Summary

Oleochemicals are gaining importance in Saudi Arabia due to their eco-friendly and renewable nature. This market includes products derived from natural oils and fats, serving as sustainable alternatives to petrochemical-based chemicals in applications such as personal care, food, and industrial sectors. The COVID-19 pandemic accelerated the adoption of the services in Saudi Arabia as organizations. With a growing need for data protection, businesses sought to secure their data center infrastructure. The crisis highlighted the importance of data center security. Overcoming hurdles associated with ensuring sustainable oleochemical production, maintaining high-quality standards, and integrating these materials into diverse market segments remain significant challenges. Additionally, addressing environmental impact and ensuring consistent performance pose challenges for market growth in Saudi Arabia. Saudi Arabia has stringent environmental regulations to manage and reduce pollution, which impact the oleochemical sector. These regulations require companies to adhere to standards for waste disposal, emissions control, and resource efficiency. Royal Decree No. M/34 is decree addresses the management of hazardous materials and waste, influencing the oleochemical industry's handling and disposal of chemicals. National Industrial Development and Logistics Program (NIDLP) program supports the development of industrial sectors, including oleochemicals, by providing infrastructure, technology, and financial support. Saudi Standards, Metrology, and Quality Organization (SASO) sets quality and safety standards for oleochemical products to ensure they meet both national and international requirements. Compliance with SASO standards is mandatory for market access. A major player in the chemical industry, SABIC (Saudi Basic Industries Corporation) has a strong presence in the oleochemical sector, producing various chemicals and derivatives used in multiple applications. Saudi Aramco known primarily for its oil production, Saudi Aramco is also involved in the oleochemical industry through its subsidiaries and joint ventures, focusing on integrating oil-derived products into chemical applications. Al-Kaabi Group is conglomerate operates in the chemicals sector, including oleochemicals, and is involved in manufacturing and distributing a range of chemical products.

According to the research report, "Saudi Arabia Oleochemical Market Outlook, 2029," published by Bonafide Research, the Saudi Arabia oleochemical market is anticipated to add to more than USD 200 Million by 2024–29. The demand for oleochemicals in consumer markets in Saudi Arabia such as FMCG, pulp and paper, and paints and coatings has increased as government regulations have become stricter and favored the environment and biodegradable chemicals. The application of oleochemicals in soaps has increased as consumer awareness of safer products that are healthier for the skin is growing. Consumers now do not prefer synthetic chemicals as they have realized their side effects. In Saudi Arabia, cosmetic products derived from natural sources have witnessed steady rise in demand since past couple of years. This is mainly attributed to rising inclination of manufacturers and customers towards sustainable chemicals used in the manufacturing of cosmetic and personal care products. From the manufacturers standpoint, natural sources for cosmetics such as oleochemicals are more desirable than petrochemicals. In addition, low cost of oleochemicals due to abundance of raw material is another aspect driving their use in cosmetic production. From the customer point of view, cosmetics from natural sources support enhanced skin health and do not contain carcinogens as compared to traditional petrochemicals used in cosmetic production. In this backdrop, use of oleochemicals such as glycerine in skin care and hair care products is expected to gain high traction as efficient and low risk cosmetic emollients, thickening agents, moisturizers, and conditioners. Oleochemicals are chemical compounds that are naturally extracted from plant and animal oils and can be used as feedstock or additives in a variety of industries. Oleochemicals are used as an alternative to petrochemicals, which are petroleum-based products. Oleochemicals are used in a variety of industries, including personal care, cosmetics, pharmaceuticals and nutraceuticals, coatings, adhesives, food, elastomers and sealants, and household and industrial cleaning.

It dominates the Saudi Arabian oleochemical market, as rapeseed oil has versatile usage and wide applications. Rapeseed oil, also known as canola oil, is rich in monounsaturated fats with a balanced composition of fatty acid chains and is thus suitable for use in industries and as food. Its high oxidative stability, associated with low saturated fat content, makes this oil a preferred choice for producing biodiesel, lubricants, and surfactants. Easy availability and competitive pricing also supplement the dominance of Rapeseed Oil in the market. The segment for Palm Oil and Palm Kernel Oil, on the other hand, is growing fast since these have emerged as a sustainable and economic solution for petrochemical substitutes. Palm Oil and Palm Kernel Oil are extracted from the fruit and kernel of the palm tree, respectively, and are rich in fatty acids that can be used in the production of surfactants, fatty alcohols, and fatty acids. This segment growth can be attributed to the increasing application of palm-based oleochemicals in personal care, home care, and industrial applications. Also, proximity of the Saudi Arabian market to major palm oil-producing countries such as Indonesia and Malaysia ensures uninterrupted supply of raw material thus, boosting the growth of this segment. Coconut Oil forms another key segment in the Saudi Arabian oleochemical market. It is rich in medium-chain fatty acids, particularly lauric acid, making it suitable for manufacturing surfactants, detergents, and personal care products. Soybean Oil, rich in linoleic acid, is used in the manufacture of polyols for polyurethane applications and in the food industry. High in its content of linoleic acid, Sunflower Oil finds an application in the production of fatty acids and other oleochemicals for industrial and food applications.

The Saudi Arabian oleochemical market is dominated by the food and feed segment due to robust demand for edible oils and fats for consumption and animal feed. Increasing population, rising food intake, and a blossoming food processing industry drive this segment's dominance. Oleochemicals such as fatty acids and glycerol are used in the manufacture of emulsifiers, stabilizers, and other food additives, thus boosting this segment's growth. Moreover, the rising demand for aquaculture feed, which contains oleochemical-derived fatty acids, sets the segment in the leading position. The personal care and cosmetics segment is growing at an exponential rate on the back of increased awareness regarding personal grooming, growth in the middle class population, and rise in disposable income. Skincare, haircare, and color cosmetic formulation make use of oleochemicals such as fatty alcohols, fatty acids, and esters. This segment growth can also be explained by the increasing demand for halal and natural personal care products, which is in line with the cultural preferences of the Saudi Arabian market and with the worldwide trend to sustainable and natural ingredients. Soaps and Detergents is another significant segment in the Saudi Arabian oleochemical market. Oleochemicals, particularly fatty acids and methyl esters, find application in the manufacture of soaps, detergents, and surfactants used for household and industrial cleaning purposes. Growing urbanization, hygiene awareness, and population growth act as drivers for this segment. The Rubber and Plastics segment uses oleochemicals, mainly fatty acids and glycerin, as processing aids, plasticizers, and stabilizers in the production of rubber and plastic products. The Coatings and Resins segment uses oleochemicals in the production of alkyd resins and epoxy esters for other coating materials. The Lubricants segment also utilizes oleochemicals in formulating biodegradable lubricants, greases, and metalworking fluids.

The fatty acids segment is in the lead, as it has a wide range of applications within the market and sees high demand from diverse industries. They are carboxylic acids with long aliphatic chains derived from vegetable oils, animal fats, or petrochemicals. They constantly keep hold of an indispensable basic feedstock into the production of soaps, detergents, surfactants lubricants, and other oleochemical derivatives. This dominance can be attributed to the strong demand coming from the soaps and detergents, food and feed, and personal care and cosmetics industries. The Fatty Acid Methyl Ester, abbreviated as FAME, on the other hand, has strong growth emanating from the fast-growing demand going into products like biodiesel and other green products. FAME is prepared through transesterification of vegetable oils or animal fats with methanol. This growth can be taken from the growing awareness between consumers about the use of a sustainable and eco-friendly substitute to be used instead of petroleum fuel and chemicals. Besides, the commitment to cutting down on carbon emissions helps this segment grow in the Saudi Arabian market, which is geographically very near to the major producing countries of vegetable oil. Another major and an important segment of the Saudi Arabian Oleochemical market is the Fatty Alcohols segment. Fatty alcohols are the long chain alcohols that are derived from the fatty acids or petrochemical sources. These are used in the production of surfactants, emulsifiers, and emollients in personal care, cosmetics, and industrial applications. Increased demand for fatty alcohols in the growing personal care and cosmetics industry through the natural and sustainable ingredient arena is boosting its growth. The Fatty Acid Derivatives segment is a huge product zone and includes fatty amines, fatty nitrogen compounds, and other specialty chemicals. These derivatives are used in a wide range of applications, including fabric softeners, corrosion inhibitors, and mining chemicals.



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. Saudi Arabia 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. Saudi Arabia 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. Saudi Arabia Oleochemical Market Segmentations
7.1. Saudi Arabia Oleochemical Market, By Sources
7.1.1. Saudi Arabia Oleochemical Market Size, By Palm oil and palm kernel oil, 2018-2029
7.1.2. Saudi Arabia Oleochemical Market Size, By Coconut oil, 2018-2029
7.1.3. Saudi Arabia Oleochemical Market Size, By Soybean oil, 2018-2029
7.1.4. Saudi Arabia Oleochemical Market Size, By Rapeseed oil, 2018-2029
7.1.5. Saudi Arabia Oleochemical Market Size, By Sunflower oil, 2018-2029
7.1.6. Saudi Arabia Oleochemical Market Size, By Others, 2018-2029
7.2. Saudi Arabia Oleochemical Market, By End-users
7.2.1. Saudi Arabia Oleochemical Market Size, By Personal care and cosmetics, 2018-2029
7.2.2. Saudi Arabia Oleochemical Market Size, By Soaps and detergents, 2018-2029
7.2.3. Saudi Arabia Oleochemical Market Size, By Food and feed, 2018-2029
7.2.4. Saudi Arabia Oleochemical Market Size, By Rubbers and plastics, 2018-2029
7.2.5. Saudi Arabia Oleochemical Market Size, By Coatings and resins, 2018-2029
7.2.6. Saudi Arabia Oleochemical Market Size, By Lubricants, 2018-2029
7.2.7. Saudi Arabia Oleochemical Market Size, By Others, 2018-2029
7.3. Saudi Arabia Oleochemical Market, By Types
7.3.1. Saudi Arabia Oleochemical Market Size, By Fatty acids, 2018-2029
7.3.2. Saudi Arabia Oleochemical Market Size, By Fatty alcohols, 2018-2029
7.3.3. Saudi Arabia Oleochemical Market Size, By Fatty acid derivatives, 2018-2029
7.3.4. Saudi Arabia Oleochemical Market Size, By Fatty acid methyl ester (FAME), 2018-2029
7.4. Saudi Arabia Oleochemical Market, By Region
7.4.1. Saudi Arabia Oleochemical Market Size, By North, 2018-2029
7.4.2. Saudi Arabia Oleochemical Market Size, By East, 2018-2029
7.4.3. Saudi Arabia Oleochemical Market Size, By West, 2018-2029
7.4.4. Saudi Arabia Oleochemical Market Size, By South, 2018-2029
8. Saudi Arabia 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: Saudi Arabia 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 Saudi Arabia Oleochemical Market

List of Tables

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