Palm Methyl Ester Derivatives Market – Global Industry Analysis and Forecast (2023-2029)

Palm Methyl Ester Derivatives Market is expected to reach US$ 2.50 Bn. by 2029, at a CAGR of 4.72% during the forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report
Palm Methyl Ester Derivatives Market Dynamics:
Rising consumer preference for natural ingredients and process sustainability in personal care, food, and other sectors and increasing consumer awareness towards bio-based products are expected to boost these products demand in the near future. This is anticipated to attract few new players during the forecast period. Palm methyl ester derivatives are essentially oleochemicals, leading to greater global demand driven by sustainability along with environmental and health concerns. In the past few years, the industry has witnessed increasing investments in R&D activities for the development of biodegradable products, which can substitute the petroleum-based ones. This, in turn, has led to increased dependence on these specialty chemicals.

Furthermore, some of the major application sectors of the products include homecare, personal care, and cosmetic products. Growing demand for CPO and PKO derived products from a wide range of sectors including personal care, home care, and food along with other industrial products such as adhesives, lubricants, paints, coatings, and inks is expected to influence product demand over the forecast period.

Based on the product, methyl oleate held the largest revenue share in 2022. This is because of high-volume demand in applications such as industrial chemicals, personal care products and cosmetics, and soaps and detergents. Furthermore, increasing use of the product as solvents in industrial cleaners, as surfactants in personal care products, as solvents & defamers in the production of inks and coatings and as a lubricant for metal cleaning & precision metal cleaning are expected to be the major factors driving the oleate demand over the forecast period. The growing demand for methyl oleate is expected to rise the market growth during the forecast period.
Palm Methyl Ester Derivatives Market Regional Insights:
The Asia Pacific was closely followed by Europe, Asia-Pacific is the largest supplier of Palm Methyl Ester Derivatives, and in 2022 the production market shares are nearly 65% and continue during the forecast period. Europe is the second largest consumption place, with a consumption market share nearly 20% in 2022. Moreover, Asia Pacific experiences yet another vital advantage of uninterrupted supply and availability of low-cost raw materials. The majority of the global palm is refined in the Asia Pacific region, mainly in Malaysia and Indonesia. Hence, the majority of the industry players are concentrated in this region and export mainly to the North American and European regions.

The report gives the present scenario and the growth prospects of the Global Palm Methyl Ester Derivatives Market. The Global Palm Methyl Ester Derivatives Market 2022-2029 has been prepared based on in-depth market analysis. The report ensures the market size and its growth forecasts over the coming years. The report also includes a discussion of the key Players operating in the Global Palm Methyl Ester Derivatives Market.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding the Global Palm Methyl Ester Derivatives Market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Palm Methyl Ester Derivatives Market.
Palm Methyl Ester Derivatives Market, Key Highlights:
1. Global Palm Methyl Ester Derivatives Market analysis and forecast, in terms of value.

2. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Palm Methyl Ester Derivatives Market

3. Global Palm Methyl Ester Derivatives Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

4. Global Palm Methyl Ester Derivatives Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

5. Global Palm Methyl Ester Derivatives Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

6. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

7. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Palm Methyl Ester Derivatives Market are also profiled.
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Global Palm Methyl Ester Derivatives Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1.81 Bn.


Forecast Period 2023 to 2029 CAGR:
4.72%
Market Size in 2029:
US $ 2.50 Bn.


 Segments Covered:
by Type
Crude Palm Oil (CPO)
Palm Kernel Oil


by Product
Methyl Caprylate
Methyl Laurate
Methyl Myristate
Methyl Palmitate
Methyl Stearate
Methyl Oleate
Methyl Linoleate


by End-use
Soaps & Detergents
Personal Care & Cosmetic Products
Food & Beverages
Lubricants & Additives
Solvents
Others



Palm Methyl Ester Derivatives Market, by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Palm Methyl Ester Derivatives Market Key Player
1. Musim Mas Group
2. KLK OLEO
3. IOI Corporation Berhad
4. VVF LLC
5. Emery Oleochemicals Group
6. Carotino Group
7. Vantage Specialty Ingredients Inc.
8. Hebei Jingu Plasticizer Co. Ltd.
9. Haiyan Fine Chemical Industry Co. Ltd.
10.PMC Biogenix Inc.
11.Peter Cremer North America L.P.
12.Timur OleoChemicals
13.Shanghai Qianwei Oil Science & Technology Co. Ltd.
14.Ecogreen Oleochemicals (Singapore) Pte. Ltd.
15.Pacific Oleochemicals Sdn Bhd
16.Kao Corporation
17.CREMER
18.Carotino Group
19.Wilmar
20.Jingu Group

Frequently Asked Questions:

1. Which region has the largest share in Global Palm Methyl Ester Derivatives Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Palm Methyl Ester Derivatives Market?
Ans: The Global Palm Methyl Ester Derivatives Market is growing at a CAGR of 4.72% during forecasting period 2023-2029.

3. What is scope of the Global Palm Methyl Ester Derivatives market report?
Ans: Global Palm Methyl Ester Derivatives Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Palm Methyl Ester Derivatives market?
Ans: The important key players in the Global Palm Methyl Ester Derivatives Market are – Musim Mas Group, KLK OLEO, IOI Corporation Berhad, VVF LLC, Emery Oleochemicals Group, Carotino Group, Vantage Specialty Ingredients Inc., Hebei Jingu Plasticizer Co. Ltd., Haiyan Fine Chemical Industry Co. Ltd., PMC Biogenix Inc., Peter Cremer North America L.P., Timur OleoChemicals, Shanghai Qianwei Oil Science & Technology Co. Ltd., Ecogreen Oleochemicals (Singapore) Pte. Ltd., Pacific Oleochemicals Sdn Bhd, Kao Corporation, CREMER, Carotino Group, Wilmar, and Jingu Group

5. What is the study period of this market?
Ans: The Global Palm Methyl Ester Derivatives Market is studied from 2022 to 2029.