Industrial Oils Market

Industrial Oils Market by Source (Soybean, Rapeseed, Sunflower, Cottonseed, Corn, Palm), 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 Code : FB 7206
Published ON : Jul, 2019
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Report Code: FB 7206 Jul, 2019, by marketsandmarkets.com

[142 Pages Report] The industrial oils market is estimated to account for a value of USD 60.2 billion in 2019 and is projected to grow at a CAGR of 5.0% from 2019, to reach a value of USD 80.7 billion by 2025. The biodiesel industry is projected to be a major revenue generator for industrial oils manufacturers in the coming years due to its reduced environmental impact. In addition, the industrial sector in the emerging countries of the Asia Pacific region is growing with countries such as China and India, which are the hub of industrial oils, due to the expanding chemical, biodiesel, and cosmetics industries.

Industrial Oils Market

The palm segment is projected to dominate the industrial oils market during the forecast period.

The industrial oil market, on the basis of source, is segmented into soybean, corn, sunflower, cottonseed, rapeseed, palm, and others (olive, safflower, copra, groundnut, linseed/flaxseed, and grape seed). The palm segment is estimated to account for the largest share in the industrial oils market in 2019. The market in the Asia Pacific region witnesses high growth in Indonesia and Malaysia, which supply over 85% of the global palm oil. This offers growth opportunities to palm oil manufacturers in these countries as they can export as well as utilize for domestic usage in industries such as biofuels.

The grade I (light) segment is projected to dominate the industrial oils market during the forecast period.

The grade I (light) segment is estimated to account for the largest share in the industrial oils market in 2019. The cosmetics & personal care and pharmaceutical industries utilize grade I (light) industrial oil. The cosmetics & personal care industry is witnessing significant growth in countries such as Brazil and China. This is projected to create lucrative opportunities for industrial oil manufacturers in the coming years. In Europe, the cosmetics industry include 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 that find applications in the cosmetics & personal care industry. These include cosmetics & personal care products include shampoos, soaps, and sunscreens. The region is also projected to be a major revenue generator for industrial oil manufacturers in the coming years.

Industrial Oils Market

Increasing demand from the biodiesel sector is projected to drive the industrial oils market in the Asia Pacific

Biodiesel is used as an alternative fuel for diesel engines. It attracts the attention of the users due to its renewability, purity, and low exhaust pollution. Biodiesel is produced from a variety of oilseeds. In the European region, rapeseed oil is mainly used for the production of biodiesel, whereas in the US, soybeans are dominant biodiesel feedstock.

Biodiesel has significantly lower emission levels than petroleum-based diesel when it is burned, whether used in its pure form or blended with petroleum diesel. It does not contribute to a net rise in the level of carbon dioxide in the atmosphere and also minimizes the intensity of greenhouse effects. In developing countries, the demand for biodiesel is increasing due to the higher availability of land, favorable climatic conditions for agriculture, and lower labor costs. In addition, in these countries, there is a growing trend of adopting modern technologies and efficient bioenergy conversion using a range of biofuels, which are provided at affordable prices than fossil fuels.

Key Market Players

Key players in global industrial oils market include 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). These companies have undertaken expansions as one of the key strategies to expand their presence in the industrial oils market.

Recent Developments

  • In September 2018, Louis Dreyfus Company set up a new oilseeds processing plant in Tianjin Free Trade Zone (China). The expansion aims at increasing the company’s production capacity for soybean meal, crude soybean oil, and refined vegetable oil.

Key questions addressed by the report

  • What are the new product areas for industrial oils that the companies are exploring?
  • Which are the key players in the industrial oils market and how intense is the competition?
  • What kind of competitors and stakeholders would industrial oils companies be interested in? What will be their go-to-market strategy for this market, and which emerging market will be of significant interest? 
  • How are the current R&D activities and M&A’s in the industrial oils market projected to create a disrupting environment in the coming years?
  • What will be the level of impact on the revenues of stakeholders due to the benefits of industrial oils compared to different stakeholders, in terms of, rising revenue, environmental regulatory compliance, and sustainable profits for the suppliers?  

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 15)
    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 (Page No. - 19)
    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 (Page No. - 26)

4 Premium Insights (Page No. - 30)
    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 (Page No. - 34)
    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 (Page No. - 41)
    6.1 Introduction
    6.2 Supply Chain Analysis
    6.3 Porter’s Five Forces
    6.4 Patent Analysis

7 Industrial Oils Market, By Source (Page No. - 45)
    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 (Page No. - 61)
    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 (Page No. - 67)
    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 (Page No. - 75)
     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 (Page No. - 106)
     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 (Page No. - 111)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View)* 
     12.1 Cargill
     12.2 Bunge Limited
     12.3 Wilmar International
     12.4 Louis Dreyfus Company
     12.5 Archer Daniels Midland
     12.6 Bühler Group
     12.7 CHS Inc.
     12.8 AG Processing Inc
     12.9 A&A Fratelli Parodi Spa
     12.10 Gemtek Products
     12.11 AAK Kamani Private Limited
     12.12 Soya Mills S.A.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View Might Not Be Captured in Case of Unlisted Companies. 
The Companies are Listed in No Particular Order, But as A Representation of the Market’s Ecosystem.

13 Appendix (Page No. - 134)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (78 Tables)

Table 1 USD Exchange Rates Considered, 2014–2018
Table 2 Oilseeds Used in the Production of Biodiesel
Table 3 Annual GDP and Industrial Production Growth Rates of Countries in Asia Pacific, 2016
Table 4 List of Patent
Table 5 Industrial Oils Market Size, By Source, 2017–2025 (Mmt)
Table 6 Industrial Oils Market Size, By Source, 2017–2025 (USD Billion)
Table 7 Soybean: Industrial Oils Market Size, By Region, 2017–2025 (Mmt)
Table 8 Soybean: Industrial Oils Market Size, By Region, 2017–2025 (USD Billion)
Table 9 Palm: Industrial Oils Market Size, By Region, 2017–2025 (Mmt)
Table 10 Palm: Industrial Oils Market Size, By Region, 2017–2025 (USD Million)
Table 11 Rapeseed: Industrial Oils Market Size, By Region, 2017–2025 (Kt)
Table 12 Rapeseed: Industrial Oils Market Size, By Region, 2017–2025 (USD Million)
Table 13 Sunflower: Industrial Oils Market Size, By Region, 2017–2025 (Mmt)
Table 14 Sunflower: Industrial Oils Market Size, By Region, 2017–2025 (USD Million)
Table 15 Corn: Industrial Oils Market Size, By Region, 2017–2025 (Kt)
Table 16 Corn: Industrial Oils Market Size, By Region, 2017–2025 (USD Million)
Table 17 Cottonseed: Industrial Oils Market Size, By Region, 2017–2025 (Kt)
Table 18 Cottonseed: Industrial Oils Market Size, By Region, 2017–2025 (USD Million)
Table 19 Functionality and Chemical Composition of Peanut By-Products
Table 20 Others: Industrial Oils Market Size, By Region, 2017–2025 (Kt)
Table 21 Others: Industrial Oils Market Size, By Region, 2017–2025 (USD Million)
Table 22 Industrial Oils Market Size, By Type, 2017–2025 (USD Billion)
Table 23 Industrial Oils Market Size, By Type, 2017–2025 (Mmt)
Table 24 Grade I (Light): Industrial Oils Market Size, By Region, 2017–2025 (Mmt)
Table 25 Grade I (Light): Industrial Oils Market Size, By Region, 2017–2025 (USD Billion)
Table 26 Grade II (Medium): Industrial Oils Market Size, By Region, 2017–2025 (Mmt)
Table 27 Grade II (Medium): Industrial Oils Market Size, By Region, 2017–2025 (USD Billion)
Table 28 Grade III (Heavy): Industrial Oils Market Size, By Region, 2017–2025 (Mmt)
Table 29 Grade III (Heavy): Industrial Oils Market Size, By Region, 2017–2025 (USD Billion)
Table 30 Industrial Oils Market Size, By End Use, 2017–2025 (USD Billion)
Table 31 Industrial Oils Market Size, By End Use, 2017–2025 (Mmt)
Table 32 Biofuel: Industrial Oils Market Size, By Region, 2017–2025 (USD Billion)
Table 33 Biofuel: Industrial Oils Market Size, By Region, 2017–2025 (Mmt)
Table 34 Paints & Coatings: Industrial Oils Market Size, By Region, 2017–2025 (USD Million)
Table 35 Paints & Coating: Industrial Oils Market Size, By Region, 2017–2025 (Mmt)
Table 36 Cosmetics & Personal Care: Industrial Oils Market Size, By Region, 2017–2025 (USD Billion)
Table 37 Cosmetics & Personal Care: Industrial Oils Market Size, By Region, 2017–2025 (Mmt)
Table 38 Pharmaceuticals: Industrial Oils Market Size, By Region, 2017–2025 (USD Million)
Table 39 Pharmaceuticals: Industrial Oils Market Size, By Region, 2017–2025 (Kt)
Table 40 Others: Industrial Oils Market Size, By Region, 2017–2025 (USD Billion)
Table 41 Others: Industrial Oils Market Size, By Region, 2017–2025 (Mmt)
Table 42 Industrial Oils Market Size, By Region, 2017–2025 (Mmt)
Table 43 Industrial Oils Market Size, By Region, 2017–2025 (USD Billion)
Table 44 North America: Industrial Oils Market Size, By Country, 2017–2025 (Mmt)
Table 45 North America: Industrial Oils Market Size, By Country, 2017–2025 (USD Billion)
Table 46 North America: Industrial Oils Market Size, By Source, 2017–2025 (Kt)
Table 47 North America: Industrial Oils Market Size, By Source, 2017–2025 (USD Million)
Table 48 North America: Industrial Oils Market Size, By Type, 2017–2025 (Mmt)
Table 49 North America: Industrial Oils Market Size, By Type, 2017–2025 (USD Billion)
Table 50 North America: Industrial Oils Market Size, By End Use, 2017–2025 (Mmt)
Table 51 North America: Industrial Oils Market Size, By End Use, 2017–2025 (USD Million)
Table 52 Europe: Industrial Oils Market Size, By Region, 2017–2025 (Mmt)
Table 53 Europe: Industrial Oils Market Size, By Region, 2017–2025 (USD Million)
Table 54 Europe: Industrial Oils Market Size, By Source, 2017–2025 (Kt)
Table 55 Europe: Industrial Oils Market Size, By Source, 2017–2025 (USD Million)
Table 56 Europe: Industrial Oils Market Size, By Type, 2017–2025 (Mmt)
Table 57 Europe: Industrial Oils Market Size, By Type, 2017–2025 (USD Million)
Table 58 Europe: Industrial Oils Market Size, By End Use, 2017–2025 (Mmt)
Table 59 Europe: Industrial Oils Market Size, By End Use, 2017–2025 (USD Billion)
Table 60 Asia Pacific: Industrial Oils Market Size, By Region, 2017–2025 (Mmt)
Table 61 Asia Pacific: Industrial Oils Market Size, By Region, 2017–2025 (USD Billion)
Table 62 Asia Pacific: Industrial Oils Market Size, By Source, 2017–2025 (Mmt)
Table 63 Asia Pacific: Industrial Oils Market Size, By Source, 2017–2025 (USD Million)
Table 64 Asia Pacific: Industrial Oils Market Size, By Type, 2017–2025 (Mmt)
Table 65 Asia Pacific: Industrial Oils Market Size, By Type, 2017–2025 (USD Billion)
Table 66 Asia Pacific: Industrial Oils Market Size, By End Use, 2017–2025 (Mmt)
Table 67 Asia Pacific: Industrial Oils Market Size, By End Use, 2017–2025 (USD Billion)
Table 68 RoW: Industrial Oils Market Size, By Country, 2017–2025 (Mmt)
Table 69 RoW: Industrial Oils Market Size, By Country, 2017–2025 (USD Billion)
Table 70 RoW: Industrial Oils Market Size, By Source, 2017–2025 (Kt)
Table 71 RoW: Industrial Oils Market Size, By Source, 2017–2025 (USD Million)
Table 72 RoW: Industrial Oils Market Size, By End Use, 2017–2025 (Kt)
Table 73 RoW: Industrial Oils Market Size, By End Use, 2017–2025 (USD Million)
Table 74 RoW: Industrial Oils Market Size, By Type, 2017–2025 (Mmt)
Table 75 RoW: Industrial Oils Market Size, By Type, 2017–2025 (USD Million)
Table 76 New Product Launches, 2016
Table 77 Expansions, 2015 - 2018
Table 78 Agreements & Joint Ventures, 2016 - 2017


List of Figures (59 Figures)

Figure 1 Industrial Oils Market Segmentation
Figure 2 Regional Segmentation
Figure 3 Industrial Oils Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Research Methodology Steps
Figure 8 Data Triangulation Methodology
Figure 9 Increasing Production of Palm Oil for Various Industrial Applications to Drive the Market
Figure 10 Grade I (Light) Industrial Oils Used in the Cosmetics and Pharmaceutical Applications to Account for the Dominant Share
Figure 11 Growing Demand From the Biofuel Industry to Drive the Market for Industrial Oils
Figure 12 North America to Be the Fastest-Growing Region in the Industrial Oils Market During the Forecast Period
Figure 13 Industrial Oils: an Emerging Market With Promising Growth Potential
Figure 14 Asia Pacific to Dominate the Industrial Oils Market From 2019 to 2025
Figure 15 The Palm Segment is Projected to Hold the Largest Share in the Industrial Oils Market From 2019 to 2025
Figure 16 The Grade I (Light) Segment is Projected to Hold A Larger Share in the Industrial Oils Market Throughout 2025
Figure 17 The Palm Segment, By Source, Accounted for the Largest Share of the Asia Pacific Industrial Oils Market
Figure 18 The Biofuel Segment Estimated to Dominate the Industrial Oils Market in 2019
Figure 19 US, China, and India Projected to Grow at Higher CAGRs Duringthe Forecast Period (By Value)
Figure 20 Industrial Oils Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 US Market Share of Commercial Vehicle Registrations, 2016–2020
Figure 22 Us Biodiesel Production, 2017 Vs. 2018 (Million Gallon)
Figure 23 Oilseed Prices, 2007–2017 (USD)
Figure 24 The Processing Phase Plays A Vital Role in the Supply Chain
Figure 25 Porter’s Five Forces: Market Fragmentation and Launch of Several New Products Intensifying Industrial Rivalry
Figure 26 Industrial Oils Market, By Source, 2019 Vs. 2025 (Mmt)
Figure 27 Industrial Oils Market, By Source, 2019 Vs. 2025 (USD Billion)
Figure 28 Major Soybean Oil Production Countries in 2018
Figure 29 Major Palm Oil Production Countries in 2018
Figure 30 Major Rapeseed Oil Production Countries in 2018
Figure 31 Major Sunflower Oil Exporting Countries in 2018
Figure 32 Major Sunflower Oil Importing Countries in 2018
Figure 33 Major Copra Producing Countries, 2018
Figure 34 Grade I (Light) Segment Dominated the Market From 2019 to 2025 (USD Billion)
Figure 35 Industrial Oils Market Size, By End Use, 2019–2025 (USD Billion)
Figure 36 China Held the Largest Market Share in the Industrial Oils Market During the Forecast Period
Figure 37 North America: Industrial Oils Snapshot
Figure 38 Europe: Industrial Oils Market Snapshot, 2018
Figure 39 Asia Pacific: Industrial Oils Market Snapshot, 2018
Figure 40 Vegetable Oils Consumption in China, 2018
Figure 41 Vegetable Oils Consumption in India, 2018
Figure 42 Australian Export of Canola, 2013–2017 (Thousand Metric Ton)
Figure 43 Vegetable Oil Consumption in China, 2018
Figure 44 Key Developments of the Leading Players in the Industrial Oils Market, 2014–2018
Figure 45 Global Industrial Oils Market Competitive Leadership Mapping, 2018
Figure 46 Cargill Led the Industrial Oils Market In, 2018
Figure 47 Cargill: Company Snapshot
Figure 48 Cargill: SWOT Analysis
Figure 49 Bunge Limited: Company Snapshot
Figure 50 Bunge Limited: SWOT Analysis
Figure 51 Wilmar International: Company Snapshot
Figure 52 Wilmar International: SWOT Analysis
Figure 53 Louis Dreyfus Company: Company Snapshot
Figure 54 Louis Dreyfus Company: SWOT Analysis
Figure 55 Archer Daniels Midland: Company Snapshot
Figure 56 Archer Daniels Midland: SWOT Analysis
Figure 57 Bühler Group: Company Snapshot
Figure 58 CHS Inc: Company Snapshot
Figure 59 AG Processing Inc: Company Snapshot

The study involves four major activities to estimate the current market size for industrial oils. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. These findings, assumptions, and market size were validated with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, in order to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.

Primary Research

The industrial oils market comprises several stakeholders, such as industrial manufacturers and suppliers, government & research organizations, associations, and industry bodies. The demand-side of this market is characterized by the rising demand for sustainable sources. The supply-side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents

Industrial Oils Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the industrial oils market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

The key players in the industry and markets were identified through extensive secondary research.

  • The industry’s supply chain and market size, in terms of value and volume, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary respondents

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed. The data was triangulated by studying various factors and trends from both the demand and supply sides in the industrial oils industry.

Report Objectives

  • To define, segment, and project the global market size for industrial oils market
  • To understand the structure of the industrial oils market by identifying its various subsegments
  • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total industrial oils market
  • To project the size of the market and its submarkets, in terms of value and volume, with respect to the regions (along with their respective key countries)
  • To profile key players and comprehensively analyze their core competencies
  • To understand the competitive landscape and identify major growth strategies adopted by players across key regions
  • To analyze the competitive developments such as expansions & investments, mergers & acquisitions, new product launches, partnerships, joint ventures, and agreements

Scope of the report

Report Metric

Details

Market size available for years

2017-2025

Base year considered

2018

Forecast period

2019-2025

Forecast units

Value (USD and Tons)

Segments covered

Source, Type, End Use, and Region

Geographies covered

North America, Europe, Asia Pacific, and Rest of the World (RoW)

Companies covered

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).

This research report categorizes the industrial oils market based on source, product, type, and region.

On the basis of source, the industrial oils market has been segmented as follows:

  • Soybean
  • Corn
  • Sunflower
  • Cottonseed
  • Rapeseed
  • Palm
  • Others (Olive, Safflower, Copra, Groundnut, Linseed/Flaxseed, and Grape Seed)

On the basis of type, the industrial oils market has been segmented as follows

  • Grade I (Light)
  • Grade II (Medium)
  • Grade III (Heavy)

On the basis of end-use, the industrial oils market has been segmented as follows

  • Biofuel
  • Paints & coatings
  • Cosmetics & personal care
  • Pharmaceuticals
  • Others (Polymers, thermal, rubbers, agriculture, fillers, adhesives, and chemicals)

On the basis of region, the industrial oils market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • Rest of World (RoW)

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports as per the client’s specific requirements. The available customization options are as follows:

Regional Analysis

  • Further breakdown of the Rest of Asia Pacific industrial oils market, by country
  • Further breakdown of other Rest of Europe industrial oils market, by country
  • Further breakdown of other Rest of the World industrial oils market, by country

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
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