Here’s another preview of the incoming ICIS World Oleochemicals Conference in Berlin on October 20-21.
Consulting firm Frost & Sullivan, who will present at the conference, recently put out a study about the Southeast Asian oleochemicals market and how this market is expected to expand downstream activities from the basic fatty acid and fatty alcohol to meet demand from the Asian consumer market (food, beverage, cosmetics, personal care, pharma).
Rising consumption in India and China are also expected drivers for Southeast Asian oleochemicals growth.
Frost & Sullivan estimates the fatty acid segment revenues reached $1.85bn last year and is expected to reach $2.51bn in 2015. The fatty alcohol segment reached $652.4mn in 2008, expected to reach $712.6mn in 2015, and refined glycerin market earned $162.9mn in 2008 and is expected to reach $190.7mn in 2015 due to the growing demand from new applications.