The biodiesel industry is expected to be a major source of income for industrial oil producers over the next few years due to reduced environmental impact. In addition, the industrial sectors of emerging countries in the Asia-Pacific region are growing with countries such as China and India, which are industrial centers, due to the chemical, biodiesel, and cosmetic industries.
Palm Division is expected to dominate the industrial oil market during this period
The market for industrial raw materials based on raw materials is divided into soybeans, corn, sunflowers, cottonseeds, rapeseed, palm and others (olive, saffron, copra, peanuts, flaxseed/flaxseed, and grapes). Palm oil is considered a major part of the industrial oil market in 2019. Markets in the Asia-Pacific region grow significantly in Indonesia and Malaysia, accounting for more than 85% of the world’s palm oil. Domestic applications can be exported and used in industries like biofuels, giving them the opportunity to grow from oil producers in these countries.
Class I (light) sector is expected to dominate the industrial oil market during the forecast period
The category I (light) sector is estimated to be the largest sector in the industrial oil market in 2019. The medical and personal care industry and the pharmaceutical industry use industrial oils (lightweight). The world of cosmetics and personal care is growing significantly in countries such as Brazil and China. They are starting production activities for industrial oil producers in the next few years. Find applications in industry and personal care. Includes personal care products and cosmetics, including shampoos, soaps, and sunscreens. The region is expected to be a major source of income for industrial oil producers next year.
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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 fuel for engine engines. Attract users’ attention to cleanliness, cleanliness, and contamination. Biodiesel is produced by producing a variety of oils. In Europe, soybean oil is used for biodiesel production, while US soybeans are grown as biodiesel.
Biodiesel, whether used in pure form or mixed with petroleum gas, significantly reduces emissions due to the fuel flow path being burned. It does not contribute to the increase of carbon dioxide in the atmosphere and minimizes its impact on the home. In developing countries, demand for biodiesel is increasing due to land use rates, favorable agricultural conditions, and reduced employment. In addition, in these countries, the use of biofuel varieties, which are increasing in the use of modern technology and offered at a lower cost than oil, has led to a successful bioenergy transformation.
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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