Global Palm Industrial Oil Market Growth 2023-2029

Global Palm Industrial Oil Market Growth 2023-2029

The biodiesel industry is expected to become a major source of revenue for industrial oil manufacturers in the next few years due to its reduced impact on the environment. Due to the development of the chemical, biodiesel and cosmetics industries, the industrial sectors of emerging countries in the Asia-Pacific region are also growing, of which China and India are the hubs of industrial oils. The industrial oil market is divided into soybeans, corn, sunflower, cottonseed, rapeseed, palm and others (olive oil, safflower, copra, peanut, linseed / flaxseed and grapeseed). The palm oil market is expected to account for the largest share of the global market in 2019. The Asia Pacific market has witnessed rapid growth in Indonesia and Malaysia, which account for more than 85% of global palm oil. This provides growth opportunities for palm oil manufacturers in these countries as they can export and use them domestically in industries such as biofuels.

LPI (LP Information)' newest research report, the “Palm Industrial Oil Industry Forecast” looks at past sales and reviews total world Palm Industrial Oil sales in 2022, providing a comprehensive analysis by region and market sector of projected Palm Industrial Oil sales for 2023 through 2029. With Palm Industrial Oil sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Palm Industrial Oil industry.

This Insight Report provides a comprehensive analysis of the global Palm Industrial Oil landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Palm Industrial Oil portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Palm Industrial Oil market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Palm Industrial Oil and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Palm Industrial Oil.

The global Palm Industrial Oil market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Palm Industrial Oil is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Palm Industrial Oil is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Palm Industrial Oil is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Palm Industrial Oil players cover Cargill, Bunge Limited, Wilmar International, Louis Dreyfus Company, Archer Daniels Midland, Buhler Group and Gemtek Products, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Palm Industrial Oil market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Grade I (Light)
Grade II (Medium)
Grade III (Heavy)

Segmentation by application
Biofuel
Paints and Coatings
Cosmetics and Personal Care
Pharmaceuticals
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Cargill
Bunge Limited
Wilmar International
Louis Dreyfus Company
Archer Daniels Midland
Buhler Group
Gemtek Products

Key Questions Addressed in this Report

What is the 10-year outlook for the global Palm Industrial Oil market?

What factors are driving Palm Industrial Oil market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Palm Industrial Oil market opportunities vary by end market size?

How does Palm Industrial Oil break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.