Infiniti Research Identifies Potential Market Opportunities for Oleochemicals in the United States
LONDON–(BUSINESS WIRE)–#ChemicalResearch–Oleochemicals are becoming widely accepted in several industries across
the globe because they are a perfect substitute for the petrochemicals.
Oleochemicals are made from animal and plant fats and have gained
popularity because of their performance, functional efficiency, and
sustainability. Infiniti
Research notes that the growing adoption of the oleochemicals in
the US will result in the downfall of the petrochemicals market in the
up-coming decade.
View the study: https://www.infinitiresearch.com/thoughts/can-oleochemicals-reduce-americas-dependence-petrochemicals
Infiniti Research says, “Modern industries are highly dependent on petrochemical
and allied products. Application of petrochemicals are
extensively used for fuel production and in the plastic industry,
medical sector, and fertilizers. On the other hand, the usage of
petrochemicals is highly criticized as the release of petrochemicals
into the ground, air, and water adversely effects the environment and
human life.”
Side effects associated with the usage of petrochemicals are allergies,
hormonal disorders, asthma, and congenital disabilities. The occurrence
of side effects is due to the high absorbing capacity of the
petrochemicals into the skin.
Market opportunities
Oleochemicals are biodegradable, pollution free, and very low in toxic
levels. These chemicals are used for producing biodiesel, bioplastics,
and lubricants. The advantages associated with the use of oleochemicals
have resulted in their quick adoption in the textiles, personal care,
pharmaceuticals, and food & beverage industries.
In a recent study on the oleochemicals
market, Infiniti Research found that the US is one of the
biggest producers as well as consumers of petrochemicals.
“Owing to its commitment to green energy and reducing carbon emissions,
policymakers in the US are encouraging industries to adopt
oleochemicals. Emery Oleochemicals and Vantage Specialty Chemicals are
some of the popular names associated with the oleochemicals market in
the USA,” says Infiniti Research. “Changes in US regulations and the
outlawing of trans fats, along with levying of tax incentives to
encourage biofuel consumption are the major factors responsible for
driving the market for oleochemicals in the USA.”
Have questions about this study? Request
more information on this report
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence
company providing smart solutions to address your business challenges.
Infiniti Research studies markets in more than 100 countries to help
analyze competitive activity, see beyond market disruptions, and develop
intelligent business strategies.
With 14 years of experience and offices across three continents,
Infiniti Research has been instrumental in providing a complete range of
competitive intelligence, strategy, and research services for over 550
companies across the globe.
Contacts
Infiniti Research
Jesse Maida
Media & Marketing Executive
US:
+1 630 333 9501
UK: +44 208 123 1770
www.infinitiresearch.com
Contact
Us