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Rising Adoption of Bio-based Plastic To Propel Oleochemicals Sales Past US$ 48.61 Bn by 2032

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The global oleochemicals market size is expected to be valued at US$ 48.61 Bn in 2032. Increasing usage of bio-based and renewable chemicals in pharmaceuticals, food & beverages, and personal care & cosmetics industries is projected to foster growth in forthcoming years.

High demand for biodegradable and sustainable chemicals for reducing the dependence on petrochemicals is also set to aid growth. As per Fact.MR, sales in the global oleochemicals market are anticipated to reach US$ 28.76 Bn in 2022, exhibiting growth at a CAGR of 5.4% over the forecast period (2022-2032).

Increasing initiatives by manufacturers to replace chemically-derived products with bio-based chemicals to lower reformulation, as well as re-equipping cost and time are likely to bolster growth. In addition to that, high demand for bio-based plastics from various end-use industries is anticipated to augur well for the market.

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Moreover, demand for glycerol is set to surge with the decreasing consumption of synthetic products, such as propylene glycol and Diethylene Glycol (DEG). It would further promote biodiesel production and enable companies to invest in the development of alternative methods for purifying crude glycerin.

Surging demand for oleochemicals in the pharmaceutical industry for the manufacturing of a wide range of drugs is another vital factor that would propel growth. Rising inclination of millennials towards organic and natural personal care products is also expected to spur growth.

Besides, increasing production of palm oil and palm kernel in the U.S. is projected to push sales of oleochemicals in the country. China, on the other hand, is set to exhibit considerable growth stoked by rising government initiatives to accelerate the production of green chemicals.

Key Takeaways:

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  • The U.S. oleochemicals market is anticipated to record steady growth at a CAGR of 6% in the forecast period from 2022 to 2032.
  • High demand for fatty acid methyl ester to push the China oleochemicals market at 6.2% CAGR in 2032.
  • Based on type, the fatty acid segment is projected to generate a market share of about 52.1% during the forthcoming years.
  • By application, the pharmaceuticals and personal care category is set to hold a 32.1% market share in 2032.
  • North America is likely to generate a lion’s share of about 33.1% in the oleochemicals market by 2032.

Growth Drivers:

  • Shifting preference for eco-friendly products and high cost of petrochemical products are expected to push growth.
  • Usage of oleochemicals as fatty acids for the production of varnishes, lubricants, surfactants, detergents, and soaps is likely to drive growth.

Restraints:

  • Pre-treatment of low-quality glycerin solutions can often release Volatile Organic Compounds (VOCs), which may hamper growth.
  • Decomposition of small molecules with low weight may lead to odor emissions and decline sales of oleochemicals.

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Competitive Landscape:

The global oleochemicals market is consolidated with the presence of a few key players occupying a high share. The majority of these key players are investing huge sums in R&D activities, as well as striving to produce bio-based lubricants by using oleochemicals, such as soybean oil.

Meanwhile, some of the other companies are aiming to strengthen their product portfolio, expand customer base, and develop new manufacturing facilities by focusing more on mergers and acquisitions.

For instance,

  • In June 2021, Arkema, a specialty chemicals and advanced materials manufacturer based in France, expanded its global production capacity of Oleris advanced bio-materials by 50%. The newly developed production capacity will be a part of the company’s previously announced bio-factory that is currently under construction in Singapore.
  • In September 2020, Emery Oleochemicals, a leading manufacturer of high-performance specialty chemicals headquartered in the U.S., unveiled its latest product line of general-purpose fatty acid esters named EMERY E. The product line would act as an eco-friendly alternative to petrochemical-based materials.

Key Companies Profiled by Fact.MR

  • Emery Oleochemicals
  • BASF
  • Wilmar International
  • Du Pont
  • Solvay
  • Musim Mas Group
  • Croda International
  • IOI Group
  • Cargill Inc.

More Valuable Insights on Oleochemicals Market

In the latest study, Fact.MR offers a detailed study on global oleochemicals market for the forecast period of 2022 to 2032. This study also highlights key drivers promoting the sales of oleochemicals through detailed segmentation as follows:

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By Type:

  • Fatty Acids
  • Fatty Alcohol
  • Glycerin
  • Other Types

By Application:

  • Pharmaceuticals & Personal Care
  • Food & Beverages
  • Soaps & Detergents
  • Polymers
  • Other Applications

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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Key Questions Covered in the Oleochemicals Market Report

  • What is the projected value of the oleochemicals market in 2022?
  • At what rate will the global oleochemicals market grow until 2032?
  • Which are the factors hampering the growth in the oleochemicals market?
  • Which region is expected to lead in the global oleochemicals market during 2022-2032?
  • Which are the factors driving the oleochemicals market during the forecast period?
  • What is the expected market value of the oleochemicals market during the forecast period?

Explore Fact.MR’s Coverage on the Chemicals & Materials Domain

Internal Boiler Treatment Chemicals Market: Increasing launch of distinct and industry-specific internal boiler treatment chemical systems is likely to augment the market. Besides, urgent need to treat feed water to ensure optimized steam generation is expected to drive growth.

Feedwater Treatment Chemicals Market: Emergence of novel additives to reduce the risk of shortened service life, leakage, clogging, and extra downtime in industrial water treatment systems is projected to augment growth. In addition, governments of various countries are set to implement strict norms to treat and reuse feedwater, which would push growth.

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Electroplating Chemicals Market: Increasing usage of electroplating chemicals to engrave, coat, and clean metallic surfaces is anticipated to augur well for the global market. Growing production of printed circuit boards in combination with other electronic devices is another crucial factor that is expected to boost the market.

Chiral Chemicals Market Report: Leading players in the pharmaceutical industry are creating new strategies that highlight the importance of obtaining enantiomeric purity of their products. This is expected to further boost the demand for chiral chemicals in this space.

High Purity Aluminium MarketEast Asia is the largest semiconductor manufacturer in the world, especially Taiwan and China. Therefore, demand concentration of high purity aluminium is closely connected to the growth of the semiconductor industry in Taiwan.

Liquid Polybutadiene Market: The primary goal of Fact.MR’s report on the liquid polybutadiene (LPBD) market is to provide insights on demand generators, market scenario, and technological advances in the field. The report also provides a breakdown detailing major sectors, which identifies insights into market dynamics, including the drivers, restraints, opportunities, trends, and price analysis

Aliphatic Solvents Market: According to Fact.MR, the global aliphatic solvents market is poised to reach US$ 3 billion by 2031, expanding at a CAGR of 5% across the forecast period. The U.S. shall generate maximum demand for aliphatic solvents globally, while China is expected to cement its dominance in the Asia Pacific market.

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High Performance Polymers Market: A recent study by Fact.MR on the high performance polymers market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market.

Activated Carbon Market: The global activated carbon market has witnessed strong growth owing to growing demand for water treatment applications, development in technology, increasing awareness about health, and rising capability of people to obtain medical services.

Artificial Intelligence

Scorpios’ Summer Cultural Series Redefines AI & Visual Art in Mykonos & Bodrum

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LONDON, July 3, 2024 /PRNewswire/ — Scorpios, the renowned beach concept and creative gathering place, in partnership with art tech pioneers HOFA Gallery, announces ‘Evolving Perspectives’ the second edition of their Encounters summer arts programme. Running from 18 July to 18 September, this 9-week series expands to take place across Scorpios’ two stunning beachfront locations, Mykonos and the newly opened Bodrum.  Featuring immersive installations and live music performances, the programme will showcase AI and visual artists, headlined by Joseph Klibansky, Random International, and Sougwen Chung – all revered for pushing the boundaries of art and technology.

Building on the success of 2023’s inaugural edition launched with Turkish AI artist and director Refik Anadol, his special collaboration with the Yawanawa Indigenous communities of Brazil’s Amazon, was regarded as a profound exploration of the relationship between human consciousness and nature. Over half a million people attended last year’s programme, generating $3 million in artwork sales, with Refik Anadol’s Yawanawa heritage project alone selling out in hours and raising $1.5 million for the preservation campaign. 
HOFA Co-founder Elio D’Anna says: “The 2023 season of Encounters was a groundbreaking and very successful programme that brought together AI and digital artists, musicians, and an audience of global changemakers and creatives through a series of live performances and installations. 
“This year’s ‘Evolving Perspectives’ programme continues to push boundaries, making it the most exciting synchronisation of visual art and cultural engagement, while also delivering a very powerful message on the power of AI and human-machine collaboration to help us achieve a more harmonious coexistence with nature.” 
The Mykonos lineup headlines Dutch contemporary artist Joseph Klibansky from 18-21 July 2024. Celebrated for his innovative use of technology in art and sculpture, will present ‘Tree of Life’ merging digital art with environmental stewardship. This collection creates a unified visual narrative rich in depth and storytelling, featuring intricate patterns and vibrant colours inspired by nature. The new ‘Tree of Life’ collection includes a large-scale video sculpture installation to be exhibited at Scorpios Mykonos, along with 1,000 unique digitally painted fine art prints with a matching digital companion. Each artwork boasts its own unique traits, ensuring every piece is one-of-a-kind.
Moreover, Klibansky combines visual art with environmental awareness. For every artwork sold, the partnering non-profit One Tree Planted will plant physical trees in the Amazon. 
In Bodrum between 22-25 August 2024, the art group Random International, a German duo with studios in London and Stockholm, will present an immersive installation that invites visitors to engage physically with a seemingly sentient, digital swarm. Titled ‘When Tomorrow Comes’, the work features a custom tracking system and flocking algorithm to create an interactive digital sculpture blending technology with human perception and interaction. 3 sets of 150 limited signed edition prints of ‘When Tomorrow Comes’ will be available for purchase.
A global name in human-machine collaboration, and multi-award winning Chinese-Canadian artist Sougwen 愫君 Chung will perform a live showcase with the robotic system D.O.U.G. (Drawing Operations Unit Generation at Scorpios Bodrum between 5-8 September 2024. The single scheduled performance during that weekend offers a unique opportunity to experience their groundbreaking collaborative work. Chung’s innovative approach to combining human artistry with AI technology has earned them international acclaim, including a spot on TIME Magazine’s TIME100 AI list as one of the world’s most influential people in AI and the TIME Impact Award 2024.
Accompanying the performance will be the debut of ‘Genesis II: Body Machine’, a collection of unique artworks. The works in ‘Body Machine’ speculate on the future of the robotic form intertwined with the human body. Each bespoke work is generated from the artist’s drawing choreography captured in three dimensions and paired with exclusive signed prints. 
All prints and digital artworks will be available for purchase through Scorpios Collect.
The headline artist events are also supported by a programme of featured AI and visual artists, encompassing music into these collaborative events, they will take place throughout the 2024 summer season in both Mykonos and Bodrum. 
Scorpios Co-Founder Thomas Heyne says: “We use digital art to create holistic experiences. Interaction and immersion enhance the overall experience, taking guests on a journey where they feel inspired. We are excited to welcome Joseph Klibansky, Random International, and Sougwen Chung to this year’s Encounters program, showcasing how AI can teach us about living in harmony with nature.”
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Media contact: Emma-Louise O’Neill; [email protected]; +44 7515 136909 
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Two Belgian hospitals live with Sectra’s public cloud service for medical imaging based on Microsoft Azure

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LINKÖPING, Sweden, July 3, 2024 /PRNewswire/ — Two hospitals in Belgium are successfully live with the public cloud service from international medical imaging IT and cybersecurity company Sectra (STOCKHOLM: SECT-B). As the first to use Sectra One Cloud in the Benelux countries, the two hospitals have begun experiencing the benefits of a cloud service such as improved ability to share resources between the sites and more streamlined workflows.

In the city of Bruges in Belgium, the hospitals AZ Sint Lucas and AZ Sint Jan began their journey to the cloud following a contract with Sectra signed in 2023. As the first in the Benelux countries to adopt Sectra’s enterprise imaging as a fully managed service in the public cloud, these hospitals have now gone live with the service.
One of the main reasons for this shift was the need to streamline operations and enhance collaboration between the two sites. Since 2021, the 23 radiologists and nine trainees of both hospitals have worked together in one single association. Previously, they were unable to work in one environment as they were using two different PACS providers. This made it much harder to collaborate. This need originates from the challenge many hospitals face today of dealing with heavy workloads. 
“With an aging population come increasing needs. We are already experiencing a lack of resources and heavier workload. With more and more exams to report on and a shortage of staff, our radiologists are having a hard time coping with the everyday workload. A state-of-the art communal PACS system could help streamline workflow and improve efficiency,” says Dr. Jesse Marrannes, radiologist at AZ Sint-Jan and main medical responsible for this PACS project.
Bart Thielen, Managing Director, Sectra Benelux, adds: “Healthcare today needs to be able to cope with the increasing need for diagnostics and specialized care. Transitioning to the cloud is the first step for hospitals wanting to use new technology to cope with these challenges, as the service offers the needed scalability and security. Many hospitals also deal with staff shortages when it comes to qualified IT staff. I am very happy to offer a solution that will take away some of the stress and resources usually needed to manage the system.”
He continues: “AZ Sint Jan and AZ Sint Lucas pave the way for the transition to public cloud for medical imaging in the Benelux and I’m excited to follow their journey.”
The service is based on Microsoft Azure and fully managed by Sectra. The hospitals saw the potential of the service helping to relieve burden on their IT staff and resources. “The fact that it is a fully managed service and deployed in the cloud gives us more time to focus on the care of our patients rather than on the maintenance of the IT-system and the storage and accessibility of data,” said Annelies Meyns, Head of ICT Applications at AZ Sint Jan, when the project was initiated.
The implementation process began shortly after the contract was signed, with Sectra closely collaborating with hospital teams to ensure a seamless transition. “Moving everything to the cloud is a monumental task, but Sectra’s commitment made it manageable and efficient,” says Jurryt Laleeuwe, Head of ICT Applications at AZ Sint Lucas.
The cloud service is now fully operational, bringing notable enhancements. “The new system has already enhanced our ability to share resources and collaborate on patient cases. The ability to tailor our workflows has also greatly benefited our radiologists, especially for overarching multidisciplinary team meetings” says Dr. Pieter Vandaele, Head of the Department of Radiology at AZ Sint Lucas.
He continues: “The implementation and experience so far have been very positive, and I look forward to seeing the ongoing benefits of this cloud service.”
Sectra’s enterprise imaging solution provides a unified strategy for all imaging needs while lowering operational costs. The scalable and modular solution, with a VNA at its core, allows healthcare providers to grow from ology to ology and from enterprise to enterprise. Visit Sectra’s website to read more about Sectra and why it’s top-ranked in “Best in KLAS.”
About SectraSectra contributes to a healthier and safer society by assisting health systems throughout the world to enhance the efficiency of care, and authorities and defense forces in Europe to protect society’s most sensitive information. The company, founded in 1978, is headquartered in Linköping, Sweden, with direct sales in 19 countries, and distribution partners worldwide. Sales in the 2023/2024 fiscal year totaled SEK 2,964 million. The Sectra share is quoted on the Nasdaq Stockholm exchange. For more information, visit Sectra’s website.
For further information, please contact:Dr. Torbjörn Kronander, CEO and President Sectra  AB, 46 (0) 705 23 52 27 Marie Ekström Trägårdh, Executive Vice President Sectra AB and President Sectra Imaging IT Solutions, 46 (0)708 23 56 10
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Barrington James Announces Strategic Acquisition of S3 Science Recruitment

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LONDON, July 3, 2024 /PRNewswire/ — Barrington James, a global leader in Life Science Recruitment, proudly announces the acquisition of S3 Science Recruitment, a firm renowned for its expertise in drug discovery, medical research, and the broader field of life sciences. Terms of the transaction were not disclosed.

This strategic acquisition marks a significant milestone for Barrington James, enhancing the company’s commitment to expanding its client-service capabilities and supporting the development of cutting-edge technology. This integration will provide clients with greater access to exceptional talent on both a permanent and temporary basis.
Dan Barrington, CEO of Barrington James, stated: “We are thrilled to acquire S3 and expand our Human Capital services in Life Sciences. This acquisition enhances our offerings across Board and Executive partnerships, Permanent Recruitment, Contract Recruitment, Staffing, OSP, and FSP. S3’s expertise in Clinical and Pre-Clinical specializations, both on a temporary and permanent basis, will perfectly complement Barrington James’ comprehensive Life Science services, from Clinical to Post-Marketing, A.I., and beyond. We are excited to collaborate with Alex Barrie, and his team, and we look forward to significantly growing S3 in the coming years.”
Alex Barrie, Director of Recruitment at S3, stated: “Clients of S3 Science Recruitment can expect a seamless transition, marked by the same dedication to excellence and personalized service they have come to rely on. Like Barrington James, we are deeply committed to delivering exceptional value and support to all our clients. By integrating the strengths of both companies, we are not only maintaining our high standards but also elevating them. The exciting integration of S3 Science into Barrington James enables us to offer an even broader and more comprehensive range of staffing solutions, ensuring that our clients benefit from a superior recruitment experience.”
About Barrington James:
Barrington James is a global, industry-leading recruitment business serving the Pharmaceutical, Biotechnology, and Medical Device sectors. With a global presence and a team of hundreds of specialists, we deliver world-class recruitment solutions to life science companies of all sizes. Leveraging a network of over 6 million industry professionals and advanced AI platforms, our expert consultants provide a personalized approach to global life science recruitment. For more information, please visit barringtonjames.com.
About S3 Science Recruitment:
S3 Science Recruitment connects talented individuals with leading organizations and institutions across the UK, Europe, and the United States. Our mission is to enable groundbreaking discoveries and life-saving treatments today. Specializing in drug discovery, medical research, and the broader Life Sciences field, we support the UK’s leadership in developing cures and treatments. Since 2002, S3 Science Recruitment has helped Life Sciences organizations find passionate individuals dedicated to medical advancement, particularly in animal research. We believe attracting talent to this vital industry is just the beginning of greater achievements. For more information, please visit s3science.com.
CONTACT: Amy TilburyHead of [email protected]+44 (0) 1293 776644
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