Rise in demand from the end-user industries and surge in demand for sustainable and biodegradable products drive the growth of the Asia-Pacific oleochemicals market. The soap and detergents segment dominated the market in 2020, contributing to more than one-fifth of the market. The prolonged lockdown resulted in a disrupted supply chain, lack of workforce, and increase in prices of raw materials.
A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
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The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
On the basis of application, the personal care and cosmetics segment is projected to manifest the highest CAGR of 7.5% during the forecast period. However, the soap and detergents segment dominated the market in 2020, contributing to more than one-fifth of the market.
The Asia-pacific oleochemicals market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
Based on country, the market across China held the largest share in 2020, accounting for more than two-fifths of the market. However, the market across Vietnam is estimated to portray the highest CAGR of 8.9% during the forecast period.
Asia-Pacific Oleochemicals Companies Covered Market:- Hancole, Ecogreen Oleochemical, Kao Corporation KLK oleo, IOI Corporation Berhad, P&G Chemicals Sinarmas Cepsa Pte. Ltd., Musim Mas, Unilever Oleochemicals Indonesia, Timur Oleochemicals, Wilmar International Ltd., Emery Oleochemicals, Croda International Plc and Other.
Analysis of COVID-19 impact
The outbreak of the pandemic has had a massive impact on the majority of industries and the Asia-pacific oleochemicals market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Asia-pacific oleochemicals market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.
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