Press Release

India Oleochemicals Market to Grow with a CAGR of 3.76% through 2029

Growing demand of oleochemicals from paints and coatings industries is expected to drive the India Oleochemicals Market growth in the forecast period, 2025-2029.


According to TechSci Research report, “India Oleochemicals Market- By Region, Competition, Forecast and Opportunities, 2019-2029”, the India Oleochemicals Market stood at USD1.76 billion in 2023 and is anticipated to grow with a CAGR of 3.76% in the forecast period, 2025-2029. The initiatives taken by government based on oleochemicals has led to favorable market conditions for the India Oleochemicals Market. Several factors contribute to the growth of various oleochemicals products.

The government has been actively supporting and providing substantial funding for research and development activities in the oleochemicals sector. These initiatives aim to not only enhance the quality, performance, and sustainability of oleochemical products but also drive technological advancements and foster innovation within the industry. The Indian government, recognizing the importance of sustainable practices, has implemented comprehensive policies and regulations that promote responsible business practices, resource efficiency, waste management, and environmental conservation in the oleochemicals sector. By encouraging the adoption of these practices, the government is actively contributing to the long-term growth and success of the industry while ensuring a positive impact on the environment and society as a whole.


Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "India Oleochemicals Market.”


The increasing demand for oleochemicals in the paints and coatings industry can be attributed to their exceptional performance characteristics. Oleochemicals, including fatty acids, glycerol, and esters, exhibit remarkable emulsifying, stabilizing, and solubilizing properties. These properties facilitate improved pigment dispersion, enhanced viscosity, and overall stability and durability of paint formulations.

Moreover, the use of oleochemicals in paints and coatings offers enhanced adhesion and flexibility, resulting in superior resistance against weathering, cracking, and chipping. This versatility makes them suitable for various applications, such as exterior coatings, wood finishes, automotive paints, and industrial coatings.Furthermore, the growing emphasis on sustainability and adherence to environmental regulations has significantly contributed to the demand for oleochemicals in paints and coatings. With heightened awareness about the adverse effects of volatile organic compounds (VOCs) on human health and the environment, there has been a shift towards low-VOC or zero-VOC formulations. Oleochemicals serve as excellent alternatives to conventional VOC-laden solvents, binders, and additives, enabling manufacturers to comply with stringent regulations and meet the preferences of eco-conscious consumers.

The India Oleochemicals Market is segmented into type, application, regional distribution, and company.

Based on its application, the pharmaceuticals & personal care segment held the largest market share in the forecast period. Its high market share can be attributed to the increasing demand for a wide range of personal care products, including skincare creams, hair care products, sun care products, and oral care products. These chemicals play a crucial role in formulating these personal care and cosmetics items, making them more effective and beneficial for consumers.

Apart from the personal care industry, oleochemicals also find extensive use in various industrial applications. They are widely utilized in oilfield chemicals, pulp and paper chemicals, construction chemicals, lubricant additives, metalworking fluids, agrochemicals, water management chemicals, and rubber processing, among others. The industrial sector greatly relies on specialty oleochemical derivatives, which are in high demand across multiple industries such as construction, rubber processing, metalworking, oilfield, and pulp and paper. This is primarily due to the exceptional physicochemical properties of these derivatives, which make them ideal for producing lubricants and oil additives, thus fulfilling the specific requirements of various industrial processes.

Based on region, West India segment is expected to grow during the forecast period. The region of West India is renowned for its well-developed industrial infrastructure, which encompasses state-of-the-art manufacturing facilities, advanced processing units, and cutting-edge research institutions. This robust foundation has played a pivotal role in facilitating the remarkable growth of the oleochemicals industry in the region. With the establishment of industrial clusters and specialized zones, West India has become a hub for the production and innovation of oleochemicals. Moreover, the concentration of manufacturers, suppliers, research institutions, and industry associations in West India has fostered a supportive and collaborative business ecosystem. This environment promotes collaboration, encourages knowledge sharing, and ensures the availability of essential resources, all of which contribute to the region's continued dominance in the oleochemicals market. The synergy among various stakeholders in West India has propelled the industry to new heights, making it a prime destination for businesses and investors in the field.


Major companies operating in India Oleochemicals Market are:

  • VVF (India) Limited.
  • Godrej Industries Limited
  • 3F Industries Limited.
  • Indo Amines Ltd.
  • Universal Biofuels Limited.
  • Oleochem India Private Limited.


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“Growing application of oleochemicals in various end user industries are key drivers of the oleochemicals market. Growth in competitive landscape and presence of well-established countries in the market who are dedicated to enhance their productivity of oleochemicals with every passing year are anticipated to register an impressive growth to India Oleochemicals Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“India Oleochemicals Market By Type (Fatty Acid Methyl Esters, Fatty Alcohol, Glycerin, Fatty Acid and Others), By Application (Pharmaceuticals & Personal Care, Soap & Detergents, Food & Beverages, Polymers and Others), By Region, By Competition Forecast & Opportunities, 2019-2029”, has evaluated the future growth potential of India Oleochemicals Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Oleochemicals Market.


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