The global palm methyl ester derivatives market is
anticipated to reach USD 1.01 billion by 2025, according to a new report by
Grand View Research, Inc. 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.
Palm methyl ester derivatives are
essentially oleochemicals processed from CPO and PKO, leading to greater global
demand driven by sustainability along with environmental and health concerns.
Rising consumer preference for natural ingredients and process sustainability
in personal care, food, and other sectors is also anticipated to boost product
demand.
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. Some of the major application sectors of the products include
homecare, personal care, and cosmetic products.
Methyl oleate held the largest
share in the market and is expected to continue its dominance over the forecast
period. The 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 oleate
demand over the forecast period.
Browse full research report on Global
Palm Methyl Ester Derivative Market: http://www.grandviewresearch.com/industry-analysis/palm-methyl-ester-derivative-market
Further key findings from
the report suggest:
- The collective demand for palm methyl ester derivatives globally was 204 kilo tons in 2016 and is expected to grow at a CAGR of around 5.3% from 2017 to 2025 to exceed a total volume of over 320 kilo tons by 2025
- Crude palm oil (CPO) was the largest source for these derivatives while accounting for over 60% of the total revenue in 2015
- Personal care & cosmetics was the largest application segment for methyl laurate with a demand of over USD 32 million in 2016
- Asia Pacific is expected to be the largest regional market with a projected demand of around USD 575 million by 2025
- The industry is dominated by a few multinational corporations such as Peter Cremer North America, Carotino Group, KLK OLEO, Ecogreen Oleochemicals, and Kao Corporation with significant presence across the value chain
- Companies such as P&G Chemicals, VVF, and KLK Oleo are integrated throughout the value chain from manufacturing of raw materials for downstream chemicals to finished products such as detergents, soaps, and personal care products.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers
Grand View Research has segmented the global palm methyl
ester derivative market on the basis of source, product, application and
region:
Palm Methyl Ester Derivatives Source Outlook (Volume,
Tons; Revenue, USD Million, 2014 - 2025)
- Crude Palm Oil (CPO)
- Palm Kernel Oil (PKO)
Palm Methyl Ester Derivatives Product Outlook (Volume,
Tons; Revenue, USD Million, 2014 - 2025)
- Methyl Caprylate
- By Application
- Fatty Alcohols
- Solvent/Co-solvent
- Agriculture
- Personal care & cosmetics
- Lubricant & addition
- Foods
- Others
- Methyl Laurate
- By Application
- Fatty Alcohols
- Solvent/Co-solvent
- Chemical Synthesis
- Personal care & cosmetics
- Paints & inks
- Others
- Methyl Myristate
- By Application
- Fatty Alcohols/ Fatty methyl ester sulfonates (FMES)
- Detergent
- Lubricant
- Personal care & Cosmetics
- Others
- Methyl Palmitate
- By Application
- Detergent
- Lubricant & additives
- Food & Beverage
- Personal care & Cosmetics
- Others
- Methyl Stearate
- By Application
- Soaps & Detergent
- Lubricant & additives
- Food
- Personal care & Cosmetics
- Others
- Methyl Oleate
- By Application
- Fatty Alcohols
- Solvent/Co-solvent
- Soaps & Detergent
- Lubricant & additives
- Personal care & Cosmetics
- Others
- Methyl Linoleate
- By Application
- Solvent/Co-solvent
- Soaps & Detergent
- Personal care & Cosmetics
- Food
- Others
Palm Methyl Ester Derivatives Regional Outlook (Volume,
Tons; Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- South Asia Countries
- Central & South America
- Brazil
- Colombia
- Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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