Oleamide Market - Forecast(2023 - 2028)

Report Code: CMR 88081 Report Format: PDF + Excel

Oleamide Market Overview

Oleamide Market size is forecasted to grow at a CAGR of 4.8% during the forecast period 2022-2027. Oleamide is an organic compound derived from fatty acid oleic acid. The superior properties of oleamides such as high slip, mold release, torque release, and scuff resistance ensure higher oxidation strength, thereby making its use ideal for rubber, adhesives and sealant, and more. The Oleamide Market is primarily driven by the growth of the food and beverage industry. Moreover, oleamides are utilized in lipids and peptides, which are used in pharmaceuticals for the treatment of sleep disorders. The surging pharmaceuticals industry is anticipated to fuel the demand for oleamide, which in turn will fuel the market growth during the projected forecast period.

COVID-19 Impact 

In the year 2020, due to the surging Covid-19 pandemic, major economies of the world were under lockdown, which negatively impacted the Oleamide Market growth. The production activities of the food and beverage industry were temporarily halted, as a result, the demand for food packaging declined, which in turn resulted in revenue losses for the Oleamide Market. However, in 2021, the ease of the Covid-19 related regulation strengthened the production activities related to food and beverage, automotive, and other such sectors. For instance, according to the Federation of Bakers Ltd, in the year 2020, the U.K morning and snacks bakery production were 1.09 billion, and in 2021 it was 1.18 billion units, an increase of 7.6%. As a result of the increase in the production of food and beverages the demand for food packaging increased, which benefited the market growth.

Report Coverage 

The report: "Oleamide MarketForecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Oleamide Market. 

By Type: Synthetic and Bio-based 
By Purity: Less than 85%, 85% to 90%, and More than 91% 
By Application: Food Packaging, Lubricant Additives, Printing Inks and Dyes, Adhesives and Sealants, Rubber, Paints, and Coatings, (Industrial, Special, and Architectural), and Others 
By End-Use Industry: Food and Beverage (Bakery, Vegetables and Fruits, Confectionery, Alcoholic Beverages, Non-alcoholic Beverages, and Others), Pharmaceuticals, Transportation (Automotive, Aerospace, Locomotive, and Marine), Building and Construction (Residential, Commercial, Industrial, and Infrastructural), Textile, and Others 
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East (Saudi Arabia, UAE, Israel, and Rest of Middle East), and Africa (South Africa, Nigeria, and Rest of Africa)) 

Key Takeaways 

  • Asia-Pacific region dominated the Oleamide Market, owing to the growing food processing industry in the region. For instance, according to Invest India, India’s food processing industry has grown at an annual growth rate of 11.18% from 2016 to 2020. 
  • The surging application of paints and coatings is driving the demand for coatings chemicals, which is expected to drive the Oleamide Market growth during the upcoming years. 
  • Moreover, the growing research and developments associated with bio-based oleamide are expected to create a future growth opportunity for the Oleamide Market. 
  • However, the availability of multiple substitutes of oleamides such as erucamide, stearamide, behenamide, and more is restricting the growth of the market.

Figure: Asia-Pacific Oleamide MarketRevenue, 2021-2027 (US$ Million)


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Oleamide Market Segment Analysis – ByApplication 

The food packaging segment held a significant share in the Oleamide Market in 2021 and is forecasted to grow at a CAGR of 5.1% during the forecast period 2022-2027. Oleamide is employed in food packaging applications such as labels, containers, plastic cans, and more to lower the sliding coefficient of friction (CoF) between the packaging and packed food. Consumers are increasingly adopting packaged food products with a longer shelf life due to rising health consciousness and awareness about the importance of fresh food. This has resulted in the growth of the food packaging application. For instance, according to the Associated Chamber of Commerce and Industry of India, in 2020, India's food packaging industry was valued at INR730 million (US$10.53 million), an increase of about 2.8% when compared with the year 2020. Thus, the increasing application of food packaging is expected to fuel the growth of the oleamides, which in turn is propelling the market growth. 

Oleamide Market Segment Analysis – By End-Use Industry 

The food and beverage segment held a significant share in the Oleamide Market in 2021 and is forecasted to grow at a CAGR of 5.8% during the forecast period 2022-2027. In food and beverage oleamide is employed in food packaging materials along with lipids to ensure superior food protection. The factors such as increasing disposable income, growing demand for fresh food, and more are accelerating the production of vegetables, fruits, bakeries, and other product products, thereby fueling the demand for food packaging. For instance, according to the Federation of Bakers Ltd, in the year 2021, the U.K morning and snacks bakery production was 1.18 billion units, an increase of 7.6% when compared with 2020. Hence, the surging food and beverage industry is propelling the demand for food packaging.

Oleamide Market Segment Analysis – By Geography 

Asia-Pacific region is the dominating region as it holds the largest share in the Oleamide Market in 2021 with 39% and is forecasted to grow at a CAGR of 6.3% during the forecast period 2022-2027. The economic growth of Asia-Pacific countries is driven by the growth of various sectors including food and beverage, pharmaceuticals, and more in the region. The factors such as increasing food security, increasing population, and others are resulting in surging production of food and beverage in the Asia-Pacific region. For instance, according to the Food and Agriculture Organization (FAO) states India and China are the main producers of vegetables and fruits in terms of volume. In 2019, China produced 588.26 million metric tons of fresh vegetables, while India produced 132.03 million metric tons. Moreover, according to the Association of Southeast Asian Nations (ASEAN), bakery products such as cookies, biscuits, and more are the largest segment within the food and beverages category of Thailand. It was valued at US$8.9 billion in 2020, the market is expected to register a growth of 1.2% annually until 2025. Therefore, the growing food & beverage industry of the Asia-Pacific region is fueling the demand for packaging, which in turn is boosting the market growth. 

Oleamide Market Drivers 

Rising Cases of Sleep Disorders 

Oleamides are employed in sleeping disorder medicines because the presence of fatty acid oleic acid in oleamides improves sleep by reducing the dropping-off period and increasing deep sleep without the sedative side effects. Sleep disorders can have a deteriorating impact on health and may lead to accidents, and other negative factors. The cases of sleep disorders are surging, owing to factors stress, hectic schedules, and other external factors are resulting in the growing demand for sleep disorder medicines. For instance, according to the World Economic Forum, approximately 62 percent of persons globally believe they do not get enough sleep when they go to bed. Sleep deprivation of one or two hours each night can have the same effect on motor and cognitive skills as going without sleep for a whole day or two. Moreover, in 2020, the Coronavirus became one of the causes of sleep disorders worldwide. The Lancet Discovery Science researched 345,270 participants from 39 countries for the study of sleep disorders. The results were 31% of healthcare professionals, 18% of the general population, and 57% of Covid-19 patients suffered from a sleep disorder. Thus, the surging cases of sleep disorders are aiding the demand for sleeping disorder medicines, which is driving the demand for oleamides, thereby benefiting the market growth. 

The Surging Paints and Coatings Applications 

The properties of oleamide such as higher stability in the presence of heat and UV light ensures paints and coating's smoothness, mold release, moisture resistance, and more, are ideal in in paints and coatings industry. The demand for paints and coatings is surging owing to the rapid industrial development, rise in construction activities, and more factors. For instance, according to the Japan Paint Manufacturers Association (JPMA), in 2019, the total synthetic resin base paints and coating manufactured in Japan was 1,101,715 tons, which was about 1.2% higher when compared with 2018. Also, according to British Coatings Federation (BCF), due to continued strong consumer demand for DIY commodities such as paints and wallcoverings, as well as a strong manufacturing and construction industry rebound, the first 5 months of 2021 achieved remarkable sales results in both industrial and decorative coatings in the United Kingdom. Overall, paint and coatings sales in the UK increased by 24% compared to the same period in 2020. Hence, the surging paints and coatings industry is likely to aid the demand for oleamide, which is further driving the market growth. 

Oleamide Market Challenges 

Availability of Substitutes 

The biodegradable property of oleamide makes an environmentally sustainable chemical. Nevertheless, the availability of various substitutes such as erucamide, stearamide, behenamide, and more have similar or even higher strength properties when compared with oleamides, this is restricting the market growth. The erucamide has the higher lubrication and slip agent properties when compared with oleamides because the chemical migrates quickly. Moreover, stearamide has superior corrosion inhibitor properties, which makes it ideal for use in lubrication applications, paints and coatings, and other such applications. Therefore, the availability of multiple substitutes of oleamide is creating a bottleneck for the Oleamide Market growth.

Global Oleamide Industry Outlook 

Technology launches, acquisitions, and increased R&D activities are key strategies adopted by players in the Oleamide Market. Global oleamide top 10 companies are: 

  1. Croda International 
  2. Struktol Company of America, LLC 
  3. KLK Eleo 
  4. Tarak Chemicals Limited 
  5. Sichuan Tianyu Oleochemical Co., Ltd. 
  6. NANJING LEPUZ CHEMICAL CO., LTD. 
  7. Hindustan Colas Private Limited 
  8. MLA Industries 
  9. Abril Industrial Waxes Ltd 
  10. Lonza

Relevant Reports 

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1. Oleamide Market: Market Overview
    1.1 Definitions and Scope
2. Oleamide Market- Executive Summary 
    2.1 Key Trends by Type 
    2.2 Key Trends by Purity 
    2.3 Key Trends by Application 
    2.4 Key Trends by End-Use Industry 
    2.5 Key Trends by Geography
3. Oleamide Market– Comparative analysis 
    3.1 Market Share Analysis- Major Companies 
    3.2 Product Benchmarking- Major Companies 
    3.4 Top 5 Financials Analysis 
    3.5 Patent Analysis- Major Companies 
    3.6 Pricing Analysis (ASPs will be provided) 
4. Oleamide Market- Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis: 
        4.1.1 Investment 
        4.1.2 Revenue 
        4.1.3 Product portfolio 
        4.1.4 Venture Capital and Funding Scenario 
5. Oleamide Market– Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview 
    5.2 New Business and Ease of Doing Business Index 
    5.3 Successful Venture Profiles 
    5.4 Customer Analysis – Major companies 
6. Oleamide Market- Market Forces 
    6.1 Market Drivers 
    6.2 Market Constraints 
    6.3 Porters Five Force Model 
        6.3.1 Bargaining Power of Suppliers 
        6.3.2 Bargaining Powers of Buyers 
        6.3.3 Threat of New Entrants 
        6.3.4 Competitive Rivalry 
        6.3.5 Threat of Substitutes
7. Oleamide Market– Strategic Analysis 
    7.1 Value/Supply Chain Analysis 
    7.2 Opportunity Analysis 
    7.3 Product/Market Life Cycle 
    7.4 Distributor Analysis – Major Companies 
8. Oleamide Market-By Type (Market Size –US$ Million/Billion) 
    8.1 Synthetic 
    8.2 Bio-based 
9. Oleamide Market-By Purity (Market Size –US$ Million/Billion) 
    9.1 Less than 85% 
    9.2 85% to 90% 
    9.3 More than 91% 
10. Oleamide Market-By Application (Market Size –US$ Million/Billion) 
    10.1 Food Packaging 
    10.2 Lubricant Additives 
    10.3 Printing Inks and Dyes 
    10.4 Adhesives and Sealants 
    10.5 Rubber 
    10.6 Paints and Coatings 
        10.6.1 Industrial 
        10.6.2 Special 
        10.6.3 Architectural 
    10.7 Others 
11. Oleamide Market-By End-Use Industry (Market Size -US$ Million/Billion) 
    11.1 Food and Beverage 
        11.1.1 Bakery 
        11.1.2 Vegetables and Fruits 
        11.1.3 Confectionary 
        11.1.6 Bakery 
        11.1.7 Alcoholic Beverages 
        11.1.8 Non-alcoholic Beverages 
        11.1.9 Others 
    11.2 Pharmaceuticals 
    11.3 Transportation 
        11.3.1 Automotive 
        11.3.2 Aerospace 
        11.3.3 Locomotive 
        11.3.4 Marine 
    11.4 Building and Construction 
        11.4.1 Residential 
        11.4.2 Commercial 
        11.4.3 Industrial 
        11.4.4 Infrastructural 
    11.5 Textile 
    11.6 Others
12. Oleamide Market-By Geography (Market Size -US$ Million/Billion) 
    12.1 North America 
        12.1.1 USA 
        12.1.2 Canada 
        12.1.3 Mexico 
    12.2 Europe 
        12.2.1 UK 
        12.2.2 Germany 
        12.2.3 France 
        12.2.4 Italy 
        12.2.5 Netherlands 
        12.2.6 Spain 
        12.2.7 Russia 
        12.2.8 Belgium 
        12.2.9 Rest of Europe 
    12.3 Asia-Pacific 
        12.3.1 China 
        12.3.2 Japan 
        12.3.3 India 
        12.3.4 South Korea 
        12.3.5 Australia and New Zealand 
        12.3.6 Indonesia 
        12.3.7 Taiwan 
        12.3.8 Malaysia 
        12.3.9 Rest of APAC 
    12.4 South America 
        12.4.1 Brazil 
        12.4.2 Argentina 
        12.4.3 Colombia 
        12.4.4 Chile 
        12.4.5 Rest of South America 
    12.5 Rest of the World 
        12.5.1 Middle East 
            12.5.1.1 Saudi Arabia 
            12.5.1.2 UAE 
            12.5.1.3 Israel 
            12.5.1.4 Rest of Middle East 
        12.5.2 Africa 
            12.5.2.1 South Africa 
            12.5.2.2 Nigeria 
            12.5.2.3 Rest of Africa 
13. Oleamide Market – Entropy
    13.1 New Product Launches 
    13.2 M&As, Collaborations, JVs and Partnerships 
14. Oleamide Market–Industry / Segment Competition landscape Premium Premium 
    14.1 Company Benchmarking Matrix – Major Companies 
    14.2 Market Share at Global Level - Major companies 
    14.3 Market Share by Key Region - Major companies 
    14.4 Market Share by Key Country - Major companies 
    14.5 Market Share by Key Application - Major companies 
    14.6 Market Share by Key Product Type/Product category- Major companies 
15. Oleamide Market – Key Company List by Country Premium Premium 
16. Oleamide Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments 
    16.1 Company 1 
    16.2 Company 2 
    16.3 Company 3 
    16.4 Company 4 
    16.5 Company 5 
    16.6 Company 6 
    16.7 Company 7 
    16.8 Company 8 
    16.9 Company 9 
    16.10 Company 10 and more 
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Oleamide Market, by Type Market 2019-2024 ($M)
2.Global Oleamide Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
3.Global Oleamide Market, by Type Market 2019-2024 (Volume/Units)
4.Global Oleamide Market Analysis and Forecast by Type and Application Market 2019-2024 (Volume/Units)
5.North America Oleamide Market, by Type Market 2019-2024 ($M)
6.North America Oleamide Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
7.South America Oleamide Market, by Type Market 2019-2024 ($M)
8.South America Oleamide Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
9.Europe Oleamide Market, by Type Market 2019-2024 ($M)
10.Europe Oleamide Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
11.APAC Oleamide Market, by Type Market 2019-2024 ($M)
12.APAC Oleamide Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
13.MENA Oleamide Market, by Type Market 2019-2024 ($M)
14.MENA Oleamide Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)

LIST OF FIGURES

1.US Global Oleamide Industry Market Revenue, 2019-2024 ($M)
2.Canada Global Oleamide Industry Market Revenue, 2019-2024 ($M)
3.Mexico Global Oleamide Industry Market Revenue, 2019-2024 ($M)
4.Brazil Global Oleamide Industry Market Revenue, 2019-2024 ($M)
5.Argentina Global Oleamide Industry Market Revenue, 2019-2024 ($M)
6.Peru Global Oleamide Industry Market Revenue, 2019-2024 ($M)
7.Colombia Global Oleamide Industry Market Revenue, 2019-2024 ($M)
8.Chile Global Oleamide Industry Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Oleamide Industry Market Revenue, 2019-2024 ($M)
10.UK Global Oleamide Industry Market Revenue, 2019-2024 ($M)
11.Germany Global Oleamide Industry Market Revenue, 2019-2024 ($M)
12.France Global Oleamide Industry Market Revenue, 2019-2024 ($M)
13.Italy Global Oleamide Industry Market Revenue, 2019-2024 ($M)
14.Spain Global Oleamide Industry Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Oleamide Industry Market Revenue, 2019-2024 ($M)
16.China Global Oleamide Industry Market Revenue, 2019-2024 ($M)
17.India Global Oleamide Industry Market Revenue, 2019-2024 ($M)
18.Japan Global Oleamide Industry Market Revenue, 2019-2024 ($M)
19.South Korea Global Oleamide Industry Market Revenue, 2019-2024 ($M)
20.South Africa Global Oleamide Industry Market Revenue, 2019-2024 ($M)
21.North America Global Oleamide Industry By Application
22.South America Global Oleamide Industry By Application
23.Europe Global Oleamide Industry By Application
24.APAC Global Oleamide Industry By Application
25.MENA Global Oleamide Industry By Application