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Corn Oil Market By Applications (Biodiesel, Cooking Oil, Soap Making, Paints, Textiles) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023

Corn oil is well known as a healthy edible oil and is widely used as cooking oil worldwide. Corn oil has various therapeutic properties, which make it vulnerable to its use in multiple applications. It also provides various health benefits, such as lowering cholesterol, improving heart health, lowering blood pressure, and acting as an emollient for the skin, among others. These factors have led to a high demand for corn oil in the market. Corn oil is widely used as biodiesel feedstock and is expected to experience high demand from the market, especially in Europe. Stringent environmental regulations have led to increased demand for biofuels in the region.

Hence, corn oil is expected to experience high demand from the European market soon. Cooking oil accounted for the second-largest application segment of corn oil and is anticipated to fuel its growth shortly. Growing demand for corn oil as cooking oil due to its health benefits has led to high demand from the market. Asia Pacific accounted for the second largest market for corn oil due to the growing demand for corn oil as cooking oil in most of the countries in the region. Hence, high demand is reported for corn oil from Asia Pacific shortly. Other applications of corn oil, such as soap making, paints, textiles, pharmaceutical preparations, and others, are projected to boost the high demand for corn oil shortly.

Purpose of the Report

The purpose of this strategic research study titled "Global Corn Oil Market: Growth, Share, Opportunities, and Competitive Analysis, 2015–2023" is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global corn oil market.

Target Audience

  • Industry Investors
  • Corn oil providers and vendors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers and Buyers
  • Product Suppliers and Buyers
  • Research Institutes

The report titled "Global Corn Oil Market: Growth, Share, Opportunities, and Competitive Analysis, 2015–2023" offers strategic insights into the global corn oil market along with the market size and estimates for the duration of 2015–2023. The research study covers an in-depth analysis of multiple market segments based on end-user applications and a cross-sectional study across different geographies. To help strategic decision-makers, the report also includes competitive profiling of the leading corn oil vendors, their expansion strategies, market positioning, and the latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within the corn oil industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2013–2014)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global corn oil market in terms of growth, offering market size and estimates for the period from 2015 to 2023, keeping in mind the factors mentioned above.

Based on its application, the corn oil market is categorized into the following segments:

  • Biodiesel
  • Cooking Oil
  • Soap Making
  • Paint
  • Textiles
  • Pharmaceutical Preparations
  • Others (inks, insecticides, etc.)

Corn oil has many beneficial properties, making it vulnerable to its use for a wide range of applications in the market. Corn oil is a healthy edible oil and is, therefore, widely used for cooking. The therapeutic properties of corn oil are the primary factor boosting demand for corn oil as cooking oil. Apart from medicinal properties, corn oil's chemical and physical properties have led to high demand from various end-user industries. Based on applications, the global corn oil market is segmented into biodiesel, cooking oil, soap making, paint, textiles, pharmaceutical preparations, and others. Among these, biodiesel accounted for a significant share of the global corn oil market in 2015 and is anticipated to rise shortly.

Corn oil is known to meet the feedstock market's demand. Corn oil is expected to displace other edible oils for biodiesel production. Hence, high demand is anticipated for corn oil from biodiesel manufacturers in the market worldwide. Cooking oil accounted for the second largest market for corn oil in terms of order and is expected to increase shortly. Corn oil is a healthy edible oil with many health benefits, such as lowering cholesterol, improving heart health, lowering high blood pressure, and being suitable for skin and hair. These properties have led to a high demand for corn as cooking oil in the market. Soap making accounted for the third largest market for cooking oil and is anticipated to boost the increased demand for corn oil in the market. Corn oil is known to have beneficial properties for skin and hair. Therefore, due to these beneficial properties of corn oil, it is widely used in the manufacture of soap. Corn oil is also used in other applications such as paints, textiles, and pharmaceutical preparations, among others, and high demand is expected from these industries shortly.

On the basis of geography, the global corn oil market is segmented into the following categories:

  • North America
  • U.S.
  • Canada
  • rest of North America
  • Europe
  • France
  • Germany
  • UK
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
  • Latin America
  • Mexico
  • Brazil
  • rest of Latin America
  • Middle East and Africa (MEA)
  • UAE
  • Israel
  • rest of MEA

North America accounted for a larger share of the global corn oil market in 2015 and is expected to increase shortly. North America produces about half of the total harvest. In Canada, around 32,300 farms reported the planting of 1.63 million hectares of corn. In addition, corn is the third most valuable crop in Canada, thus driving the market for corn oil in North America. Therefore, high demand for corn oil for a wide range of applications in the region is expected. Asia Pacific followed North America in terms of demand and is expected to rise during the forecast period from 2016 to 2023. The growing consumption of corn oil as an edible oil in major countries of Asia Pacific has led to high demand for corn oil in the region.

Due to the beneficial properties of corn oil, many countries cultivate corn, another factor boosting the growth of the global corn oil market in the area. Corn oil is widely used as a healthy edible oil for cooking, baking, and frying. It is also known to be cheaper than other edible oils available on the market. These factors have promoted the demand for corn oil in the region, thereby leading to the growth of the global corn oil market. Europe accounted for the third largest market for corn in 2015. Growing demand for corn oil as a biodiesel feedstock has led to high demand for corn oil in the region. Hence, Europe is anticipated to boost the increased demand for corn oil. Other areas, such as Latin America, the Middle East, and Africa, are also expected to contribute to the growth of the global corn oil market during the forecast period from 2016 to 2023.

Frequently Asked Questions:

The market for Corn Oil Market is expected to reach US$ 100 million in 2023.

The Corn Oil Market is expected to see significant CAGR growth over the coming years, at 50%

The report is forecasted from 2016-2023.

The base year of this report is 2015.

Northrop Grumman Corporation,General Atomics Aeronautical Systems, Inc.,Israel Aerospace Industries Ltd.,Boeing Company,Lockheed Martin Corporation are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jul 2016
Category:  Chemicals
Report ID:   58026
Report Format:   PDF
Pages:   214
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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