Oleochemicals are highly beneficial chemicals that are sourced from plant and animal fats. Oleochemicals are sourced from natural raw materials such as, castor oil, vegetable oil, soybean oil, animal oils & fats and also from petrochemical feedstock. Oleochemicals are witnessing increasing popularity as they can be substituted for the petroleum-derived products. The growing environment concerns are driving the adoption of biodegradable chemicals, which is further fueling the growth in the Oleochemicals Market.