Oleamide Market

Oleamide Market Outlook (2023 to 2033)

Based on the analysis by Fact.MR, the global oleamide market is estimated to be valued at US$ 138.7 Mn in 2023 and it is expected to grow at a CAGR of 4.3% to reach US$ 211.4 Mn by the end of 2033.

Oleamide is a derivative of Oleic Acid (major omega-9 fatty acid from Olive Oil) with a nitrogen group. It is naturally associated with sleep. It activates the same receptors as Marijuana. Oleamide is most often used for sleep.

With its popularity growing across several industries, the oleamide market is going through a global development. In the plastics and packaging industries, oleamide, a unique fatty acid amide has several uses as a sleep agent and anti-blocking agent. Oleamide is more in demand because it makes handling and processing polymers and packaging materials easier.

Report Attributes	Details
Oleamide Market Size (2022A)	US$ 133.0 Million
Estimated Market Value (2023E)	US$ 138.7 Million
Forecasted Market Value (2033F)	US$ 211.4 Million
Global Market Growth Rate (2023-2033)	4.3% CAGR
China Market Growth Rate (2023-2033)	5.9%
US Market Growth Rate (2023-2033)	4.1% CAGR
Key Companies Profiled	Sino Sunman International Lysurf Chemical Co. Ltd Western reserve Chemicals Colonial Chem. Haihang Industry Co. Ltd PMC Biogenix PCC Group Nano Pouyesh Kimiya Co. (NPK).

Historic and Future Pathway Analysis for the Oleamide Market

The therapeutic potential of oleamide for treating anxiety, sleep problems, and other illnesses will be further investigated by pharmaceutical firms, which will result in the creation of new medications.

The application of oleamide will diversify in the future across a variety of sectors. Its use in industrial applications, personal care goods, and food packaging is set to increase in the future. Demand for personal care and medicinal goods containing oleamide will be driven by rising disposable income and evolving lifestyles.

Future market expansion will likely be fuelled by increased Research and Development initiatives, new applications, and rising demand from emerging nations.

• Short-term (2023-2026): Increased pharmaceutical and personal care demand is anticipated to fuel the consistent expansion of the oleamide market. The market's growth will likely be supported by an already established personal care and cosmetics market.
• Medium-term (2026-2029): Oleamides's advantages will be investigated concurrently by sectors including food packaging and industrial lubricants which will result in the rise in use in these fields. The market will experience more competition, which will force businesses to distinguish their products via quality, sustainability, and distinctive uses.
• Long-term (2029-2033): With well-established medications that address a range of diseases, the pharmaceutical uses of oleamide will have solidified their position in the market. The market will continue to rise in emerging nations where urbanization and industrialization are driving oleamide demand for a variety of industrial applications.

On the back of the aforementioned facts, the oleamide market is anticipated to grow at a CAGR of 4.3% during the forecast period from 2023-2033, According to the Fact.MR, a market research and competitive intelligence provider.

Market Dynamics Outlook

“Burgeoning demand of oleamide in a variety of sectors”

Growing uses of oleamide globally have led to an increase in Oleamide demand. It is predicted to have considerable growth over the next few years as a result of rising demand and a wide range of uses in a variety of sectors. The market will grow as a result of its uses in food packaging, personal care products, industrial lubricants, and printing inks.

The rising awareness of personal care products and industrial uses is expected to boost the demand for oleamide as a result of urbanization and industrialization.

"Technological developments will surge the formulation techniques"

The oleamide market will be significantly shaped by improvements in production technology and manufacturing methods. Manufacturers will be able to supply the expanding demand while retaining competitive pricing because of innovations in synthesis techniques and process optimization. Additionally, the improvements in formulation technologies will boost oleamide's effectiveness and adaptability, enabling its use in a wide range of goods.

“Well established personal care and cosmetics market in U.S. and South Korea”

In the thriving cosmetics and personal care industries like U.S. and South Korea the growth of oleamide market is driven by business friendly policies of these nations. Encouraging domestic as well as international companies to invest, the market is set to flourish over the next decade.

"Rules and regulatory policies may cause a barrier in the oleamide market"

The manufacturers may face regulatory scrutiny, majorly in the industries like pharmaceuticals and food packaging. Compliance with safety and quality standards will be imperative to producers to ensure market success. By emphasizing environmental responsibility positive market image will be maintained and the demands of environmentally conscious customers can be fulfilled.

Country-wise Insights

What are the Factors Driving Oleamide Demand Across China?

The development of chemical industries in China has led to a significant increase in the oleamide demand. The demand for this chemical in China is huge and a major portion of it is imported from Indonesia and Malaysia. The high-purity oleamide which is used in the pharmaceutical and healthcare industry in foreign countries is used in the cosmetics and food industry in China.

The oleamide market size of China is expected to be US$ 28.6 Million by the end of the year 2033 and the CAGR is anticipated to be at 5.9% by the year 2033.

Why the U.S. Oleamide Market is Flourishing?

The advanced pharmaceutical industry is driving the growth of healthcare and personal care products across the US. Being the brain fatty acid or lipid originally obtained from the cerebrospinal fluid of cats that are sleep-deprived.

Oleamide can stimulate sleep. It has also been used as a supplement in glucose and galactose media to prevent the rescue of galactose-induced Leigh syndrome (LS). With a strong focus on research and development in healthcare and biotechnology, the oleamide market is thriving across the US.

Technological advancements in production processes, formulation technologies, and application development have contributed to increased adoption in multiple sectors. Policies favoring the business have encouraged domestic as well as international companies to invest in the oleamide market.

Category wise insights

Why do high-purity Oleamides have a major share in the oleamide market?

Oleamides with a purity of 98% or greater are required in medicinal formulations. For producing medications with high quality and safety it is crucial to use the oleamides of high grade.

Standard purity oleamides with a purity of 90 to 98% also have a considerable demand. With applications in industries where high purity is not a critical factor, cost-effectiveness, and consistent quality are essential.

How do the chemical processing and manufacturing applications of Oleamide drive the market?

With its versatile applications, oleamide is also used to derive certain chemicals and also in the manufacturing processes. Oleamide is mainly used for high-pressure polyethylene (LDPE) film and composite film, multi-layer co-extruded film, and gas-bag. Oleamide can also be used as the slipping agent and release agent of resins such as ethylene-vinyl acetate copolymer (EVA)

Manufacturers use oleamide as a lubricating agent. It is also used as an anti-corrosion agent and anti-blocking agent. Various kinds of properties including anti-adhesive, slipping, levelling, waterproof, moisture-proof, anti-settling, anti-fouling, and anti-static electricity have made this chemical responsible to drive the market growth.

How does the application based oleamide market is increasing?

Versatile properties of oleamide have made this chemical to be used in the multiple sectors. Manufacturers use it as a lubricating agent and as an anti-corrosion agent. It has anti-sticking and anti-static effects. The dispersion is very strong with no hydroscopic property.

Increased adoption in multiple sectors has made the application based market of oleamide to increase globally.

Prominent Player's Key Stratagems

Prominent oleamide manufacturers are Sino Sunman International, Lysurf Chemical Co. Ltd, Western Reserve Chemicals, Colonial Chem, Haihang Industry Co. Ltd, PMC Biogenix, PCC Group, and Nano Pouyesh Kimiya Co. (NPK).

Manufacturers are focusing on continuous innovation in formulation technologies and production processes. They are investing in research and development to increase the adoption of oleamide in multiple sectors.

The surge in demand for cosmetics and personal care products and industrial applications has increased competition in the industry. It has made key companies like PMC Biogenix expand their manufacturing capacity of fatty amide slip agents at its production facility in Gyeongju (also known as Kyungju).

Other key players in the market are also focusing on refining their production processes to achieve high-quality standards and purity levels. By providing consistent quality with cost-effectiveness manufacturers can gain an edge over the competitors present in the market.

Segmentation of the Oleamide Market

• By Purity :

  • ≥98%
  • ≤98%

• By Form :

  • Powder
  • Liquid

• By Application :

  • Sleep agent
  • Lubricant
  • Corrosion inhibitor
  • Solvent

• By End-Use :

  • Medicine formulations
  • Chemicals manufacturing and processing
  • Petrochemicals processing
  • Plastics and rubber production

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa