global Economic Impact on Industrial Oils Industry
Chapter 3 Global Industrial Oils Market Competition by Manufacturers
Chapter 4 Global Industrial Oils Production, Revenue (Value) by Region (2012-2018)
Chapter 5 Global Industrial Oils Supply (Production), Consumption, Export, Import by Regions (2012-2018)
Chapter 6 Global Industrial Oils Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Industrial Oils Market Analysis by Application
Chapter 8 Industrial Oils Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Industrial Oils Market Forecast (2018-2023)
Chapter 13 Appendix
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