Global Oleochemicals Market to Grow Due to Increasing Demand for Environmentally Viable Products
The oleochemicals market has been growing at a steady pace in the last few years. Oleochemicals are chemicals that are extracted from animal and plant fats and are used as substitutes for petrochemicals derived from petroleum. In the 1970s, as crude oil prices skyrocketed, manufacturers shifted to using oleochemicals instead of petrochemicals. According to a research report published by Transparency Market Research, the global oleochemicals market is expected to grow at a CAGR of 6% to reach a value of...
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