Methyl Oleate Market – Global Industry Analysis and Forecast (2024-2030)

Methyl Oleate Market size was valued at US$ 1.95 Bn. in 2023 and the total revenue is expected to grow at CAGR 4.37% through 2024 to 2030, reaching nearly US$ 2.63 Bn.
Methyl Oleate Market Overview:
Methyl Oleate is a fatty acid methyl ester obtained from the condensation of the carboxy group of oleic acid (canola, soybean canola and other vegetable oils) with methanol. It is also known as oleic acid methyl ester with a chemical formula of C19H36O2.Methyl oleate is used as an intermediate agent for detergents,textile treatments, emulsifiers, wetting agents, stabilizers, plasticizers for duplicating inks, rubbers, waxes etc. It is also used as a chromatographic reference standard in biochemical research field.To know about the Research Methodology :- Request Free Sample Report

Methyl Oleate is a fatty ester derivative and used for wide range of applications including agrochemicals, bio-fuel, cleaners, lubricants, metal working fluid, oiling agent for textile, solvent, and personal care cosmetic products.Methyl oleate is also used as a chemical for the production of ester based detergent surfactants such as sulphonated methyl esters, methyl ester ethoxylates, and alkanolamides.
Methyl Oleate Market Dynamics:
Methyl Oleate market is showing significant growth due to its increasing use as eco-friendly alternative used in pesticide preparations. In the pesticide industry Methyl oleate is used as a substitute for methylbenzene, dimethyl benzene and solvent oil. Methyl Oleate is preferred over other chemicals owing to its low toxicity and environmental friendly properties. It is also used as an oil carrier and co-solvent in the agriculture industry. Rising demand for natural and eco-friendly products has added to exponential growth of the market.

The Methyl oleate is used to produce bio-degradable and natural paints used in the construction and infrastructure industry.The demand for oleate esters is expected to increase during forecast period due to the rising awareness among the peopleto use eco-friendly paints over synthetic paints.

Thanks to the rising demand for methyl oleate in chemical industry is expected to play a significant role in the growth of the Methyl Oleate Market during the forecast period.In chemicals industry it is used in metal working as lubricants, in cleaning as solvent, and degreaser applications.

An Increasing use of Ethyl Oleate is expected to restrain the market demand for methyl oleate during the forecast period. The availability of the chemical alternatives in pesticides, metal working industry, lubricants, and other application has resulted in the growing use of other chemicals.The cost for methyl oleate is also a concern for the global methyl oleate manufacturers.
Methyl Oleate Market Segment Analysis:
Based on the Product Type, the market is segmented into 99% Purity and 70% Purity type. 99% purity type paste type segment captured the largest market share by xx% in 2023. The 99% purity type segment is expected to grow with a CAGR of 5.1% during the forecast period. 99% purity methyl oleate is used as an intermediate for detergents, emulsifiers, wetting agents, stabilizers, textile treatments, plasticizers for duplicating inks, rubbers and waxes. The growing demand for this product is increasing continuously due to its wide application resulting growth in 99 % purity Methyl Oleate Market.

The 70% purity type segment is expected to grow significantly during the forecast period, owing to its low cost and easier availability.

Based on Application, the market is segmented into Agrochemicals, Metal Working Fluid, Cleaning Chemical, Printing Inks, and others. Agrochemicals segment has dominated the Methyl Oleate Market in 2023 and held the 32.1% of global market share owing to rapid development and use of new technology in agriculture. As demand is growing for this segment, manufacturers are focusing on the introduction of advanced technology for the product, which fuels a high growth rate for this segment.

Metal working fluid segment is expected to grow rapidly with a CAGR of xx% during forecast period. Due to changing trends and needs in industries where metal working fluid plays a key role, the metal working fluid segment is expected to increase its consumption of methyl oleate esters in its formulations.
Methyl Oleate Market Regional Insights:
The Asia Pacific region is the largest Methyl Oleate Market consumer in the world during 2023 and it has accounted for 34.6 % market share. The Asia Pacific region is expected to dominate the worldwide methyl oleate market during forecast period, with China being a prominent player due to a considerable increase in demand from various applications such as metal working fluids and agrochemicals, among others. India and China are significant contributors to the market, owing to their strong agrochemicals industries and high fertiliser and pesticide use.

North America has occupied significant Methyl Oleate Market share accounted 26.92% in 2023. Numerous production facilities, excellent access to raw materials, and increased R&D activity are all helping Asia-Pacific expand. The Middle East and Africa is projected to witness moderate rise in demand over the forecast period, due to easy access to key raw materials. The increased agricultural productivity in South America has also resulted in a significant increase in demand for methyl oleate.

The objective of the report is to present a comprehensive analysis of the Methyl Oleate Marketto the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Methyl Oleate Marketdynamic, structure by analyzing the market segments and project the Methyl Oleate Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Methyl Oleate Marketmake the report investor’s guide.
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Global Methyl Oleate Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 1.95 Bn.


Forecast Period 2024 to 2030 CAGR:
4.37%
Market Size in 2030:
US $ 2.63 Bn.


 Segments Covered:
by Product type
99% Purity
70% Purity


by Application
Agrochemicals
Metal Working Fluid
Cleaning Chemical
Printing Inks
others


by Source
Palm Oil
Canola Oil
Soyabean Oil
Others



Methyl Oleate 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)
Methyl Oleate Market Key Players
1. Acme Synthetic Chemicals
2. Hebei Jingu Plasticizer
3. KLK OLEO
4. Victorian Chemical Company
5. Tri-Tech Chemical Company
6. Wuhan Spring Pharmaceutical Technology
7. Longhai Shengwu
8. Jinrui Lvyuan Biological
9. Croda International Plc.
10. Wilmar International Ltd.
11. Tokyo Chemical Industry Co. Ltd.
Frequently Asked Questions:
1] What segments are covered in Methyl Oleate Market report?
Ans. The segments covered in the Methyl Oleate Market report are based on Product Type and Application.

2] Which region is expected to hold the highest share in theMethyl Oleate Market?
Ans. Asia pacific region is expected to hold the highest share in the Methyl Oleate Market.

3] What is the market size of Methyl Oleate Market by 2030?
Ans. The market size of Methyl Oleate Market by 2030 is US $ 2.63 Bn.

4] Who are the top key players in the Methyl Oleate Market?
Ans.Acme Synthetic Chemicals, Hebei Jingu Plasticizer, KLK OLEO, Victorian Chemical Company, Tri-Tech Chemical Company, Wuhan Spring Pharmaceutical Technology, Longhai Shengwu, Jinrui Lvyuan Biological, Croda International Plc.,Wilmar International Ltd., Tokyo Chemical Industry Co. Ltd.

5] What was the market size of Methyl Oleate Marketin 2023?
Ans. The market size of Methyl Oleate Marketin 2023 was US $ 1.95 Bn.