Industrial Oils Market Outlook to 2025: Rising Trends of Bio-based Industrial Oil Usage Spurs Lucrative Opportunities
DUBLIN, July 12, 2019 /PRNewswire/ -- The "Industrial Oils Market by Source, Type (Grade I, Grade II, Grade III), End Use (Biofuel, Paints and Coatings, Cosmetics and Personal Care Products, Pharmaceuticals), Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global market for industrial oils is projected to be valued at USD 80.7 billion by 2025. The North American region is projected to grow at the highest CAGR of 5.4% during the forecast period.
The report segments the industrial oils market on the basis of source, type, end use, and region. In terms of insights, this report has focused on various levels of analyses - competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global industrial oils high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
This report includes a study of marketing and development strategies along with the product portfolios of leading companies in the industrial oils market. It includes profiles of leading companies such as 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).
The industrial oils market is projected to grow at a CAGR of 5%, in terms of value
The market is driven by the expansion of the industrial sector in the emerging countries of the Asia-Pacific, South America, and the Middle East & African regions. In the Asia-Pacific region, countries such as China and India are projected to witness significant growth due to the development of industries including paints & coatings, cosmetics & personal care, biofuels, and pharmaceuticals. This is attributed to a consistent rise in the need for sustainable & renewal energy sources driving the demand for biofuels, and thus, the demand for industrial oils. Industrial oils such as sunflower oil are gaining popularity in the cosmetics & personal care industry due to its ease of incorporation in the final product.
This industry is witnessing significant growth in the Asia Pacific region as consumers opt for grooming products in countries such as China, India, Japan, and Australia. South Korea is another country where cosmetics are popular, and their beauty trends have a significant influence on other Asian countries. Thus, the region provides a lucrative opportunity for industrial oils manufacturers.
The palm segment in the industrial oils market is estimated to account for the largest share in 2019
Based on source, the palm segment is estimated to account for the largest share in the industrial oils market in 2019. According to WWF-UK, Indonesia, and Malaysia supply over 85% of the global palm oil. Several local players offer palm oil in these countries. Sari Mas Permai (Indonesia) is one of the leading players that offer palm oil, which finds applications in the cosmetics industry. These palm oil manufacturing countries are projected to provide high growth prospects in the coming years for manufacturers in various industries both at regional and international levels.
The grade I (light) segment in the industrial oils market is estimated to account for the largest share in 2019
Based on type, the grade I (light) segment is estimated to account for the largest share in the industrial oils market in 2019. Grade I (light) industrial oils are used in applications such as cosmetics & personal care and pharmaceuticals. The cosmetics & personal care industry is witnessing significant growth in countries such as Brazil and China. This is projected to create a lucrative opportunity for industrial oil manufacturers in the coming years.
In Europe, the cosmetics industry includes leading players such as Louis Dreyfus Company (Netherlands), A&A Fratelli Parodi Spa (Italy), Soya Mills SA (Greece), and Henry Lamotte Oils GmbH (Germany) offering industrial oils. The region consists of over 500 million cosmetic and personal care product users, which include shampoos, soaps, and sunscreens. The region is also projected to be a major revenue generator for industrial oil manufacturers in the coming years.
The biofuel segment in the industrial oils market is estimated to account for the largest share in 2019
Biofuels are gaining popularity at a global level owing to lower its impact on the environment. China records the highest number of vehicles at a global level. This increase in the number is projected to further add to the problems of environmental pollution. Thus, industrial oil manufacturers are projected to witness an increase in penetration in the country in the coming years.
The Asia-Pacific industrial oils market is projected to witness significant growth
The Asia-Pacific is projected to witness significant growth attributed to the presence of key developing economies such as China, India, and Australia. These countries are witnessing major transformations in the industrial sector, which increases the sales of industrial oils. The region is the potential hub for the growth of the cosmetics & personal care industry as well. In addition, the region consists of the largest producers of palm oil, which include Malaysia and Indonesia. Thus, the Asia-Pacific is projected to be a major revenue pocket for industrial oil manufacturers in the coming years.
Key Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Unit Considered
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Industrial Oils Market
4.2 Industrial Oils Market, By Region, 2019 Vs. 2025
4.3 Industrial Oils Market, By Source, 2019 Vs. 2025
4.4 Industrial Oils Market, By Type, 2019 Vs. 2025 (USD Billion)
4.5 Asia Pacific: Industrial Oils Market, By Source and Country, 2018
4.6 Industrial Oils Market Share, By End Use, 2019 Vs. 2025
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand From the Biodiesel Sector
5.2.1.2 Massive Industrial Growth in Asia Pacific and the Middle East & Africa
5.2.2 Restraints
5.2.2.1 Price Fluctuations of Raw Materials
5.2.2.2 High Capital Investments in Extractions
5.2.3 Opportunities
5.2.3.1 Rising Trends of Bio-Based Industrial Oil Usage
5.2.3.2 Rapid Adoption of Vegetable Oils in Various Industrial Applications
5.2.4 Challenges
5.2.4.1 New Entrants in the Market
5.2.4.2 High Dependence on Oil Imports, Leading to the High Cost of End Products
6 Industry Trends
6.1 Introduction
6.2 Supply Chain Analysis
6.3 Porter's Five Forces
6.4 Patent Analysis
7 Industrial Oils Market, By Source
7.1 Introduction
7.2 Soybean
7.2.1 The Usage of Soybean Oil is Increasing in the Paints Industry Due to Volatile Organic Compounds and Lower Raw Material Costs
7.3 Palm
7.3.1 Palm Oil is Replacing Coconut Oil in Various Applications Due to Its Low Production Costs
7.4 Rapeseed
7.4.1 Increasing Demand for High-Oleic Oils is Projected to Drive the Market for Rapeseed
7.5 Sunflower
7.5.1 Sunflower Oil Helps in Protecting the Cardiovascular, Nervous, and Reproductive Systems of the Human Body
7.6 Corn
7.6.1 With 85% Unsaturated Fatty Acids Content, Corn Oil Finds Diverse Applications in the Cosmetics Industry
7.7 Cottonseed
7.7.1 Cottonseed Oil Contains High Concentrations of Vitamin E, Fatty Acids, and Antioxidants, Which are Ideal for Skincare Products
7.8 Others
7.8.1 The Antioxidant Properties of Olive Oil are Projected to Drive Its Demand in the Cosmetics Industry
8 Industrial Oils Market, By Type
8.1 Introduction
8.2 Grade I (Light)
8.2.1 Booming Cosmetics & Personal Care Industry in the Emerging Asia Pacific Countries
8.3 Grade II (Medium)
8.3.1 Demand From the Biofuels Industry Owing to Environment Concerns
8.4 Grade III (Heavy)
8.4.1 Expansion of the Paints & Coatings Industry in the Emerging Countries
9 Industrial Oils Market, By End Use
9.1 Introduction
9.2 Biofuel
9.2.1 in North America Region Soybean is Used for the Production of Biofuel
9.3 Paints & Coating
9.3.1 Due to Developments in the Construction and Automobile Sectors in Asia Pacific Region the Markey for Paints & Coating is More
9.4 Cosmetics & Personal Care
9.4.1 Increasing Consumer Demand for Eco-Friendly Personal Care Products has Prompted the Plant Based Industrial Oil
9.5 Pharmaceuticals
9.5.1 US Witnesses an Increasing Presence of Key Players in the Pharmaceutical Industry
9.6 Others
9.6.1 in The Asia Pacific, the Expansion of the Industrial Sector is Projected to Drive the Industrial Oils Market
10 Industrial Oils Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 Increased Demand for Industrial Oil in the Biofuels Industry
10.2.2 Canada
10.2.2.1 Increased Demand for Cosmetics & Personal Care Products
10.2.3 Mexico
10.2.3.1 Increasing Demand for Meat and Pork Products in the Country
10.3 Europe
10.3.1 Germany
10.3.1.1 Rising Demand for High-Protein Sunflower Meals to Drive the Industrial Oils Market in Germany
10.3.2 Russia
10.3.2.1 The Country Faces A High Domestic Demand for Industrial Oils Extracted From Sunflower and Cottonseed
10.3.3 Spain
10.3.3.1 High Demand for Biodiesel Fuels to Drive the Demand for Palm Oil in the Country
10.3.4 UK
10.3.4.1 Increasing Demand for Sunflower Oil in the Food Industry to Drive the Growth in the Country
10.3.5 France
10.3.5.1 Growing Demand for Palm Oil in the Food Industry Due to Relatively Affordable Prices and Non-Genetically Engineered Content
10.3.6 Rest of Europe
10.3.6.1 Canola Oils Offered at Affordable Prices are Replacing Other Oils in Australia
10.4 Asia Pacific
10.4.1 China
10.4.1.1 Cost-Effectiveness of Rapeseed Oil Drives Its Demand in China's Vegetable Oil Industry
10.4.2 India
10.4.2.1 High Demand for Vegetable Oil-Based Products in the Country is Driving the Market for Industrial Oils
10.4.3 Japan
10.4.3.1 The High Cost Associated With Soybean has Led to an Increase in the Consumption of Rapeseed and Palm Oils
10.4.4 Australia & New Zealand
10.4.4.1 Canola Oils Offered at Affordable Prices are Replacing Other Oils in Australia
10.4.5 Rest of Asia Pacific
10.4.5.1 The Favorable Climatic Conditions Support the Production of Palm in Indonesia and Malaysia
10.5 RoW
10.5.1 South America
10.5.1.1 The High Growth in the Biodiesel Industry Also Increases the Sales of Industrial Oils in the South America Region.
10.5.2 Middle East & Africa
10.5.2.1 The Warm and Dry Climatic Conditions of the African Region is Favorable for the Cultivation of Raw Material of Industrial Oils.
11 Competitive Landscape
11.1 Overview
11.2 Competitive Leadership Mapping (Overall Market)
11.2.1 Terminology/Nomenclature
11.2.1.1 Visionary Leaders
11.2.1.2 Innovators
11.2.1.3 Dynamic Differentiators
11.2.1.4 Emerging Companies
11.3 Ranking of Key Players, 2018
11.3.1 New Product Launches
11.3.2 Expansions
11.3.3 Agreements & Joint Ventures
12 Company Profiles
12.1 Cargill
12.2 Bunge Limited
12.3 Wilmar International
12.4 Louis Dreyfus Company
12.5 Archer Daniels Midland
12.6 Buhler Group
12.7 CHS Inc.
12.8 AG Processing Inc
12.9 A&A Fratelli Parodi S.p.A.
12.10 Gemtek Products
12.11 AAK Kamani Private Limited
12.12 Soya Mills S.A.
For more information about this report visit https://www.researchandmarkets.com/r/hj24kr
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