Oleochemicals Market Poised for Robust Growth: Straits Research Forecasts a USD 53.32 billion Valuation by 2031 with a 7.2% CAGR
Rising crude oil costs and stricter environmental controls incentivize manufacturers to use green chemicals to counterbalance the capital investment required to change current equipment and install new facilities. Such factors are anticipated to create lucrative market opportunities.New York, United States, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Oleochemicals are organic substances from tropical and animal oils, including soy, sunflower, palm, tallow, lard, and fish. Oleochemicals include creating es