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Product name: Dimethyl ether
Product Name:Oleic acid
Alias:Metaupon; oleoate; red oil
CAS No.:112-80-1
Molecular Formula:C18H34O2
Molecular weight:282.46
MDL No.: MFCD00064242[1]
Caution: Irritating odor
In 2012, the global oleic acid production reached 7 million tons, an increase of 3.45% year-on-year. Asia accounts for 60% of production, Europe for 15% and North America for 10%. -- (2014-2019 China oleic acid market in-depth survey and investment prospect research report)
The largest markets for fatty acids such as oleic acid are located in the developed countries of chemical industry such as the United States, Europe and Japan. Its application involves many different industries, so the business risk is relatively small and the development is rapid.
In the next few years, while the oleic acid industry in developing countries is gradually growing, the global oleic acid industry will gradually shift to developing countries. At the same time, global oleic acid production will also rise simultaneously. It is expected that the global oleic acid production will increase by about 3.2%-4.6% in the next few years.