Summary

The oleochemical market in Australia has grown significantly over the last few decades, from a specialist sector to a key component of the country's chemical industry. Australia's vast agricultural basis serves as a solid foundation for the manufacturing of oleochemicals, notably from plant-based sources like palm, soybean, and canola oils. Recent developments in the Australian oleochemical market reflect a shift towards more sustainable and bio-based products, which is being driven by both consumer demand and regulatory pressure. The Australian government has enacted a number of programs to encourage the growth of green businesses, including subsidies for renewable energy and bio-based chemicals. Furthermore, Australia participates in worldwide programs such as the Roundtable on Sustainable Palm Oil (RSPO), which ensures that palm oil used in oleochemical synthesis satisfies high environmental and social criteria. The Australian Competition and Consumer Commission (ACCC) monitors regulatory compliance to ensure that oleochemical goods meet quality and safety requirements. During the pandemic, increased health and hygiene awareness resulted in a boom in demand for oleochemical-containing cleaning goods and personal care items. As a result, the market fluctuated but has essentially recovered as industries adjusted to the new normal and resumed operations.

According to the research report "Australia Oleochemicals Market Overview, 2029," published by Bonafide Research, the Australia oleochemicals market is anticipated to grow at more than 9.12% CAGR from 2024 to 2029. Several main trends have contributed to significant shifts in the Australian oleochemicals sector. One of the most significant developments is the growing demand for sustainable and bio-based products. As consumers and companies prioritise environmental sustainability, there is a growing interest in oleochemicals derived from renewable sources as opposed to petroleum-based compounds. This transition is seen in the increasing popularity of bio-based surfactants, biodegradable polymers, and natural personal care products. Wilmar International, Orica, and Cargill are key players in the Australian oleochemical market. These firms are critical to the manufacture and distribution of oleochemicals, utilising their large networks and resources to meet market demands. Furthermore, major Australian players include Civica and Oleochemical Australia Pty Ltd, who focus on local production and innovation. These significant firms are investing in sustainable practices, technical improvements, and product diversity in order to preserve a competitive advantage and meet changing market demands. Trade exhibitions, industry conferences, and marketing campaigns are critical tools for promoting oleochemical products and increasing brand visibility. Collaborations and partnerships are critical in the Australian oleochemical business for driving innovation and broadening market reach. Companies are increasingly collaborating with academic institutes, technology suppliers, and industry groups to create new products and streamline manufacturing processes.

Palm oil and palm kernel oil are important in Australia's oleochemical industry since they are widely used in a variety of applications. However, the use of palm oil is under criticism due to environmental problems such as deforestation and habitat degradation. In response to these challenges, many Australian businesses are focussing on sourcing sustainable palm oil certified by organisations like the Roundtable on Sustainable Palm Oil (RSPO). Demand for coconut oil has steadily increased, owing to the growing popularity of natural and organic products. Companies such as Australia's Own Coconut Oil and Coco & Co are major players in this area, providing high-quality coconut oil products. The segment is currently expanding due to increased customer demand for natural components. Sunflower oil is another important player in the Australian oleochemical sector, noted for its mild flavour and high smoke point. Consumer preference for healthier cooking oils, as well as the increased use of sunflower oil in food goods, are driving expansion in this market. Marrs Seed and Oil and Sunflower Oil Australia are well-known enterprises in this industry, offering high-quality sunflower oil goods. The demand for natural and health-related products is propelling growth in these sectors. In contrast, environmental concerns have hampered the palm oil segment's growth rate, despite its widespread use. Rapeseed oil is steadily increasing due to its health benefits and use in biodiesel, but soybean oil remains a steady but competitive segment, influenced by market swings and rivalry.

The Australian oleochemical market caters to a wide number of end-use applications, demonstrating its versatility and importance across several industries. Personal care and cosmetics, food and beverage, medicines, industrial applications, and biofuels are some of the most important end uses. Personal care and cosmetics are the most common end uses for oleochemicals in Australia. This market has grown significantly due to rising customer demand for natural and organic products. Australian firms such as Amorepacific and Jurlique are prominent participants in this area, using oleochemicals to improve product performance and align with global clean beauty trends. In Australia, oleochemicals are also used extensively in the food and beverage industry. As consumers place a greater emphasis on natural ingredients and healthier food options, demand for oleochemical-based additives has increased. The market for food-grade oleochemicals is growing as producers use natural solutions to improve product quality and shelf life. The emphasis on biocompatibility and natural components in medications is driving up demand for oleochemical-based alternatives. The industry is expanding as pharmaceutical companies strive to include more natural and sustainable components in their products. The biofuels industry, while historically an important end use for oleochemicals, has faced hurdles in recent years. The drop in this segment can be ascribed to volatile oil prices, competition from other renewable energy sources, and regulatory concerns.

Fatty acids are important in the Australian oleochemical sector because of their versatility and broad variety of applications. Fatty acids are necessary building blocks for the manufacture of a variety of products, including soaps, detergents, cosmetics, and industrial chemicals. Another important component of the Australian oleochemical market is fatty alcohols, which are produced by hydrogenating fatty acids. They are commonly employed in the manufacture of surfactants, emulsifiers, and conditioning agents in personal care products. They are also employed in industrial applications such as the manufacture of lubricants and coatings. Leading firms in this area include Orica and BASF, which provide high-quality fatty alcohols for a variety of uses. Fatty acid derivatives, which include esters, amides, and alcohols, are specialised chemicals made from fatty acids. Advanced manufacturing procedures and a focus on innovation help to enhance fatty acid derivative synthesis in Australia. Civica and Kraton Polymers are well-known in this market, offering specialised solutions to fulfil industry-specific requirements. Fatty Acid Methyl Ester (FAME) is an important component of the Australian oleochemical sector, utilised largely in the manufacturing of biodiesel and as a feedstock for a variety of oleochemical products. While the FAME segment confronts issues like as raw material availability and competition from alternative biofuels, its role in fostering a low-carbon economy and advancing renewable energy goals remains critical.



Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Oleochemical market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Source
• Palm Oil and Palm Kernel Oil
• Coconut Oil
• Soybean Oil
• Rapeseed Oil
• Sunflower Oil
• Other Oil (Animal Fats, Waste and By-Products, Microbial and Emerging Sources)

By End Users
• Personal care and Comestics
• Soaps and detergents
• Food and feed
• Rubber and plastics
• Coatings and Resins
• Lubricants
• Others

By Types
• Fatty acids
• Fatty alcohols
• Fatty acid derivatives
• Fatty acid methyl ester (FAME)

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Oleochemical industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.
Keywords:
Oleochemical, Palm Oil and Palm Kernel Oil, Coconut Oil, Soybean Oil, Rapeseed Oil, Sunflower Oil, Animal Fats, Waste and By-Products, Microbial and Emerging Sources, personal care and comestics, soaps and detergents, food and feed, Rubber and plastics, Coatings and Resins, Lubricants, Fatty acids, Fatty alcohols, Fatty acid derivatives, Fatty acid methyl ester (FAME)

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Table of Contents

Table of Contents

1. Executive Summary
2. Market Structure
2.1. Market Considerate
2.2. Assumptions
2.3. Limitations
2.4. Abbreviations
2.5. Sources
2.6. Definitions
2.7. Geography
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. Australia Macro Economic Indicators
5. Market Dynamics
5.1. Market Drivers & Opportunities
5.2. Market Restraints & Challenges
5.3. Market Trends
5.3.1. XXXX
5.3.2. XXXX
5.3.3. XXXX
5.3.4. XXXX
5.3.5. XXXX
5.4. Covid-19 Effect
5.5. Supply chain Analysis
5.6. Policy & Regulatory Framework
5.7. Industry Experts Views
6. Australia Oleochemical Market Overview
6.1. Market Size By Value
6.2. Market Size and Forecast, By Sources
6.3. Market Size and Forecast, By End-users
6.4. Market Size and Forecast, By Types
6.5. Market Size and Forecast, By Region
7. Australia Oleochemical Market Segmentations
7.1. Australia Oleochemical Market, By Sources
7.1.1. Australia Oleochemical Market Size, By Palm oil and palm kernel oil, 2018-2029
7.1.2. Australia Oleochemical Market Size, By Coconut oil, 2018-2029
7.1.3. Australia Oleochemical Market Size, By Soybean oil, 2018-2029
7.1.4. Australia Oleochemical Market Size, By Rapeseed oil, 2018-2029
7.1.5. Australia Oleochemical Market Size, By Sunflower oil, 2018-2029
7.1.6. Australia Oleochemical Market Size, By Others, 2018-2029
7.2. Australia Oleochemical Market, By End-users
7.2.1. Australia Oleochemical Market Size, By Personal care and cosmetics, 2018-2029
7.2.2. Australia Oleochemical Market Size, By Soaps and detergents, 2018-2029
7.2.3. Australia Oleochemical Market Size, By Food and feed, 2018-2029
7.2.4. Australia Oleochemical Market Size, By Rubbers and plastics, 2018-2029
7.2.5. Australia Oleochemical Market Size, By Coatings and resins, 2018-2029
7.2.6. Australia Oleochemical Market Size, By Lubricants, 2018-2029
7.2.7. Australia Oleochemical Market Size, By Others, 2018-2029
7.3. Australia Oleochemical Market, By Types
7.3.1. Australia Oleochemical Market Size, By Fatty acids, 2018-2029
7.3.2. Australia Oleochemical Market Size, By Fatty alcohols, 2018-2029
7.3.3. Australia Oleochemical Market Size, By Fatty acid derivatives, 2018-2029
7.3.4. Australia Oleochemical Market Size, By Fatty acid methyl ester (FAME), 2018-2029
7.4. Australia Oleochemical Market, By Region
7.4.1. Australia Oleochemical Market Size, By North, 2018-2029
7.4.2. Australia Oleochemical Market Size, By East, 2018-2029
7.4.3. Australia Oleochemical Market Size, By West, 2018-2029
7.4.4. Australia Oleochemical Market Size, By South, 2018-2029
8. Australia Oleochemical Market Opportunity Assessment
8.1. By Sources, 2024 to 2029
8.2. By End-users, 2024 to 2029
8.3. By Types, 2024 to 2029
8.4. By Region, 2024 to 2029
9. Competitive Landscape
9.1. Porter's Five Forces
9.2. Company Profile
9.2.1. Company 1
9.2.1.1. Company Snapshot
9.2.1.2. Company Overview
9.2.1.3. Financial Highlights
9.2.1.4. Geographic Insights
9.2.1.5. Business Segment & Performance
9.2.1.6. Product Portfolio
9.2.1.7. Key Executives
9.2.1.8. Strategic Moves & Developments
9.2.2. Company 2
9.2.3. Company 3
9.2.4. Company 4
9.2.5. Company 5
9.2.6. Company 6
9.2.7. Company 7
9.2.8. Company 8
10. Strategic Recommendations
11. Disclaimer

List of Figures

Figure 1: Australia Oleochemical Market Size By Value (2018, 2023 & 2029F) (in USD Million)
Figure 2 : Market Attractiveness Index, By Sources
Figure 3 : Market Attractiveness Index, By End-users
Figure 4 : Market Attractiveness Index, By Types
Figure 5 : Market Attractiveness Index, By Region
Figure 6 : Porter's Five Forces of Australia Oleochemical Market

List of Tables

Table 1: Influencing Factors for Oleochemical Market, 2023
Table 2: Australia Oleochemical Market Size and Forecast, By Sources (2018 to 2029F) (In USD Million)
Table 3: Australia Oleochemical Market Size and Forecast, By End-users (2018 to 2029F) (In USD Million)
Table 4: Australia Oleochemical Market Size and Forecast, By Types (2018 to 2029F) (In USD Million)
Table 5: Australia Oleochemical Market Size and Forecast, By Region (2018 to 2029F) (In USD Million)
Table 6: Australia Oleochemical Market Size of Palm oil and palm kernel oil (2018 to 2029) in USD Million
Table 7: Oleochemical Market Size of Coconut oil (2018 to 2029) in USD Million
Table 8: Australia Oleochemical Market Size of Soybean oil (2018 to 2029) in USD Million
Table 9: Australia Oleochemical Market Size of Rapeseed oil (2018 to 2029) in USD Million
Table 10: Australia Oleochemical Market Size of Sunflower oil (2018 to 2029) in USD Million
Table 11: Australia Oleochemical Market Size of Others (2018 to 2029) in USD Million
Table 12: Australia Oleochemical Market Size of Personal care and cosmetics (2018 to 2029) in USD Million
Table 13: Australia Oleochemical Market Size of Soaps and detergents (2018 to 2029) in USD Million
Table 14: Australia Oleochemical Market Size of Food and feed (2018 to 2029) in USD Million
Table 15: Australia Oleochemical Market Size of Rubbers and plastics (2018 to 2029) in USD Million
Table 16: Oleochemical Market Size of Coatings and resins (2018 to 2029) in USD Million
Table 17: Australia Oleochemical Market Size of Lubricants (2018 to 2029) in USD Million
Table 18: Australia Oleochemical Market Size of Others (2018 to 2029) in USD Million
Table 19: Australia Oleochemical Market Size of Fatty alcohols (2018 to 2029) in USD Million
Table 20: Australia Oleochemical Market Size of Fatty acid derivatives (2018 to 2029) in USD Million
Table 21: Australia Oleochemical Market Size of Fatty acid methyl ester (FAME) (2018 to 2029) in USD Million
Table 22: Australia Oleochemical Market Size of North (2018 to 2029) in USD Million
Table 23: Australia Oleochemical Market Size of East (2018 to 2029) in USD Million
Table 24: Australia Oleochemical Market Size of West (2018 to 2029) in USD Million
Table 25: Australia Oleochemical Market Size of South (2018 to 2029) in USD Million