Latin America Oleochemicals Market Statistics:

Market Size in 2025: USD 1272.34 Million

Market Size in 2032: nearly USD 1959.56 Million
Market Growth Rate 2026-2032: CAGR 6.36%
According to The Report Cube’s latest research study Latin America Oleochemicals Market is anticipated to register a CAGR of around 6.36% during the forecast period, 2026-32. Also, the market size was valued at nearly USD 1272.34 Million in 2025 and is foreseen to witness nearly USD 1959.56 Million during 2032.

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Latin America Oleochemicals Market Drivers:

·       Driver: Mounting Demand from Biofuels & Personal Care Cosmetics to Instigate the Industry Growth

The primary driver is the increasing demand for oleochemicals in biodiesel (through fatty acid methyl ester) & personal care items, such as emulsifiers, surfactants, and moisturizers. Also, rising packaged food, soaps, detergents, and cosmetics sectors drive Latin America Oleochemicals Market growth, specifically glycerol esters & alkoxylates. Furthermore, these leading trends reflect customer preference for renewable, biodegradable ingredients, advancing volumes in Latin America's green chemical setting.

According to the report, prominent players operating in the market include:

·       Evonik Industries AG

·       Wilmar International Ltd

·       Kao Corp

·       Corbion NV

·       Cargill

·       Godrej

·       IOI Corp Bhd

·       Vantage Specialty Chemic

·       Emery Oleochemicals

·       Others

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Key Market Segmentation

o   Market Share, By Type

o   Fatty Acid

o   Fatty Alcohol

o   Glycerin

o   Others

o   Market Share, By Application

o   Personal Care & Cosmetics

o   Soap & Detergents

o   Biofuel & Lubricants

o   Paint & Coatings

o   Others

o   Market Share, By Form

o   Solid

o   Liquid

o   Market Share, By Country

o   Brazil

o   Mexico

o   Argentina

o   Colombia

o   Rest of Latin America

Recent News and Developments in Latin America Oleochemicals Market

• Evonik Industries AG extended its production of specialty esters & glycerol-based surfactants at its São Paulo facility to cater to increasing demand in personal care cosmetics across Brazil & neighboring national markets.
• Wilmar International Ltd joined hands with a foremost biodiesel producer in Argentina to introduce a joint venture for large scale fatty acid methyl ester (FAME) production, aiming fuel & lubricant applications.

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