International. The global oleochemicals market will grow by 6% between 2013 and 2018 according to the new study revealed by Transparency Market Research.
In 2010, this market was estimated at over 13 million tons, and is now expected to increase to 15 million tons by 2018, growing annually by 6%. Asia Pacific is the region with the highest growth with 8.2% per year and in 2011 it reached 60% of the global capacity of this segment.
Europe is the second most important region with 18% of the market for oleochemicals that are also used in the paints and coatings industry. The global demand for eco-efficient products and the legislations of governments have been the most determining factors in the growth of this industry.
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