Global Palm Methyl Ester Derivatives Market Size Study & Forecast, by Product (Palm Methyl Caprylate, Palm Methyl Laurate, Palm Methyl Myristate, Palm Methyl Palmitate, Palm Methyl Stearate, Palm Methyl Oleate, Palm Methyl Linoleate) by Source (Crude palm

Global Palm Methyl Ester Derivatives Market Size Study & Forecast, by Product (Palm Methyl Caprylate, Palm Methyl Laurate, Palm Methyl Myristate, Palm Methyl Palmitate, Palm Methyl Stearate, Palm Methyl Oleate, Palm Methyl Linoleate) by Source (Crude palm Oil, Palm Kernel Oil), by End Use (Soaps & Detergents, Personal Care & Cosmetic Products, Food & Beverages, Lubricants & Additives, Solvents) and Regional Analysis, 2022-2029

Global Palm Methyl Ester Derivatives Market is valued at approximately USD 1.79 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.3 % over the forecast period 2022-2029. Biodiesel (methyl esters) is defined as a clean alternative fuel which is mainly derived from renewable resources. Palm oil and other vegetable-based oils are mainly used as feedstock for biodiesel production. Moreover, derivatives of palm Methyl Ester have application in a wide range of industries such as chemical intermediates in surfactants including soaps & detergents. The increasing expansion of the soap & detergent industry worldwide and shifting consumer preferences for natural materials are key factors driving the market growth.

The increasing expansion of the soap & detergent industry is contributing towards the growth of the Global Palm Ester Derivatives Market. For instance – as per Statista – as of 2019, the global laundry detergent market was valued at USD 120 billion, and the market is further projected to reach USD 180 billion by 2026. Also, rising demand for food emulsifiers as well as high demand from the personal care and cosmetic industry would create a lucrative growth prospectus for the market over the projected period. However, the limited availability of raw materials and concern over deforestation for palm tree framing hinder the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Palm Methyl Ester Derivatives Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing demand for organic ingredient-based products as well as the presence of leading market players in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the rising expansion of a wide range of industries, such as food and beverage, personal care, biodiesel, and lubricants and availability of low-cost raw materials in the region.

Major market player included in this report are:
Musim Mas
Oleon NV
KLK Oleo
Wilmar International Limited
VVF LLC
Emery Oleochemicals Group
Carotino Group
Ecogreen Oleochemicals
Kao Corporation
Apical Group

Recent Developments in the Market:
 In May 2022, Olean NV announced the development of a new production facility in Baytown, Texas, near Houston. The facility is scheduled to open by the end of 2023. This expansion aims to increase ester production.

Global Palm Methyl Ester Derivatives Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Source, End Use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Palm Methyl Caprylate
Palm Methyl Laurate
Palm Methyl Myristate
Palm Methyl Palmitate
Palm Methyl Stearate
Palm Methyl Oleate
Palm Methyl Linoleate
By Source:
Crude Palm Oil
Palm Kernel Oil
By End-use:
Soaps & Detergents
Personal Care & Cosmetic Products
Food & Beverages
Lubricants & Additives
Solvents

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned
Musim Mas
Oleon NV
KLK Oleo
Wilmar International Limited
VVF LLC
Emery Oleochemicals Group
Carotino Group
Ecogreen Oleochemicals
Kao Corporation
Apical Group

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