The Global Palm-based Oleochemicals Market was valued at USD 9.75 Billion in 2025 and is projected to reach USD 12.35 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period (2024–2034). This growth is being driven by the global shift towards sustainable and bio-based raw materials, rising demand in personal care and food applications, and supportive government biofuel policies, particularly in key producing regions.

As consumer goods industries worldwide pivot towards natural ingredients and circular economy principles, the focus intensifies on the leading producers who are scaling sustainable production and innovating new applications. In this blog, we profile the Top 10 Companies in the Palm-based Oleochemicals Industry—a combination of agribusiness giants, integrated chemical producers, and specialty manufacturers shaping the future of renewable chemicals.

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🔟 1. Wilmar International Limited

Headquarters: Singapore
Key Offering: Fatty Acids, Fatty Alcohols, Glycerine, Methyl Esters

Wilmar International is one of the world’s largest agribusiness groups and a dominant force in palm-based oleochemicals. With control over a significant portion of the global palm oil supply chain—from plantations to crushing mills and refineries—Wilmar’s oleochemical division benefits from unparalleled vertical integration. The company operates massive production facilities across Asia, supplying a vast portfolio of basic and derivative oleochemicals to global markets.

Sustainability Initiatives:

• Committed to No Deforestation, No Peat, No Exploitation (NDPE) policy

• Extensive sourcing of certified sustainable palm oil (RSPO)

• Investment in traceability technologies and smallholder inclusion programs

Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/299623/palmbased-oleochemicals-market

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9️⃣ 2. KLK Oleo

Headquarters: Kuala Lumpur, Malaysia
Key Offering: Specialty Oleochemicals, Fatty Alcohols, Esters, Glycerine

As the oleochemical arm of Kuala Lumpur Kepong Berhad (KLK), KLK Oleo is a leading global producer with a strong focus on specialty and high-value derivatives. The company leverages its extensive Malaysian palm plantations to secure feedstock and operates sophisticated manufacturing plants that produce a wide range of products tailored for the personal care, food, and pharmaceutical industries.

Sustainability Initiatives:

• Pioneer in sustainable palm oil certification and traceability

• Active member of the RSPO with a high percentage of certified production

• Investment in R&D for green chemistry applications and product innovation

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8️⃣ 3. IOI Oleochemicals

Headquarters: Kuala Lumpur, Malaysia
Key Offering: Fatty Acids, Fatty Alcohols, Glycerine, Soap Noodles

IOI Oleochemicals is a major integrated player with a strong presence in both basic and derivative oleochemicals. Part of the IOI Corporation Berhad group, the company benefits from a reliable supply of crude palm oil and palm kernel oil. Its products are essential ingredients for surfactants, cosmetics, and food additives, serving a diverse global client base.

Sustainability Initiatives:

• Strong commitment to RSPO certification across its supply chain

• Implementation of stringent environmental management systems

• Focus on energy efficiency and reducing the carbon footprint of its operations

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7️⃣ 4. Musim Mas Group

Headquarters: Singapore
Key Offering: Fatty Acids, Fatty Alcohols, Glycerine, Biofuels

Musim Mas is a vertically integrated palm oil conglomerate with a significant oleochemical division. The group manages the entire value chain, from plantations and mills to refineries and oleochemical plants. This integration allows for stringent quality control and cost competitiveness, making it a key supplier to the global market, especially for biodiesel and basic oleochemicals.

Sustainability Initiatives:

• Comprehensive NDPE implementation and smallholder support programs

• Leader in RSPO certification and transparent reporting

• Investment in community development and conservation projects

Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/299623/palmbased-oleochemicals-market

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6️⃣ 5. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: High-Purity Fatty Alcohols, Care Chemicals, Performance Chemicals

BASF is a global chemical giant and a significant player in the high-value segment of the palm-based oleochemicals market. While not a plantation owner, BASF is a major buyer of certified sustainable palm kernel oil, which it processes into high-purity ingredients for the personal care and cosmetics industries. The company’s strength lies in its advanced R&D and global distribution network.

Sustainability Initiatives:

• Achieved 100% sustainable sourcing for palm kernel oil in Europe

• Active member of the Sustainable Palm Oil Initiative (SPOI)

• Commitment to transparency through its Palm Progress Report

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5️⃣ 6. Emery Oleochemicals

Headquarters: Kuala Lumpur, Malaysia
Key Offering: Green Polymer Additives, Bio-lubricants, Specialty Esters

Emery Oleochemicals is a leading global specialty oleochemicals producer known for its innovation and customer-centric approach. The company focuses on developing sustainable solutions for industries such as plastics, lubricants, and agrochemicals. With manufacturing plants in Asia, Europe, and the Americas, Emery has a truly global footprint.

Sustainability Initiatives:

• Focus on developing bio-based alternatives to petrochemicals

• Strong commitment to RSPO-certified supply chains

• “Emergy” sustainability program targeting reduced environmental impact

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4️⃣ 7. Croda International Plc

Headquarters: Snaith, United Kingdom
Key Offering: Specialty Surfactants, Personal Care Actives, Lipid Systems

Croda is a world-renowned specialty chemical company that utilizes palm-based oleochemicals as key raw materials for its high-performance ingredients. The company’s focus is on creating innovative, sustainable ingredients for the personal care, health care, and industrial sectors. Croda’s strength lies in its deep application knowledge and technical expertise.

Sustainability Initiatives:

• Aspires to be Climate, Land, and People Positive by 2030

• Leader in sustainable palm sourcing with 100% RSPO SG/MB targets

• Pioneering the use of mass balance and bio-circular feedstocks

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3️⃣ 8. Kao Corporation

Headquarters: Tokyo, Japan
Key Offering: Surfactants, Glycerine, Fatty Acids for Consumer Products

Kao Corporation is a major global manufacturer of consumer goods and the chemical ingredients that go into them. Its chemical division is a significant producer of palm-derived surfactants and other oleochemicals, which are used in Kao’s own branded products as well as sold to other manufacturers. This integrated model provides unique market insights.

Sustainability Initiatives:

• Kao Group Environmental Statement with clear targets for sustainable sourcing

• Active participation in industry collaborations for sustainable palm oil

• Development of eco-friendly products with reduced environmental impact

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2️⃣ 9. Evonik Industries AG

Headquarters: Essen, Germany
Key Offering: Specialty Oleochemicals, Care Specialties, Pharma Polymers

Evonik is a global leader in specialty chemicals, with a strong position in the palm-based oleochemicals market through its Care Solutions and Life Sciences divisions. The company focuses on high-value applications in personal care, animal nutrition, and pharmaceuticals, leveraging its technological expertise to create differentiated products.

Sustainability Initiatives:

• Strategic focus on sustainability as a core driver of innovation

• Commitment to sustainable palm oil sourcing and transparent supply chains

• Investment in green technologies and bio-based product development

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1️⃣ 10. PT. Ecogreen Oleochemicals

Headquarters: Batam, Indonesia
Key Offering: Fatty Acids, Fatty Alcohols, Glycerine

PT. Ecogreen Oleochemicals is one of Indonesia’s largest oleochemical producers, strategically located in the world’s biggest palm oil-producing country. The company operates state-of-the-art manufacturing facilities and serves both domestic and international markets. Its proximity to raw material sources provides a significant competitive advantage in terms of cost and supply reliability.

Sustainability Initiatives:

• Focus on RSPO certification and sustainable sourcing practices

• Investment in efficient production technologies to minimize environmental impact

• Commitment to supporting the local economy and community development

Get Full Report Here: https://www.24chemicalresearch.com/reports/299623/palmbased-oleochemicals-market

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🌍 Outlook: The Future of Palm-based Oleochemicals Is Sustainable and High-Value

The palm-based oleochemicals market is experiencing a significant transformation. While traditional applications continue to drive volume, the industry is heavily investing in sustainable sourcing, circular economy models, and high-value specialty applications.

📈 Key Trends Shaping the Market:

• Accelerated adoption of RSPO and other sustainability certifications across the supply chain

• Growing demand for bio-based and biodegradable products in personal care and home care

• Expansion into niche markets such as green pharmaceuticals and bio-lubricants

• Technological advancements in processing for higher purity and functionality

Get Full Report Here: https://www.24chemicalresearch.com/reports/299623/palmbased-oleochemicals-market

The companies listed above are not only supplying essential renewable chemicals—they’re leading the global transition towards a more sustainable bio-based economy.