Malaysia Oleochemicals Market to be Dominated by Food & Beverage Industry through 2028
Malaysia Oleochemicals Market is expected to grow
in the forecast period 2024-2028 due to the growing demand from the personal care industry.
According to TechSci Research report, “Malaysia Oleochemicals Market-
By Region, Competition Forecast and Opportunities, 2018-2028,” the Malaysia Oleochemicals Market is anticipated to
grow at a substantial rate in the forecast period. A significant factor fueling the growth of Malaysia Oleochemicals Market is increasing demand from the food and
beverage industry as it is produced by chemical and enzymatic reactions of
vegetable oil and animal fat which are sustainable alternatives to
petrochemicals products. Along with this specialty oleochemical
derivatives are utilized in the food processing sector to process frozen foods,
confectionery, and beverages. The food processing sector uses a variety of
product derivatives, such as alcohol ethoxylates sulfates, sucrose esters, and
glycerol esters. With the rise of health-conscious consumers, there has been a
growing demand for natural and organic based products in Malaysia. Moreover,
the growing demand for bio-based and sustainable chemicals owing to the
concerns regarding the detrimental effects of synthetic chemicals on humans and
the environment further enhance the growth of Malaysia Oleochemicals Market.
For instance, KL-Kepong
Oleomas Sdn. Bhd. produces Greenbentin-DE/060 (MB) which is used in washing,
and cleaning.
Furthermore, the market is being further stimulated by increasing demand from
the personal and skin care industry, the pharmaceutical industry, and
government initiatives to promote sustainable eco-friendly products.
However, the prices of these raw materials are subject to significant
fluctuations due to various factors such as weather conditions,
supply and demand, and government policies restraining market growth. Also, the
production of these chemicals comes with environmental and health issues as
Volatile Organic Compounds (VOC) are released during the glycerin processing
and exposure to these VOCs harms human organs, including the throat, eyes, and
nose which further slows down the market growth.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Malaysia Oleochemicals Market”
Malaysia Oleochemicals Market is segmented based on type, application,
region and competitive landscape.
Based on the type, the
market is divided into fatty acids, fatty alcohols, methyl esters, glycerin,
and others. Fatty acids segment is expected to hold the largest market share in
the forecast period. Due to rising demand for bio-based fatty acids from
various end-user industries such as personal care, chemicals, food &
beverages, pharmaceuticals, and others.
Based on the application,
the market is categorized into pharmaceuticals, personal care, food &
beverages, soaps & detergents, polymers, chemicals, and others. Personal
care segment is expected to hold the largest market share in the forecast
period. As oleochemicals
such as fatty acids, glycerin, and fatty alcohol are widely used in the
production of personal care products such as moisturizers, conditioners,
shampoos, and cosmetics.
Major companies operating in the Malaysia Oleochemicals Market are:
- KL-Kepong Oleomas Sdn. Bhd.
- FPG Oleochemicals Sdn Bhd
- IOI Oleochemical Industries
Bhd
- Edenor Technology Sdn Bhd
- Evyap Sabun Malaysia Sdn
Bhd
- Pacific Oleochemicals Sdn
Bhd.
- Southern Acids (M) Berhad
- Natural Oleochemicals Sdn
Bhd
- Suriachem Sdn. Bhd.
- Apical (Malaysia) Sdn Bhd
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“Malaysia Oleochemicals Market has seen significant growth in recent years,
driven by the increasing demand from various sectors, including personal care,
cosmetics, food & beverages, pharmaceuticals, and plastics. Malaysia is
well-known for its palm oil production, which serves as a key raw material for
oleochemical manufacturing due to which the utilization of oleochemicals is increasing as
consumers become more health-conscious and demand for organic and natural
products increases. Moreover, these raw materials have remarkable benefits compared to
petroleum feedstock as these living feedstocks have high efficiency and
productivity which create
huge prospects of market growth during the forecast period” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Malaysia Oleochemicals Market By Type (Fatty Acids, Fatty Alcohols, Methyl
Esters, Glycerin, Other), By Application (Pharmaceutical, Personal Care, Food
& Beverages, Soaps & Detergents, Polymers, Chemicals, Others), By
Region, Competition Forecast & Opportunities, 2018-2028F,” has evaluated the future growth potential of
Malaysia 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 Malaysia
Oleochemicals Market.
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