Analysis of the North American Oleochemicals Market
Oleochemicals are chemicals derived from oils and fats of both plant and animal origin. Common raw materials used in the manufacturing of oleochemicals include animal fat or tallow, soybean oil, palm oil, palm kernel oil, coconut oil, and rapeseed oil in North America. Oleochemicals are mostly consumed in the manufacturer of end-user products. Oleochemicals are used directly or as derivatives. They are used as stabilizers and plasticizers in the plastic industry and are the basic raw material for soaps and detergents; they are also used as a key ingredient in personal care products. Growing demand for bio-based chemicals drives the market growth.
1. Total North American Oleochemicals Market