Oleochemicals are chemical compounds derived from bio-based resources such as plant and animal fats. They are similar to petrochemicals with advantages that these are pollution free, biodegradable, and low on toxic levels. They are used in the production of lubricants, biodiesel, and bioplastics.
Technavio's analysts forecast the global oleochemicals market to grow at a CAGR of 5.95% by value during 2015-2019. In this report, Technavio covers the present scenario and growth prospects of the global oleochemicals market from 2015 to 2019.