In 2012, the Global [URL=https://www.crystalmarketresearch.com/report/oleochemicals-market]Oleochemicals Market[/URL] was evaluated around USD 16.05 billion and is expected to reach approximately USD 33.19 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 7.54% over the forecast period owing declining dependence on petrochemicals is projected to be a key factor fueling the growth during the next few years. Encouraging government regulations concerning financial incentives and tax benefits for bio-based chemical manufacturers are anticipated to impact the market growth positively. Scope of the Report:
The growing demand for bio-diesel might cause a rise in biofuel costs which are frequently affected by alterations in the blending norms and government policies. These factors are projected to stimulate the overall finances of oleochemical-based products that are expected to hamper the growth of the global market during the forecast years.
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The global oleochemicals market is segmented as follows –
By Product
• Fatty acid
• Fatty alcohol
• Glycerol
• Other Products
By Region
• North America
o U.S
o Canada
o Mexico
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o Japan
o China
o Australia
o India
o South Korea
o Rest of Asia Pacific
• Rest of the World
o Brazil
o South Africa
o Saudi Arabia
o United Arab Emirates
o Others
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