The Global Oleic Acid Market was valued at USD 12.51 Billion in 2022 and is projected to reach USD 15.89 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period (2024–2030). This steady growth is primarily driven by rising demand from end-use industries such as personal care, cosmetics, pharmaceuticals, and food processing, alongside the expanding applications of oleic acid in surfactants, lubricants, and plastic additives.

As industries worldwide shift toward bio-based and sustainable raw materials, oleic acid, a key monounsaturated omega-9 fatty acid derived from natural sources like olive, palm, and sunflower oils, is gaining significant traction. In this blog, we profile the Top 10 Companies in the Oleic Acid Industry—a mix of global agribusiness giants, specialty chemical producers, and dedicated oleochemical specialists shaping the supply chain and innovation landscape.

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🔟 1. PT. Musim Mas

Headquarters: Singapore
Key Offering: High-Purity Oleic Acid, Distilled Oleic Acid, Food & Industrial Grades

PT. Musim Mas is a leading integrated palm oil conglomerate and one of the world’s largest producers of oleochemicals, including a wide range of oleic acid derivatives. The company operates state-of-the-art refineries and oleochemical plants across Indonesia and Singapore, serving a global client base.

Sustainability Initiatives:

• Commitment to 100% RSPO (Roundtable on Sustainable Palm Oil) certified supply chain

• Investment in traceability and sustainable sourcing practices

• Development of bio-based alternatives for industrial applications

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9️⃣ 2. Wilmar International Limited

Headquarters: Singapore
Key Offering: Oleic Acid (Various Grades), Oleochemicals, Fatty Acids

Wilmar International is a prominent agribusiness group with a massive footprint in oil palm cultivation, processing, and merchandising. Its oleochemical division is a major global supplier of oleic acid, leveraging its vertically integrated supply chain from plantations to finished products.

Sustainability Initiatives:

• No Deforestation, No Peat, No Exploitation (NDPE) policy implementation

• Active member of RSPO and other sustainability forums

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8️⃣ 3. PT Ecogreen Oleochemicals

Headquarters: Jakarta, Indonesia
Key Offering: Technical & High Purity Oleic Acid, Bio-lubricants

PT Ecogreen Oleochemicals is a key player in the Asian oleochemical market, specializing in the production of fatty acids and glycerine. The company is known for its consistent quality and reliable supply of oleic acid to various industrial sectors.

Sustainability Initiatives:

• Focus on waste reduction and energy efficiency in manufacturing

• Development of environmentally friendly oleochemical products

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7️⃣ 4. KLK Oleo

Headquarters: Kuala Lumpur, Malaysia
Key Offering: Premium Oleic Acid, Fractionated Fatty Acids, Customized Blends

KLK Oleo, a division of Kuala Lumpur Kepong Berhad, is a global leader in oleochemicals. The company offers a diverse portfolio of oleic acid grades tailored for cosmetics, plastics, and rubber industries, supported by strong R&D capabilities.

Sustainability Initiatives:

• Strong commitment to sustainable palm oil sourcing and certification

• Investment in green chemistry and renewable resource utilization

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6️⃣ 5. Emery Oleochemicals

Headquarters: Kuala Lumpur, Malaysia
Key Offering: EMERSOL® Oleic Acids, Bio-based Polymer Additives

Emery Oleochemicals is a leading global manufacturer of natural-based specialty chemicals. Its well-known EMERSOL® range of oleic acids is widely used in personal care, textiles, and lubricant formulations, prized for its high quality and performance.

Sustainability Initiatives:

• “Green Polymer Additives” initiative promoting circular economy

• Focus on bio-based and biodegradable product lines

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5️⃣ 6. IOI Oleochemicals

Headquarters: Kuala Lumpur, Malaysia
Key Offering: Industrial & Food Grade Oleic Acid, Fatty Acid Esters

IOI Oleochemicals is a major producer with a significant global presence. The company’s strengths lie in its integrated operations, from palm oil refining to the production of a wide array of oleochemicals, ensuring supply chain stability and competitive pricing.

Sustainability Initiatives:

• Robust sustainability policy aligned with RSPO principles

• Continuous improvement in environmental performance metrics

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4️⃣ 7. Oleon NV

Headquarters: Ertvelde, Belgium
Key Offering: High-Purity Bio-based Oleic Acid, Specialized Oleochemicals

Oleon, part of the Avril Group, is a leading European producer of oleochemicals derived from natural vegetable oils. The company is recognized for its innovation in creating bio-based solutions for coatings, adhesives, and personal care applications.

Sustainability Initiatives:

• Pioneer in developing oleochemicals from non-food competing feedstocks

• Strong focus on carbon footprint reduction across the value chain

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3️⃣ 8. VVF LLC

Headquarters: Mumbai, India
Key Offering: Fatty Acids, Oleic Acid for Soaps & Detergents

VVF LLC is a significant manufacturer of fatty acids and specialty chemicals in India. The company supplies oleic acid primarily to the domestic soap, detergent, and personal care industries, with a growing export market.

Sustainability Initiatives:

• Investment in eco-friendly manufacturing processes

• Development of green surfactant solutions

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2️⃣ 9. Thai Oleochemicals Company Limited

Headquarters: Bangkok, Thailand
Key Offering: Commercial Grade Oleic Acid, Distilled Fatty Acids

Thai Oleochemicals is a key producer in Southeast Asia, utilizing palm and palm kernel oils to manufacture a range of oleochemical products. The company serves both regional and international markets with a focus on quality and reliability.

Sustainability Initiatives:

• Adherence to international sustainability standards for palm oil

• Efforts to enhance energy efficiency in production facilities

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1️⃣ 10. Acme-Hardesty Co.

Headquarters: Blue Bell, Pennsylvania, USA
Key Offering: Bio-based Oleic Acid, Distribution of Oleochemicals

Acme-Hardesty is a leading distributor and supplier of bio-based products in North America. While not a primary manufacturer, the company plays a crucial role in the supply chain, sourcing high-quality oleic acid from global producers and supplying it to a diverse industrial customer base.

Sustainability Initiatives:

• Promotion of bio-based and renewable raw materials

• Strategic partnerships with sustainable oleochemical producers

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🌍 Outlook: The Future of Oleic Acid Is Green and High-Value

The oleic acid market is evolving beyond its traditional roles, driven by the global push for sustainability and bio-based economies. While standard grades continue to serve established markets, innovation is focused on developing high-purity, specialized oleic acid for advanced applications in bioplastics, pharmaceuticals, and green cosmetics.

📈 Key Trends Shaping the Market:

• Rising demand for natural and organic ingredients in personal care and cosmetics

• Increasing use of oleic acid as a bio-lubricant and plasticizer, replacing petrochemical alternatives

• Stringent environmental regulations promoting biodegradable and non-toxic materials

• Geographic expansion of production capacities in Southeast Asia and South America

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The companies listed above are not only supplying a critical industrial ingredient—they are at the forefront of the transition to a more sustainable and bio-based chemical industry.

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