As per the oleo chemical market analysis report, the global oleo chemical market share/size is oversupplied with 3 MMT of fatty acids and alcohols. The economic slowdown, drop in the trade volume (~23 percent), and biodiesel demand are the driving factors with a considerable rise in the trade volume. Additionally, the preference for natural chemicals is also expected to drive the oleochemical demand from natural oils due to an increased focus on sustainability factors.