New York, Nov. 04, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Specialty Oleochemicals Industry” – https://www.reportlinker.com/p06032969/?utm_source=GNW
3% over the analysis period 2020-2027. Glycerol Esters, one of the segments analyzed in the report, is projected to record a 8.9% CAGR and reach US$15.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Specialty Esters segment is readjusted to a revised 8.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.2 Billion, While China is Forecast to Grow at 7.9% CAGR
The Specialty Oleochemicals market in the U.S. is estimated at US$6.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.5 Billion by the year 2027 trailing a CAGR of 7.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.9% and 6.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.9% CAGR.
Alkoxylates Segment to Record 7.3% CAGR
In the global Alkoxylates segment, USA, Canada, Japan, China and Europe will drive the 7.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.4 Billion in the year 2020 will reach a projected size of US$4 Billion by the close of the analysis period. China will…
